Business Law: Final Exam Questions With Accurate Answers
constitution - correct answer -The document that sets forth the framework of a government and its
relationship to the people it governs.
Common law - correct answer -based upon the current standards or customs of the people.
positive law - correct answer -Law that is dictated from above by a sovereign or other central authority
business ethics - correct answer -Ethical principles used in making business decisions
Guidelines - correct answer -Laws made by administrative agencies
stare decisis - correct answer -Doctrine that requires lower courts to adhere to existing case law in
making decisions
ordinances - correct answer -Legislative actions taken by city or town councils
statutes - correct answer -Laws enacted by state or federal legislative bodies
case law - correct answer -The type of law made when an appellate court endorses a rule to be used in
deciding court cases
ethics - correct answer -A collection of standards of conduct and moral judgment forming the basis for a
reasoned, impartial decision as to what is right and what is wrong
Thomas Jefferson - correct answer -author of the Declaration of Independence
the preamble to the U.S. Constitution (quote it) - correct answer -We, the people, in order to form a
more perfect union, establish justice, insure domestic tranquility, provide for the common defense,
promote the general welfare, and secure the blessings of liberty to ourselves and our prosperity.....
Bill of Rights - correct answer -The first 10 amendments to the constitution
5th amendment - correct answer -the right to life, liberty and property
Executive, Judicial, and Legislative - correct answer -The three branches of the government
procedural law - correct answer -Filing proper motions and completing everything required legally in the
proper order
criminal law - correct answer -an offence against society
Standard of proof in a criminal case - correct answer -beyond a reasonable doubt
unanimous - correct answer -Jury's verdict in a criminal case must be _______________.
constitution - correct answer -The document that sets forth the framework of a government and its
relationship to the people it governs.
Common law - correct answer -based upon the current standards or customs of the people.
positive law - correct answer -Law that is dictated from above by a sovereign or other central authority
business ethics - correct answer -Ethical principles used in making business decisions
Guidelines - correct answer -Laws made by administrative agencies
stare decisis - correct answer -Doctrine that requires lower courts to adhere to existing case law in
making decisions
ordinances - correct answer -Legislative actions taken by city or town councils
statutes - correct answer -Laws enacted by state or federal legislative bodies
case law - correct answer -The type of law made when an appellate court endorses a rule to be used in
deciding court cases
ethics - correct answer -A collection of standards of conduct and moral judgment forming the basis for a
reasoned, impartial decision as to what is right and what is wrong
Thomas Jefferson - correct answer -author of the Declaration of Independence
the preamble to the U.S. Constitution (quote it) - correct answer -We, the people, in order to form a
more perfect union, establish justice, insure domestic tranquility, provide for the common defense,
promote the general welfare, and secure the blessings of liberty to ourselves and our prosperity.....
Bill of Rights - correct answer -The first 10 amendments to the constitution
5th amendment - correct answer -the right to life, liberty and property
Executive, Judicial, and Legislative - correct answer -The three branches of the government
procedural law - correct answer -Filing proper motions and completing everything required legally in the
proper order
criminal law - correct answer -an offence against society
Standard of proof in a criminal case - correct answer -beyond a reasonable doubt
unanimous - correct answer -Jury's verdict in a criminal case must be _______________.
