Short Answer I
Who decided to create laws?
What is
The leader or a central authority who wants to prevent individuals from seeking revenge.
What are the different categories of contracts?
What is
Unilateral and bilateral contracts
What is the relationship between ethics and decision-making?
A. Ethical principles often conflict with the right decision.
B. Ethics make decision-making difficult.
C. Ethics are a framework for good decision-making.
D. Decision-making helps form ethical principles.
What is
C. Ethics are a framework for good decision-making.
When a customer or an employee is involved in a minor accident on the business's premises, an employee of the business should immediately
A. report the accident to a supervisor or manager.
B. offer to take the person home.
C. help the injured person move to a quiet area.
D. call the local medical emergency number.
What is
A. report the accident to a supervisor or manager.
Define the word Law
What is
the system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties.
Why are there federal and state laws?
What is
Federal laws were made to establish the liberties of the people and the power of the government while state laws decide regulations within the state
What is the difference between an unilateral contract and a bilateral contract?
What is
bilateral contract: obligates all parties to perform according to their promises
- unilateral contract: only one party is obligated to fulfill a contractual promise
To reduce risks associated with unethical business activities, a company should clearly communicate its
A. code of conduct to all employees.
B. terms-of-sale policies to executive managers.
C. product requirements to its primary distributors.
D. dividend payment schedule to suppliers.
What is
A. code of conduct to all employees.
To maintain positive, ongoing relationships with vendors, a business should
A. embrace a team-oriented mindset.
B. develop complex contracts.
C. adopt an indifferent outlook.
D. focus on its own interests.
What is
A. embrace a team-oriented mindset.
Define the word Jurisdiction
What is
the official power to make legal decisions and judgments
Name five out of the ten Amendments
What is
Amendment 1 Freedoms, Petitions, Assembly
Amendment 2 Right to bear arms
Amendment 3 Quartering of soldiers
Amendment 4 Search and arrest
Amendment 5 Rights in criminal cases
Amendment 6 Right to a fair trial
Amendment 7 Rights in civil cases
Amendment 8 Bail, fines, punishment
Amendment 9 Rights retained by the People
Amendment 10 States' rights
What are the differences between valid, voidable, and void contracts?
What is
Void: Not an actual contract and is unenforceable.
Valid: Legally binding and enforceable in a court of law.
Voidable: Valid and enforceable but contains a flaw that may make it void.
What step in the Plan-Do-Check-Act (PDCA) continuous improvement technique involves analyzing the results of a small-scale change to determine if the change was effective?
A. Do
B. Check
C. Act
D. Plan
What is
B. Check
A team put a project at the bottom of its priority list and only realized too late that it was more work than the team originally thought. The team missed key deadlines, and the clients were extremely unhappy. This is an example of how
A. ethics take up too much time in project management.
B. teams should only work with clients that are willing to cooperate.
C. project teams can face legal action for being unethical.
D. unethical project management damages stakeholder relationships.
What is
D. unethical project management damages stakeholder relationships.
Define the following word -- Statutes
What is
a written law passed by a legislative body
What are the stages in the growth of law?
What is
Seek revenge,
money substitutes revenge,
courts are formed,
authority makes laws
List four ways in which a valid offer may be terminated before acceptance.
What is
Counteroffer
Rejection
Death
Revocation
What is one reason that it is easier than ever for small businesses to engage in international trade?
A. Technological advances
B. Decreasing international middle class
C. Language barriers
D. Increased regulation
What is
A. Technological advances
Kate is a consultant who specializes in helping companies discover and implement positive solutions to problems in their business processes. Kate's work could best be described as
A. financial counseling. C. marketing research.
B. public relations. D. business analysis.
What is
B. public relations.
Define this word -- Constitution
What is
a body of fundamental principles or established precedents according to which a state or other organization is acknowledged to be governed
How are juveniles handled by the court system?
What is
They aren’t given the full sentence usually and the fault is typically put on the parents
List the various times when a writing is required to prove a contract in accordance with the statute of frauds.
What is
Land sales and purchases of goods over $500
Which of the following is a type of credit card that can be used to make purchases from a variety of participating businesses:
A. Retail store C. Hotel
B. Bank D. Petroleum
What is
B. Bank
A business process change will likely be required if a company
A. goes out of business.
B. merges with another company.
C. plans a meeting for Friday.
D. has a profitable quarter.
What is
B. merges with another company.
What does positive law mean?
What is
The positive law It is the set of legal and legal provisions designed by man to govern their coexistence and imposed by the organization of a State, as well as collected in a written body that contains the detailed legal framework. For example: commercial regulations, criminal codes, legal contracts.