Legal Environment of Business Quiz Ch. 1-4

What are the six important goals that laws can serve for a society?

• A) Maintain the status quo, B) Promote social media, C) Protect the majority from minorities, D) Keep the peace

• A) Preserve individual rights, B) Protect the majority from minorities, C) Promote social justice, D) Provide for orderly change

• A) Keep the peace, B) Promote social justice, C) Preserve individual rights, D) Protect minorities from the majority

• A) Promote social media, B) Preserve individual rights, C) Protect the majority from minorities, D) Maintain the status quo

Which legal system relies largely on juries and judges to decide disputes?

• A) Customary Law

• B) Religious Law

• C) Civil Law

• D) Common Law

Henry's Oregon company, Butterfoods, sells food with high butter content.  Butterfoods sued Bethany's Minnesota company, Beth's Soul Food, in federal court for an unpaid invoice of $80,000 for food.  This is an example of a __________________ case.

• A) Federal Question

• B) Diversity Jurisdiction

• C) Personal Jurisdiction

• D) In Rem Jurisdiction

Businesses need to understand the legal environment in order to:

• A) Reduce risk of legal disputes

• B) Navigate the regulatory process

• C) Increase production

• D) a and b

Which of the following is not a form of alternate dispute resolution?

• A) Mediation

• B) Litigation

• D) Arbitration

• D) Negotiation

What is Subject Matter Jurisdiction?

• A) A courts power over a defendant if the defendant is timely served with a complaint and summons, and/or files an answer in a lawsuit, or appears before the court. 

   

• B) Cases involving the Constitution or a federal law; e.g., civil rights, bankruptcy, federal crimes, immigration, treaties, interstate commerce.

• C) The Courts power granted from the Constitution or statue to hear a certain type of case.

• A) and C)

Which branch of the US government is responsible for making laws?

• A) Administrative

• B) Judicial

• C) Executive

• D) Legislative,

Which branch of the US government is responsible for enforcing the laws?

• A) Administrative

• B) Legislative

• C) Judicial

• D) Executive

Which branch of the US government is responsible for interpreting the laws?

• Executive

• Legislative

• Administrative

• Judicial

A Grand Jury is____?

• Larger than a trial jury and determines whether probable case exists and whether it is more likely than not that the defendant committed a crime

• Decides the facts in a case guided by the legal instructions given to them by the judge, and renders a verdict on the claims made in the case before them.

• A person who files a case against another party

• Larger than a trial jury and determines if the Defendant is guilty beyond a reasonable doubt.