Bus 404 midterm - Study guides, Class notes & Summaries

BUS 404 MIDTERM 1 Exam Questions With 100% Correct Answers. Definition of law - answer1. 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 - answer1. The legal order of society 2. The aggregate of laws or legal precepts 3. The judicial process Function of Law - answerto maintain stability in the social, political, and...

BUS 404 MIDTERM 1 ANDERSON UPDATED Exam Questions and CORRECT Answers definition of law - Correct ANSWER- 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 - Correct ANSWER- 1. The legal order of society 2. The aggregate of laws or legal precepts 3. The judicial process

BUS 404 MIDTERM 1 Exam Questions With 100% Correct Answers. Definition of law - answer1. 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 ethics - answerthe principles of right and wrong that guide an individual in making decisions Business Ethics - answerrules about how businesses and their employees ought to behave Seeing-Knowing-D...

Arguments in favor of business involvement in social activities - Answer - social contract - stakeholder model - less government regulation - long-run profits stakeholder model - Answer corporations have fiduciary duty to all of their stakeholders, not just their stockholders Fiduciary Duties - Answer duty of care and duty of loyalty

omparison of law - Answer Availability: Generally Precedents: Stare Decisis Jury:: If either party demands Remedies: Judgement for monetary damages comparison of equity - Answer Availability: Discretionary Precedents: Equitable maxims Jury: None

Bus 404 Midterm 1 Test Answered Correctly!!

BUS 404 Midterm Exam Study Guide | 100% Correct Answers | Verified 2024 Version True or False: The government intervenes to thwart anticompetitive behaviors throughout the marketplace. - True True or False: A natural monopoly exists where a single large firm, such as utility, is more efficient than several small ones. - True True or False: 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 e...

BUS 404 Midterm 2. A+ Graded (Errorless answers 100%)

True or False: The government intervenes to thwart anticompetitive behaviors throughout the marketplace. - True True or False: A natural monopoly exists where a single large firm, such as utility, is more efficient than several small ones. - True True or False: 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. - False True or False: Negative Externalities are those i...

BUS 404 Midterm 1 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version 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 becaus...