CHAPTER 1: Connect Questions Business law consists of _____ that govern commercial relationships. dominant systems and practices conventional channels
... [Show More] enforceable rules of conduct traditional reg ulatory bodies Business law consists of the enforceable rules of conduct that govern commercial relationships. In other words, buyers and sellers interact in market exchanges within the rules that specify the boundaries of legal business behavior. A garment manufacturing company wants to shift from being a supplier to a retailer. Which of the following will govern the legal aspects of this decision? Corporate law Business law Administrative law Employment law Business activities must follow legal guidelines. All contracts, employment decisions, and payments to a supplier are constrained and protected by business law. Each of the six functional areas of business: management, production and transportation, marketing, research and development, accounting and finance, and human resource management; sits on a foundation of business law. Which of the following is an intended and essential purpose of law? To impose checks on citizens. To demand respect. To rely upon the goodwill of others. To encourage social justice. The purposes of law include: providing order such that one can depend on a promise or an expectation of obligations, serving as an alternative to fighting, facilitating a sense that change is possible, but only after a rational consideration of options, encouraging social justice, guaranteeing personal freedoms, and serving as a moral guide by indicating minimal expectations of citizens and organizations. The difference between civil law versus criminal law is that, the guilty defendant of a: civil case is never incarcerated. criminal case is always incarcerated. civil case is either incarcerated or required to pay a fine. criminal case is never required to pay a fine.Guilty defendant of a civil case is never incarcerated. Typically, if defendant is found guilty, the victim receives some sort of compensation Which of the following laws would govern a dispute between a tenant and a landlord over payment of rent? Public law Private law Commercial law Corporate law Private law regulates disputes between private individuals or groups. A restaurant regularly overfills trash cans in the alley and improperly disposes left-over meat and other perishables. Which of the following laws will regulate this incident? Private law Criminal and public law Public and civil law Public law Public law controls disputes between private individuals or between groups and their government. The U.S. Code contains legislative acts passed by the _____. Senate U.S. Congress President House of Representatives Legislative acts are written into the United States Code when they are passed by Congress. Which of the following laws is defined as, “A collection of rules and laws put forth by legislating bodies”? Constitutional law Common law Statutory law Administrative law A collection of rules and regulations put forth by legislating bodies; considered the primary law under the constitution.A collection of rules and decisions made by government agencies is known as _____ law. corporate common agency administrative The federal, state, and local governments have dozens of administrative agencies whose task is to perform a particular government function. Administrative law is the collection of rules and decisions made by all these agencies. Wong owned a laundry store in Colorado but had to move to Salt Lake City, Utah for personal reasons. He wants to establish another laundry store in the new city. He can find information regarding local taxes if he refers to: local statutes. local ordinances. local codes. local laws. Business managers must also be familiar with the local city and county ordinances that govern matters not covered by federal or state codes. These ordinances address important business considerations, such as local taxes, environmental standards, zoning, and building codes. New statutory law can revoke _____ law. criminal private corporate case Case law, or common law, is law unless revoked later by new statutory law. Which of the following laws is especially significant for businesses that operate in multiple legal jurisdictions? Trade law Administrative lawCase law Restatements of law Case law is especially significant for businesses that operate in multiple legal jurisdictions. Courts in two different business locations may interpret similarly worded statutes differently. A labor union at a match factory protested against the unhealthy conditions in which they were required to work. Management refused to make changes since all the workers had signed an employment contract stating that they were willing to work in any condition provided by the factory. Despite the legal contract, the labor union has decided to litigate. On what grounds would their case, most likely, be fought? Tradition Legal realism Natural law Legal positivism The term natural law describes certain ethical laws and principles believed to be morally right and “above” the laws devised by humans. Under natural law, individuals have not only basic human rights but also the freedom to disobey a law enacted by people if their conscience goes against it and they believe it is wrong. “Not letting morality interfere with the obedience of law” comes under which concept? Natural law Legal positivism Tradition Identification with the vulnerable The concept of legal positivism sees ones proper role as obedience to duly authorized law. That law is quite distinct from morality, and moral questions about the law should not interfere with ones inclination to obey it. Which of the following concepts come under legal realism? Law can never be enforced with complete consistency. Past practice was the product of careful thought. Some higher law or body of moral principles connects all of us in the human community. Certain ethical laws and principles believed to be morally right and “above” the laws devised by humans. Legal realism is based on the idea that, when ruling on a case, judges need to consider more than just the law; they also weigh factors such as social and economic conditions, since legal guidelines were designed by humans and exist in an ever-changing environment. They believe the law can never be enforced with complete consistency and argue that because judges are human, they will bring different methods of reasoning to very similar cases. Business law consists of the enforceable rules of conduct that govern commercial relationships.True False Because of the law, we rely on the goodwill and dependability of one another. True False In the absence of law, we would rely solely on the goodwill and dependability of one another. Public law controls disputes between private individuals or between groups and their government. True False Cyberlaw is based primarily on existing laws. True False Another name for case law is common law. True False Case law, also called common law, is the collection of legal interpretations made by judges. Case law interpretations are law unless they are revoked later by new statutory law. True False The term “stare decisis” means “reversing the decision.” True False The principle of “stare decisis” refers to “standing by their decision,” a reference to rulings made in higher courts that become a binding precedent for lower courts. The decision of a state supreme court is binding on a lower state court located in the state. True False When an issue is brought before a state court, the court will determine whether the state supreme court has made a decision on a similar issue, which creates a binding precedent or pattern of law the lower court must follow.Constitutions and statutes are complete in the sense of covering the detailed rules that affect government and business relations. True False Constitutions and statutes never cover all the detailed rules that affect relationships between government and business. Presidents claim the power to issue executive orders on the basis of their Article II, Section 1, constitutional power to “take care that the laws be faithfully executed.” True False The term “natural law” is another word for “legal positivism.” True False The term “natural law” describes certain ethical laws and principles believed to be morally right and “above” the laws devised by humans whereas the term “legal positivism” focuses on obedience to duly authorized law. Which of the following spell out what market participants may and may not legally do? Constitutions, legislatures, regulatory bodies, and courts Legislatures only Courts only Legislatures and courts, but not constitutions or regulatory bodies Constitutions, legislatures, and courts, but not regulatory bodies Which of the following would be relevant areas of business law to a human resource manager? Contracts, employment and labor law, and employment discrimination Contracts only Contracts and labor law, but not employment discrimination Employment and labor law, but not contracts None of the above because a human resource manager would be involved in work assignments only Relevant areas of business law applicable to human resource management involve agency law, contracts, employment and labor law, and employment discrimination. Laws are enforced by which of the following? State legislaturesFederal Congress Community consensus Courts All the above A majority of citizens in a democracy can agree to permit certain authorities to make and enforce rules describing what behavior is permitted and encouraged in their community. These rules are what we refer to as the ______. Electoral college Community standard Democratic validation Stare decisis Law Assume a businessperson who owns a computer equipment store is delinquent in paying rent to the landlord. The resulting dispute focuses on ______law. Public Preferential Consensual Private Black lette Private law regulates disputes between private individuals or groups. If a computer store dumps waste behind its building in violation of local, state, or federal environmental regulations, the resulting dispute focuses on ______law. Public Preferential Consensual Private Black letter Public law controls disputes between private individuals or between groups and their government. Which type of law delineates the rights and responsibilities involved in relationships between persons and between persons and their government? CriminalProcedural Civil Natural Positive Civil law delineates the rights and responsibilities implied in relationships between persons and between persons and their government. Which type of law involves incidents in which someone commits an act against the public as a unit? Criminal Procedural Civil Natural Positive Assume a restaurant chain is forced to pay damages to a person who suffered food poisoning after eating at the restaurant. What type of law is involved? Public law only Private law only Civil law only Public, private, and civil law Private law and civil law Civil law identifies the remedies available when someone’s rights are violated, and private law regulates disputes between private individuals or groups. Assume the Securities and Exchange Commission prosecutes someone for insider trading. This prosecution is an example of ______law. Criminal Procedural Civil and natural Natural Positive Criminal law regulates incidents in which someone commits an act against the public as a whole, such as by conducting insider trading on the stock exchange.The______ is the supreme law of the land. U.S. Constitution Declaration of Independence U.S. Code Model Law Uniform Code The rules and regulations put forth by legislatures are referred to as______ law. Administrative Statutory Uniform Proper Secondary Legislative acts passed by state legislatures can be found in the ______. U.S. Code State codes Uniform Register State Reporter State Reference Manual Legislative acts are written into the appropriate state codes when they are enacted by state legislatures. Legislative acts passed by the U.S. Congress can be found in the ______. U.S. Code State codes Uniform Register State Reporter The State Reference Manual Legislative acts are written into the United States Code when they are passed by Congress.Reference: “Inattentive Driving.” Molly decided not to attend class and instead decided to drive off campus to check on her new dress for the upcoming dance feast. While driving, Molly is busy talking on her cell phone with her friend Sharon to convince her into going to the dance with Molly’s brother who has a big crush on Sharon. Unfortunately for Molly, there is a statute in her state outlawing talking on a cell phone while operating a motor vehicle. Molly crashes into the side of Sam’s new convertible when she looks down to pick up a can of soda she just dropped onto her new jeans. A police officer just down the street comes over to investigate. Molly explains to him that it was difficult to hold the cell phone in one hand, the soda in the other, and also drive. The officer was not impressed. Around that time, Sam comes along. He is furious regarding the significant dent in his new car. Molly says that she has insurance, and she will cover the whole incident. Sam says that is insufficient. The officer is annoyed because it is his lunch break. He tells Molly that she must obey the law, and proceeds to write several citations to her. The law in Molly’s state regulating cell phone usage would be classified as which of the following? A statute A type of common law An executive order A uniform law A negative law The assortment of statutes, or rules and regulations put forth by legislatures, is what we call statutory law. The group that urges states to enact model laws to provide greater uniformity of law is called the ______. Model Law on Uniform State Laws Organization Federal Uniform Law Commission National Conference of Commissioners on Uniform State Laws Model and Uniform Law Consortium Uniform Statutory Enforcement Commission When the organization in charge of proposing uniform laws proposes a statute, which of the following is true? All states must adopt the uniform statute within one year. All states must adopt the uniform statute within six months. The uniform statute automatically goes into effect without any action by state legislatures. A state legislature is not required to adopt the uniform statute; but if the state legislature decides to go forward with adoption, all portions of the statute must be adopted.A state legislature can ignore the proposed uniform law, adopt it in full, or adopt it in part. Case law can be revoked by ______. New statutes Precedent Stare decisis Critical law None of the above. Case law cannot be revoked The term ______ involves the use of past decisions to guide future decisions. Commonality Precedent Restatement Uniformity Modeling The ______ is a body of law significant to business activities including sales, banking, and warranty. Federal Business Code Model Business Code Uniform Transactional Model Uniform Commercial Code Marketing Transaction Code The Uniform Commercial Code is a body of law significant for business activities including sales laws and other regulations affecting commerce, such as bank deposits and collections, title documents, and warranties. When courts rely on precedent, they are obeying ______. Common analysis Res judicataStare decisis In rem process Federal law stare decisis (“standing by their decision”), in which rulings made in higher courts become binding precedent for lower courts. Which of the following cases overturned prior precedent? Brown v. Board of Education Wygant v. Jackson Board of Education Planned parenthood of Southeastern Pennsylvania v. Casey Plessy v. Ferguson None of the above because precedent cannot be overturned Brown v. Board of Education did not follow the precedent established by Plessy v. Ferguson. Which of the following is true regarding administrative agencies? There are state administrative agencies, but no federal administrative agencies. There are federal administrative agencies, but no state administrative agencies. There are state and federal administrative agencies, but no local administrative agencies. Administrative agencies exist only at the local county level. Administrative agencies exist at the federal, state, and local leve [Show Less]