LATEST WGU C713 BUSINESS LAW 2024-2025
QUESTIONS WITH 100% CORRECT ANSWERS
The legal system in the United States is comprised of - CORRECT ANSWER 1) both
state and federal constitutions
2) statutes and agency regulations
3) judicial decisions
Local and state laws may not conflict with - CORRECT ANSWER federal laws
Primary sources of law - CORRECT ANSWER constitutional law, statutory law,
common law, and administrative law
the law serves to - CORRECT ANSWER 1) keep the peace
2) maintain the status quo
3) preserve individual rights
4) protect minorities against majorities
5) promote social justice
6) provide for orderly social change
The U.S. Constitution is foundational. - CORRECT ANSWER State laws can not
conflict with fed. laws
U.S. statutory and common law cannot be - CORRECT ANSWER inconsistent with its
provisions.
,LATEST WGU C713 BUSINESS LAW 2024-2025
QUESTIONS WITH 100% CORRECT ANSWERS
Congress creates statutory law (with the signature of the president) - CORRECT
ANSWER Introduced as a bill, sent to a committee, pass through house of origination,
goes to other (house of rep or senate), if passes goes To joint committee then back to
congress for full congressional vote, if passes goes to president (approve or Vito)
courts will interpret constitutional law and statutory law - CORRECT ANSWER Can
create a president, but that is not mean it will be upheld in different jurisdiction
Where there is neither constitutional law nor statutory law, - CORRECT ANSWER the
courts function in the realm of common law
50 states, each of which also has a constitution, or foundational law - CORRECT
ANSWER Can not conflict with federal law/constitution
Both the federal government and the states have created administrative agencies and an
agency only has _______ - CORRECT ANSWER the power that the legislature gives
it.
Examples of administrative agencies - CORRECT ANSWER Ex. OSHA, EPA, FTC, FCC
They use administrative law
an agency will often create regulations, which have the same force and effect as
______. - CORRECT ANSWER statutes
,LATEST WGU C713 BUSINESS LAW 2024-2025
QUESTIONS WITH 100% CORRECT ANSWERS
FCC regulates how cigarettes are advertised on tv is an example of: - CORRECT
ANSWER ADMINISTRATIVE LAW
Congress creates administrative agencies through enabling acts - CORRECT ANSWER
Act includes deligating authority and giving the agency authority as to what it will
accomplish
agencies are usually given broad powers to investigate, set standards (promulgating
regulations), and - CORRECT ANSWER enforce those standards
Most agencies are ___________, but some are independent. - CORRECT ANSWER
executive branch agencies
Administrative agencies are given unusual powers (3) - CORRECT ANSWER legislate
(make rules)
investigate
adjudicate (enforce)
Agency powers are limited by - CORRECT ANSWER executive and legislative
controls and by judicial review
Common law - CORRECT ANSWER Judge made law - A system of law based on
precedent and customs
, LATEST WGU C713 BUSINESS LAW 2024-2025
QUESTIONS WITH 100% CORRECT ANSWERS
law is made when an appellate (appeals) court endorses a rule to be used in deciding
court case
Having agencies with rule-making power is a practical necessity - CORRECT ANSWER
1) Congress does not have the expertise or continuity to develop specialized knowledge
in various areas (e.g., communications, the environment, aviation)
2) it makes sense for Congress to set forth broad statutory guidance to an agency and
delegate authority to the agency to propose rules that further the statutory purposes
3) As long as Congress makes this delegating guidance sufficiently clear, it is not
delegating improperly - NOT GIVING AWAY CONSTITUTIONAL POWER
antitrust law - CORRECT ANSWER law intended to promote free competition in the
market place by outlawing monopolies
Negative externalities - CORRECT ANSWER a cost that is suffered by a third party
as a result of an economic transaction.
Examples of leveling economic playing field to provide information to consumers: -
CORRECT ANSWER Consumer protection laws (consumers)
Securities laws (investors)
The toxics release inventory laws in environmental law (citizens)
Statutory law is to legislative bodies as common law is to: - CORRECT ANSWER
courts
QUESTIONS WITH 100% CORRECT ANSWERS
The legal system in the United States is comprised of - CORRECT ANSWER 1) both
state and federal constitutions
2) statutes and agency regulations
3) judicial decisions
Local and state laws may not conflict with - CORRECT ANSWER federal laws
Primary sources of law - CORRECT ANSWER constitutional law, statutory law,
common law, and administrative law
the law serves to - CORRECT ANSWER 1) keep the peace
2) maintain the status quo
3) preserve individual rights
4) protect minorities against majorities
5) promote social justice
6) provide for orderly social change
The U.S. Constitution is foundational. - CORRECT ANSWER State laws can not
conflict with fed. laws
U.S. statutory and common law cannot be - CORRECT ANSWER inconsistent with its
provisions.
,LATEST WGU C713 BUSINESS LAW 2024-2025
QUESTIONS WITH 100% CORRECT ANSWERS
Congress creates statutory law (with the signature of the president) - CORRECT
ANSWER Introduced as a bill, sent to a committee, pass through house of origination,
goes to other (house of rep or senate), if passes goes To joint committee then back to
congress for full congressional vote, if passes goes to president (approve or Vito)
courts will interpret constitutional law and statutory law - CORRECT ANSWER Can
create a president, but that is not mean it will be upheld in different jurisdiction
Where there is neither constitutional law nor statutory law, - CORRECT ANSWER the
courts function in the realm of common law
50 states, each of which also has a constitution, or foundational law - CORRECT
ANSWER Can not conflict with federal law/constitution
Both the federal government and the states have created administrative agencies and an
agency only has _______ - CORRECT ANSWER the power that the legislature gives
it.
Examples of administrative agencies - CORRECT ANSWER Ex. OSHA, EPA, FTC, FCC
They use administrative law
an agency will often create regulations, which have the same force and effect as
______. - CORRECT ANSWER statutes
,LATEST WGU C713 BUSINESS LAW 2024-2025
QUESTIONS WITH 100% CORRECT ANSWERS
FCC regulates how cigarettes are advertised on tv is an example of: - CORRECT
ANSWER ADMINISTRATIVE LAW
Congress creates administrative agencies through enabling acts - CORRECT ANSWER
Act includes deligating authority and giving the agency authority as to what it will
accomplish
agencies are usually given broad powers to investigate, set standards (promulgating
regulations), and - CORRECT ANSWER enforce those standards
Most agencies are ___________, but some are independent. - CORRECT ANSWER
executive branch agencies
Administrative agencies are given unusual powers (3) - CORRECT ANSWER legislate
(make rules)
investigate
adjudicate (enforce)
Agency powers are limited by - CORRECT ANSWER executive and legislative
controls and by judicial review
Common law - CORRECT ANSWER Judge made law - A system of law based on
precedent and customs
, LATEST WGU C713 BUSINESS LAW 2024-2025
QUESTIONS WITH 100% CORRECT ANSWERS
law is made when an appellate (appeals) court endorses a rule to be used in deciding
court case
Having agencies with rule-making power is a practical necessity - CORRECT ANSWER
1) Congress does not have the expertise or continuity to develop specialized knowledge
in various areas (e.g., communications, the environment, aviation)
2) it makes sense for Congress to set forth broad statutory guidance to an agency and
delegate authority to the agency to propose rules that further the statutory purposes
3) As long as Congress makes this delegating guidance sufficiently clear, it is not
delegating improperly - NOT GIVING AWAY CONSTITUTIONAL POWER
antitrust law - CORRECT ANSWER law intended to promote free competition in the
market place by outlawing monopolies
Negative externalities - CORRECT ANSWER a cost that is suffered by a third party
as a result of an economic transaction.
Examples of leveling economic playing field to provide information to consumers: -
CORRECT ANSWER Consumer protection laws (consumers)
Securities laws (investors)
The toxics release inventory laws in environmental law (citizens)
Statutory law is to legislative bodies as common law is to: - CORRECT ANSWER
courts
