Business Law Quiz

What is the primary goal of business law?

• A. To help businesses make more money
• B. To avoid paying taxes
• C. To ensure fairness, protect rights, and resolve disputes
• D. To reduce employee wages

Why is it important to learn about business law?

• A. It helps you get into law school
• B. It only applies to business owners
• C. It affects everyday life situations like getting a job or buying a phone
• D. It is required for tax purposes

Which of the following is not one of the main types of business law covered in this unit?

• A. Criminal law
• B. Contract law
• C. Employment law
• D. Consumer protection law

What are the three required parts of a valid contract?

• A. Offer, employment, protection
• B. Offer, acceptance, consideration
• C. Payment, promise, penalty
• D. Agreement, salary, safety

An example of a contract would be:

• A. Returning a defective product
• B. Suing a business for false advertising
• C. Agreeing to mow a lawn for $20
• D. Posting a job opening

Employment laws are designed to:

• A. Let employers set their own rules
• B. Ensure employees work overtime
• C. Protect workers’ rights and define employer responsibilities
• D. Avoid government involvement in hiring

Which of the following is protected under employment laws?

• A. Right to invest in the company
• B. Right to free healthcare
• C. Right to breaks and fair pay
• D. Right to choose your coworkers

Consumer protection laws ensure that:

• A. Employees get time off
• B. Products are expensive
• C. Advertising is honest and products are safe
• D. Business owners can advertise freely

Which agency helps enforce consumer protection laws?

• A. IRS
• B. FBI
• C. FTC (Federal Trade Commission)
• D. EPA

A company that says "Unlimited Data" but slows speeds after 10GB may be violating:

• A. Contract laws
• B. Employment laws
• C. Consumer protection laws
• D. Intellectual property laws