BUSINESS 124
Central Georgia Tech School
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BUSINESS 124 Business law unit 1 challenge 1 Questions and Answers(100% VERIFIED A+ GRADED )2024 LATEST VERSION
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Business Law Unit 1 Challenges Sophia 
Business Law Unit 1 Challenges Sophia 
Challenge no# 1 
1.The theory of legal realism is based on which of the following? 
 A.) 
Societal norms 
 B.) 
Interpretation and enforcement 
 C.) 
Human rights 
 D.) 
Coercion 
2.The theory of legal positivism is based on which of the following? 
 a.) 
The social construction of laws 
 b.) 
Social and economic interests 
 c.) 
The morality of laws 
 d.) 
Due process 
3.The theory of natural l...
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BUSINESS 124 Section 6-2 - Interest-Blank-1/Sec 6.2 – Simple and Compound Interest Decision Making in Finance
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1. James is borrowing $2000 from his employer and will pay it back at the end of 3 years. The 
employer lending the money asks that James pay simple interest of 3% annually. Using the simple interest 
formula, I=P∙ R∙T , determine how much interest James will have to payback in addition to the $2000 
principal amount. I = P * R * T I = (2000)(.03)(3) payment: 
 Principle, Rate as in decimal, Time in years = $180 $2180 
2. Ryan is investing $9000 in a CD at a bank. If the bank uses simple int...
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BUSINESS 124 Business Law Unit 3 Challenges Sophia Questions and Answers(100% VERIFIED A+ GRADED )2024 LATEST VERSION
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Business Law Unit 3 Challenges Sophia 
Business Law Unit 3 Challenges Sophia 
Unit no #3 
Challenge no 1 
Which of the following is the fundamental definition of property ownership? 
· a.) 
The right to control property 
· b.) 
The possession of property 
· c.) 
The right to exclude others from property 
· d.) 
The right to acquire property 
Which of the following is true of property ownership in the United States? 
· a.) 
Nonhuman legal persons, such as corporations, may own property. 
· ...
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BUSINESS 124 Law Unit 3 Challenges Sophia (1) Question and Answer with a Perfect 100% Accuracy
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Business Law Unit 3 Challenges Sophia 
Unit no #3 
Challenge no 1 
Which of the following is the fundamental definition of property ownership? 
· a.) 
The right to control property 
· b.) 
The possession of property 
· c.) 
The right to exclude others from property 
· d.) 
The right to acquire property 
Which of the following is true of property ownership in the United States? 
· a.) 
Nonhuman legal persons, such as corporations, may own property. 
· b.) 
Property ownership has always been...
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BUSINESS 124 Unit 1 Milestone Questions and Answers(100% VERIFIED A+ GRADED )2024 LATEST VERSION
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UNIT 1 — MILESTONE 1 
1 
Which of the following is an example of a sole proprietorship? 
 
Shawn is a partner in a successful downtown law firm. He has a number of 
clients that he is exclusively responsible for, so he works very hard to make sure 
they're happy with his services. 
 
Matt and Carlene are both owners of a business that sells hand-crafted home 
goods via the Internet. Although they both own the business, Matt is solely 
responsible for the business operations. 
 
Issa ...
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BUSINESS 124 Law Unit 2 Challenges Sophia Questions and Answers(100% VERIFIED A+ GRADED )2024 LATEST VERSION
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Business Law Unit 2 Challenges Sophia 
Business Law Unit 2 Challenges Sophia 
Unit no # 2 
Challenge no #2 
The purpose of contracts is __________. 
· a.) 
to equalize outcomes in capitalistic societies 
· b.) 
to prevent people from making independent choices 
· c.) 
to encourage the exchange of goods and services between people 
· d.) 
to maintain a traditional social hierarchy 
Contracts function as a symbol of __________ in modern society. 
· a.) 
chaos 
· b.) 
individual freedom 
· c...
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Unit 1 Milestone Question and Answer with a Perfect 100% Accuracy
- Exam (elaborations) • 14 pages • 2024
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UNIT 1 — MILESTONE 1 
1 
Which of the following is an example of a sole proprietorship? 
 
Shawn is a partner in a successful downtown law firm. He has a number of 
clients that he is exclusively responsible for, so he works very hard to make sure 
they're happy with his services. 
 
Matt and Carlene are both owners of a business that sells hand-crafted home 
goods via the Internet. Although they both own the business, Matt is solely 
responsible for the business operations. 
 
Issa ...
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