12 May WHAT IS DISTRIBUTIONAL INTEREST?
If the federal government has chosen
not to regulate an area of interstate commerce that it has the power to
regulate this is referred to as the______________. (Points : 10) Non Regulatory
Clause Dormant
Commerce Clause. The Privileges
and Immunities Clause Implied
PreemptionQuestion 2.2. (TCO 1) The doctrine requiring lower courts to
follow and adhere to precedent established by higher courts is known as
_________________. (Points : 10) Legal Ordinance Administrative
Law Stare Decisis Regulatory
JurisprudenceQuestion 3.3. (TCO 2) Under the ________________ theory of
social responsibility, a corporation must consider the effects its actions have
on persons other than its shareholders. @ Chapter 8, page 162 (Points : 10) Moral Minimum Profit
Maximization Stakeholder
Interest Social JusticeQuestion 4.4. (TCO 3) A long-term unsecured debt instrument
that is based on a corporations general credit standing is known as a
_________________________. (Points : 10) Debt Security Stock Bond DebentureQuestion 5. 5. (TCO 1) Explain the Equal Protection Clause
of the 14th Amendment. (Points : 15) Spellchecker Question 6. 6. (TCO 1) How does the law maximize individual
freedom? (Points : 15) Spellchecker Question 7. 7. (TCO 2) Analyze the business environment that
led to the enactment of the Sarbanes-Oxley Act. (Points : 15) Spellchecker Question 8. 8. (TCO 3) What is distributional interest? A
member of an LLC transfers his distributional interest to his brother. Will his
brother be considered a member of the LLC? Give arguments in support of your
answer. (Points : 15) Spellchecker
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