Legal Environment of Business PRE

The U. S. Supreme Court hears cases that involve ____________.

• Constitutional cases

• Civil cases

• Criminal cases

• Tort cases

Local laws passed councils are called ____________.

• Qualification

• Propositions

• Ordinances

• Ratifications

A cashier gives you more change then she should have. The ethical choice is to ____________.

• Donate the money to a worthy cause

• Return the extra money

• Keep the money

• Spend the money

A precedent law:

• is made by a legislature

• Oversees an agency

• is based on customs

• is determine by a court case

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

• Trade secret

• Patent

• Trademark

• Copyright

The exclusive right granted to an inventor to manufacture, use, or sell an invention is a(n) ____________.

• Patent

• Trademark

• Trade secret

• Copyright

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

Laws passed by legislatures are called ____________.

• Statutory laws

• Common laws

• Ordinances

• Precedent laws

John proposes to sell his car to Jan for $500. What element of a contract did John propose?

• Acceptance
• Offer
• Rejection 
• Revocation

Betty lost her wallet at a school ballgame. She offers a reward of $25 to anyone who returns the wallet. What type of contract is this?

• Bilateral
• Implied
• Unilateral
• Void