Mgmt 209 Study guides, Class notes & Summaries

The Constitution establishes what? correct answers The branches of the national government. The British government in colonial times... correct answers For the most part left the colonists alone to govern themselves. Massachusetts had what kind of government during colonial times? correct answers Church-dominated. Virginia had what kind of government during colonial times? correct answers A representative government. French and Indian war correct answers The British decided to charge...

Constitution correct answers Supreme law of the land Constitution correct answers The ________________ establishes a federal system Constitution correct answers The ____________ establishes three branches of the national government Executive Branch correct answers branch that includes the President Judicial Branch correct answers branch that includes the courts Legislative Branch correct answers branch that includes Congress Constitution correct answers The __________ divides p...

What are the purposes of tort law? correct answers - Appeasement - Justice - Deterrence - Social Insurance A tort's purpose it to make guilty party pay Appeasement correct answers the purpose of the law is to limit the negative impact of the infliction of injury to the event of the injury itself Justice correct answers Ethical retribution and Ethical compensation Ethical retribution correct answers places emphasis on the fact that the payment of compensation is harmful to the tor...

NLRB v. Mackay Radio & Telegraph Co. CORRECT ANSWER This doctrine clearly establishes the legality of using permanent strike replacements in economic strikes NLRB v. Washington Aluminum Co. CORRECT ANSWER 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 ANSWER see Norris- LaGuardia Act of 1932. 1) Outlawed "yellow dog contracts". 2) makes it difficult for emp...

What are the purposes of tort law? CORRECT ANSWER - Appeasement - Justice - Deterrence - Social Insurance A tort's purpose it to make guilty party pay Appeasement CORRECT ANSWER the purpose of the law is to limit the negative impact of the infliction of injury to the event of the injury itself Justice CORRECT ANSWER Ethical retribution and Ethical compensation Ethical retribution CORRECT ANSWER places emphasis on the fact that the payment of compensation is harmful to the tortfeas...

Two major roles of law in the business world CORRECT ANSWER 1. Dispute Resolution Role 2. Regulation (Regulatory) Role Dispute Resolution role CORRECT ANSWER - Settles differences between two or more parties - Mainly covered in a Business Law class Regulation (Regulatory) role CORRECT ANSWER - Government interferes with private business - Directs and standardizes business activities (Government becomes an active third party) Definition of Law CORRECT ANSWER Law is a collection of rul...

Contract CORRECT ANSWER A legal agreement of the parties to do something not obligated to do or to refrain from doing something legally entitled to do. ____ consist of a promise, but not all promises are ___. (promises-manifestation of intent to do or not do something) Standard CORRECT ANSWER Apparent intention of a party to enter into a contract is determined by the objective, outward manifestation of his or her assent as it would be interpreted by a reasonable person, rather than by tha...

Chapter 1 CORRECT ANSWER Two Main Functions of Law CORRECT ANSWER 1. Dispute Resolution 2. Government Regulation Law CORRECT ANSWER Collection of rules and regulations that govern how we interact with each other and with the government, and the enforcement thereof, gray areas What does Enforcement of Law lead to? CORRECT ANSWER Predictability and Stability, want uniformity 5 Sources of Law CORRECT ANSWER 1. Constitutional Law 2. Congress 3. Executive Creation of Law 4. Courts 5...

Litigation correct answers -most business transactions DO NOT result in __________ -some do when a party feels that wrong has been committed or some law violated by other firms, customers, or govt. -if dispute cannot be resolved, result is lawsuit, have the dispute resolved by a court -if you are a business you WILL get sued ~either because other will want your success ~or because you aren't successful Types of Judicial Systems correct answers -Criminal: violating criminal statues -C...

Administrative Warrants correct answers Has to do with warrants for searching a business. Different than a probable cause warrant. Easily obtained, can be waived in highly regulated industries (liquor/guns), food industry or meat packing plants Anti-Federalists correct answers people who opposed the creation of a strong government in the beginnings of our nation. Liked article of confederation which gave state government more authority than fed Articles of Confederation correct answers fir...