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Exam (elaborations)

Essentials of the Legal Environment, Miller - Exam Preparation Test Bank (Downloadable Doc)

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Description: Test Bank for Essentials of the Legal Environment, Miller, 2e prepares you efficiently for your upcoming exams. It contains practice test questions tailored for your textbook. Essentials of the Legal Environment, Miller, 2e Test bank allow you to access quizzes and multiple choice questions written specifically for your course. The test bank will most likely cover the entire textbook. Thus, you will get exams for each chapter in the book. You can still take advatange of the test bank even though you are using newer or older edition of the book. Simply because the textbook content will not significantly change in ne editions. In fact, some test banks remain identical for all editions. Disclaimer: We take copyright seriously. While we do our best to adhere to all IP laws mistakes sometimes happen. Therefore, if you believe the document contains infringed material, please get in touch with us and provide your electronic signature. and upon verification the doc will be deleted.

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Uploaded on
June 20, 2022
Number of pages
598
Written in
2021/2022
Type
Exam (elaborations)
Contains
Questions & answers

Content preview

Chapter 1




Business and Its Legal
Environment



TRUE/FALSE QUESTIONS



1. The law establishes rights, duties, and privileges that are
consistent with the values of society.



ANSWER: T PAGE: 2 TYPE: =

Objective: AACSB Reflective Skill Level: AICPA Critical
Thinking

2. How judges apply the law to specific disputes may depend in
part on their personal philosophical views.


ANSWER: T PAGE: 2 TYPE: =

Objective: AACSB Reflective Skill Level: AICPA Critical
Thinking

3. Law is a body of enforceable rules governing relationships
among individuals and between individuals and their society.

, ANSWER: T PAGE: 2 TYPE: =

Objective: AACSB Analytic Skill Level: AICPA Legal

4. The natural law philosopher believes that the law should reflect
universal moral and ethical principles that are part of human
nature.


ANSWER: T PAGE: 3 TYPE: =

Objective: AACSB Ethics Skill Level: AICPA Critical
Thinking


5. A federal law that conflicts with the U.S. Constitution will be
deemed unconstitutional.


ANSWER: T PAGE: 6 TYPE: =

Objective: AACSB Analytic Skill Level: AICPA Legal

6. Constitutional law includes only the U.S. Constitution.


ANSWER: F PAGE: 6 TYPE: =

Objective: AACSB Analytic Skill Level: AICPA Legal

7. A state law that conflicts with the U.S. Constitution will be
deemed unconstitutional.


ANSWER: T PAGE: 6 TYPE: =

Objective: AACSB Analytic Skill Level: AICPA Legal

8. The U.S. Constitution is the supreme law of the United States.


ANSWER: T PAGE: 6 TYPE: =

, Objective: AACSB Analytic Skill Level: AICPA Legal

9. In determining whether a law is constitutional, a court will not
look at its source.


ANSWER: F PAGE: 6 TYPE: N

Objective: AACSB Analytic Skill Level: AICPA Legal

10. No state has its own constitution.


ANSWER: F PAGE: 6 TYPE: +

Objective: AACSB Reflective Skill Level: AICPA Legal

11. Federal statutes apply to all states.


ANSWER: T PAGE: 7 TYPE: N

Objective: AACSB Analytic Skill Level: AICPA Legal

12. Statutory law includes only state statutes.


ANSWER: F PAGE: 7 TYPE: +

Objective: AACSB Analytic Skill Level: AICPA Legal

13. The Uniform Commercial Code has been adopted by only a few
states.


ANSWER: F PAGE: 8 TYPE: +

Objective: AACSB Reflective Skill Level: AICPA Legal

14. Federal agency regulations take precedence over conflicting
state agency regulations.


ANSWER: T PAGE: 8 TYPE: N

, Objective: AACSB Analytic Skill Level: AICPA Legal

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