Question

BUSINESS LAW

44

A key to successful negotiation is to focus and concentrate on areas where the parties agree.

Answers:

True

False

45

Federal courts are generally courts of limited jurisdictiion and occasionally exclusive jurisdictiion.

Answers:

True

False

46

The dispute in a federal question case must involve an amount in dispute of at least $75,000.

Answers:

True

False

47

Based on the evidence presented by both sides, the jury decides the facts of what happened.

Answers:

True

False

48

The discovery phase of litigation is intended to avoid surprises at trial.

Answers:

True

False

49

A party has an unlimited number of pre-emptory and "for cause" juror challenges.

Answers:

True

False

50

The first time the jury learns of the applicable rules of law is after all evidence is presented and immediately before they begin deliberations.

Answers:

True

False

51

Morals are learned only once a person reaches adulthood.

Answers:

True

False

52

Ethics are the application of your morals in real life situations.

Answers:

True

False

53

Profit maximization is the predominant ethical construct of business.

Answers:

True

False

54

Corporations have virtually no influence on lawmaking in the United States because lawmakers are elected and corporations cannot vote.

Answers:

True

False

55

Corporations never engage in irrational behavior because the application of profit maximization makes it impossible.

Answers:

True

False

Answer 1

44. A key to successful negotiation is to focus and concentrate on areas where the parties agree- True

(Negotiation is a long process in which two parties have to be agreed on certain points. Hence the initial step to a healthy negotiation should be that the points that the parties agree on already should be concentrated to take the negotiation further)

45. Federal courts are generally courts of limited jurisdiction and occasionally exclusive jurisdictiion.- True

(Federal courts only hear cases authorized from the federal statutes or the United States constitution hence they are courts of limited jurisdiction. They have exclusive jurisdiction is a limited type of cases like a federal criminal, patent, antitrust, bankruptcy and suits against the US government.)

46. The dispute in a federal question case must involve an amount in dispute of at least $75,000.- True

(There are certain categories that the cases must satisfy before the disputes can proceed in the court, one of them it that the amount involved in the dispute should be at least $75,000.)

47. Based on the evidence presented by both sides, the jury decides the facts of what happened. - True

(In a federal court the jury, consisting of ordinary citizens, decide the final verdict and the judge acts as a referee ruling the issues.)