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WGU BUSINESS LAW FOR ACCOUNTANTS - D216 LATEST QUESTIONS WITH CORRECT DETAILED ANSWERS.
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WGU BUSINESS LAW FOR ACCOUNTANTS - D216 LATEST QUESTIONS WITH CORRECT DETAILED ANSWERS.
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WGU BUSINESS LAW FORACCOUNTANTS - D216 LATEST
QUESTIONS WITH CORRECT DETAILED
ANSWERS.
14th Amendment - ANSWER- 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 - ANSWER- File a complaint, jury or judge, judgement, monetary damages
or property
action in equity - ANSWER- File a petition, judge, decree, injunction, specific
performance, or rescission
administrative agency - ANSWER- 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 - ANSWER- The party who takes an appeal from one court to another.
appellee - ANSWER- The party against whom an appeal is taken—that is, the party who
opposes setting aside or reversing the judgment.
Bill of Rights - ANSWER- The first ten amendments to the U.S. Constitution.
binding authority - ANSWER- Any source of law that a court must follow when deciding
a case.
breaches - ANSWER- To violate a law, by an act or an omission, or to break a legal
obligation that one owes to another person or to society.
business ethics - ANSWER- 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 - ANSWER- The rules of law announced in court decisions. Case law
interprets statutes, regulations, constitutional provisions, and other case law.
categorical imperative - ANSWER- 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 - ANSWER- 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 - ANSWER- The branch of law dealing with the definition and enforcement of
all private or public rights, as opposed to criminal matters.
commerce clause - ANSWER- The provision in Article I, Section 8, of the U.S.
Constitution that gives Congress the power to regulate interstate commerce.
common law - ANSWER- a body of general rules that applied throughout the entire
English realm
compelling government interest - ANSWER- 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 - ANSWER- A court opinion by one or more judges or justices who
agree with the majority but want to make or emphasize a point that was not made or
emphasized in the majority's opinion.
Constitutional law - ANSWER- Law that is based on the U.S. Constitution and the
constitutions of the various states.
Corporate social responsibility (CSR) - ANSWER- The concept that corporations can
and should act ethically and be accountable to society for their actions.
cost-benefit analysis - ANSWER- A decision-making technique that involves weighing
the costs of a given action against the benefits of the action.
courts of equity - ANSWER- A court that decides controversies and administers justice
according to the rules, principles, and precedents of equity.
courts of law - ANSWER- 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 - ANSWER- The branch of law that defines and punishes wrongful actions
committed against the public.
cyberlaw - ANSWER- An informal term used to refer to all laws governing electronic
communications and transactions, particularly those conducted via the Internet.
, damages - ANSWER- A monetary award sought as a remedy for a breach of contract or
a tortious act.
defendant - ANSWER- One against whom a lawsuit is brought, or the accused person
in a criminal proceeding.
defense - ANSWER- 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 - ANSWER- A court opinion that presents the views of one or more
judges or justices who disagree with the majority's decision.
due process clause - ANSWER- The provisions of the Fifth and Fourteenth
Amendments to the U.S. Constitution that guarantee that no person shall be deprived of
life, liberty, or property without due process of law. Similar clauses are found in most
state constitutions.
Duty-based ethics - ANSWER- An ethical philosophy rooted in the idea that every
person has certain duties to others, including both humans and the planet. Those duties
may be derived from religious principles or from other philosophical reasoning.
Eighth Amendment - ANSWER- Prohibits excessive bail and fines, as well as cruel and
unusual punishment.
Electronic Communications Privacy Act (1986) - ANSWER- Prohibits the interception of
information communicated by electronic means.
equal protection clause - ANSWER- The provision in the Fourteenth Amendment to the
U.S. Constitution that guarantees that no state 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 - ANSWER- General propositions or principles of law that have to do
with fairness (equity).
establishment clause - ANSWER- 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 - ANSWER- A reasoning process in which an individual links his or
her moral convictions or ethical standards to the particular situation at hand.
ethics - ANSWER- Moral principles and values applied to social behavior.
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