BLAW 341 Final Exam Questions With Correct Answers
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Course
BLAW 341
Institution
BLAW 341
BLAW 341 Final Exam Questions With
Correct Answers
Impede our ability to make decisions - answerWhat do biases and heuristics do
Prejudice in favor of one idea over another (harmful, close-minded) - answerBias
Approach to problem solving that is sufficient for an immediate or short-term goal -
...
BLAW 341 Final Exam Questions With
Correct Answers
Impede our ability to make decisions - answer✔✔What do biases and heuristics do
Prejudice in favor of one idea over another (harmful, close-minded) - answer✔✔Bias
Approach to problem solving that is sufficient for an immediate or short-term goal -
answer✔✔Heuristic
Decisions that match with our perceived ethical values and aspirations - answer✔✔Optimal
No - answer✔✔Are humans rational decision makers?
By being conscious of limitations of human cognition - answer✔✔How can humans make more
ethical decisions?
Humans tend to do what they are told to (Wired to be obedient to others), Hierarchies -
answer✔✔Obedience to authority
People told to shock innocent person for experiment. Expected less than 1%, got 65% -
answer✔✔Lynn Stout Experiement
Tendency to take cues for behavior from others rather than ourselves - answer✔✔What is
Conformity Bias?
Strong desire to get along with peers - answer✔✔What is one consequence of Conformity Bias?
It may lead individuals to stay silent about legal matters - answer✔✔How can Conformity Bias
affect decision-making in legal matters?
It can cause individuals to lose their moral compass - answer✔✔What is another consequence of
Conformity Bias?
Individuals see their own choices and behaviors as similar to others, difficult to see through
dishonesty - answer✔✔What is the False Consensus Effect?
It increases self-esteem and encourages - answer✔✔How does the False Consensus Effect affect
self-esteem?
, EXAM STUDY MATERIALS 8/7/2024 11:29 AM
If we think we are honest, we assume others must be honest too - answer✔✔What is an example
of the False Consensus Effect?
Irrational assessment of own abilities - answer✔✔What is overconfidence?
They rate themselves well above average in most traits, including honesty, take excessive risks,
and accept their own decisions without moral reflection - answer✔✔How do individuals with
overconfidence behave?
Individuals seek out and retain information that conforms to their preferred world view. -
answer✔✔What is self-serving bias?
People hold beliefs long after they have been discredited, interpret things to support their
viewpoint, and take more responsibility for success and less for failure. - answer✔✔How does
self-serving bias manifest in beliefs?
Doctors may view a drug in a more favorable light if they receive gifts or company benefits. -
answer✔✔How can self-serving bias influence doctors' views on drugs?
Risk preferences change if asked as potential loss or gain. - answer✔✔How can framing affect
risk preferences?
Decision framed as win or lose can encourage people to cut corners and neglect honesty and
integrity. - answer✔✔What impact can framing have on decision-making?
Can significantly change how people answer a question - answer✔✔Framing
A promise or a set of promises for the breach of which the law gives a remedy, or the
performance of which the law in some way recognizes as a duty. - answer✔✔What is a contract
Law and courts - answer✔✔Contract is enforceable by what?
Yes - answer✔✔Are leases a contract?
Common law - Judges determine law
Statutory tweaking (generally state law(Broad: UCC, Narrow: Implied Warranty of
Habitability))
Administrative Regulation - answer✔✔What are sources of contract laws?
Uniform Commercial Code - answer✔✔What does UCC stand for?
Laws relating to commercial transactions between US states and territories - answer✔✔What
does the Uniform Commercial Code cover?
Ability to make minor changes to a contract and still have a valid contract - answer✔✔What
concept does the UCC allow regarding contracts for goods?
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