Edmentum: Posttest - An Overview of Business Law & Ethic Quiz

In what circumstance would a violation of consumer protection laws be resolved through criminal courts?

• The violation involved use of a computer.

• The violation involved a warranty.

• The violation involved fraud.

• The violation involved a defect.

Which of the following business actions would likely result in criminal prosecution?

• A waste removal company dumps garbage in a protected federal forest.

• A computer software company refuses to honor coupons it mistakenly printed.

• A lumber yard stops buying products from a long-term supplier.

• A utility company cannot remain profitable and goes into bankruptcy.

The study of rules and regulations that apply to business as they engage in manufacturing or trade is known as _________.

• contract negotiation

• bankruptcy

• business law

• commerce

Which of the following falls under criminal law as it pertains to business?

• A tailor losing the buttons to a shirt

• A design company not providing all due files

• A bakery messing up a couple's wedding cake

• A store selling explosives to minors

Which of the following is an example of a statutory law?

• A presidential executive order

• A court ruling overturning part of a law

• IRS regulatory rules and procedures

• The U.S. Bankruptcy Code

Which of the following sources of law would be most important for resolving a conflict between a business and a client that feels the business violated a contract?

• Criminal law

• International law

• Common law

• Constitutional law

The European Union is an example of which of the following?

• A trade agreement

• A statute

• A tax

• A law

Which of the following sources of law would one look to when studying laws regulating interstate commerce?

• Article III of the U.S. Constitution

• Article I of the U.S. Constitution

• Article II of the U.S. Constitution

• State statutory law

What is the difference between incarceration and probation?

• Incarceration is a longer period of time than probation.

• Incarceration is only for federal level punishment.

• With incarceration, the crime was more serious than with probation.

• Incarceration involves jail time, while probation does not.

Which of these is an example of something restitution would likely be required for?

• A filing fee

• A hospital bill

• A $200 ticket

• A lawyer's fee of $500