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WGU D216 Business Law for Accountants – Questions With Verified Solutions

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WGU D216 Business Law for Accountants – Questions With Verified Solutions

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WGU D216 Business Law for Accountants –
Questions With Verified Solutions

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Terms in this set (354)



passed in 1868 after the Civil War, 14th Amendment
provides, in part, that "[n]o State shall .
. . deprive any person of life, liberty, or
property, without due process of law."


File a complaint, jury or judge, action at law
judgement, monetary damages or
property


File a petition, judge, decree, action in equity
injunction, specific performance, or
rescission


A federal or state government agency administrative agency
created by the legislature to perform
a specific function, such as to make
and enforce rules pertaining to the
environment.


The party who takes an appeal from appellant
one court to another.


The party against whom an appeal is appellee
taken—that is, the party who opposes
setting aside or reversing the
judgment.


The first ten amendments to the U.S. Bill of Rights
Constitution.

,Any source of law that a court must binding authority
follow when deciding a case.


To violate a law, by an act or an breaches
omission, or to break a legal
obligation that one owes to another
person or to society.


Ethics in a business context; a business ethics
consensus of what constitutes right or
wrong behavior in the world of
business and the application of moral
principles to situations that arise in a
business setting.


The rules of law announced in court case law
decisions. Case law interprets statutes,
regulations, constitutional provisions,
and other case law.


A concept developed by the categorical imperative
philosopher Immanuel Kant as an
ethical guideline for behavior. In
deciding whether an action is right or
wrong, or desirable or undesirable, a
person should evaluate the action in
terms of what would happen if
everybody else in the same situation,
or category, acted the same way.


The system by which each of the three checks and balances
branches of the U.S. national
government (executive, legislative,
and judicial) exercises checks on the
powers of the other branches.


The branch of law dealing with the Civil law
definition and enforcement of all
private or public rights, as opposed to
criminal matters.

,The provision in Article I, Section 8, of commerce clause
the U.S. Constitution that gives
Congress the power to regulate
interstate commerce.


a body of general rules that applied common law
throughout the entire English realm


A test of constitutionality that requires compelling government interest
the government to have compelling
reasons for passing any law that
restricts fundamental rights, such as
free speech, or distinguishes between
people based on a suspect trait.


A court opinion by one or more concurring opinion
judges or justices who agree with the
majority but want to make or
emphasize a point that was not made
or emphasized in the majority's
opinion.


Law that is based on the U.S. Constitutional law
Constitution and the constitutions of
the various states.


The concept that corporations can Corporate social responsibility (CSR)
and should act ethically and be
accountable to society for their
actions.


A decision-making technique that cost-benefit analysis
involves weighing the costs of a given
action against the benefits of the
action.

, A court that decides controversies courts of equity
and administers justice according to
the rules, principles, and precedents
of equity.


A court in which the only remedies courts of law
that can be granted are things of
value, such as money damages. In the
early English king's courts, courts of
law were distinct from courts of
equity.


The branch of law that defines and Criminal law
punishes wrongful actions committed
against the public.


An informal term used to refer to all cyberlaw
laws governing electronic
communications and transactions,
particularly those conducted via the
Internet.


A monetary award sought as a remedy damages
for a breach of contract or a tortious
act.


One against whom a lawsuit is defendant
brought, or the accused person in a
criminal proceeding.


Reasons that a defendant offers in an defense
action or suit as to why the plaintiff
should not obtain what he or she is
seeking.


A court opinion that presents the dissenting opinion
views of one or more judges or
justices who disagree with the
majority's decision.

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