BADM 7140 BUSINESS LAW (ACTUAL 2025/2026) EXAM 1
QUESTIONS AND VERIFIED 100% VERIFIED ORRECT ANSWERS
(LATEST UPDATE
Type of Alternative Dispute Resolutions - --Answers---
Negotiation, Mediation, Arbitration
Negotiation - --Answers---Parties meet with/without
attorney.
Parties reach resolutions themselves
Mediation - --Answers---Neutral third party meets and
emphasizes points of agreement to bring parties toward
resoultion
Parties reach decision but the mediatior may suggest or
propose a resolution
Arbitration - --Answers---Parties present their arguments
and evidence before an arbirtrator
The arbitrator imposes a resolution that may be binding (or
non binding)
, 7 Tools Used During the Course of Litigation - --Answers---
Request for Admission
1. Complaint/Petition
2. Answer
3. Deposition
4. Affidavit
5. Request for Documents
6. Interragatories
7. Subpoena
Article 1 - --Answers---Congressional Powers
Intersate Commerce---often invokes at the source of power to
enact federal legislation
Declare War
Coin Money
Establish Post Offices
Regulate Intellectual Property
Article II - --Answers---Executive Powers
Veto
Appoint Federal judges
Commander in Chief
Pardon
Article III - --Answers---Judicial Powers
QUESTIONS AND VERIFIED 100% VERIFIED ORRECT ANSWERS
(LATEST UPDATE
Type of Alternative Dispute Resolutions - --Answers---
Negotiation, Mediation, Arbitration
Negotiation - --Answers---Parties meet with/without
attorney.
Parties reach resolutions themselves
Mediation - --Answers---Neutral third party meets and
emphasizes points of agreement to bring parties toward
resoultion
Parties reach decision but the mediatior may suggest or
propose a resolution
Arbitration - --Answers---Parties present their arguments
and evidence before an arbirtrator
The arbitrator imposes a resolution that may be binding (or
non binding)
, 7 Tools Used During the Course of Litigation - --Answers---
Request for Admission
1. Complaint/Petition
2. Answer
3. Deposition
4. Affidavit
5. Request for Documents
6. Interragatories
7. Subpoena
Article 1 - --Answers---Congressional Powers
Intersate Commerce---often invokes at the source of power to
enact federal legislation
Declare War
Coin Money
Establish Post Offices
Regulate Intellectual Property
Article II - --Answers---Executive Powers
Veto
Appoint Federal judges
Commander in Chief
Pardon
Article III - --Answers---Judicial Powers
