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Business Law Obj 1.01(New Curriculum)

Understand ethics and sources of law

AB
EthicsRules used to determine the difference between right and wrong
Greatest GoodExamines whether the action will cause the greatest good for the greatest number of people
Golden Rule"Do unto others as you would have them do unto you"
Consequential Ethical ReasoningAlternative ways to change the current situation by evaluating each alternative and generating the greatest good
Rule Based Ethical ReasoningFundamental ethical rules recognized by authority or human reasoning with the acts themselves judging as right or wrong
Ethics in US Laws and US ConstitutionLaws are judges to be right or good when they affect the majority of the people in a positive manner
The ConstitutionPrinciples by which the government operates. It can be adopted or amended and it is made when the court interprets it
US ConstitutionMain instrument for allocating powers between the people and their governments. It also includes the Bill of Rights.
State Constitution-SovereigntyPower between the federal and state governments.
English Common LawResult of custom-based laws being unified by courts in England
Statutory LawAct of a legislature that declares, prescribes, or commands something. It is specific and is expressed in writing. These are usually called ordinances.
Case LawThis source of law is based on appealed cases. Appellate court issues rullings based on their decision wich sets precedence for similar future cases.
Administrative LawBody of rules created by government agencies such ad Federal Communications Commission(FCC).

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