Exam 1: Todays Business Environment: Law and Ethics

The legal doctrine of stare decisis is generally defined as:

The term "common law" refers to:

Precedent is when:

The doctrine of stare decisis created a more just legal system by working to reduce the prejudices of individual judges.

Common law is based upon actual cases tried in court.

The original or oldest source of law in this country is:

The shift from laws of the past that required discrimination based on race to laws of today that prohibit discrimination based on race show how:

Pressures to improve the ethical "climate" of a company come from:

Which of the following are reflected in some aspect of law:

Campaign contributions by companies are generally illegal and, even if not, considered to be highly unethical.

Contrasted with public law, an example of private law is:

Pressure for managers to behave ethically comes only from the government.

Contrasted with public law, an example of private law is:

Ethics and customs are part of society's informal rules.

The official, public publications of case decisions are called:

The United States Constitution:

Presidents have no legal influence over administrative agencies.

Felonies are generally defined as serious criminal offenses punishable by death or imprisonment for more than a year.

Law may be classified on the basis of whether it is:

The fundamental law of the nation is the: