Business Law Unit 1

Governing rules and regulations passed by a city council or county government are referred to as...

• Statutes

• Ordinances

• case law

• promulgations

Which of the following is true regarding federal case law?

• Created by legislature

• Created after a trail has ended and one of the parties appeals case to a higher court

• Created by the judicial branch.

• Both B and C

Rule-based ethical reasoning

• focuses on the consequences of an action and alternatives to it

• when a law is violated, many more people are injured than are benefited.

• Can be unethical even if it brings about a good result

• is the major feature in which the US system of democracy is grounded.

How many stages do societies transition through while forming their legal system?

• 2

• 4

• 6

• 8

Which of these is based on the current standards or customs of the people?

• Civil Law

• Positive Law

• Codes

• Common Law

An open, peaceful violation of a law to protest its alleged, or supposed, injustice is referred to as

• Political Protest

• Civil Riot

• Civil Disobedience

• Ethical Posturing

Laws made by administrative agencies are often called

• Ordinances

• Rules and Regulations

• Standards

• Guidelines

Which of these terms describes using prior cases as a guide for deciding similar new cases

• Injunction

• Code

• Precedent

• Jursicition

Business Law mainly is concerned with ________ governing contracts, property, and many other business-related areas.

• Civil Law

• Criminal Law

• Substantive Law

• Procedural Law

States may regulate _______

• Interstate Commerce

• Intrastate Commerce

• Foreign Commerce

• All of the above