Question 1

State constitutions:

Accepted Answer

A)  must be approved by majority vote in Congress 
B)  must be approved by a two-thirds vote of Congress 
C)  are the highest form of law within each state 
D)  tend to be much shorter than the U.S. Constitution 
E)  all of the other choices are correct 
A)  must be approved by majority vote in Congress 
B)  must be approved by a two-thirds vote of Congress 
C)  are the highest form of law within each state 
D)  tend to be much shorter than the U.S. Constitution 
E)  all of the other choices are correct

Question 2

Which of the following is an example of a criminal felony?

Accepted Answer

A)  homicide 
B)  fiduciary duty 
C)  invasion of privacy 
D)  intentional breach of contract 
E)  trespass 
A)  homicide 
B)  fiduciary duty 
C)  invasion of privacy 
D)  intentional breach of contract 
E)  trespass

Question 3

If a criminal offense is punishable by imprisonment for more than a year, it is probably a:

Accepted Answer

A)  tort 
B)  defamation 
C)  felony 
D)  misdemeanor 
E)  breach of contract 
A)  tort 
B)  defamation 
C)  felony 
D)  misdemeanor 
E)  breach of contract

Question 4

Civil law originated in:

Accepted Answer

A)  the Roman Empire 
B)  the Ottoman Empire 
C)  ancient China 
D)  Portugal 
E)  Britain 
A)  the Roman Empire 
B)  the Ottoman Empire 
C)  ancient China 
D)  Portugal 
E)  Britain

Question 5

The separation of powers determined by the U.S. Constitution allocated powers between the federal courts and the state courts.

Accepted Answer

A) True 
 B)False

Question 6

To help create an improved internal ethical environment many companies now use:

Accepted Answer

A)  administrative law judges 
B)  off-duty police 
C)  corporate compliance programs 
D)  commercial codes 
E)  litigation specialists 
A)  administrative law judges 
B)  off-duty police 
C)  corporate compliance programs 
D)  commercial codes 
E)  litigation specialists

Question 7

Common law is:

Accepted Answer

A)  the law generally applied world wide 
B)  the law that everyday citizens, but not government officials, must follow 
C)  the foundation of agency, contract, property and tort law 
D)  the foundation of criminal law 
E)  none of the other choices 
A)  the law generally applied world wide 
B)  the law that everyday citizens, but not government officials, must follow 
C)  the foundation of agency, contract, property and tort law 
D)  the foundation of criminal law 
E)  none of the other choices

Question 8

Substantive, as opposed to procedural, law includes:

Accepted Answer

A)  antitrust law 
B)  administrative procedure 
C)  civil procedure 
D)  criminal procedure 
E)  none of the other choices are correct 
A)  antitrust law 
B)  administrative procedure 
C)  civil procedure 
D)  criminal procedure 
E)  none of the other choices are correct

Question 9

Statutory law comes from:

Accepted Answer

A)  Senate resolutions 
B)  state legislatures 
C)  Executive Orders 
D)  the Supreme Court 
E)  all other choices are correct 
A)  Senate resolutions 
B)  state legislatures 
C)  Executive Orders 
D)  the Supreme Court 
E)  all other choices are correct

Question 10

What part of the Constitution provides that all power to make laws for the federal government shall be held by Congress?

Accepted Answer

A)  Article II, Section 3. 
B)  Article II, Section 1. 
C)  Article I, Section 2. 
D)  Article II, Section 2. 
E)  none of the other choices 
A)  Article II, Section 3. 
B)  Article II, Section 1. 
C)  Article I, Section 2. 
D)  Article II, Section 2. 
E)  none of the other choices

Question 11

Contrasted with public law, an example of private law is:

Accepted Answer

A)  administrative law 
B)  securities regulation 
C)  contract law 
D)  environmental law 
E)  all of the other choices are private law 
A)  administrative law 
B)  securities regulation 
C)  contract law 
D)  environmental law 
E)  all of the other choices are private law

Question 12

The objective of the criminal law is to compensate victims of crimes.

Accepted Answer

A) True 
 B)False

Question 13

The common law in the United States began in:

Accepted Answer

A)  France, at the time of the French revolution 
B)  England, before colonial times in America 
C)  Russia, at the time of the Russian revolution 
D)  the U.S., after the Declaration of Independence 
E)  Italy in the lex mercatoria 
A)  France, at the time of the French revolution 
B)  England, before colonial times in America 
C)  Russia, at the time of the Russian revolution 
D)  the U.S., after the Declaration of Independence 
E)  Italy in the lex mercatoria

Question 14

Which of the following are reflected in some aspect of law:

Accepted Answer

A)  honesty and integrity are reflected by family law 
B)  respect for other people and their property is reflected in agency law 
C)  some measures of acceptable behavior are reflected in tort and property law 
D)  all of the other specific choices 
E)  none of the other specific choices 
A)  honesty and integrity are reflected by family law 
B)  respect for other people and their property is reflected in agency law 
C)  some measures of acceptable behavior are reflected in tort and property law 
D)  all of the other specific choices 
E)  none of the other specific choices

Question 15

A misdemeanor is:

Accepted Answer

A)  a more serious offense than a felony 
B)  a violation of contract law 
C)  equivalent to a felony 
D)  a violation of private law 
E)  none of the other choices 
A)  a more serious offense than a felony 
B)  a violation of contract law 
C)  equivalent to a felony 
D)  a violation of private law 
E)  none of the other choices

Question 16

Which of the following concerns legal wrongs committed against the government:

Accepted Answer

A)  tort law 
B)  procedural law 
C)  ethical law 
D)  private law 
E)  criminal law 
A)  tort law 
B)  procedural law 
C)  ethical law 
D)  private law 
E)  criminal law

Question 17

Integrity means:

Accepted Answer

A)  thinking things through before making decisions 
B)  not living by a moral code, but maintaining a certain standard of ethics 
C)  living by a moral code and standards of ethics 
D)  all of the other specific choices 
E)  none of the other specific choices 
A)  thinking things through before making decisions 
B)  not living by a moral code, but maintaining a certain standard of ethics 
C)  living by a moral code and standards of ethics 
D)  all of the other specific choices 
E)  none of the other specific choices

Question 18

An administrative agency is created when the:

Accepted Answer

A)  legislative branch delegates some authority to a group or agency 
B)  legislative branch enacts a law specifying the duties and responsibilities of an agency 
C)  executive branch delegates some of its authority to a group or agency 
D)  the President creates an office by Executive Order 
E)  all of the other choices can be correct 
A)  legislative branch delegates some authority to a group or agency 
B)  legislative branch enacts a law specifying the duties and responsibilities of an agency 
C)  executive branch delegates some of its authority to a group or agency 
D)  the President creates an office by Executive Order 
E)  all of the other choices can be correct

Question 19

Common law changes only by acts of the legislature.

Accepted Answer

A) True 
 B)False

Question 20

By the use of laws and the legal system, the government can:

Accepted Answer

A)  change acceptable behavior 
B)  instruct people on what is allowed in certain circumstances 
C)  encourage certain types of business activity 
D)  impose sanctions to try to eliminate certain business activities 
E)  all of the other choices are included 
A)  change acceptable behavior 
B)  instruct people on what is allowed in certain circumstances 
C)  encourage certain types of business activity 
D)  impose sanctions to try to eliminate certain business activities 
E)  all of the other choices are included

Exam 1: Todays Business Environment: Law and Ethics

State constitutions:

Which of the following is an example of a criminal felony?

If a criminal offense is punishable by imprisonment for more than a year, it is probably a:

Civil law originated in:

The separation of powers determined by the U.S. Constitution allocated powers between the federal courts and the state courts.

To help create an improved internal ethical environment many companies now use:

Common law is:

Substantive, as opposed to procedural, law includes:

Statutory law comes from:

What part of the Constitution provides that all power to make laws for the federal government shall be held by Congress?

Contrasted with public law, an example of private law is:

The objective of the criminal law is to compensate victims of crimes.

The common law in the United States began in:

Which of the following are reflected in some aspect of law:

A misdemeanor is:

Which of the following concerns legal wrongs committed against the government:

Integrity means:

An administrative agency is created when the:

Common law changes only by acts of the legislature.

By the use of laws and the legal system, the government can:

The Court Systems

Trials and Resolving Disputes

The Constitution: Focus on Application to Business

Criminal Law and Business

Elements of Torts

Business Torts and Product Liability

Real and Personal Property

Intellectual Property

Contracts

Domestic and International Sales

Business Organizations

Negotiable Instruments, Credit, and Bankruptcy

Agency and the Employment Relationship

Employment and Labor Regulations

Employment Discrimination

The Regulatory Process

Securities Regulation

Consumer Protection

Antitrust Law

Environmental Law

The International Legal Environment of Business

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