SOPHIA BUSINESS LAW FINAL
MILESTONE PRACTICE SET 2026
TESTED QUESTIONS AND VERIFIED
SOLUTIONS
◉ business law. Answer: body of law which applies to the rights,
relations and conduct of persons and businesses engaged in commerce,
merchandising, trade and sales
◉ jury. Answer: a body of people (typically twelve in number) sworn to
give a verdict in a legal case on the basis of evidence submitted to them
in court.
◉ deregulation. Answer: Removal or relaxation of the rules affecting
businesses within certain industries
◉ regulation. Answer: Government sets strict rules affecting businesses
within certain industries
◉ settlement. Answer: official agreement between disputing parties with
the intention to resolve a case
◉ Fair Labor Standards Act. Answer: • Was written by Congress in
1938 • Enacted the maintenance of the minimum standard of living
necessary for health, efficiency, and general well-being of workers
• Created the minimum wage law
, • Enforced any hours over 40 worked in a week calls for overtime pay
one and one-half times a person's wage per hour
• Provided child labor laws
◉ ethics. Answer: an approach toward decision making in which a
person evaluates moral principles
◉ code of ethics. Answer: a set of guidelines for maintaining ethics in
the workplace
◉ Supreme Court. Answer: highest court in the USA in Washington DC
◉ First Amendment. Answer: Freedom of speech, press, assembly,
petition, and religion.
◉ Fifth Amendment. Answer: A person cannot be put on trial twice for
the same price. No self incrimination. The right to not lose life, liberty or
property without due process of law. The right to be paid for private
property taken for public use.
◉ Sixth Amendment. Answer: The right to be tried in the state and
district where the crime was committed.The right to a public trial, the
right to have a lawyer.The right to be tried soon after being accused of a
crime.The right to obtain witnesses in ones self defense.
MILESTONE PRACTICE SET 2026
TESTED QUESTIONS AND VERIFIED
SOLUTIONS
◉ business law. Answer: body of law which applies to the rights,
relations and conduct of persons and businesses engaged in commerce,
merchandising, trade and sales
◉ jury. Answer: a body of people (typically twelve in number) sworn to
give a verdict in a legal case on the basis of evidence submitted to them
in court.
◉ deregulation. Answer: Removal or relaxation of the rules affecting
businesses within certain industries
◉ regulation. Answer: Government sets strict rules affecting businesses
within certain industries
◉ settlement. Answer: official agreement between disputing parties with
the intention to resolve a case
◉ Fair Labor Standards Act. Answer: • Was written by Congress in
1938 • Enacted the maintenance of the minimum standard of living
necessary for health, efficiency, and general well-being of workers
• Created the minimum wage law
, • Enforced any hours over 40 worked in a week calls for overtime pay
one and one-half times a person's wage per hour
• Provided child labor laws
◉ ethics. Answer: an approach toward decision making in which a
person evaluates moral principles
◉ code of ethics. Answer: a set of guidelines for maintaining ethics in
the workplace
◉ Supreme Court. Answer: highest court in the USA in Washington DC
◉ First Amendment. Answer: Freedom of speech, press, assembly,
petition, and religion.
◉ Fifth Amendment. Answer: A person cannot be put on trial twice for
the same price. No self incrimination. The right to not lose life, liberty or
property without due process of law. The right to be paid for private
property taken for public use.
◉ Sixth Amendment. Answer: The right to be tried in the state and
district where the crime was committed.The right to a public trial, the
right to have a lawyer.The right to be tried soon after being accused of a
crime.The right to obtain witnesses in ones self defense.
