Intro to BA Law
This term refers to the enforceable rules governing commercial relationships.
What is Business Law?
The division of power between state and federal governments is called ____.
What is Federalism?
What are the threshold requirements to file and maintain a case?
What is Standing, Case or Controversy, and Ripeness?
The set of laws governing relationships between nations is called ____.
What is International Law?
The study of moral principles applied to business is called ____.
What is Business Ethics?
Name the 6 areas of business affected by the Law.
What is Management, Marketing, HR, Production & Transportation, Research & Development, and Finance & Accounting
This clause establishes the U.S. Constitution as the supreme law of the land.
What is The Supremacy Clause?
The 3 levels of Federal Court
What is SCOTUS, Federal Court of Appeals, and Federal District Court?
The World Trade Organization (WTO) was created to ____.
What is regulate international trade?
This ethical principle suggests companies should consider the impact of their actions on society.
What is Social Responsibility?
The Latin principle that past judicial decisions guide future cases is called
The 5th and 14th Amendments include these two types of due process.
What are procedural and substantive due process?
A clause stated in a contract to determine the venue of any possible dispute.
What is Forum Selection Clause?
A U.S. company granting a foreign company the right to use its brand and business model is called ____.
What is a franchising?
The stakeholder framework considers the interests of ____.
What is consumers, employees, managers, and/or owners?
A theory of law that states that law is a social construct, and that its existence and content are determined by social facts. It is based on the idea that law is separate from morality, and that laws are created by lawmakers and should be obeyed.
What is Legal Positivism?
The three levels of scrutiny under the Equal Protection Clause are ____.
What is rational basis, intermediate scrutiny, and strict scrutiny?
A tax levied on imported goods.
What are Tariffs?
A joint venture is a partnership between ____.
What is two or more companies from different countries?
This test asks whether an action would be acceptable if everyone did the same
What is the universalization test?
What major legal system does the U.S. follow?
What is The Common Law system.
The Dormant Commerce Clause prevents states from ____.
What is burdening interstate commerce?
The difference between Public and Private Law
What is disputes between private persons and their government vs. disputes between private persons and other private persons or groups?
The World Trade Organization (WTO) replaced ____.
What is GATT?
This test asks "if the public knew about this decision, how would you decide?"
What is the Public Disclosure Test?