Legal, Ethical, and Global Environment
of Business Practice Exam With
Questions and Verified Answers |
2026/2027 Academic Cycle |
Guaranteed Pass | Already Graded A+ |
Brand New!!!!
Breaches - CORRECT ANSWER to violate a law, by an act or an omission, or to break a legal
obligation that one owes to another person or to society
Factors that influence Business Decision Making - CORRECT ANSWER 1. Contracts
2. Sales
3. Negotiable Instruments
4. Creditor's Rights
5. Intellectual Property
6. E-Commerce
7. Product Liability
8. Torts
9. Agency
, 10. Business Organizations
11. Professional Liability
12. Courts and Court Procedure
Ethics - CORRECT ANSWER the study of what constitutes right or wrong behavior
Primary Sources of Law (sources that establish the law) - CORRECT ANSWER 1. The U.S.
Constitution and the constitutions of the various states
2. Statutory law
3. Regulations created by administrative agencies, such as the Food and Drug Administration
4. Case law and common law doctrines
Secondary sources of law - CORRECT ANSWER books and articles that summarize and clarify
the sources of law; Courts refer to these sources for guidance in interpreting and applying the
primary sources of law
Examples of Secondary Sources of Law - CORRECT ANSWER Legal Encyclopedias, treatises,
articles in law reviews, and compilations of law such as the Restatements of the Law
Constitutional Law - CORRECT ANSWER the law as expressed in these constitutions (the
supreme law of the land, the basis of all law in the United States)
Statutory Law - CORRECT ANSWER Laws enacted by legislative bodies at any level of
government, such as the statues passed by Congress or by state legislatures, make up the body
of the law; Statutory laws also include local ordinances
What happens when a legislature passes a statue? - CORRECT ANSWER That statue is
ultimately is included in the federal code of laws or the relevant state code of laws
of Business Practice Exam With
Questions and Verified Answers |
2026/2027 Academic Cycle |
Guaranteed Pass | Already Graded A+ |
Brand New!!!!
Breaches - CORRECT ANSWER to violate a law, by an act or an omission, or to break a legal
obligation that one owes to another person or to society
Factors that influence Business Decision Making - CORRECT ANSWER 1. Contracts
2. Sales
3. Negotiable Instruments
4. Creditor's Rights
5. Intellectual Property
6. E-Commerce
7. Product Liability
8. Torts
9. Agency
, 10. Business Organizations
11. Professional Liability
12. Courts and Court Procedure
Ethics - CORRECT ANSWER the study of what constitutes right or wrong behavior
Primary Sources of Law (sources that establish the law) - CORRECT ANSWER 1. The U.S.
Constitution and the constitutions of the various states
2. Statutory law
3. Regulations created by administrative agencies, such as the Food and Drug Administration
4. Case law and common law doctrines
Secondary sources of law - CORRECT ANSWER books and articles that summarize and clarify
the sources of law; Courts refer to these sources for guidance in interpreting and applying the
primary sources of law
Examples of Secondary Sources of Law - CORRECT ANSWER Legal Encyclopedias, treatises,
articles in law reviews, and compilations of law such as the Restatements of the Law
Constitutional Law - CORRECT ANSWER the law as expressed in these constitutions (the
supreme law of the land, the basis of all law in the United States)
Statutory Law - CORRECT ANSWER Laws enacted by legislative bodies at any level of
government, such as the statues passed by Congress or by state legislatures, make up the body
of the law; Statutory laws also include local ordinances
What happens when a legislature passes a statue? - CORRECT ANSWER That statue is
ultimately is included in the federal code of laws or the relevant state code of laws
