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WGU BUSINESS LAW FOR ACCOUNTANTS - D216
EXAM QUESTIONS WITH COMPLETE SOLUTIONS
GUARANTEED PASS BRAND NEW 2025
14th Amendment - (answers)passed in 1868 after the Civil War, provides, in part,
that "[n]o State shall . . . deprive any person of life, liberty, or property, without
due process of law."
action at law - (answers)File a complaint, jury or judge, judgement, monetary
damages or property
action in equity - (answers)File a petition, judge, decree, injunction, specific
performance, or rescission
administrative agency - (answers)A federal or state government agency created
by the legislature to perform a specific function, such as to make and enforce
rules pertaining to the environment.
appellant - (answers)The party who takes an appeal from one court to another.
appellee - (answers)The party against whom an appeal is taken—that is, the party
who opposes setting aside or reversing the judgment.
Bill of Rights - (answers)The first ten amendments to the U.S. Constitution.
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binding authority - (answers)Any source of law that a court must follow when
deciding a case.
breaches - (answers)To violate a law, by an act or an omission, or to break a legal
obligation that one owes to another person or to society.
business ethics - (answers)Ethics in a business context; a consensus of what
constitutes right or wrong behavior in the world of business and the application of
moral principles to situations that arise in a business setting.
case law - (answers)The rules of law announced in court decisions. Case law
interprets statutes, regulations, constitutional provisions, and other case law.
categorical imperative - (answers)A concept developed by the philosopher
Immanuel Kant as an ethical guideline for behavior. In deciding whether an action
is right or wrong, or desirable or undesirable, a person should evaluate the action
in terms of what would happen if everybody else in the same situation, or
category, acted the same way.
checks and balances - (answers)The system by which each of the three branches
of the U.S. national government (executive, legislative, and judicial) exercises
checks on the powers of the other branches.
Civil law - (answers)The branch of law dealing with the definition and
enforcement of all private or public rights, as opposed to criminal matters.
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commerce clause - (answers)The provision in Article I, Section 8, of the U.S.
Constitution that gives Congress the power to regulate interstate commerce.
common law - (answers)a body of general rules that applied throughout the
entire English realm
compelling government interest - (answers)A test of constitutionality that
requires the government to have compelling reasons for passing any law that
restricts fundamental rights, such as free speech, or distinguishes between people
based on a suspect trait.
concurring opinion - (answers)A court opinion by one or more judges or justices
who agree with the majority but want to make or emphasize a point that was not
made or emphasized in the majority's opinion.
Constitutional law - (answers)Law that is based on the U.S. Constitution and the
constitutions of the various states.
Corporate social responsibility (CSR) - (answers)The concept that corporations can
and should act ethically and be accountable to society for their actions.
cost-benefit analysis - (answers)A decision-making technique that involves
weighing the costs of a given action against the benefits of the action.
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courts of equity - (answers)A court that decides controversies and administers
justice according to the rules, principles, and precedents of equity.
courts of law - (answers)A court in which the only remedies that can be granted
are things of value, such as money damages. In the early English king's courts,
courts of law were distinct from courts of equity.
Criminal law - (answers)The branch of law that defines and punishes wrongful
actions committed against the public.
cyberlaw - (answers)An informal term used to refer to all laws governing
electronic communications and transactions, particularly those conducted via the
Internet.
damages - (answers)A monetary award sought as a remedy for a breach of
contract or a tortious act.
defendant - (answers)One against whom a lawsuit is brought, or the accused
person in a criminal proceeding.
defense - (answers)Reasons that a defendant offers in an action or suit as to why
the plaintiff should not obtain what he or she is seeking.
dissenting opinion - (answers)A court opinion that presents the views of one or
more judges or justices who disagree with the majority's decision.
WGU BUSINESS LAW FOR ACCOUNTANTS - D216
EXAM QUESTIONS WITH COMPLETE SOLUTIONS
GUARANTEED PASS BRAND NEW 2025
14th Amendment - (answers)passed in 1868 after the Civil War, provides, in part,
that "[n]o State shall . . . deprive any person of life, liberty, or property, without
due process of law."
action at law - (answers)File a complaint, jury or judge, judgement, monetary
damages or property
action in equity - (answers)File a petition, judge, decree, injunction, specific
performance, or rescission
administrative agency - (answers)A federal or state government agency created
by the legislature to perform a specific function, such as to make and enforce
rules pertaining to the environment.
appellant - (answers)The party who takes an appeal from one court to another.
appellee - (answers)The party against whom an appeal is taken—that is, the party
who opposes setting aside or reversing the judgment.
Bill of Rights - (answers)The first ten amendments to the U.S. Constitution.
,2
binding authority - (answers)Any source of law that a court must follow when
deciding a case.
breaches - (answers)To violate a law, by an act or an omission, or to break a legal
obligation that one owes to another person or to society.
business ethics - (answers)Ethics in a business context; a consensus of what
constitutes right or wrong behavior in the world of business and the application of
moral principles to situations that arise in a business setting.
case law - (answers)The rules of law announced in court decisions. Case law
interprets statutes, regulations, constitutional provisions, and other case law.
categorical imperative - (answers)A concept developed by the philosopher
Immanuel Kant as an ethical guideline for behavior. In deciding whether an action
is right or wrong, or desirable or undesirable, a person should evaluate the action
in terms of what would happen if everybody else in the same situation, or
category, acted the same way.
checks and balances - (answers)The system by which each of the three branches
of the U.S. national government (executive, legislative, and judicial) exercises
checks on the powers of the other branches.
Civil law - (answers)The branch of law dealing with the definition and
enforcement of all private or public rights, as opposed to criminal matters.
,3
commerce clause - (answers)The provision in Article I, Section 8, of the U.S.
Constitution that gives Congress the power to regulate interstate commerce.
common law - (answers)a body of general rules that applied throughout the
entire English realm
compelling government interest - (answers)A test of constitutionality that
requires the government to have compelling reasons for passing any law that
restricts fundamental rights, such as free speech, or distinguishes between people
based on a suspect trait.
concurring opinion - (answers)A court opinion by one or more judges or justices
who agree with the majority but want to make or emphasize a point that was not
made or emphasized in the majority's opinion.
Constitutional law - (answers)Law that is based on the U.S. Constitution and the
constitutions of the various states.
Corporate social responsibility (CSR) - (answers)The concept that corporations can
and should act ethically and be accountable to society for their actions.
cost-benefit analysis - (answers)A decision-making technique that involves
weighing the costs of a given action against the benefits of the action.
, 4
courts of equity - (answers)A court that decides controversies and administers
justice according to the rules, principles, and precedents of equity.
courts of law - (answers)A court in which the only remedies that can be granted
are things of value, such as money damages. In the early English king's courts,
courts of law were distinct from courts of equity.
Criminal law - (answers)The branch of law that defines and punishes wrongful
actions committed against the public.
cyberlaw - (answers)An informal term used to refer to all laws governing
electronic communications and transactions, particularly those conducted via the
Internet.
damages - (answers)A monetary award sought as a remedy for a breach of
contract or a tortious act.
defendant - (answers)One against whom a lawsuit is brought, or the accused
person in a criminal proceeding.
defense - (answers)Reasons that a defendant offers in an action or suit as to why
the plaintiff should not obtain what he or she is seeking.
dissenting opinion - (answers)A court opinion that presents the views of one or
more judges or justices who disagree with the majority's decision.
