Management 246 Exam I Richard Parry Questions Well Answered Rated A+

Business Ethics {Ans: What constitutes right or wrong behavior; how moral principles are applied to situations that arise in the workplace.}Jurisdiction in Cyberspace {Ans: 1. Substantial business conducted over the 'net (i.e., contracts and sales); 2. Some interactivity through a Web site 3. Passive advertising}Controlling Precedents {Ans: Binding authorities Include: Constitutions; Statutes; Regulations; Court decisions}The Requirements for Strict Product Liability {Ans: A cause of action will exist only if the following six basic requirements are met: 1. The product is defective when sold by defendant; 2. The defendant must normally be engaged in the business of selling (or distributing) that product; 3. The defect made the product unreasonably dangerous; 4. Physical harm or property damage; 5. Proximate cause; 6. The product must not have been substantially changed from the time the product was sold to the time the injury was sustained.}Basic Judicial Requirements {Ans: Jurisdiction, In Personam Jurisdiction, In rem jurisdiction over property}The Judiciary's Role in American Government {Ans: To interpret and apply the laws}Civil Law {Ans: The duties that exist between persons or between citizens and their governments, excluding the duty not to commit crimes}Legal Realism {Ans: The law is shaped