Government
What Branch of Government is the President
Who Does Business Law Protect?
Difference between Ethics & Law
Laws are legally mandated, Ethics are personal
Where do State Laws apply
The State that made them
Where do Federal Statues (Laws) apply?
All 50 States
What is Highest Court in America (usually rules on Constitutional Issues)
Supreme Court
The source and basis of all laws in the country (Hint: Has Amendments)
The Constitution
Personal: Everyday Life Ethics
Professional: Ethics in Workplace
What type of ownership is when company is ran & owned by single person
Sole Proprietorship
When are unethical & illegal business practices ok?
Never
Highest consequence for not following law
Prison/Jail Time
If the law is the minimum standard for conduct, then ethics is the BLANK
Maximum
A store legally raises the price of bottled water sharply during a local emergency (Is it unethical or illegal)
Unethical
What type of ownership is when company is ran & owned by single person
Sole Proprietorship
What Branch of Government is Congress
How do Administrative Regulations effect laws?
They provide rules for how Law will be applied and enforced
A store legally raises the price of bottled water sharply during a local emergency (Is it unethical or illegal)
Unethical
The cost of a loan in dollars and cents
Finance charge
Who/What does State government share power with?
Federal Government
Legal Process of going to a higher court after lower court ruling
Appeal
The two ways administrative regulations are developed
Formal & Informal
Choosing NOT to reveal important information
Concealment
A bank or loan company can do this if the car was stolen or people don't make their payments
Repossess
This type of insurance applies to damage to your vehicle from sources other than collision, including fire, theft, lightning, flood, hail, etc.
Comprehensive Insurance