final exam_bus415 - 1) The Federal Trade Commission is an...

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1) The Federal Trade Commission is an example of A. a branch of the U.S. Supreme Court B. a temporary commission created by executive order that has become permanent C. a corporation subsidized by the federal government D. a federal agency created by the federal government 2) The doctrine of stare decisis concerns A. using constitutional law to render a decision B. staring at the facts of a case for a long time to make sure the correct decision is made. C. making sure to do adequate research before making a legal decision D. following precedents so that legal principles announced in a case are used to determine later cases 3) When statutes are passed only after considerable study, debate, and public input, this is an example of which function of the law? A. Keeping the peace B. Facilitating orderly change C. Shaping moral standards D. Maintaining the status quo 4) Marion owns a dress shop, where she personally makes all the dresses she sells. Marion sees a beautiful dress at a designer shop and buys it. She examines the dress carefully, so she can design a dress pattern to duplicate it. She duplicates the dress exactly, and sews the dress in several sizes to sell in her store for a lower price. Then she returns the dress to the store where she bought it for a full refund. Has Marion acted ethically? A. Yes, because she is competition is fair in a capitalist society B. No, Marion is undercutting the designer shop with merchandise that is deceptively similar. C. No, because she is asking a lower price for her dress D. Yes, the store was not hurt because the designer store’s customers would not go to her store anyway. 5) The Federal False Claims Act is also known as
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A. The Statute of Frauds B. The Whistleblower Statute C. The Statute of Limitations D. The Sarbanes-Oxley Act 6) Which of the following is correct with regard to the relationship between law and ethics? A. Lawful conduct is always ethical conduct. B. The law may not permit something that would be ethically wrong. C. Although much of law is based on ethical standards, not all ethical standards have been enacted as law. D. The rule of law and the golden rule of ethics demand the same response. 7) A defendant fails to answer a civil lawsuit, what is likely to happen? A. The court will dismiss the case. B. The court will grant a default judgment against the defendant. C. The court will order that the defendant go to jail until he or she agrees to answer. D. A court will contact the defendant and ask him to answer the lawsuit. 8) A court can enter a judgment notwithstanding the verdict when the following has happened? A. The judge’s personal opinion is that the jury made the wrong decision. B. The court finds that the jury acted out of a bias or after jury misconduct.
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This note was uploaded on 01/27/2012 for the course BUS 415 BUS 415 taught by Professor Johnsmith during the Summer '10 term at University of Phoenix.

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final exam_bus415 - 1) The Federal Trade Commission is an...

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