BUSFIN 3500 Final Blackburn Latest Update
2024-2025 Actual Exam from Credible Source
with 100 Questions and 100% Verified Detailed
Correct Answers Guaranteed A+ Approved by
Professor
Acceptance - CORRECT ANSWER: Words or action by which an offeree signifies his or
her intention to be bound by the offer. Can only be accepted by the offeree and must
have clear intent to be bound
Accepting by Promise or Performance - CORRECT ANSWER: When someone begins
work therefore promising to complete the work if they have a promise to be paid.
Act in Good Faith and Deal Fairly with Others - CORRECT ANSWER: The obligation of
good faith and fair dealing is fundamental in business. Another components is
disclosure of companies history and any possible issues. Generally arises in the setting
of contractural dealings.
Administrative Agencies - CORRECT ANSWER: Have the power to affect the rights of
private parties. Can make law the same way as the legislative, executive, and judicial
branches. The three branches interact as sources of law throuch checks and balances.
Affirmative Action - CORRECT ANSWER: Give preference to minority applicants and
employees.
Federal Contracts: executive orders require bids on government contracts to include an
affirmative action clause. Must set goals and time tables to hire and retain women and
minorities.
Private Company: Employers voluntarily institute affirmative action plan does not violate
Title VII when: 1) is in response to a racially segregated workforce 2) is temporary 3)
does not unnecessarily trample on the rights of the non-minority
, Alternative Dispute Resolution (ADR) - CORRECT ANSWER: Mediation: involved
intermediary to assist the parties in resolving the conflict
Mini-trial: Procedure structural to convert a legal dispute in a business problem
Arbitration: Replaces judge and jury with private arbitrator who holds a hearing and
decides the dispute. Decision is called an award and arbitrator has no power to enforce
it.
Assualt - CORRECT ANSWER: Causing another person to be apprehensive about a
battery. Protects the mental interest and peace of mind of an individual
Attorney-Client Privilege - CORRECT ANSWER: Law that protects the confidential
communication between the attorney and client from disclosure to a third party. Does
not include statements made to an attorney in the presence of third parties other than
the client's or attorney's agents or employees. The purpose is to avoid violation the law
and if the client is trying to use lawyer's services to commit a crime or fraud then the
privilege is waived.
Bargain Theory of Contracts - CORRECT ANSWER: Basic type pf promise that courts
enforce. Offer, acceptance, and consideration.
Battery - CORRECT ANSWER: Unprivileged, unwanted touching of another. Different
from the crime.
Bona Fide Occupational Qualification (BFOQ) - CORRECT ANSWER: Statutory
exception to employment practices that might otherwise violate Title VII or Age
discrimination in Employment Act. Can discriminate against religion, national origin, sex,
or age if its reasonably necessary to normal operation of the business.
First Ask: What are the essential job requirements?
Then: Is it true that all or substantially all those included cannot perform the job?
If yes to both then BFOQ applies
2024-2025 Actual Exam from Credible Source
with 100 Questions and 100% Verified Detailed
Correct Answers Guaranteed A+ Approved by
Professor
Acceptance - CORRECT ANSWER: Words or action by which an offeree signifies his or
her intention to be bound by the offer. Can only be accepted by the offeree and must
have clear intent to be bound
Accepting by Promise or Performance - CORRECT ANSWER: When someone begins
work therefore promising to complete the work if they have a promise to be paid.
Act in Good Faith and Deal Fairly with Others - CORRECT ANSWER: The obligation of
good faith and fair dealing is fundamental in business. Another components is
disclosure of companies history and any possible issues. Generally arises in the setting
of contractural dealings.
Administrative Agencies - CORRECT ANSWER: Have the power to affect the rights of
private parties. Can make law the same way as the legislative, executive, and judicial
branches. The three branches interact as sources of law throuch checks and balances.
Affirmative Action - CORRECT ANSWER: Give preference to minority applicants and
employees.
Federal Contracts: executive orders require bids on government contracts to include an
affirmative action clause. Must set goals and time tables to hire and retain women and
minorities.
Private Company: Employers voluntarily institute affirmative action plan does not violate
Title VII when: 1) is in response to a racially segregated workforce 2) is temporary 3)
does not unnecessarily trample on the rights of the non-minority
, Alternative Dispute Resolution (ADR) - CORRECT ANSWER: Mediation: involved
intermediary to assist the parties in resolving the conflict
Mini-trial: Procedure structural to convert a legal dispute in a business problem
Arbitration: Replaces judge and jury with private arbitrator who holds a hearing and
decides the dispute. Decision is called an award and arbitrator has no power to enforce
it.
Assualt - CORRECT ANSWER: Causing another person to be apprehensive about a
battery. Protects the mental interest and peace of mind of an individual
Attorney-Client Privilege - CORRECT ANSWER: Law that protects the confidential
communication between the attorney and client from disclosure to a third party. Does
not include statements made to an attorney in the presence of third parties other than
the client's or attorney's agents or employees. The purpose is to avoid violation the law
and if the client is trying to use lawyer's services to commit a crime or fraud then the
privilege is waived.
Bargain Theory of Contracts - CORRECT ANSWER: Basic type pf promise that courts
enforce. Offer, acceptance, and consideration.
Battery - CORRECT ANSWER: Unprivileged, unwanted touching of another. Different
from the crime.
Bona Fide Occupational Qualification (BFOQ) - CORRECT ANSWER: Statutory
exception to employment practices that might otherwise violate Title VII or Age
discrimination in Employment Act. Can discriminate against religion, national origin, sex,
or age if its reasonably necessary to normal operation of the business.
First Ask: What are the essential job requirements?
Then: Is it true that all or substantially all those included cannot perform the job?
If yes to both then BFOQ applies
