Business Law - Chapter 1

_____ is a system of rules of conduct established by a country’s government to maintain stability and justice.

• Ethics

• Law

• Morality

_____ involves the values that govern a group’s ideas about right and wrong.

• Ethics

• Law

• Morality

_____ refers to the rules used to determine the difference between right and wrong.

• Ethics

• Law

• Morality

Which of the following are character traits of ethical behavior (check all that apply)?

• Compassion

• Disloyalty

• Justice

• Honesty

• Integrity

Changes in law can help people adjust their ideas on what is ethical.

• True

• False

Changes in ethics can help make new laws or get rid of old laws.

• True

• False

Federal courts have jurisdiction over cases which involve citizens of different states and in which the amount of money in dispute exceeds _____.

• $50,000

• $25,000

• $100,000

• $75,000

In the Federal Court System, this court is where most federal cases begin.

• Court of Appeals

• District Court

• US Supreme Court

In the Federal Court System, this court is the highest court in the country.

• Court of Appeals

• District Court

• US Supreme Court

In the Federal Court System, this court reviews cases from the lower courts.

• Court of Appeals

• District Court

• US Supreme Court