Strand 4 Quiz: Business Law - Liebert - S2

What is the difference between a felony and a misdemeanor?

• Felonies are punishable by death or federal prison, while misdemeanors are punishable by confinement to county jail.

• Felonies are less serious crimes than misdemeanors.

• Misdemeanors are punishable by death, while felonies are not.

• Misdemeanors are more severe, while felonies are punishable by less than a year in Jail.

Which of the following is NOT an example of traditional business crime?

• Forgery

• Cyber Vandalism

• Embezzlement

• Bribery

What is a defense commonly used in cases of negligence?

• Insanity

• Entrapment

• Comparative Negligence

• Duress

What is the term for automatic responsibility for damages due to dangerous products, without having to prove negligence?

• Strict Liability

• Contributory Negligence

• Comparative Negligence

• Restitution

Question 5

True or False: Libel is a form of defamation that involves an oral false statement.

• True

• False

True or False: Assumption of risk is a defense in cases of negligence where the plaintiff knowingly and voluntarily assumes the risk of harm.

• True

• False

True or False: Punitive damages are awarded in civil lawsuits to punish the defendant for particularly fraudulent acts.

• True

• False

True or False: Imprisonment is a common remedy in civil law cases.

• True

• False

Which of the following is a type of compensatory (actual) damages?

• a) Punitive damages

• b) Restitution

• c) Damages awarded as a punishment

• d) Damages recovered for actual injury or economic loss