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SOPHIA BUSINESS LAW FINAL MILESTONE REVIEW SHEET 2026 FULL QUESTIONS AND CORRECT ANSWERS

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SOPHIA BUSINESS LAW FINAL MILESTONE REVIEW SHEET 2026 FULL QUESTIONS AND CORRECT ANSWERS

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SOPHIA BUSINESS LAW FINAL
MILESTONE REVIEW SHEET 2026
FULL QUESTIONS AND CORRECT
ANSWERS

◉ 3 Branches of government. Answer: Legislative, Executive, Judicial


◉ The Bill of Rights. Answer: The first ten amendments to the
Constitution


◉ Sources of Law. Answer: statutory law, regulatory law, common law


◉ Statutory Law. Answer: the term used to define written laws, that
criminalize certain actions and spell out penalties for violation


◉ Common Law. Answer: Judge-made law that originated in England
from decisions shaped according to prevailing custom. Decisions were
applied to similar situations and gradually became common to the
nation.


◉ stare decisis. Answer: let the decision stand


◉ precedent. Answer: may shift or change over time

,◉ Roe v. Wade (1973). Answer: Abortion rights fall within the privacy
implied in the 14th amendment


◉ Brown v. Board of Education. Answer: 1954 - The Supreme Court
overruled Plessy v. Ferguson, declared that racially segregated facilities
are inherently unequal and ordered all public schools desegregated.


◉ Administrative Law. Answer: a branch of law that governs the
creation and operation of administrative agencies


◉ Administrative Agencies. Answer: created to protect a public interest
rather than to vindicate private rights (OSHA, EPA, FTC)


◉ Rules and regulations. Answer: Laws made by administrative
agencies


◉ Enabling Legislation. Answer: How Congress creates a federal
agency


◉ FTC. Answer: Federal Trade Commission. Protects consumers from
misleading and fraudulent advertising. Reviews advertising claims. Can
order a company to change their ad


◉ What kind of law is made when an appellate court endorses a rule to
be used in deciding court cases?. Answer: Common Law

,◉ Which kind of law is based on the interpretation of an existing law?.
Answer: Common Law


◉ Which kind of law is enacted by state or federal legislatures?.
Answer: Statutory Law


◉ Which type of law is used when the Federal Communications
Commission publishes a regulation on cigarette advertising on
television?. Answer: Administrative Law


◉ The FDA prohibits Drug A from being marketed in the US. What is
this an example of?. Answer: Agency Regulation


◉ Statutory Law is to legislative bodies as common law is to. Answer:
courts


◉ If in 1900, the Minnesota Supreme Court ruled that a minor can void
a contract at any time during minority, and, in 2014, the courts in
Minnesota still follow this ruling, what is this an example of?. Answer:
precedent


◉ What do administrative agency rules consist of?. Answer: Legislative
and interpretive rules


◉ Litigation. Answer: the process of bringing in an court to settle a
dispute

, ◉ Prosecution. Answer: criminal trial


◉ Plaintiff. Answer: civil trial


◉ Opposing side. Answer: the defense


◉ Defendant. Answer: the alleged wrongdoer


◉ Claim. Answer: a claim is a separate violation of the law


◉ Alternative Dispute Resolution (ADR). Answer: a common method of
dispute resolution that avoids many of the challenges associated with
litigation


◉ Circuit City Stores v. Adams. Answer: The U.S. Supreme Court noted
that avoiding the cost of litigation was a real benefit of arbitration


◉ Arbitration. Answer: the use of an arbitrator to settle a dispute


◉ Arbitrator. Answer: an independent person or body officially
appointed to settle a dispute

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