CSR 3 - Quiz 1 (Business Law)

You'll never have negative consequences if you make an ethical choice, such as pointing out a mistaken school grade or confessing you broke something.

• True - correct behavior, like making ethical choices, will always be rewarded.

• False - even if you make the right choices, you still may suffer from your actions.

After work John is planning to do some of his job tasks at home to get back on schedule. But he needs some office supplies at home. To save time and a trip to the store, he decides to take the supplies from work. Is John's action ____________.

• Ethical

• Unethical

• Illegal

While a law is still in the legislature, it is called a ____________.

• Law

• Statue

• Bill

Laws issued by a government agency are ____________ laws.

• Regulatory

• Custom

• Statutory

• Administrative

A business organization that has members is a(n) ________.

• LLC

• Corporation

• Sole proprietorship

• Partnership

_______ protects the name and identifying symbol of a product or company.

• Trademark

• Copyright

• Patent

• Trade secret

Original works are protected by ___________

• Trademark

• Copyrights

• Patent

• Contract

A(n) _______ is one in which some of the terms are not expressed in words.

• Verbal contract

• Oral contract

• Written contract

• Implied contract

An oral contract is _______.

• Not for money

• Not enforceable

• Legal

• Not legal

A business organization where the owners are personally responsible for the business debts a(n) ________.

• LLC

• Sole proprietorship

• Partnership

• C Corporation