Bus 404 - Study guides, Class notes & Summaries

BUS 404 Final exam-with 100% verified solutions 2024

In the event of an irreconcilable conflict between federal and state law, the Supremacy clause provides that federal law will preempt state or local law rendering it unconstitutional. (T/F) - True States cannot regulate insurance as this is solely a federal responsibility. (T/F) - False Local government intervention in business typically involves various licensure requirements. (T/F) - True Administrative law principles are generally applicable to the conduct of state and local governments....

definition of law o :# 1. Predictions of the way in which a court will decide specific legal questions 2. A rule of civil conduct prescribed by the supreme power in a state, which commands what is right, and prohibits what is wrong Meanings of Law o :# 1. The legal order of society 2. The aggregate of laws or legal precepts 3. The judicial process Function of Law o :# to maintain stability in the social, political, and economic system through dispute resolution, protection of propert...

BUS 404 Stern Final Questions With Complete Solutions

The American financial community's near collapse in late 2008 had been most directly ignited by the subprime mortgage-crisis - True Capitalism in American was built on the strong philosophical foundation of personal freedom and private property rights - True Democratic capitalism and state capitalism trade with each other for mutual advantage but are economic and political rivals - True Capitalism features economic cooperation and varying degrees of centralized control - False The term c...

BUS 404 Midterm 2. A+ Graded (Errorless answers 100%) T/F: The government intervenes to thwart anticompetitive behaviors throughout the marketplace - ANSWER-True T/F: A natural monopoly exists where a single large firm, such as a utility, is more efficient than several small ones - ANSWER-True T/F: When all the costs and benefits of a good or service are fully internalized or absorbed by producers or consumers, those costs or benefits fall elsewhere as externalities - ANSWER-False T/F: ...

Which of the following statement's is true of lobbying in the United States? - D: It is an essential ingredient in big business strategy Which of the following is an argument put forth by the liberal wing of the Supreme Court in the Citizens United case? - B: Limiting corporate campaign contributions would violate corporate free speech rights The 501(c) 4 groups are particularly attractive because: - A: Contributors' names need not be disclosed Free markets are more efficient decision m...

BUS 404 Final (Updated/ Verified solutions/ A+ Graded already) Which of the following federal regulatory agencies was not created by the United States Congress in the 1970s? - The Occupational Safety and Health Administration (OSHA) - The Environmental Protection Agency (EPA) - The National Labor Relations Board (NLRB) - The Consumer Product Safety Commission (CPSC) - ANSWER-The National Labor Relations Board (NLRB) Procedural rules - ANSWER-Procedural rules delineate the agency's inte...

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