TEST BANK FOR
g g
DynamicgBusinessgLawgThegEssentials,g5thgEdition,gNancygKubasekgC
hapterg1-25gAnswersgaregatgthegEndgofgEachgChapter
Chapterg1
Studentgname:
1) Listgthegpurposesgofgtheglawgandgdiscussgwhygthesegpurposesgaregnecessarygforgangordere
dgsociety.
2) Defineg"staregdecisis,"gdiscussgwhengitgoccursgingtheglegalgsystem,gandgexplaingwhygstar
egdecisisgisgimportantgtogbusinessesgandgindividuals.
3) ExplaingingwhatgwaysgagtreatygbetweengagforeigngcountrygandgthegUnitedgStatesgisgsimil
argtogagcontract.
1
,4) Explaingthegfunctiongofgadministrativegagenciesgandgwhygtheygaregnecessary.Listgfiv
egindependentgagenciesgandgfivegexecutivegagencies.
5) JudgegSusiegJustice,gwhogisgnewlygappointedgtogthegbench,gisgpresentedgwithgagquestiong
ofglawginvolvinggagcatgnamedgChestergwhogscratchedgagneighbor'sgantiquegjalopy.gThegneighbor,
gGeorge,gdemandsgjusticegingthegformgofgfullgpaymentgfromgChester'sgowner,gBill,gandgalsogrequ
estsgthatgChestergbegshippedgtogtheglocalganimalgshelter.gBillgsaysgthatghegshouldgnotghavegtogpa
yganythinggbecausegChesterghadgnevergscratchedgbefore,gthatgChestergshouldgbegallowedgtogstaygi
ngthegneighborhood,gandgthatghegshouldgbegreimbursedgforghisglegalgfeesgbygGeorgegwhogisgaggr
umpgandgnevergshouldghavegbroughtgtheglawsuit.gJudgegJusticegisgperplexedgandgwantsgtogmakeg
aggoodgdecisiongsincegshegisgnewgtogthegbench.gDescribeghowgthegjudgegshouldggogaboutgreachin
ggagdecision.gDiscussgingyourganswergthegimpactgofgcasesgfromgothergjurisdictionsgassuminggther
egisgnogrelevantglawgingJudgegJustice'sgjurisdiction.gAlso,gassuminggtheregisgrelevantglawgingthisg
jurisdiction,gdiscussgthegapplicableglegalgstandardgthegjudgegshouldgapplygifgshegfindsgagrelevant
gstatutegthatgconflictsgwithgearliergcaseglaw.
6) Describegcontrastsgbetweengthegcost-
benefitgschoolgofgjurisprudencegandgthegidentificationgwithgthegvulnerablegschoolgofgjurisprudenc
e.
2
,7) Whichgofgthegfollowinggisgnotgonegofgthegsixgfunctionalgareasgofgbusinessgthatgsitsgon
gagfoundationgofgbusinessglaw?
A) management
B) productiongandgtransportation
C) marketing
D) accountinggandgfinance
E) stategandgfederalgtaxation
8) Agcommercialgfirmgthatgseeksgtogmergegwithganothergfirmgmustgobeygtheglawsgofgantitrus
t.gThisgisgangexamplegof:
A) businessglaw
B) equity
C) ethics
D) ThegUniformgContractsgCode
E) ThegInternationalgContractsgCode
9) “Guaranteeinggpersonalgfreedoms”gis:
A) thegexclusivegpurposegofgtheglaw.
B) onegofgthegnumerousgpurposesgfulfilledgbygtheglaw.
C) agpurposegofgcriminal,gbutgnotgcivil,glaw.
D) agpurposegofgcivil,gbutgnotgcriminal,glaw.
E) agcultural,gbutgnotglegal,gexpectation.
10) Whichgofgthegfollowinggisgonegofgthegnumerousgpurposesgfulfilledgbygtheglaw?
3
, A) Discouraginggsocialgjustice
B) Limitinggpersonalgfreedoms
C) Servinggasgagmoralgguidegbygindicatinggmaximumgexpectationsgofgcitizensgan
dgorganizations
D) Providinggordergsuchgthatgonegcangdependgongagpromisegorgangexpectationg
ofgobligations
E) Servinggasgagsupplementgtogfighting
11) Whichgofgthegfollowinggisgnotgonegofgthegnumerousgpurposesgfulfilledgbygtheglaw?
A) Providinggordergsuchgthatgonegcangdependgongagpromisegorgangexpectationg
ofgobligations
B) Servinggasgangalternativegtogfighting
C) Facilitatinggchangegwithoutgrequiringgagrationalgconsiderationgofgoptions
D) Encouraginggsocialgjustice
E) Servinggasgagmoralgguidegbygindicatinggminimalgexpectationsgofgcitizensgan
dgorganizations
12) Louisville,gKentuckygisgdebatinggagnewgbusinessgordinancegthatgwillgaddressgsidewalksgi
ngitsgcity.gMembersgofgthegLouisvillegcitygcouncilgdognotgneedgtogconcerngthemselvesgwithgwhic
hgofgthegfollowinggissues?
A) Localgtaxes
B) Environmentalgstandards
C) Federally-mandatedgrestrictivegcovenants
D) Buildinggcodes
E) Localgzoning
13) Whichgofgthegfollowinggisgnotgagpurposegofgtheglawgasgsetgforthgingthegtext?
4
g g
DynamicgBusinessgLawgThegEssentials,g5thgEdition,gNancygKubasekgC
hapterg1-25gAnswersgaregatgthegEndgofgEachgChapter
Chapterg1
Studentgname:
1) Listgthegpurposesgofgtheglawgandgdiscussgwhygthesegpurposesgaregnecessarygforgangordere
dgsociety.
2) Defineg"staregdecisis,"gdiscussgwhengitgoccursgingtheglegalgsystem,gandgexplaingwhygstar
egdecisisgisgimportantgtogbusinessesgandgindividuals.
3) ExplaingingwhatgwaysgagtreatygbetweengagforeigngcountrygandgthegUnitedgStatesgisgsimil
argtogagcontract.
1
,4) Explaingthegfunctiongofgadministrativegagenciesgandgwhygtheygaregnecessary.Listgfiv
egindependentgagenciesgandgfivegexecutivegagencies.
5) JudgegSusiegJustice,gwhogisgnewlygappointedgtogthegbench,gisgpresentedgwithgagquestiong
ofglawginvolvinggagcatgnamedgChestergwhogscratchedgagneighbor'sgantiquegjalopy.gThegneighbor,
gGeorge,gdemandsgjusticegingthegformgofgfullgpaymentgfromgChester'sgowner,gBill,gandgalsogrequ
estsgthatgChestergbegshippedgtogtheglocalganimalgshelter.gBillgsaysgthatghegshouldgnotghavegtogpa
yganythinggbecausegChesterghadgnevergscratchedgbefore,gthatgChestergshouldgbegallowedgtogstaygi
ngthegneighborhood,gandgthatghegshouldgbegreimbursedgforghisglegalgfeesgbygGeorgegwhogisgaggr
umpgandgnevergshouldghavegbroughtgtheglawsuit.gJudgegJusticegisgperplexedgandgwantsgtogmakeg
aggoodgdecisiongsincegshegisgnewgtogthegbench.gDescribeghowgthegjudgegshouldggogaboutgreachin
ggagdecision.gDiscussgingyourganswergthegimpactgofgcasesgfromgothergjurisdictionsgassuminggther
egisgnogrelevantglawgingJudgegJustice'sgjurisdiction.gAlso,gassuminggtheregisgrelevantglawgingthisg
jurisdiction,gdiscussgthegapplicableglegalgstandardgthegjudgegshouldgapplygifgshegfindsgagrelevant
gstatutegthatgconflictsgwithgearliergcaseglaw.
6) Describegcontrastsgbetweengthegcost-
benefitgschoolgofgjurisprudencegandgthegidentificationgwithgthegvulnerablegschoolgofgjurisprudenc
e.
2
,7) Whichgofgthegfollowinggisgnotgonegofgthegsixgfunctionalgareasgofgbusinessgthatgsitsgon
gagfoundationgofgbusinessglaw?
A) management
B) productiongandgtransportation
C) marketing
D) accountinggandgfinance
E) stategandgfederalgtaxation
8) Agcommercialgfirmgthatgseeksgtogmergegwithganothergfirmgmustgobeygtheglawsgofgantitrus
t.gThisgisgangexamplegof:
A) businessglaw
B) equity
C) ethics
D) ThegUniformgContractsgCode
E) ThegInternationalgContractsgCode
9) “Guaranteeinggpersonalgfreedoms”gis:
A) thegexclusivegpurposegofgtheglaw.
B) onegofgthegnumerousgpurposesgfulfilledgbygtheglaw.
C) agpurposegofgcriminal,gbutgnotgcivil,glaw.
D) agpurposegofgcivil,gbutgnotgcriminal,glaw.
E) agcultural,gbutgnotglegal,gexpectation.
10) Whichgofgthegfollowinggisgonegofgthegnumerousgpurposesgfulfilledgbygtheglaw?
3
, A) Discouraginggsocialgjustice
B) Limitinggpersonalgfreedoms
C) Servinggasgagmoralgguidegbygindicatinggmaximumgexpectationsgofgcitizensgan
dgorganizations
D) Providinggordergsuchgthatgonegcangdependgongagpromisegorgangexpectationg
ofgobligations
E) Servinggasgagsupplementgtogfighting
11) Whichgofgthegfollowinggisgnotgonegofgthegnumerousgpurposesgfulfilledgbygtheglaw?
A) Providinggordergsuchgthatgonegcangdependgongagpromisegorgangexpectationg
ofgobligations
B) Servinggasgangalternativegtogfighting
C) Facilitatinggchangegwithoutgrequiringgagrationalgconsiderationgofgoptions
D) Encouraginggsocialgjustice
E) Servinggasgagmoralgguidegbygindicatinggminimalgexpectationsgofgcitizensgan
dgorganizations
12) Louisville,gKentuckygisgdebatinggagnewgbusinessgordinancegthatgwillgaddressgsidewalksgi
ngitsgcity.gMembersgofgthegLouisvillegcitygcouncilgdognotgneedgtogconcerngthemselvesgwithgwhic
hgofgthegfollowinggissues?
A) Localgtaxes
B) Environmentalgstandards
C) Federally-mandatedgrestrictivegcovenants
D) Buildinggcodes
E) Localgzoning
13) Whichgofgthegfollowinggisgnotgagpurposegofgtheglawgasgsetgforthgingthegtext?
4
