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Exam #1 BYU ACC 241 Questions and Answers | 100% Pass

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  • Accounting 241

Exam #1 BYU ACC 241 Questions and Answers | 100% Pass 1. Place the following in their general order of importance, from greatest to least: regulations cases constitution statutes - ️️ Correct-constitution, statues, regulations, cases 2. Which of the following is the most correct? Crim...

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  • September 25, 2024
  • 40
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Accounting 241
  • Accounting 241
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EmillyCharlotte
TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

Exam #1 BYU ACC 241 Questions and
Answers | 100% Pass


1.

Place the following in their general order of importance, from greatest to least:



regulations

cases

constitution

statutes - ✔️✔️Correct-constitution, statues, regulations, cases

2.

Which of the following is the most correct?



Crimes and contracts are divisions of civil law.



Crimes and torts are divisions of civil law.



Contracts and torts are divisions of civil law. - ✔️✔️Correct-Contracts and torts are

divisions of civil law.



1/40

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
contracts and torts are civil law. Crimes are not classified as civil law.

At the beginning of the lesson, it is stated that "law may be defined as a rule or

requirement made and enforced by government." Which governmental bodies can make

law?



legislative bodies



judges



regulatory agencies



all of these options - ✔️✔️Correct-all of these

Suppose that the provision of a state constitution conflicted with the provisions of the

U.S. constitution. What would happen?



Under the Supremacy Clause of the U.S. Constitution, the provisions of the U.S.

Constitution would prevail.



Under the Supremacy Clause of the U.S. Constitution, the provisions of the U.S.

Constitution would stand, except when those provisions conflict with a state constitution.

- ✔️✔️Correct-constitution would prevail


2/40

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
This question focuses on the case of Loving v. U.S. The question in that case is

whether the Congress or the president has the exclusive power to regulate the armed

forces or whether that power is shared. Which of the following is correct?



The president has the exclusive power to regulate the armed forces.



The power to regulate the armed forces is a shared power.



Congress has the exclusive power to regulate the armed forces - ✔️✔️Correct-the right to

regulate is shared

What is stare decisis?



the power of the U.S. Supreme Court to overrule any legal action that is not

constitutional



the requirement that courts be consistent in making present decisions conform to the

rulings in earlier decision



the requirement that every decision must have a precedent - ✔️✔️Correct-requirement to

make decisions that uphold previous decisions




3/40

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Ricky ignores a stop sign and drives his car into an intersection located in the city of

Utopia. He hits and injures a pedestrian named Kate. Which of the following is the

correct answer?



The city may prosecute Ricky, but if that occurs, he cannot be sued by Kate for

damages.



Kate may sue Ricky for damages, but if that occurs, the city may not prosecute Kate.



The city may prosecute Ricky, and Kate may sue him for damages. - ✔️✔️Correct-the city

may prosecute Ricky and Kate may sue him for damages

Which of the following is correct?



Statutes are found in codes and case opinions in reporters.



Case opinions are found in codes and statutes are found in reporters. - ✔️✔️Correct-

statues are in codes and case opinions in reporters

The case of City of Piggott v. Eblen dealt with a conflict between laws. Which laws were

conflicting?



a city ordinance and a state constitution


4/40

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