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Business Law - Chapter 1 - Foundations of Law

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

The laws, or enforceable rules of conduct in a society, reflect the culture and circumstances that create them.

a)

True

b)

False

2.

Laws in this country are created at the federal, state and local level.

a)

True

b)

False

3.

The Supreme Court of the US is the final interpreter of the federal Constitution.

a)

True

b)

False

4.

Ethical reasoning about right and wrong is based solely on consequences.

a)

True

b)

False

5.

Administrative agencies are usually controlled by the executive branch of the government.

a)

True

b)

False

6.

The goal of civil disobedience is to advance the self-interest of one group over another.

a)

True

b)

False

7.

The system of law in the US is based on English common law.

a)

True

b)

False

8.

Stare Decesis requires upper courts to follow established case law in deciding similar cases.

a)

True

b)

False

9.

In the US, law and equity courts generally

a)

stand alone

b)

are merged

10.

The document that sets forth the framework of a government and its relationship to the people it governs is

a)

a constitution

b)

an ordinance

c)

the Uniform Commercial Code

d)

the Bill of Rights

11.

Which of these is based on the current standards or customs of the people?

a)

common law

b)

positive law

c)

civil law

d)

codes

12.

Which of these is dictated from above by a sovereign or other central authority?

a)

common law

b)

positive law

13.

Which of the following will police investigate? (Hint: because they're against society)

a)

civil matters

b)

intrastate matters

c)

criminal matters

d)

interstate matters

14.

With fundamental ethical rules, the standard for judging usually comes from

a)

human reasoning

b)

rules and regulations

c)

standards, guidelines

d)

recognized authority

15.

Business laws greatly affect

a)

business firms

b)

both businesses and consumers

c)

consumers

d)

neither businesses nor consumers

16.

Group of laws in an organized form is called a code

a)

True

b)

False

17.

Intrastate commerce is commerce between two or more states.

a)

True

b)

False

18.

The power to decide a case is termed

a)

jurisdiction

b)

sanction

c)

fiat

d)

long arm of the law

19.

Which form of ethical reasoning can make a situation unethical even if it brings about a good result?

a)

consequences-based

b)

rule-based

20.

An open, peaceful violation of a law to protest its alleged, or supposed, injustice is referred to as

a)

political protest

b)

ethical posturing

c)

civil riot

d)

civil disobedience