Mgmt 209 Study guides, Class notes & Summaries

MGMT 209 EXAM 4 SWIM TAMU secured predictor - correct answer the collateral a creditor has, something of yours they can take away in case you do not pay what are the 4 types of liens - correct answer artisan, workers, landlords, mechanic/contractor artisan lien - correct answer until you pay, you don't get property back (think dry cleaning a wedding dress, you have to pay them before you can get the dress back)

NLRB v. Mackay Radio & Telegraph Co. correct answers This doctrine clearly establishes the legality of using permanent strike replacements in economic strikes NLRB v. Washington Aluminum Co. correct answers non-unionized workers walk off job and protest due to poor conditions = fired = firing is ruled illegal by NLRB due to activity of mutual aid/ protection Anti-Injunction Act correct answers see Norris- LaGuardia Act of 1932. 1) Outlawed "yellow dog contracts". 2) makes it difficult fo...

The nature of contractural exchange correct answers Gives us: -Contract Law -Common Law It is a fundamental part of our: -economic system -the legal environment of business Contract Law correct answers A system of rules for ENFORCING promises and BREAKING promises Contract law tells us... correct answers -Which promises are legally enforceable -the Consequences of breaking the promises Societal Level of contracts correct answers Provide a legal environment conductive to volun...

MGMT 209 FINAL STUDY GUIDE QUESTIONS (TAMU SWIM) You get angry at your roommate and decide to kill him/her. If you do, what type of law have you violated? - correct answer Statutory, State, Criminal, and Public law is violated There are two major functions of the legal system. When you are sued in Court this is an example of what type of major function of the legal system? - correct answer Dispute Resolution Which of the following are sources of law? - correct answer Administrative, Jud...

Rex tries to make decisions in such a way as to benefit as many people as possible. Sam tries to treat everyone as he would wish to be treated. Rex takes a ______________ approach to decision making, and Sam follows a _______________ approach. A. Utilitarian; Utilitarian B. Utilitarian; Deontological C. Deontological; Utilitarian D. Deontological; Deontological correct answers B. Utilitarian; Deontological Reason: doing the greatest good for the greatest number is the goal of utilitaria...

values of capitalism correct answers 1. efficiency 2. opportunity 3. individual liberty anticompetitive correct answers deliberate actions by firms to harm their competitors rather than improving their own products or services antitrust law correct answers designed to prevent anti competition beginning of antitrust law correct answers john d. rockefeller begins owning the majority of shares in the oil industry breaking up of standard oil correct answers standard oil of new jersey ...

Judicial Review correct answers The process for making decisions on whether the laws or actions of the other two branches are constitutional or not Marbury V. Madison correct answers Established the power of Judicial Review by saying "If two laws conflict, the courts must decide on the operations of each..." Jurisdiction correct answers Power of the court to speak the law Functions of In Personam Jurisdiction correct answers - Residents of state (sued where the Defendant is a reside...

arbitrary/capricious standard correct answers determined by whether or not there is any rational reason for the agency decision delegation correct answers Congress gave power over certain activities to specialized administrative agencies deregulation correct answers to do away with regulation (more popular among Republican Administrations) economy-wide correct answers regulatory agencies that regulate problems that are not isolated in one particular industry (ex: FTC, NLRB, EPA, EEOC, e...

Litigation correct answers the process in which a lawsuit is filed in order to have the issues resolved by the courts Plaintiff correct answers the party that begins the lawsuit Defendant correct answers the party that is being sued Preponderance of the Evidence correct answers the standard for proving the defendant responsible or liable in a civil court Beyond Reasonable Doubt correct answers the standard of proof necessary in a criminal court Trail Court correct answers the lowe...

Tort Law correct answers law dealing with involuntary transactions, like accidents, assaults, intentional interference with contract, or fraud. CIVIL intentional tort correct answers involves a deliberate action resulting in a harm, by a tortfeasor negligence correct answers unintentional tort, didn't use reasonable care strict liability correct answers abnormally dangerous activities, liability without fault appeasement correct answers try to limit negative impact to the injury its...