LSTD 2106 EXAM REVIEW - CONSTITUTIONAL AND
BUSINESS LAW UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
Question:
LSTD 2106 EXAM REVIEW -
UPDATED ACTUAL QUESTIONS
Narrow (just make money), moderate, and
Three levels of management hierarchy
1
Three types of corporate structures
3
Answer:
, CONSTITUTIONAL AND BUSINESS LAW
AND CORRECT ANSWERS
broad (also help society).
Three stages of product lifecycle
2
Three views of corporate social
4
responsibility
Question:
Legal remedies pay money. Equitable remedies make someone do something (or
stop doing something) when money isn't enough.
Answer:
Legal vs. equitable remedies
Question:
Laches
Answer:
You lose your right to sue if you wait too long to bring your claim and it hurts the
other person.
Question:
Controlling vs. persuasive precedent
Answer:
Controlling precedent must be followed. Persuasive precedent can be
considered but doesn't have to be followed. Supreme courts don't have to follow
precedent.
Question:
Libel vs. Slander
Answer:
Libel is written; slander is spoken. Libel lets you sue for money or reputation harm;
slander usually only lets you sue for money.
Question:
Slander per se
Answer:
Some spoken lies are so bad you don't have to prove harm: saying someone went
to prison, is bad at their job, has a disease, or is unfaithful.
Question:
A test for whether something counts as obscene: is it offensive, does it appeal to
sexual interest, and does it lack real artistic, scientific, or political value?
Answer:
Miller Test
Question:
BUSINESS LAW UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
Question:
LSTD 2106 EXAM REVIEW -
UPDATED ACTUAL QUESTIONS
Narrow (just make money), moderate, and
Three levels of management hierarchy
1
Three types of corporate structures
3
Answer:
, CONSTITUTIONAL AND BUSINESS LAW
AND CORRECT ANSWERS
broad (also help society).
Three stages of product lifecycle
2
Three views of corporate social
4
responsibility
Question:
Legal remedies pay money. Equitable remedies make someone do something (or
stop doing something) when money isn't enough.
Answer:
Legal vs. equitable remedies
Question:
Laches
Answer:
You lose your right to sue if you wait too long to bring your claim and it hurts the
other person.
Question:
Controlling vs. persuasive precedent
Answer:
Controlling precedent must be followed. Persuasive precedent can be
considered but doesn't have to be followed. Supreme courts don't have to follow
precedent.
Question:
Libel vs. Slander
Answer:
Libel is written; slander is spoken. Libel lets you sue for money or reputation harm;
slander usually only lets you sue for money.
Question:
Slander per se
Answer:
Some spoken lies are so bad you don't have to prove harm: saying someone went
to prison, is bad at their job, has a disease, or is unfaithful.
Question:
A test for whether something counts as obscene: is it offensive, does it appeal to
sexual interest, and does it lack real artistic, scientific, or political value?
Answer:
Miller Test
Question:
