Business Law Part 1- Basics of the Law

It’s essential to learn about Business Law as it affects not only businesses but individuals as well.

• True
• False

As a future professsional it's important to know which of the following?

• The legal system
• How laws impact businesses
• How laws impact consumers
• All of the above

____ is the rules of conduct that state how people should or shouldn’t behave in society to keep stability and justice.

• Courts
• Laws
• Business Laws
• Rules

_______ are rules issued by state or federal administrative agencies.

• Statues
• Constitution
• Administrative Regulations
• Stare decisis

Only citizens can enforce the law.

• True
• False

Laws are created for which reason?

• To protect our general safety
• They help our society resolve disputes civilly
• To protect businesses only.
• They protect our liberties and rights

Business laws are created to protect the liberties and rights of companies and they help establish standards.

• True
• False

______ means acting with integrity by being honest, professional, and fair.

• Unethical
• Ethical
• Morals
• Intregity

What is not an example of being ethical?

• Making good decisions
• Communicating honestly when needed
• Not discriminating
• Showing up when needed

Professional ethics reflect values and behavior within the workplace.

• True
• False