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Business Law final

Total questions: 58

Worksheet time: 30mins

Name
Class
Date
1.

A punishable offense against society is called a? (*BL.CL.1,2,)

a)

Civil

b)

Crime

c)

Criminal

d)

Felony

2.

Offenses committed in the business world are called... (*BL.CL.1,2,3,4,5,6,7,8)

a)

Blue Collar Crimes

b)

White Collar Crimes

c)

Business Crimes

d)

Computer Crimes

3.

A reasonable ground for belief is (*BL.CL.1,2,3,4,5,6,7,8)

a)

Intent

b)

Probable Cause

c)

Self-Defense

d)

Defense

4.

A legal position taken by the accused is the (*BL.CL.1,2,3,4,5,6,7,8)

a)

Defense

b)

Prosecutor

c)

Subpoena

d)

Self-Defense

5.

When an accused person agrees to plead guilty to a less serious crime in order to get a serious charge dropped (*BL.CL.1,2,3,4,5,6,7,8)

a)

Bargain

b)

Bail Bargain

c)

Plea Bargain

d)

Contempt of Court

6.

A system of law concerned with the punishment of those who commit crimes. (*BL.CL.1,2,3,4,5,6,7,8)

a)
Social Order
b)
Criminal Law
c)
Civil Law
d)
Constitutional Law
7.

Who is the person against whom the crime has been committed?(*BL.CL.1,2,3,4,5,6,7,8)

a)

Victim

b)

Defendant

c)

Bailiff

d)

Prosecutor

8.

Person who gives evidence that is related to the facts of a trial (*BL.CL.1,2,3,4,5,6,7,8)

a)

Trial

b)

Prosecutor

c)

Plaintiff

d)

Witness

9.

If Consumer Laws weren't in place, some businesses might be tempted to be a bit dishonest. (BLCON.1,2,3,4,5,6,7,8,9,10,11)

a)

True

b)

False

10.

___________________ are the individuals who purchase goods or services for personal use. (BLCON.1,2,3,4,5,6,7,8,9,10,11)

a)

Buyers

b)

Consumers

c)

Constituents

d)

Clients

11.

Identify the name of the law that gives consumers rights when purchasing goods, services and digital content (BLCON.1,2,3,4,5,6,7,8,9,10,11)

a)

Equality Act 2010

b)

Data Protection Act 1998

c)

Consumer Rights Act 2015

d)

Employment Rights Act 1996

12.

If goods or services are not fit for purpose, of satisfactory quality or as described, what could a customer be entitled to? (BLCON.1,2,3,4,5,6,7,8,9,10,11)

a)

A refund only

b)

A repair, refund or replacement.

c)

Nothing, its not the businesses fault.

13.

A consumer buys a pair of glasses and drops them resulting in the frame being damaged, do they have any rights under the Consumer Rights Act 2015? (BLCON.1,2,3,4,5,6,7,8,9,10,11)

a)

Yes

b)

No

14.

If a hairdresser cuts your ear whilst cutting your hair, what have they not shown? (BLCON.1,2,3,4,5,6,7,8,9,10,11)

a)

Work was not carried out at a reasonable cost

b)

The work was not carried out in a reasonable time

c)

Reasonable care and skill was not shown to the consumer

15.

If there has been a failure in the services bought by a consumer, you are entitled to either the service repeated but better or a price reduction - true or false? (BLCON.1,2,3,4,5,6,7,8,9,10,11)

a)

True

b)

False

16.

The industry involved in buying goods and selling them to the public. (BLEM.1,2,3,4,5,6,7,8)

a)

shopping

b)

retail

c)

wholesale

d)

detalistic

17.

The employees obligation not to tell anyone about certain information that belongs to the employer. (BLEM.1,2,3,4,5,6,7,8)

a)

non-competition

b)

duty of care

c)

confidentiality

d)

disclousure

18.

Behaving in a way that makes someone feel very unhappy or uncomfortable, bullying. (BLEM.1,2,3,4,5,6,7,8)

a)

harassment

b)

discrimination

c)

appraisal

d)

grievance

19.

______________ is all laws passed by a government or organisation such as European Union. (BLEM.1,2,3,4,5,6,7,8)

a)

Jurisdiction

b)

Acts

c)

Rules and regulations

d)

Legistation

20.

A ______________ is an organisation of workers who unite for better pay or working conditions. (BLEM.1,2,3,4,5,6,7,8)

a)

union or workers

b)

work association

c)

trade union

d)

job union

21.

If you are ill and you are away from work your employer is obliged to pay you ________ pay for a certain period of time. (BLEM.1,2,3,4,5,6,7,8)

a)

sickness

b)

illness

c)

off

d)

sick

22.

A _________ is a section of a contract and _________ mean all terms and conditions of a contract. (BLEM.1,2,3,4,5,6,7,8)

a)

clause / provisions

b)

provision / clauses

c)

clause / regulations

d)

part / provisions

23.

A_______________ is a business that is owned and operated by one person. (BLENT.1,2,3,4,5,6,7,8,9,10,11,12)

a)

cooperative

b)

sole proprietorship

c)

limited partnership

d)

creative proprietorship

24.

An owner who has full responsibility for all debts and actions of the business is said to have_____________. (BLENT.1,2,3,4,5,6,7,8,9,10,11,12)

a)

liability protection

b)

unlimited liability

c)

equity

d)

limited partnership

25.

A ___________ is an unincorporated business with two or more owners. (BLENT.1,2,3,4,5,6,7,8,9,10,11,12)

a)

venture

b)

proprietorship

c)

partnership

d)

corporation

26.

A/An ____________ partner is a participant in a partnership who has unlimited personal liability. (BLENT.1,2,3,4,5,6,7,8,9,10,11,12)

a)

silent

b)

general

c)

primary

d)

unlimited

27.

A ___________ is a business registered by a state that operates apart from its owners. (BLENT.1,2,3,4,5,6,7,8,9,10,11,12)

a)

firm

b)

proprietorship

c)

company

d)

corporation

28.

In a C-corporation, the entrepreneurs are protected from being sued by debts and the actions of the _____________. (BLENT.1,2,3,4,5,6,7,8,9,10,11,12)

a)

IRS

b)

shareholders

c)

partners

d)

corporation

29.

A _________________ is a legal entity that makes money for reasons other than the owners' profit. (BLENT.1,2,3,4,5,6,7,8,9,10,11,12)

a)

limited corporation

b)

nonprofit corporation

c)

Subchapter S corporation

d)

C-corporation

30.

Many law and medical firms choose to form a______ to protect their partners. (BLENT.1,2,3,4,5,6,7,8,9,10,11,12)

a)

limited liability company

b)

corporation

c)

general partnership

d)

Subchapter S corporation

31.

Which of the following is not a required element of a contract. (BLCONT.1,2,3,4,5,6,7,8,9,10)

a)

Mutual Assent

b)

Offer and Acceptance

c)

Consideration

d)

Cash Value Exchange

32.

Person's ability to satisfy the elements required for someone to enter binding contracts (BLCONT.1,2,3,4,5,6,7,8,9,10)

a)

Consideration

b)

Mutual Assent

c)

Capacity

d)

Offer and Acceptance

33.

A contract between two parties for illegal activities is not valid. (BLCONT.1,2,3,4,5,6,7,8,9,10)

a)

True

b)

False

34.

Which of the following is a contract? (BLCONT.1,2,3,4,5,6,7,8,9,10)

a)

Betty offers to give a book to Lou. Lou accepts.

b)

Betty offers Lou the book in exchange for Lou’s promise to pay twenty-five dollars. Lou accepts.

c)

Betty offers to give Lou the book if Lou promises to pick it up at Betty’s house. Lou agrees.

d)

None of the above

35.

Which of the following is the most common/ acceptable reason to discharge a contract. (BLCONT.1,2,3,4,5,6,7,8,9,10)

a)

Performance

b)

Fraud

c)

Breach

d)

Agreement

36.

Which of the following is a remedy to a breached contract? (BLCONT.1,2,3,4,5,6,7,8,9,10)

a)

Money Damages

b)

Restitution

c)

Specific Performance

d)

All of the above

37.

What is a tort? (BLTL.1,2,3,4,5)

a)
a criminal act
b)
a set of laws
c)
a civil wrong
d)
none of these
38.

What is meant by liability? (BLTL.1,2,3,4,5)

a)
the person held responsible for wrong
b)
the plaintiff's damages
c)
the judges finding
d)
the amount of money owed
39.

What are damages? (BLTL.1,2,3,4,5)

a)
the harm done to a defendant
b)
the amount of money to compensate the court
c)
the amount of money awarded to plaintiff
d)
none of these
40.

What is an advantage of the tort law system? (BLTL.1,2,3,4,5)

a)
people are held accountable for their actions
b)
companies are held accountable for the safety of their products
c)
people must take reasonable care of others' property
d)
all of these
41.

True or False: Slander is defamation in the form of verbal statements. (BLTL.1,2,3,4,5)

a)

True

b)

False

42.

Which of the following is an example of negligence? (BLTL.1,2,3,4,5)

a)

hitting a robber with a baseball bat

b)

accidentally running over a pedestrian

c)

all of these choices

d)

spreading rumors to ruin the reputation of a coworker

43.

How many witness/wintesses are required when writing out a will (BLFL.1,2,3,4,5,6,7,8,9,10,11,12)

a)

one witness

b)

two witnesses

c)

three witnesses

d)

none are required

44.

Which of the following are features of a valid will (BLFL.1,2,3,4,5,6,7,8,9,10,11,12)

a)

Must be over 21

b)

Must be over 18

c)

must be of sound mind

d)

must be written

e)

can be a verbal agreement

45.

Both parties must be at least 18 years of age to enter into this legal relationship without parental consent. (BLFL.1,2,3,4,5,6,7,8,9,10,11,12)

a)

Mutual Fund Investment

b)

Adoption

c)

Marriage

d)

McDonald Franchise

46.

Any property which is acquired through the labors of either spouse during their marriage. (BLFL.1,2,3,4,5,6,7,8,9,10,11,12)

a)

Prenuptial Agreement

b)

Separate Property

c)

Community Property

d)

Real Property

47.

A legal dissolution of the marriage contract. (BLFL.1,2,3,4,5,6,7,8,9,10,11,12)

a)

Extraction

b)

Quid Pro Quo

c)

Divorce

d)

Managed Visitation

48.

Parents are legally responsible for the financial support of their children until the children are 18 years of age. (BLFL.1,2,3,4,5,6,7,8,9,10,11,12)

a)

Common Law Accountability

b)

Child Support/Child Custody

c)

Law of Minority

d)

Law of Majority

49.

The laws, or enforceable rules of conduct in a society, reflect the culture and circumstances that create them. (BLFOL.1,2,3,4,5,6,7,8)

a)

True

b)

False

50.

The Supreme Court of the US is the final interpreter of the federal Constitution. (BLFOL.1,2,3,4,5,6,7,8)

a)

True

b)

False

51.

The goal of civil disobedience is to advance the self-interest of one group over another. (BLFOL.1,2,3,4,5,6,7,8)

a)

True

b)

False

52.

Which of these is dictated from above by a sovereign or other central authority? (BLFOL.1,2,3,4,5,6,7,8)

a)

common law

b)

positive law

53.

Which of the following will police investigate? (Hint: because they're against society) (BLFOL.1,2,3,4,5,6,7,8)

a)

civil matters

b)

intrastate matters

c)

criminal matters

d)

interstate matters

54.

Which article in the Constitution details the Judiciary branch of our government? (BLTCS.1,2,3,4,5,6)

a)
Article 1
b)
Article 2
c)
Article 3
d)
Article 4
55.

This is the  only crime mentioned in the Constitution? (BLTCS.1,2,3,4,5,6)

a)
Murder
b)
Arson
c)
War Mongering
d)
Treason
56.

The lowest level court branch on the Federal Court system is... (BLTCS.1,2,3,4,5,6)

a)
Supreme
b)
District
c)
Appellate
d)
Town
57.

When the Supreme Court hears a case, one of it's options is to ______________the decision of the lower court and “let it stand,” (BLTCS.1,2,3,4,5,6)

a)
Affirm
b)
Affix
c)
Affluence
d)
Aflac
58.

The Supreme Court case in which the Supreme Court gave itself the power of "Judicial Review" is.... (BLTCS.1,2,3,4,5,6)

a)
Adams v Onis
b)
Roe v Wade
c)
Marbury v Madison
d)
Marshall v Adams