BUSI 561 Legal Issues in Business. Quiz 1 – Questions and Answers.
Liberty University BUSI 561 Legal Issues in Business. Quiz 1 – Questions and
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Question 1
3 out of 3 points
Law is rules of conduct in many organized societies that are enforced by the governing authority of the community.
Selected Answer: False
Question 2
3 out of 3 points
Which of the following prepares Restatements?
Selected Answer: The American Law Institute
Question 3
3 out of 3 points
To be binding, a treaty must be approved by:
Selected Answer: The Senate
Question 4
3 out of 3 points
Laws comparing and studying the laws in different countries is known as comparative law.
Selected Answer: True
Question 5
3 out of 3 points
The idea that we should interact with other people in a manner consistent with the manner in which we would like for them to interact with us is called ______.
Selected Answer: the Golden Rule
Question 6
3 out of 3 points
The expectations that a community places on the actions of a business are referred to as:
Selected Answer: Social responsibility of business
Question 7
3 out of 3 points
The universalization test provides that people should interact with others the way they would like to be treated.
Selected Answer: False
Question 8
3 out of 3 points
Employees as well as management are stakeholders of a business.
Selected Answer: True
Question 9
3 out of 3 points
On average, the U.S. Supreme Court hears 300 cases a year.
Selected Answer: False
Question 10
3 out of 3 points
Revenge. Jane, a first year law student, while walking to school in inclement weather, accidentally slipped on ice knocking down Greg, another first year law student, breaking his glasses. He was very angry with Jane and let the air out of one of her car tires. Greg also decided to sue Jane for negligence, claiming as damages $300 for his broken glasses. He decided that he already knew all about the law and did not need a lawyer. Greg sued Jane in state court. Jane, in the same lawsuit, brought an action against Greg for letting the air out of her tire. At trial in state court, Jane told the judge that a friend, Susie, told her that she saw Greg let the air out of Jane's tire. The judge disallowed Jane's testimony on that issue. Susie, however, who was in the courtroom also came and testified to that effect. The state court judge ruled in favor of Susie. Greg said that he was not giving up and that he would seek double damages on appeal in federal court. Jane and Greg live in different states when not attending school. After trial, Jane reported Greg's actions in letting the air out of her tire to the police who said that they would proceed with a criminal action against Greg. Greg goes to see Alex, a recent graduate who had just passed the bar, and asked Alex to represent him in a federal court appeal. What advice should Alex give to Greg regarding an appeal filed in federal court?
Selected Answer: He should tell Greg to forget about a federal court appeal because an appeal from a state trial court would not be transferred to federal court.
Question 11
3 out of 3 points
Attorney Candy represents plaintiff Ann who is suing her neighbor for nuisance claiming that the neighbor plays music too late at night. Candy puts Ann on the stand and asks her questions. Candy is involved in which of the following?
Selected Answer: Direct examination
Question 12
0 out of 3 points
What is a summary jury trial?
Selected Answer: Both an abbreviated trial that leads to a nonbinding jury verdict and an abbreviated trial in which only a few witnesses are called to the stand.
Question 13
3 out of 3 points
What is the primary source of authority for the federal regulation of businesses in the United States?
Selected Answer: The Commerce Clause
Question 14
3 out of 3 points
Congress has the power to enact legislation, but the president can veto a law that Congress passes.
Selected Answer: True
Question 15
3 out of 3 points
The constitution of Belarus requires everyone to protect the environment.
Selected Answer: True
Question 16
3 out of 3 points
The U.S. Constitution establishes how many branches of government?
Selected Answer: Three
Question 17
3 out of 3 points
Liability without fault is also known as which of the following?
Selected Answer: Strict liability.
Question 18
3 out of 3 points
A violation of a building code is an example of which of the following offenses?
Selected Answer: Petty offenses.
Question 19
3 out of 3 points
Which of the following was created specifically to combat white-collar crime?
Selected Answer: The Sarbanes-Oxley Act of 2002.
Question 20
3 out of 3 points
Approximately how many bankruptcy claims were filed in 2014?
Selected Answer: 1.1 million [Show Less]