Business Law > QUESTIONS & ANSWERS > Business Law (Chapters 1-20) Practice Terms with Complete Answers (All)

Business Law (Chapters 1-20) Practice Terms with Complete Answers

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Morality Correct Answer Values that govern a society's attitude toward right and wrong Ethics Correct Answer Means for determining what a society's values ought to be Honesty Correct Answer Char... acter trait of a person who is open and truthful in dealing with others Justice Correct Answer Ability to treat all people fairly Compassion Correct Answer Sympathy towards the difficulties of others Integrity Correct Answer Willingness to do the right thing regardless of personal consequences Law Correct Answer System of rules of conduct established by the government of a society to maintain stability and justice Judge Correct Answer Jury Correct Answer Constitution Correct Answer Document that spells out the principles by which the government operates Common Law Correct Answer Decisions of the early law courts developed in England based on customs (Old Law) Precedent Correct Answer A judge is required to follow an earlier court decision when deciding a case with similar circumstances. *Stare Decisis* (Let the decision stand) Statutes Correct Answer Laws specifically passed by a governing body that has Been created for a stated purpose Legislature Correct Answer The body of lawmakers of each state that is responsible for making statutory laws Unconstitutional Correct Answer Any action or law that goes against the U.S. constitution [Show More]

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