MGMT 311 (TAMU) Exam 1 Questions
With 100% Verified Answers
law -
correct answer ✅consists of enforceable rules governing
relationships among individuals and between individuals and their
society.
4 sources of law -
correct answer ✅constitutions, statutory law, administrative law,
common law
constitutions -
correct answer ✅establishes organization, powers, and limits of
governments.
SUPREME LAW OF THE LAND
10th amendment -
correct answer ✅reserves all powers not granted to federal
government to states.
**we are mostly governed by the state we live in**
statutory law -
correct answer ✅created by the U.S. Congress or state legislatures
,MGMT 311 (TAMU) Exam 1 Questions
With 100% Verified Answers
"S"tatuatory = "S"pecial people create it
state constitutions -
correct answer ✅highest form of law within borders of that state
federal statues -
correct answer ✅laws passed that apply to ALL states
state statutes -
correct answer ✅laws passed that only apply WITHIN that state
municipal/county government -
correct answer ✅enacts ordinances, which govern matters not
covered by state or federal law.
uniform laws -
correct answer ✅A model law developed by the National
Conference of Commissioners on Uniform State Laws for the states
to consider enacting into statute
,MGMT 311 (TAMU) Exam 1 Questions
With 100% Verified Answers
uniform laws -
correct answer ✅a state may adapt all of part of this type of law as
written or rewrite it
UCC -
correct answer ✅Uniform Commercial Code
most accepted uniform law; adopted in all 50 states
administrative law -
correct answer ✅The body of law created by administrative
agencies (in the form of rules, regulations, orders, and decisions) in
order to carry out their duties and responsibilities.
executive agencies -
correct answer ✅subject to the authority of the president, who
has the power to appoint and remove their officers
Ex) Federal Drug Administration
, MGMT 311 (TAMU) Exam 1 Questions
With 100% Verified Answers
independent regulatory agencies -
correct answer ✅Federal regulatory agencies that are
independent, thus not fully under the power of the president.
Serve a fixed term and officers do not change with the change in
presidency.
Ex. Federal Trade Commission, Securities and Exchange
Commission.
Common (Case) Law -
correct answer ✅a body of unwritten laws based on legal
precedents and customs established by the courts
Courts of LAW and Remedies at LAW -
correct answer ✅a court of law is limited to awarding payments of
money or property as compensation
Special Damages -
correct answer ✅A form of compensatory damages that awards a
sum of money for specific, identifiable expenses associated with
the injured person's loss, such as medical expenses or lost wages.
With 100% Verified Answers
law -
correct answer ✅consists of enforceable rules governing
relationships among individuals and between individuals and their
society.
4 sources of law -
correct answer ✅constitutions, statutory law, administrative law,
common law
constitutions -
correct answer ✅establishes organization, powers, and limits of
governments.
SUPREME LAW OF THE LAND
10th amendment -
correct answer ✅reserves all powers not granted to federal
government to states.
**we are mostly governed by the state we live in**
statutory law -
correct answer ✅created by the U.S. Congress or state legislatures
,MGMT 311 (TAMU) Exam 1 Questions
With 100% Verified Answers
"S"tatuatory = "S"pecial people create it
state constitutions -
correct answer ✅highest form of law within borders of that state
federal statues -
correct answer ✅laws passed that apply to ALL states
state statutes -
correct answer ✅laws passed that only apply WITHIN that state
municipal/county government -
correct answer ✅enacts ordinances, which govern matters not
covered by state or federal law.
uniform laws -
correct answer ✅A model law developed by the National
Conference of Commissioners on Uniform State Laws for the states
to consider enacting into statute
,MGMT 311 (TAMU) Exam 1 Questions
With 100% Verified Answers
uniform laws -
correct answer ✅a state may adapt all of part of this type of law as
written or rewrite it
UCC -
correct answer ✅Uniform Commercial Code
most accepted uniform law; adopted in all 50 states
administrative law -
correct answer ✅The body of law created by administrative
agencies (in the form of rules, regulations, orders, and decisions) in
order to carry out their duties and responsibilities.
executive agencies -
correct answer ✅subject to the authority of the president, who
has the power to appoint and remove their officers
Ex) Federal Drug Administration
, MGMT 311 (TAMU) Exam 1 Questions
With 100% Verified Answers
independent regulatory agencies -
correct answer ✅Federal regulatory agencies that are
independent, thus not fully under the power of the president.
Serve a fixed term and officers do not change with the change in
presidency.
Ex. Federal Trade Commission, Securities and Exchange
Commission.
Common (Case) Law -
correct answer ✅a body of unwritten laws based on legal
precedents and customs established by the courts
Courts of LAW and Remedies at LAW -
correct answer ✅a court of law is limited to awarding payments of
money or property as compensation
Special Damages -
correct answer ✅A form of compensatory damages that awards a
sum of money for specific, identifiable expenses associated with
the injured person's loss, such as medical expenses or lost wages.
