NAU ACC 205 FINAL EXAM QUESTIONS
WITH CORRECT ANSWERS
Act of state doctrine - ANSWER-judicial branch of one government will not examine
validity of public acts committed by foreign government
administrative agency - ANSWER-state, local, or federal; given power through
Congress through enabling legislation; created for implementation of statutes(laws)
administrative law judge - ANSWER-one who presides over an administrative agency
hearing and has the power to administer oaths, take testimony, rule on questions of
evidence, and make determinations of fact
commerce clause - ANSWER-Congress/ federal government can regulate interstate
commerce
dormant commerce clause - ANSWER-implied that because Congress/ federal
government has the power to regulate interstate commerce, the states do not
corporate social responsibility - ANSWER-combines good citizenship with ethical
decisions, improving society, and minimizing environmental impacts; not a law but
encouraged
C--COVER (what it stands for) - ANSWER-codes of conduct
C--codes of conduct - ANSWER-the application of specific codes/ statutes of a
profession
O--COVER (what it stands for) - ANSWER-outcomes
O--outcomes - ANSWER-greatest amount of good for the greatest number of people
(outcome based analysis/ utilitarianism/ cost/benefit analysis)
V--COVER (what it stands for) - ANSWER-values
V--values - ANSWER-reflected in a company's mission statement
E--COVER (what it stands for) - ANSWER-editorial
E--editorial - ANSWER-if your decision was publicized, would you still make the same
decision? (looking on a big scale)
R--COVER (what it stands for) - ANSWER-rules
, R--rules - ANSWER-applies a universal standard; categorical imperative: what if
everyone followed or didn't follow a rule (stealing a pen)
diversity jurisdiction/ diversity of citizenship - ANSWER-the power of the federal courts
to hear matters of state law if the opposing parties are from different states and the
amount in controversy exceeds $75,000
doctrine of sovereign immunity - ANSWER-immunizes foreign nations from the
jurisdiction of US courts (if a criminal flees to a foreign country, the foreign country must
send them home (cannot hold trial in their country))
due process clause (14th amendment) - ANSWER-"[n]o state shall...deprive any person
of life, liberty, or property, without due process of law..."
procedural due process - ANSWER-right to a fair trial; government must give proper
notice and an opportunity to be heard before punishment
substantive due process - ANSWER-government cannot take away your rights; laws
must be clear, fair, reasonable, and have a valid purpose
federal jurisdiction - ANSWER-must be a federal question of law; must have diversity of
citizenship + $75,000
free exercise clause - ANSWER-prohibits Congress from prohibiting freedom of religion
commercial speech - ANSWER-advertising; regulated to a certain extent; must be
truthful and not misleading
corporate political speech - ANSWER-fully protected; same as if for an individual
unprotected speech (types) - ANSWER-slander/ defamation (false, harmful statements)
violates criminal laws
fighting words (incite violence)
obscene speech
in personam jurisdiction - ANSWER-court jurisdiction over the persons of a legal action;
aka personal jurisdiction
in rem jurisdiction - ANSWER-court jurisdiction over a defendant's property
independent agencies - ANSWER-administrative agency that is not considered part of
the government's executive branch and is not subject to the authority of the president;
officials cannot be removed without cause
WITH CORRECT ANSWERS
Act of state doctrine - ANSWER-judicial branch of one government will not examine
validity of public acts committed by foreign government
administrative agency - ANSWER-state, local, or federal; given power through
Congress through enabling legislation; created for implementation of statutes(laws)
administrative law judge - ANSWER-one who presides over an administrative agency
hearing and has the power to administer oaths, take testimony, rule on questions of
evidence, and make determinations of fact
commerce clause - ANSWER-Congress/ federal government can regulate interstate
commerce
dormant commerce clause - ANSWER-implied that because Congress/ federal
government has the power to regulate interstate commerce, the states do not
corporate social responsibility - ANSWER-combines good citizenship with ethical
decisions, improving society, and minimizing environmental impacts; not a law but
encouraged
C--COVER (what it stands for) - ANSWER-codes of conduct
C--codes of conduct - ANSWER-the application of specific codes/ statutes of a
profession
O--COVER (what it stands for) - ANSWER-outcomes
O--outcomes - ANSWER-greatest amount of good for the greatest number of people
(outcome based analysis/ utilitarianism/ cost/benefit analysis)
V--COVER (what it stands for) - ANSWER-values
V--values - ANSWER-reflected in a company's mission statement
E--COVER (what it stands for) - ANSWER-editorial
E--editorial - ANSWER-if your decision was publicized, would you still make the same
decision? (looking on a big scale)
R--COVER (what it stands for) - ANSWER-rules
, R--rules - ANSWER-applies a universal standard; categorical imperative: what if
everyone followed or didn't follow a rule (stealing a pen)
diversity jurisdiction/ diversity of citizenship - ANSWER-the power of the federal courts
to hear matters of state law if the opposing parties are from different states and the
amount in controversy exceeds $75,000
doctrine of sovereign immunity - ANSWER-immunizes foreign nations from the
jurisdiction of US courts (if a criminal flees to a foreign country, the foreign country must
send them home (cannot hold trial in their country))
due process clause (14th amendment) - ANSWER-"[n]o state shall...deprive any person
of life, liberty, or property, without due process of law..."
procedural due process - ANSWER-right to a fair trial; government must give proper
notice and an opportunity to be heard before punishment
substantive due process - ANSWER-government cannot take away your rights; laws
must be clear, fair, reasonable, and have a valid purpose
federal jurisdiction - ANSWER-must be a federal question of law; must have diversity of
citizenship + $75,000
free exercise clause - ANSWER-prohibits Congress from prohibiting freedom of religion
commercial speech - ANSWER-advertising; regulated to a certain extent; must be
truthful and not misleading
corporate political speech - ANSWER-fully protected; same as if for an individual
unprotected speech (types) - ANSWER-slander/ defamation (false, harmful statements)
violates criminal laws
fighting words (incite violence)
obscene speech
in personam jurisdiction - ANSWER-court jurisdiction over the persons of a legal action;
aka personal jurisdiction
in rem jurisdiction - ANSWER-court jurisdiction over a defendant's property
independent agencies - ANSWER-administrative agency that is not considered part of
the government's executive branch and is not subject to the authority of the president;
officials cannot be removed without cause
