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Exam (elaborations)

Test Bank to Accompany Essentials of the Legal Environment,Miller,2e

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Tired from studying endless hours with no results? Do you dream to obtain an A+ in your class? Look no further because we have the right solution for you. With the test bank for Essentials of the Legal Environment,Miller,2e you will be able to practice and prepare for tests via authentic exam questions written by top professors in the field. The test bank allows you to access many exam-like questions from different difficulties. Buy the test bank now and start studying for exams like a guru!

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Roger Miller, Frank Cross, Gaylord Jentz Cengage Advantage Books: Essentials of the Legal Environment
  • 2007
  • 9780324400403
  • Unknown

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Uploaded on
June 7, 2024
Number of pages
598
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers

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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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