DOWNLOAD THE Test Bank for Legal Environment of Business 14th Edition Meiner
m m m m m m m m m m m
s
Chapterm01:mToday’s mBusiness mEnvironment:mLawmand mEthics
MultiplemChoice
1. Which mof mthemfollowingmisman maccepted mdefinition mof mlaw?
a. ambody mof mrulesmof maction mormconductmprescribed mby mcontrollingmauthority mand mhavingmbindingmlegalmforce
b. ambody mof mrulesmof maction mormconductmprescribed mby msociety mbutmlackingmlegalmforce
c. ambody mof mrulesmof maction mormconductmprescribed mby mcourtsmand msanction mby minternationalmsociety
d. ambody mof mrulesmof maction mormconductmprescribed mby mthemSupreme mCourtmand mhavingmbindingmlegalmforce
ANSWER: a
FEEDBACK: a.mCorrect. mLaw,minmits mgeneric msense, mis mambody mof mrules mof mactionmormconduct
prescribed mby mthemcontrolling mauthority mand mhaving mbinding mlegalmf orce.
b. Incorrect. mLaw,minmits mgeneric msense, mis mambodymofmrules mofmactionmormcon
duct mprescribed mby mthemcontrolling mauthority mand mhaving mbinding mlegalmfo
rce.
c. Incorrect. mLaw,minmits mgeneric msense, mis mambodymofmrules mofmactionmormcon
duct mprescribed mby mthemcontrolling mauthority mand mhaving mbinding mlegalmfo
rce.
d. Incorrect. mLaw,minmits mgeneric msense, mis mambodymofmrules mofmactionmormcon
duct mprescribed mby mthemcontrolling mauthority mand mhaving mbinding mlegalmfo
rce.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONmTYPE: MultiplemChoice
HAS mVARIABLES: False
LEARNINGmOBJECTIVES:m BLAW.MEIN.23.1.1.1 m-mDefine mbusinessmlaw.
TOPICS: A-Head:mLawmand mthemKey mFunctionsmof mthemLegalmSystem
KEYWORDS: Bloom's;mAnalyze
DATEmCREATED: 8/23/2021 m9:10 mAM
DATEmMODIFIED: 9/11/2021 m10:01 mAM
2. Enforcementmof mlawmin mamsociety mismimportantmbecause mit:
a. providesmsome mpredictability mand muniformity mto mthemboundariesmof macceptable mconduct.
b. allowsmamgovernmentmto mmaintain mpowermovermthempeople.
c. leadsmto mhighermliteracy mrates.
d. preventsmlargemdisparitiesmin mincome macrossmthemvariousmlevelsmof mamsociety.
ANSWER: a
FEEDBACK: a.mCorrect. mEnf orcement mof mthemrules mprovides mgreatermpredictability mand munif ormity mto
themboundaries mof macceptablemconduct minmamsociety.
b. Incorrect. mEnf orcement mof mthemrules mprovides mgreatermpredictability mand munif or
mity mto mthemboundaries mof macceptablemconduct minmamsociety.
c. Incorrect. mEnf orcement mof mthemrules mprovides mgreatermpredictability mand munif or
mity mto mthemboundaries mof macceptablemconduct minmamsociety.
d. Incorrect. mEnf orcement mof mthemrules mprovides mgreatermpredictability mand munif or
mity mto mthemboundaries mof macceptablemconduct minmamsociety.
POINTS: 1
DIFFICULTY: Easy
QUESTIONmTYPE: MultiplemChoice
HAS mVARIABLES: False
CopyrightmCengagemLearning.mPoweredmby mCogne Pagem1
ro.
mynursytest.store
,DOWNLOAD THE Test Bank for Legal Environment of Business 14th Edition Meiner
m m m m m m m m m m m
s
LEARNINGmOBJECTIVES:m BLAW.MEIN.23.1.1.1 m-mDefine mbusinessmlaw.
TOPICS: A-Head:mLawmand mthemKey mFunctionsmof mthemLegalmSystem
CopyrightmCengagemLearning.mPoweredmby mCogne Pagem2
ro.
mynursytest.store
,DOWNLOAD THE Test Bank for Legal Environment of Business 14th Edition Meiner
m m m m m m m m m m m
s
KEYWORDS: Bloom's:mRemember
DATEmCREATED: 8/8/2021 m2:16 mPM
DATEmMODIFIED: 9/11/2021 m10:01 mAM
3. Which mofmthemfollowingmstatementsmismtrue
?
a. Formalmlawmismrespected min mallmnations
b. Themsalemof mmarijuana mismillegalmworldwide
c. Themsalemof malcoholic mbeveragesmismlegalmworldwide
d. Lawmimposesmstructuremon msociety mby mlimitingmactivitiesmthatmhurtmthem"publicminterest"
ANSWER: d
FEEDBACK: a.mIncorrect. mThemlegalmsystemmhelps mto mdef inemacceptablemsocialmbehavior. mThemlaw
limits mactivities mthat mdamagemthempublic minterest.
b. Incorrect. mThemlegalmsystemmhelps mto mdefinemacceptablemsocialmbehavior. mThem
lawmlimits mactivities mthat mdamagemthempublic minterest.
c. Incorrect. mThemlegalmsystemmhelps mto mdefinemacceptablemsocialmbehavior. mThem
lawmlimits mactivities mthat mdamagemthempublic minterest.
d. Correct. mThemlegalmsystemmhelps mto mdefinemacceptablemsocialmbehavior. mThem
lawmlimits mactivities mthat mdamagemthempublic minterest.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONmTYPE: MultiplemChoice
HAS mVARIABLES: False
LEARNINGmOBJECTIVES:m BLAW.MEIN.23.1.1.1 m-mDefine mbusinessmlaw.
NATIONALmSTANDARDS:m United mStatesm-mBUSPROG:mAnalyticm|mTechnology m-mBUSPROG:mAnalytic
STATEmSTANDARDS: United mStatesm-mUniversalm-mDISC:mAICPA:mBB-Legal
TOPICS: A-Head:mLawmand mthemKey mFunctionsmof mthemLegalmSystem
KEYWORDS: Bloom's:mAnalyze
DATEmCREATED: 6/24/2021 m2:41 mPM
DATEmMODIFIED: 9/11/2021 m10:01 mAM
4. Which mof mthemfollowingmaremreflected min msomemaspectmof mlaw?
a. Honesty mand mintegrity maremreflected mby mthemenforceability mof mcontracts.
b. Respectmformothermpeoplemand mtheirmproperty mismreflected min mtortmand mproperty mlaw.
c. Somemmeasuresmof macceptable mbehaviormaremreflected min mcriminalmlaws.
d. Honesty mandmintegrity maremreflected mby mthemenforceabilitymofmcontracts,mrespectmformothermpeoplemand mth
eirmpropertymismreflectedmin mtortmandmpropertymlaw,mandmsomemmeasuresmofmacceptablembehaviormaremrefl
ected min mcriminalmlaws.
ANSWER: d
FEEDBACK: a.mIncorrect. mIntegrity mis mref lected minmthemenf orceability mof mcontracts, mrespect mf ormother
peoplemand mtheirmproperty mis mref lected minmtort mand mproperty mlaw, mand mso
memmeasures mof macceptablembehaviormaremref lected minmcriminalmlaws.
b. Incorrect. mIntegrity mis mref lected minmthemenf orceability mofmcontracts, mrespect mformot
hermpeoplemand mtheirmproperty mis mref lected minmtort mand mproperty mlaw, mand msome
mmeasures mof macceptablembehaviormaremref lected minmcriminal mlaws.
c. Incorrect. mIntegrity mis mref lected minmthemenf orceability mofmcontracts, mrespect mformot
hermpeoplemand mtheirmproperty mis mref lected minmtort mand mproperty mlaw, mand msome
mmeasures mof macceptablembehaviormaremref lected minmcriminal mlaws.
d. Correct. mIntegrity mis mref lected minmthemenf orceability mofmcontracts,mrespectmformot
CopyrightmCengagemLearning.mPoweredmby mCogne Pagem3
ro.
mynursytest.store
, DOWNLOAD THE Test Bank for Legal Environment of Business 14th Edition Meiner
m m m m m m m m m m m
s
hermpeoplemand mtheirmproperty mis mref lected minmtort mand mproperty mlaw, mand msom
e
CopyrightmCengagemLearning.mPoweredmby mCogne Pagem4
ro.
mynursytest.store
m m m m m m m m m m m
s
Chapterm01:mToday’s mBusiness mEnvironment:mLawmand mEthics
MultiplemChoice
1. Which mof mthemfollowingmisman maccepted mdefinition mof mlaw?
a. ambody mof mrulesmof maction mormconductmprescribed mby mcontrollingmauthority mand mhavingmbindingmlegalmforce
b. ambody mof mrulesmof maction mormconductmprescribed mby msociety mbutmlackingmlegalmforce
c. ambody mof mrulesmof maction mormconductmprescribed mby mcourtsmand msanction mby minternationalmsociety
d. ambody mof mrulesmof maction mormconductmprescribed mby mthemSupreme mCourtmand mhavingmbindingmlegalmforce
ANSWER: a
FEEDBACK: a.mCorrect. mLaw,minmits mgeneric msense, mis mambody mof mrules mof mactionmormconduct
prescribed mby mthemcontrolling mauthority mand mhaving mbinding mlegalmf orce.
b. Incorrect. mLaw,minmits mgeneric msense, mis mambodymofmrules mofmactionmormcon
duct mprescribed mby mthemcontrolling mauthority mand mhaving mbinding mlegalmfo
rce.
c. Incorrect. mLaw,minmits mgeneric msense, mis mambodymofmrules mofmactionmormcon
duct mprescribed mby mthemcontrolling mauthority mand mhaving mbinding mlegalmfo
rce.
d. Incorrect. mLaw,minmits mgeneric msense, mis mambodymofmrules mofmactionmormcon
duct mprescribed mby mthemcontrolling mauthority mand mhaving mbinding mlegalmfo
rce.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONmTYPE: MultiplemChoice
HAS mVARIABLES: False
LEARNINGmOBJECTIVES:m BLAW.MEIN.23.1.1.1 m-mDefine mbusinessmlaw.
TOPICS: A-Head:mLawmand mthemKey mFunctionsmof mthemLegalmSystem
KEYWORDS: Bloom's;mAnalyze
DATEmCREATED: 8/23/2021 m9:10 mAM
DATEmMODIFIED: 9/11/2021 m10:01 mAM
2. Enforcementmof mlawmin mamsociety mismimportantmbecause mit:
a. providesmsome mpredictability mand muniformity mto mthemboundariesmof macceptable mconduct.
b. allowsmamgovernmentmto mmaintain mpowermovermthempeople.
c. leadsmto mhighermliteracy mrates.
d. preventsmlargemdisparitiesmin mincome macrossmthemvariousmlevelsmof mamsociety.
ANSWER: a
FEEDBACK: a.mCorrect. mEnf orcement mof mthemrules mprovides mgreatermpredictability mand munif ormity mto
themboundaries mof macceptablemconduct minmamsociety.
b. Incorrect. mEnf orcement mof mthemrules mprovides mgreatermpredictability mand munif or
mity mto mthemboundaries mof macceptablemconduct minmamsociety.
c. Incorrect. mEnf orcement mof mthemrules mprovides mgreatermpredictability mand munif or
mity mto mthemboundaries mof macceptablemconduct minmamsociety.
d. Incorrect. mEnf orcement mof mthemrules mprovides mgreatermpredictability mand munif or
mity mto mthemboundaries mof macceptablemconduct minmamsociety.
POINTS: 1
DIFFICULTY: Easy
QUESTIONmTYPE: MultiplemChoice
HAS mVARIABLES: False
CopyrightmCengagemLearning.mPoweredmby mCogne Pagem1
ro.
mynursytest.store
,DOWNLOAD THE Test Bank for Legal Environment of Business 14th Edition Meiner
m m m m m m m m m m m
s
LEARNINGmOBJECTIVES:m BLAW.MEIN.23.1.1.1 m-mDefine mbusinessmlaw.
TOPICS: A-Head:mLawmand mthemKey mFunctionsmof mthemLegalmSystem
CopyrightmCengagemLearning.mPoweredmby mCogne Pagem2
ro.
mynursytest.store
,DOWNLOAD THE Test Bank for Legal Environment of Business 14th Edition Meiner
m m m m m m m m m m m
s
KEYWORDS: Bloom's:mRemember
DATEmCREATED: 8/8/2021 m2:16 mPM
DATEmMODIFIED: 9/11/2021 m10:01 mAM
3. Which mofmthemfollowingmstatementsmismtrue
?
a. Formalmlawmismrespected min mallmnations
b. Themsalemof mmarijuana mismillegalmworldwide
c. Themsalemof malcoholic mbeveragesmismlegalmworldwide
d. Lawmimposesmstructuremon msociety mby mlimitingmactivitiesmthatmhurtmthem"publicminterest"
ANSWER: d
FEEDBACK: a.mIncorrect. mThemlegalmsystemmhelps mto mdef inemacceptablemsocialmbehavior. mThemlaw
limits mactivities mthat mdamagemthempublic minterest.
b. Incorrect. mThemlegalmsystemmhelps mto mdefinemacceptablemsocialmbehavior. mThem
lawmlimits mactivities mthat mdamagemthempublic minterest.
c. Incorrect. mThemlegalmsystemmhelps mto mdefinemacceptablemsocialmbehavior. mThem
lawmlimits mactivities mthat mdamagemthempublic minterest.
d. Correct. mThemlegalmsystemmhelps mto mdefinemacceptablemsocialmbehavior. mThem
lawmlimits mactivities mthat mdamagemthempublic minterest.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONmTYPE: MultiplemChoice
HAS mVARIABLES: False
LEARNINGmOBJECTIVES:m BLAW.MEIN.23.1.1.1 m-mDefine mbusinessmlaw.
NATIONALmSTANDARDS:m United mStatesm-mBUSPROG:mAnalyticm|mTechnology m-mBUSPROG:mAnalytic
STATEmSTANDARDS: United mStatesm-mUniversalm-mDISC:mAICPA:mBB-Legal
TOPICS: A-Head:mLawmand mthemKey mFunctionsmof mthemLegalmSystem
KEYWORDS: Bloom's:mAnalyze
DATEmCREATED: 6/24/2021 m2:41 mPM
DATEmMODIFIED: 9/11/2021 m10:01 mAM
4. Which mof mthemfollowingmaremreflected min msomemaspectmof mlaw?
a. Honesty mand mintegrity maremreflected mby mthemenforceability mof mcontracts.
b. Respectmformothermpeoplemand mtheirmproperty mismreflected min mtortmand mproperty mlaw.
c. Somemmeasuresmof macceptable mbehaviormaremreflected min mcriminalmlaws.
d. Honesty mandmintegrity maremreflected mby mthemenforceabilitymofmcontracts,mrespectmformothermpeoplemand mth
eirmpropertymismreflectedmin mtortmandmpropertymlaw,mandmsomemmeasuresmofmacceptablembehaviormaremrefl
ected min mcriminalmlaws.
ANSWER: d
FEEDBACK: a.mIncorrect. mIntegrity mis mref lected minmthemenf orceability mof mcontracts, mrespect mf ormother
peoplemand mtheirmproperty mis mref lected minmtort mand mproperty mlaw, mand mso
memmeasures mof macceptablembehaviormaremref lected minmcriminalmlaws.
b. Incorrect. mIntegrity mis mref lected minmthemenf orceability mofmcontracts, mrespect mformot
hermpeoplemand mtheirmproperty mis mref lected minmtort mand mproperty mlaw, mand msome
mmeasures mof macceptablembehaviormaremref lected minmcriminal mlaws.
c. Incorrect. mIntegrity mis mref lected minmthemenf orceability mofmcontracts, mrespect mformot
hermpeoplemand mtheirmproperty mis mref lected minmtort mand mproperty mlaw, mand msome
mmeasures mof macceptablembehaviormaremref lected minmcriminal mlaws.
d. Correct. mIntegrity mis mref lected minmthemenf orceability mofmcontracts,mrespectmformot
CopyrightmCengagemLearning.mPoweredmby mCogne Pagem3
ro.
mynursytest.store
, DOWNLOAD THE Test Bank for Legal Environment of Business 14th Edition Meiner
m m m m m m m m m m m
s
hermpeoplemand mtheirmproperty mis mref lected minmtort mand mproperty mlaw, mand msom
e
CopyrightmCengagemLearning.mPoweredmby mCogne Pagem4
ro.
mynursytest.store
