Page 1

Liberty University BUSI 301 quiz 1 complete solutions

IF You Want To Purchase A+ Work Then Click The BUYNOW BUTTON , Instant Download

BUYNOW $25 1. A state statute mandates that the statute of limitations for a negligence lawsuit is two years and the plaintiff is barred from filing the suit if they file after that time. This statute is an example of a: 2. The U.S. system of common law: 3. Ordinances will preempt state level statutes: 4. Civil law systems reject and prohibit the use of precedent, relying solely on strict interpretations of statutes: 5. A statute of limitations determines the maximum and minimum amounts of monetary relief that may be granted in different types of civil law suits: 6. New York City has passed a law banning smoking of cigarettes and cigars in public bars and restaurants. This law would be defined as a/an: 7. Philip believes that moral values inherent in mankind should form the basis of law and that these principles are a higher authority than man made law. Philip is a proponent of: 8. All statutes have a statutory scheme but not all statutes have a legislative history: 9. When a Pennsylvania appellate court makes a decision, stare decision requires that Delaware trial courts follow the case precedent when a case with a similar fact situation arises. 10. Secondary sources of law: 11. The U.S. system of common law is deep-seated in the French common law established by the Norman kings around 1066:


12. Mega Corporation has developed a strategic plan that calls for an emphasis on appealing to a younger demographic. If it decided that such an appeal to a younger market would necessitate a change in the corporate logo and trademark, such changes would require an understanding of: 13. The source of bankruptcy law is a combination of: 14. Jurisprudence refers to the conducting of a trial and the rendering of a judicial decision: 15. The National Conference of Commissioners on Uniform State Laws (NCCUSL) was formed by the _ _ for the purpose of establishing uniform standards in areas of law where national interests would be achieved through the use of uniform laws. 16. Legal Realism is the oldest form of American jurisprudence and was founded during the American Revolution and forms the basis for the United States Constitution: 17. Alternative dispute resolution, when used to settle a business dispute, is usually not subject to appeal to a court: 18. Equitable remedies are available to compensate injured parties in both civil and criminal lawsuit: 19. In Flagiello v. Pennsylvania Hospital, the court had to balance the hospital's negligence against the charitable immunity doctrine to determine whether Flagiello could recover for injuries sustained on the hospital's property. The court determined that 20. Under the American legal system, subject to some exceptions, costs of litigation regarding both the plaintiff and defendant: 21. Bradley collects historic memorabilia and one of his prized possessions is the pistol used by Aaron Burr in his duel with Alexander Hamilton. After reading an article in a magazine Bradley discovers that Sam owns the matching pistol, used by Hamilton in the duel. Bradley contacts Sam and offers him $500,000 for the pistol. Sam e-mails Bradley that he accepts his offer but the transaction must be for cash and face to face. Bradley responds that he'll be at Sam's home at noon the next day with the money. When he arrives, Sam informs him that he's received an offer of $600,000 for the pistol and Bradley must pay that amount or he'll sell to the other buyer. Bradley wants the weapon to complete the set. If he sues Sam, what course of action will best provide him the results he desires?


22. Jurisprudence is defined as: 23. Joshua is a highly accomplished soccer player and a successful coach. He is often hired by other coaches to run soccer clinics and soccer camps for their teams. If Joshua decides to incorporate and sell stock to finance the corporation, the area of law that he would need to be aware of with regard to the stock sales would be: 24. The source of each of the following types of law is primarily statutory except: 25. Criminal law is designed to compensate parties for money lost as a result of another's unlawful conduct: 26. Which of the following is not a challenge to the concept that values management programs should not be given priority in the corporate world? 27. In Grimshaw v. Ford Motor Company, if Ford had made the repairs to the cars, diminishing profit but enhancing customer safety, which theory of corporate social responsibility would Ford have been exhibiting? 28. As of today, the Enron bankruptcy remains as the largest corporate bankruptcy in America's history: 29. Codes of ethics are insufficient and do not serve their proper purpose if they are intended only to ensure that company policies are legal: 30. Linda's company has a code of ethics and a separate code of conduct. If she would like to be sure that she complies with the company dress code she would reference the code of ethics: 31. Mighty Motors is a major automobile manufacturer with assembly plants in small towns throughout the United States. Mighty Motors is suffering losses in the current economy and has decided to stop manufacturing the Mighty Brute, an SUV with horrible gas mileage that simply isn't selling. They will also be closing the only plant that is exclusively dedicated to manufacturing the Brute. This particular assembly plant is the primary employer in the town that it is located in. Who, among the following would be considered a secondary stakeholder in this decision 32. AIG caused a major political firestorm when, after receiving taxpayer bailout money, they distributed $165 million in performance bonuses to executive employees:


33. KAM Corp has separate Codes of Ethics and Conduct. Each of the following would likely be included in their Code of Ethics except: 34. As a result of the AIG bailout, the U.S. Government received a/an ____80%____ stake in the company. 35. A particular act can be deemed unethical yet still be legal: 36. Ethical misconduct includes not only illegal and unethical practices but also includes questionable practices of managers and organizations: 37. The categorical imperative test consists of: 38. The moderate view of assessing corporate citizenship believes that: 39. The terms morals and ethics are synonymous: 40. A comprehensive values management program may be used in managing a corporation's diversity program: 41. Enron Corporation was a multinational conglomerate with a core business of: 42. Honoring ethical values, respecting communities and the environment while recognizing the interest in its shareholders are elements of corporate citizenship: 43. Leah has just handed in a major required report to her professor and after careful scrutiny, the professor finds numerous instances of plagiarism. If the school policy and the professor's personal perspective follow a principles-based approach, Leah should be charged and suffer whatever penalty is prescribed by school policy: 44. Sara is broke but needs a gown to go to a formal dance sponsored by her company. She goes to a local dress shop and purchases an expensive gown she cannot afford. She wears the gown to the event tucking in and hiding the price tag rather than removing it. She dances all night and the next day goes back to the shop and returns the dress. The store's policy is that they will accept returns for thirty days as long as the price tag is still attached: 45. Faber College, founded in 1904 is an integral part of its surrounding community. Which of the following is a primary stakeholder in Faber College? 46. A forum selection clause: 47. The Federal Circuit Court of Appeals, located in Washington D.C., has exclusive jurisdiction to hear appeals from federal courts of appeals throughout the country prior to their appeal to the U.S. Supreme Court:


48. Which of the following will not create minimum contacts in a state sufficient to find personal jurisdiction on an out-of-state defendant? The principal federal trial court is the: 49. In Keeton v. Hustler Magazine, the New Hampshire court determined that: 50. In Mink v. AAAA Development LLC, the court refused to grant personal jurisdiction over AAAA because: 51. The physical presence of an out-of-state party in a particular state is generally an automatic basis for jurisdiction over the defendant by both that state's courts and the federal trial court within that state: 52. Christine is a resident of Delaware and while shopping in Pennsylvania, is assaulted by Puuki, a New Jersey resident. Ordinarily, venue in this case would originally be in: 53. With regard to establishing minimal contacts to establish jurisdiction regarding out-of-state companies that advertise and sell products over the Internet, which of the following is not a true statement? 54. A state probate court which hears only wills and estate matters is generally described as having limited authority or jurisdiction: 55. In Estate of Weingeroff v. Pilatus Aircraft, the plaintiff's representative brought a diversity action against Pilatus, a Swiss company that manufactured the plane that crashed killing Weingeroff. The court decided that: 56. The majority of cases filed in the U.S. are filed in state courts: 57. Because it is not a state, cases arising in Washington D.C. are heard by: 58. Federal court judges are: 59. With regard to federal question jurisdiction: 60. According to the Zippo standard, any website that is in any way interactive with customers will be sufficient to create personal jurisdiction over a nonresident company: 61. Which of the following situations will create diversity jurisdiction? 62. The ultimate arbiter of federal law is: 63. When an attorney requests a change of venue they are asking: 64. In Estate of Weingeroff v. Pilatus Aircraft, the fact that Pilatus had purchased over $1,000,000 in products and services from Pennsylvania suppliers was not sufficient to establish minimum contacts or show purposeful availment in Pennsylvania, sufficient to establish personal jurisdiction:

Liberty university busi 301 quiz 1 complete solutions  
Read more
Read more
Similar to
Popular now
Just for you