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BUS 404 Stern Final Exam Study Guide | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version In the event of an irreconcilable conflict between federal and state law, the Supremacy clause provides that federal law will preempt state or local law rendering it unconstitutional. (T/F) - True States cannot regulate insurance as this is solely a federal responsibility. (T/F) - False Local government intervention in business typically involves various licensure requirements. (...

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In the event of an irreconcilable conflict between federal and state law, the Supremacy clause provides that federal law will preempt state or local law rendering it unconstitutional. (T/F) - True States cannot regulate insurance as this is solely a federal responsibility. (T/F) - False Local government intervention in business typically involves various licensure requirements. (T/F) - True Administrative law principles are generally applicable to the conduct of state and local governments....