Revolutionize Your Studying with the [Essentials of the Legal Environment,Miller,2e] Test Bank

Chapter 1




Business and Its Legal
Environment



TRUE/FALSE QUESTIONS



1. The law establishes rights, duties, and privileges that are
consistent with the values of society.



ANSWER: T PAGE: 2 TYPE: =

Objective: AACSB Reflective Skill Level: AICPA Critical
Thinking

2. How judges apply the law to specific disputes may depend in
part on their personal philosophical views.


ANSWER: T PAGE: 2 TYPE: =

Objective: AACSB Reflective Skill Level: AICPA Critical
Thinking

3. Law is a body of enforceable rules governing relationships
among individuals and between individuals and their society.

, ANSWER: T PAGE: 2 TYPE: =

Objective: AACSB Analytic Skill Level: AICPA Legal

4. The natural law philosopher believes that the law should reflect
universal moral and ethical principles that are part of human
nature.


ANSWER: T PAGE: 3 TYPE: =

Objective: AACSB Ethics Skill Level: AICPA Critical
Thinking


5. A federal law that conflicts with the U.S. Constitution will be
deemed unconstitutional.


ANSWER: T PAGE: 6 TYPE: =

Objective: AACSB Analytic Skill Level: AICPA Legal

6. Constitutional law includes only the U.S. Constitution.


ANSWER: F PAGE: 6 TYPE: =

Objective: AACSB Analytic Skill Level: AICPA Legal

7. A state law that conflicts with the U.S. Constitution will be
deemed unconstitutional.


ANSWER: T PAGE: 6 TYPE: =

Objective: AACSB Analytic Skill Level: AICPA Legal

8. The U.S. Constitution is the supreme law of the United States.


ANSWER: T PAGE: 6 TYPE: =

, Objective: AACSB Analytic Skill Level: AICPA Legal

9. In determining whether a law is constitutional, a court will not
look at its source.


ANSWER: F PAGE: 6 TYPE: N

Objective: AACSB Analytic Skill Level: AICPA Legal

10. No state has its own constitution.


ANSWER: F PAGE: 6 TYPE: +

Objective: AACSB Reflective Skill Level: AICPA Legal

11. Federal statutes apply to all states.


ANSWER: T PAGE: 7 TYPE: N

Objective: AACSB Analytic Skill Level: AICPA Legal

12. Statutory law includes only state statutes.


ANSWER: F PAGE: 7 TYPE: +

Objective: AACSB Analytic Skill Level: AICPA Legal

13. The Uniform Commercial Code has been adopted by only a few
states.


ANSWER: F PAGE: 8 TYPE: +

Objective: AACSB Reflective Skill Level: AICPA Legal

14. Federal agency regulations take precedence over conflicting
state agency regulations.


ANSWER: T PAGE: 8 TYPE: N

, Objective: AACSB Analytic Skill Level: AICPA Legal