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Test Bank – Business: Its Legal, Ethical, and Global Environment, 13th Edition (Jennings) | Complete Exam Questions, Case Studies & Answers

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Prepare for business law and ethics exams with this comprehensive Test Bank for Business: Its Legal, Ethical, and Global Environment, 13th Edition by Marianne M. Jennings. Covering all 20 chapters, this resource features hundreds of exam-style questions with detailed rationales that explain the legal reasoning behind each answer. Topics include the judicial system, business ethics and social responsibility, constitutional law, administrative law, international law, contracts and sales, product liability, antitrust, intellectual property, agency law, securities regulation, employment discrimination, and more. Each question includes verified answers and evidence-based explanations to strengthen legal analysis and critical thinking. Aligned with the 2026 Cengage Learning edition (ISBN 9798214056326), this test bank is an essential tool for business students preparing for quizzes, midterms, and final exams .

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Law - answer- that which must be obeyed and followed by citizens, subject to sanctions
or legal consequences; a body of rules of action or conduct prescribed by controlling
authority have binding legal force.

English Common Law - answer- law developed by judges who issued their opinions
when deciding a case. The principles announced in these cases became precedent for
later judges deciding similar cases.

Statute - answer- written law enacted by the legislative branch of the federal and state
governments that establishes certain courses of conduct that covered parties must here
too.

Judicial Decision - answer- the decision about an individual lawsuit issued by federal or
state court.

Executive Order - answer- law enacted by local government bodies, such as cities in
municipalities, counties, school districts, and water districts

Stare Decisis - answer- Latin for "to stand by the decision." Adherence to precedent.

Precedent - answer- a rule of law established in a court decision. Lower courts must
follow the precedent established by higher courts.

Highest State Court - answer- the highest court in a state court system; it hears appeals
from intermediate appellate state courts and certain trial courts

Intermediate Appellate Court (court of appeal) - answer- the court that hears cases of
general nature that is not within the jurisdiction of limited-jurisdiction courts. Testimony
and evidence at trial are recorded and store for future reference

U.S. District Courts - answer- the federal court systems trial courts of general
jurisdiction

U.S. Court of Appeals - answer- the federal court systems intermediate appellate courts.

Supreme Court of United States (U.S. Supreme Court) - answer- the highest court in the
United States, located in Washington, DC. The Supreme Court was created by Article III
of the U.S. Constitution.

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