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WGU Business Law for Accountants - D216 ALL CORRECT QUESTIONS AND ANSWERS!!
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WGU Business Law for Accountants - D216 ALL CORRECT QUESTIONS AND ANSWERS!!
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WGU Business Law for Accountants - D216 ALL CORRECT QUESTIONS AND ANSWERS!! 14th Amendment - ✅ ANS passed in 1868 after the Civil War, provides, in part, that "[n]o State shall . . . deprive any person of life, liberty, or property, without due process of law." action at law - ✅ ANS File a complaint, jury or judge, judgement, monetary damages or p roperty action in equity - ✅ ANS File a petition, judge, decree, injunction, specific performance, or rescission administrative agency - ✅ ANS A federal or state government agency created by the legislature to perform a specific function, such as to make and enforce rules pertaining to the environment. appellant - ✅ ANS The party who takes an appeal from one court to another. appellee - ✅ ANS The party against whom an appeal is taken —that is, the party who opposes setting aside or reversing the judgment . Bill of Rights - ✅ ANS The first ten amendments to the U.S. Constitution. binding authority - ✅ ANS Any source of law that a court must follow when deciding a case. breaches - ✅ ANS To violate a law, by an act or an omission, or to break a legal oblig ation that one owes to another person or to society. business ethics - ✅ ANS Ethics in a business context; a consensus of what constitutes right or wrong behavior in the world of business and the application of moral principles to situations that arise in a business setting. case law - ✅ ANS The rules of law announced in court decisions. Case law interprets statutes, regulations, constitutional provisions, and other case law. categorical imperative - ✅ ANS A concept developed by the philosopher Immanuel Kant as an ethical guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a person should evaluate the action in terms of what would happen if everybody else in the same situation, or category, acted the same way. checks and balances - ✅ ANS The system by which each of the three branches of the U.S. national government (executive, legislative, and judicial) exercises checks on the powers of the other branches. Civil law - ✅ ANS The branch of law dealing with the definition and enforcement of all private or public rights, as opposed to criminal matters. commerce clause - ✅ ANS The provision in Article I, Section 8, of the U.S. Constitution that gives Congress the power to re gulate interstate commerce. common law - ✅ ANS a body of general rules that applied throughout the entire English realm compelling government interest - ✅ ANS A test of constitutionality that requires the government to have compelling reasons for passing any law that restricts fundamental rights, such as free speech, or distinguishes between people based on a suspect trait. concurring opinion - ✅ ANS A court opinion by one or more judges or justices who agree with the majority but want to make or emphasi ze a point that was not made or emphasized in the majority's opinion. Constitutional law - ✅ ANS Law that is based on the U.S. Constitution and the constitutions of the various states. Corporate social responsibility (CSR) - ✅ ANS The concept that corpor ations can and should act ethically and be accountable to society for their actions. cost-benefit analysis - ✅ ANS A decision -making technique that involves weighing the costs of a given action against the benefits of the action. courts of equity - ✅ ANS A court that decides controversies and administers justice according to the rules, principles, and precedents of equity. courts of law - ✅ ANS A court in which the only remedies that can be granted are things of value, such as money damages. In the early English king's courts, courts of law were distinct from courts of equity. Criminal law - ✅ ANS The branch of law that defines and punishes wrongful actions committed against the public. cyberlaw - ✅ ANS An informal term used to refer to all laws governi ng electronic communications and transactions, particularly those conducted via the Internet. damages - ✅ ANS A monetary award sought as a remedy for a breach of contract or a tortious act. defendant - ✅ ANS One against whom a lawsuit is brought, or the accused person in a criminal proceeding. defense - ✅ ANS Reasons that a defendant offers in an action or suit as to why the plaintiff should not obtain what he or she is seeking. dissenting opinion - ✅ ANS A court opinion that presents the views of one or more judges or justices who disagree with the majority's decision. due process clause - ✅ ANS The provisions of the Fifth and Fourteenth Amendments to the U.S. Constitution that guarantee that no pers on shall be deprived of life, liberty, or property without due process of law. Similar clauses are found in most state constitutions. Duty -based ethics - ✅ ANS An ethical philosophy rooted in the idea that every person has certain duties to others, includ ing both humans and the planet. Those duties may be derived from religious principles or from other philosophical reasoning. Eighth Amendment - ✅ ANS Prohibits excessive bail and fines, as well as cruel and unusual punishment. Electronic Communications Privacy Act (1986) - ✅ ANS Prohibits the interception of information communicated by electronic means. equal protection clause - ✅ ANS The provision in the Fourteenth Amendment to the U.S. Constitution that guarantees that no sta te will "deny to any person within its jurisdiction the equal protection of the laws." This clause mandates that state governments treat similarly situated individuals in a similar manner. equitable maxims - ✅ ANS General propositions or principles of law that have to do with fairness (equity). establishment clause - ✅ ANS The provision in the First Amendment to the U.S. Constitution that prohibits Congress from establishing a state -sponsored religion, as well as from passing laws that promote religion or show a preference for one religion over another. ethical reasoning - ✅ ANS A reasoning process in which an individual links his or her moral convictions or ethical standards to the particular situation at hand.The benefits of buying summaries with Stuvia:
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