Test bank for legal environment of business 14th edition meiners

DOWNLOAD THE Test Bank for Legal Environment of Business 14th EditionMeiner
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Chapter 01: Today’s Business Environment: Law and Ethics
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MultiplemChoice

1. Whichmofmthemfollowingmismanmacceptedmdefinitionmofmlaw?
a. ambodymofmrulesmofmactionmormconductmprescribedmbymcontrollingmauthoritymandmhavingmbindingmlegalmforce
b. ambodymofmrulesmofmactionmormconductmprescribedmbymsocietymbutmlackingmlegalmforce
c. ambodymofmrulesmofmactionmormconductmprescribedmbymcourtsmandmsanctionmbyminternationalmsociety
d. ambodymofmrulesmofmactionmormconductmprescribedmbymthemSuprememCourtmandmhavingmbindingmlegalmforce
ANSWER: a
FEEDBACK: a.m Correct.mLaw,minmitsmgenericmsense,mismambodymofmrulesmofmactionmormconduct
prescribedmbymthemcontrollingmauthoritymandmhavingmbindingmlegalmforce.
b. Incorrect.mLaw,minmitsmgenericmsense,mismambodymofmrulesmofmactionmormco
nductmprescribedmbymthemcontrollingmauthoritymandmhavingmbindingmlegalmf
orce.
c. Incorrect.mLaw,minmitsmgenericmsense,mismambodymofmrulesmofmactionmormco
nductmprescribedmbymthemcontrollingmauthoritymandmhavingmbindingmlegalmf
orce.
d. Incorrect.mLaw,minmitsmgenericmsense,mismambodymofmrulesmofmactionmormco
nductmprescribedmbymthemcontrollingmauthoritymandmhavingmbindingmlegalmf
orce.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONmTYPE: MultiplemChoice
HASmVARIABLES: False
LEARNINGmOBJECTIVES:m BLAW.MEIN.23.1.1.1m-mDefinembusinessmlaw.
TOPICS: A-Head:mLawmandmthemKeymFunctionsmofmthemLegalmSystem
KEYWORDS: Bloom's;mAnalyze
DATEmCREATED: 8/23/2021m9:10mAM
DATEmMODIFIED: 9/11/2021m10:01mAM

2. Enforcementmofmlawminmamsocietymismimportantmbecausemit:
a. providesmsomempredictabilitymandmuniformitymtomthemboundariesmofmacceptablemconduct.
b. allowsmamgovernmentmtommaintainmpowermovermthempeople.
c. leadsmtomhighermliteracymrates.
d. preventsmlargemdisparitiesminmincomemacrossmthemvariousmlevelsmofmamsociety.
ANSWER: a
FEEDBACK: a.m Correct.mEnforcementmofmthemrulesmprovidesmgreatermpredictabilitymandmuniformitymto
themboundariesmofmacceptablemconductminmamsociety.
b. Incorrect.mEnforcementmofmthemrulesmprovidesmgreatermpredictabilitymandmunifor
mitymtomthemboundariesmofmacceptablemconductminmamsociety.
c. Incorrect.mEnforcementmofmthemrulesmprovidesmgreatermpredictabilitymandmunifor
mitymtomthemboundariesmofmacceptablemconductminmamsociety.
d. Incorrect.mEnforcementmofmthemrulesmprovidesmgreatermpredictabilitymandmunifor
mitymtomthemboundariesmofmacceptablemconductminmamsociety.
POINTS: 1
DIFFICULTY: Easy
QUESTIONmTYPE: MultiplemChoice
HASmVARIABLES: False
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LEARNINGmOBJECTIVES:m BLAW.MEIN.23.1.1.1m-mDefinembusinessmlaw.
TOPICS: A-Head:mLawmandmthemKeymFunctionsmofmthemLegalmSystem




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KEYWORDS: Bloom's:mRemember
DATEmCREATED: 8/8/2021m2:16mPM
DATEmMODIFIED: 9/11/2021m10:01mAM

3. Whichmofmthemfollowingmstatementsmismtru
e?
a. Formalmlawmismrespectedminmallmnations
b. Themsalemofmmarijuanamismillegalmworldwide
c. Themsalemofmalcoholicmbeveragesmismlegalmworldwide
d. Lawmimposesmstructuremonmsocietymbymlimitingmactivitiesmthatmhurtmthem"publicminterest"
ANSWER: d
FEEDBACK: a.m Incorrect.mThemlegalmsystemmhelpsmtomdefinemacceptablemsocialmbehavior.mThemlaw
limitsmactivitiesmthatmdamagemthempublicminterest.
b. Incorrect.mThemlegalmsystemmhelpsmtomdefinemacceptablemsocialmbehavior.mThem
lawmlimitsmactivitiesmthatmdamagemthempublicminterest.
c. Incorrect.mThemlegalmsystemmhelpsmtomdefinemacceptablemsocialmbehavior.mThem
lawmlimitsmactivitiesmthatmdamagemthempublicminterest.
d. Correct.mThemlegalmsystemmhelpsmtomdefinemacceptablemsocialmbehavior.mThem
lawmlimitsmactivitiesmthatmdamagemthempublicminterest.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONmTYPE: MultiplemChoice
HASmVARIABLES: False
LEARNINGmOBJECTIVES:m BLAW.MEIN.23.1.1.1m-mDefinembusinessmlaw.
NATIONALmSTANDARDS:m UnitedmStatesm-mBUSPROG:mAnalyticm|mTechnologym-mBUSPROG:mAnalytic
STATEmSTANDARDS: UnitedmStatesm-mUniversalm-mDISC:mAICPA:mBB-Legal
TOPICS: A-Head:mLawmandmthemKeymFunctionsmofmthemLegalmSystem
KEYWORDS: Bloom's:mAnalyze
DATEmCREATED: 6/24/2021m2:41mPM
DATEmMODIFIED: 9/11/2021m10:01mAM

4. Whichmofmthemfollowingmaremreflectedminmsomemaspectmofmlaw?
a. Honestymandmintegritymaremreflectedmbymthemenforceabilitymofmcontracts.
b. Respectmformothermpeoplemandmtheirmpropertymismreflectedminmtortmandmpropertymlaw.
c. Somemmeasuresmofmacceptablembehaviormaremreflectedminmcriminalmlaws.
d. Honestymandmintegritymaremreflectedmbymthemenforceabilitymofmcontracts,mrespectmformothermpeoplemandmth
eirmpropertymismreflectedminmtortmandmpropertymlaw,mandmsomemmeasuresmofmacceptablembehaviormaremrefl
ectedminmcriminalmlaws.
ANSWER: d
FEEDBACK: a.m Incorrect.mIntegritym ismreflectedminmthemenforceabilitymofmcontracts,mrespectmformother
peoplemandmtheirmpropertymismreflectedminmtortmandmpropertymlaw,mandms
omemmeasuresmofmacceptablembehaviormaremreflectedminmcriminalmlaws.
b. Incorrect.mIntegritymismreflectedminmthemenforceabilitymofmcontracts,mrespectmformot
hermpeoplemandmtheirmpropertymismreflectedminmtortmandmpropertymlaw,mandmsome
mmeasuresmofmacceptablembehaviormaremreflectedminmcriminalmlaws.


c. Incorrect.mIntegritymismreflectedminmthemenforceabilitymofmcontracts,mrespectmformot
hermpeoplemandmtheirmpropertymismreflectedminmtortmandmpropertymlaw,mandmsome
mmeasuresmofmacceptablembehaviormaremreflectedminmcriminalmlaws.


d. Correct.mIntegritymismreflectedminmthemenforceabilitymofmcontracts,mrespectmformot
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hermpeoplemandmtheirmpropertymismreflectedminmtortmandmpropertymlaw,mandmsom
e




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