Exam (elaborations)
Test Bank For Business Law: Text and Cases - 15th - 2021 All Chapters - 9780357129630
Test Bank For Business Law: Text and Cases - 15th - 2021 All Chapters
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Seller
Follow
Content preview
,Test Bank For Business Law 15th EditionChapter 1. Law and Legal Reasoning.
Chapter 1. Law and Legal Reasoning.
1. 01: In the United States, the law consists of written laws and c
In the United States, the law consists of written laws and court
decisions.
*a. True
b. False
2. 02: The legal rules that control a businessâ™s actions reflect
The legal rules that control a business’s actions reflect past and
current thinking about how similar businesses should and should not
act.
*a. True
b. False
3. 03: Because laws may change, the ability to analyze and evaluate
Because laws may change, the ability to analyze and evaluate the legal
ramifications of situations as they arise is not a lasting skill.
a. True
*b. False
4. 04: The study of business law does not involve an ethical dimens
The study of business law does not involve an ethical dimension.
a. True
*b. False
5. 05: Compartmentalizing the law into discrete topics indicates th
Compartmentalizing the law into discrete topics indicates that each
business transaction is subject to only one specific area of the law.
a. True
*b. False
6. 06: A constitution is a primary source of law.
A constitution is a primary source of law.
*a. True
b. False
7. 07: A statute is a secondary source of law.
A statute is a secondary source of law.
a. True
*b. False
1
,Test Bank For Business Law 15th Edition
Chapter 1. Law and Legal Reasoning.
8. 08: A secondary source of law establishes the law on a particula
A secondary source of law establishes the law on a particular issue.
a. True
*b. False
9. 09: Courts often refer to secondary sources of law for guidance
Courts often refer to secondary sources of law for guidance in
interpreting and applying a primary source of law.
*a. True
b. False
10. 10: Even if it conflicts with the U.S. Constitution, a state con
Even if it conflicts with the U.S. Constitution, a state constitution
is supreme within that states’ borders.
a. True
*b. False
11. 11: The U.S. Constitution is the basis of all law in the United
The U.S. Constitution is the basis of all law in the United States.
*a. True
b. False
12. 12: Only if a state legislature adopts a uniform law does that l
Only if a state legislature adopts a uniform law does that law become
part of the statutory law of that state.
*a. True
b. False
13. 13: A citation is a regulation enacted by a city or county legis
A citation is a regulation enacted by a city or county legislative
body.
a. True
*b. False
14. 14: A local ordinance commonly has to do with a matter concernin
A local ordinance commonly has to do with a matter concerning only a
local governing unit.
*a. True
b. False
2
, Test Bank For Business Law 15th Edition
Chapter 1. Law and Legal Reasoning.
15. 15: A federal statute applies only to those states that agree to
A federal statute applies only to those states that agree to apply it
within their borders.
a. True
*b. False
16. 16: Congress or a state legislature establishes an administrativ
Congress or a state legislature establishes an administrative agency to
perform a specific function.
*a. True
b. False
17. 17: Independent regulatory agencies are not subject to the autho
Independent regulatory agencies are not subject to the authority of the
president.
a. True
*b. False
18. 18: Rules issued by administrative agencies affect almost every
Rules issued by administrative agencies affect almost every aspect of a
business’s operations.
*a. True
b. False
19. 19: Federal agency regulations do not take precedence over confl
Federal agency regulations do not take precedence over conflicting
state regulations.
a. True
*b. False
20. 20: Administrative law plays a relatively insignificant role in
Administrative law plays a relatively insignificant role in the
regulatory environment of business.
a. True
*b. False
21. 21: The doctrines and principles announced in court decisions go
The doctrines and principles announced in court decisions govern all
areas not covered by statutory or administrative law.
3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller meilleurellamae373090. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $49.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80435 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now