MGT 2050 FINAL EXAM COMPLETE
QUESTIONS WITH 100% CORRECT
ANSWERS
\.Functions of laws - ANSWERS✔-Keep the peace, Enforce rules to maintain order,
Facilitate planning, Promote social justice, Prevent undesirable behavior, Settle
private and public disputes, Provide clear rules on how institutions (like
governments) should run
\.Risk management - ANSWERS✔-an evaluation of risks and how to minimize
those risks
\.Jurisprudence - ANSWERS✔-the study of law
\.Administrative Law - ANSWERS✔-Regulates aspects of how business is
conducted and attempts to mitigate some of the harms created by business
\.Judicial Review - ANSWERS✔-the court has the power to find any law
unconstitutional. The court has the final say on how the constitution should be
interpreted and applied
\.PreTrial - ANSWERS✔-begins with the pleadings, complaint is filed
,\.Trial - ANSWERS✔-trial by jury
\.PostTrial - ANSWERS✔-either party can appeal the judgement
\.IRAC - ANSWERS✔-Issue, Rule, Analysis, Conclusion
\.Issue - ANSWERS✔-What question the court must decide
\.Rule - ANSWERS✔-What laws, precedent, or principles must the court us to
answer the question?
\.Analysis - ANSWERS✔-How does the court answer the question (longest part)
\.Conclusion - ANSWERS✔-What is the court's answer to the question?
\.Majority Opinion - ANSWERS✔-a judgement based on the majority if more than
one judge is sitting on a panel to hear the case
\.Concurring Opinion - ANSWERS✔-If more than one judge is hearing a cse, some
members of the court may choose to write a separate opinion
\.Dissenting Opinion - ANSWERS✔-an opinion that disagrees with both of the
reasoning and the conclusion of the majority opinion
, \.Morals - ANSWERS✔-an individual's internal compass as to what is right and
wrong
\.Ethics - ANSWERS✔-an external system of right and wrong
\.Moral Action - ANSWERS✔-requires moral awareness, moral standard, moral
intent, moral courage
\.Moral Awareness - ANSWERS✔-the person must understand that a moral
problem exists
\.Moral Intent - ANSWERS✔-they must be invested enough in the controversy to
do something
\.Moral Courage - ANSWERS✔-courage to take action and do what is moral
\.Teleological School of Thought - ANSWERS✔-primarily concerned with the
outcomes of actions
\.Utilitarianism - ANSWERS✔-idea that a moral action creates the greatest amount
of happiness for the greatest amount of people (teleological)
\.Deontological School of Thought - ANSWERS✔-looks at the act themselves in
determining the ethicality of an action, irrespective of the consequences
QUESTIONS WITH 100% CORRECT
ANSWERS
\.Functions of laws - ANSWERS✔-Keep the peace, Enforce rules to maintain order,
Facilitate planning, Promote social justice, Prevent undesirable behavior, Settle
private and public disputes, Provide clear rules on how institutions (like
governments) should run
\.Risk management - ANSWERS✔-an evaluation of risks and how to minimize
those risks
\.Jurisprudence - ANSWERS✔-the study of law
\.Administrative Law - ANSWERS✔-Regulates aspects of how business is
conducted and attempts to mitigate some of the harms created by business
\.Judicial Review - ANSWERS✔-the court has the power to find any law
unconstitutional. The court has the final say on how the constitution should be
interpreted and applied
\.PreTrial - ANSWERS✔-begins with the pleadings, complaint is filed
,\.Trial - ANSWERS✔-trial by jury
\.PostTrial - ANSWERS✔-either party can appeal the judgement
\.IRAC - ANSWERS✔-Issue, Rule, Analysis, Conclusion
\.Issue - ANSWERS✔-What question the court must decide
\.Rule - ANSWERS✔-What laws, precedent, or principles must the court us to
answer the question?
\.Analysis - ANSWERS✔-How does the court answer the question (longest part)
\.Conclusion - ANSWERS✔-What is the court's answer to the question?
\.Majority Opinion - ANSWERS✔-a judgement based on the majority if more than
one judge is sitting on a panel to hear the case
\.Concurring Opinion - ANSWERS✔-If more than one judge is hearing a cse, some
members of the court may choose to write a separate opinion
\.Dissenting Opinion - ANSWERS✔-an opinion that disagrees with both of the
reasoning and the conclusion of the majority opinion
, \.Morals - ANSWERS✔-an individual's internal compass as to what is right and
wrong
\.Ethics - ANSWERS✔-an external system of right and wrong
\.Moral Action - ANSWERS✔-requires moral awareness, moral standard, moral
intent, moral courage
\.Moral Awareness - ANSWERS✔-the person must understand that a moral
problem exists
\.Moral Intent - ANSWERS✔-they must be invested enough in the controversy to
do something
\.Moral Courage - ANSWERS✔-courage to take action and do what is moral
\.Teleological School of Thought - ANSWERS✔-primarily concerned with the
outcomes of actions
\.Utilitarianism - ANSWERS✔-idea that a moral action creates the greatest amount
of happiness for the greatest amount of people (teleological)
\.Deontological School of Thought - ANSWERS✔-looks at the act themselves in
determining the ethicality of an action, irrespective of the consequences
