DOWNLOAD THE Test Bank for Legal Environment of Business 14th EditionMeiner
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Chapter 01: Today’s Business Environment: Law and Ethics
l l l l l l l
MultiplelChoice
1. Whichloflthelfollowinglislanlacceptedldefinitionlofllaw?
a. albodyloflrulesloflactionlorlconductlprescribedlbylcontrollinglauthoritylandlhavinglbindingllegallforce
b. albodyloflrulesloflactionlorlconductlprescribedlbylsocietylbutllackingllegallforce
c. albodyloflrulesloflactionlorlconductlprescribedlbylcourtslandlsanctionlbylinternationallsociety
d. albodyloflrulesloflactionlorlconductlprescribedlbylthelSupremelCourtlandlhavinglbindingllegallforce
ANSWER: a
FEEDBACK: a.l Correct.lLaw,linlitslgenericlsense,lislalbodyloflrulesloflactionlorlconduct
prescribedlbylthelcontrollinglauthoritylandlhavinglbindingllegallforce.
b. Incorrect.lLaw,linlitslgenericlsense,lislalbodyloflrulesloflactionlorlconductlpres
cribedlbylthelcontrollinglauthoritylandlhavinglbindingllegallforce.
c. Incorrect.lLaw,linlitslgenericlsense,lislalbodyloflrulesloflactionlorlconductlpres
cribedlbylthelcontrollinglauthoritylandlhavinglbindingllegallforce.
d. Incorrect.lLaw,linlitslgenericlsense,lislalbodyloflrulesloflactionlorlconductlpres
cribedlbylthelcontrollinglauthoritylandlhavinglbindingllegallforce.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONlTYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l BLAW.MEIN.23.1.1.1l-lDefinelbusinessllaw.
TOPICS: A-Head:lLawlandlthelKeylFunctionsloflthelLegallSystem
KEYWORDS: Bloom's;lAnalyze
DATElCREATED: 8/23/2021l9:10lAM
DATElMODIFIED: 9/11/2021l10:01lAM
2. Enforcementlofllawlinlalsocietylislimportantlbecauselit:
a. provideslsomelpredictabilitylandluniformityltolthelboundariesloflacceptablelconduct.
b. allowslalgovernmentltolmaintainlpowerloverlthelpeople.
c. leadsltolhigherlliteracylrates.
d. preventsllargeldisparitieslinlincomelacrosslthelvariousllevelsloflalsociety.
ANSWER: a
FEEDBACK: a.l Correct.lEnforcementloflthelruleslprovideslgreaterlpredictabilitylandluniformitylto
thelboundariesloflacceptablelconductlinlalsociety.
b. Incorrect.lEnforcementloflthelruleslprovideslgreaterlpredictabilitylandluniformityltolt
helboundariesloflacceptablelconductlinlalsociety.
c. Incorrect.lEnforcementloflthelruleslprovideslgreaterlpredictabilitylandluniformityltolt
helboundariesloflacceptablelconductlinlalsociety.
d. Incorrect.lEnforcementloflthelruleslprovideslgreaterlpredictabilitylandluniformityltolt
helboundariesloflacceptablelconductlinlalsociety.
POINTS: 1
DIFFICULTY: Easy
QUESTIONlTYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l BLAW.MEIN.23.1.1.1l-lDefinelbusinessllaw.
TOPICS: A-Head:lLawlandlthelKeylFunctionsloflthelLegallSystem
CopyrightlCengagelLearning.lPoweredlbylCognero. Pagel1
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KEYWORDS: Bloom's:lRemember
DATElCREATED: 8/8/2021l2:16lPM
DATElMODIFIED: 9/11/2021l10:01lAM
3. Whichloflthelfollowinglstatementslisltrue?
a. Formalllawlislrespectedlinlalllnations
b. Thelsaleloflmarijuanalislillegallworldwide
c. Thelsaleloflalcoholiclbeverageslisllegallworldwide
d. Lawlimposeslstructurelonlsocietylbyllimitinglactivitieslthatlhurtlthel"publiclinterest"
ANSWER: d
FEEDBACK: a.l Incorrect.lThellegallsystemlhelpsltoldefinelacceptablelsociallbehavior.lThellaw
limitslactivitieslthatldamagelthelpubliclinterest.
b. Incorrect.lThellegallsystemlhelpsltoldefinelacceptablelsociallbehavior.lThellawllimit
slactivitieslthatldamagelthelpubliclinterest.
c. Incorrect.lThellegallsystemlhelpsltoldefinelacceptablelsociallbehavior.lThellawllimit
slactivitieslthatldamagelthelpubliclinterest.
d. Correct.lThellegallsystemlhelpsltoldefinelacceptablelsociallbehavior.lThellawllimit
slactivitieslthatldamagelthelpubliclinterest.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONlTYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l BLAW.MEIN.23.1.1.1l-lDefinelbusinessllaw.
NATIONALlSTANDARDS:l UnitedlStatesl-lBUSPROG:lAnalyticl|lTechnologyl-lBUSPROG:lAnalytic
STATElSTANDARDS: UnitedlStatesl-lUniversall-lDISC:lAICPA:lBB-Legal
TOPICS: A-Head:lLawlandlthelKeylFunctionsloflthelLegallSystem
KEYWORDS: Bloom's:lAnalyze
DATElCREATED: 6/24/2021l2:41lPM
DATElMODIFIED: 9/11/2021l10:01lAM
4. Whichloflthelfollowinglarelreflectedlinlsomelaspectlofllaw?
a. Honestylandlintegritylarelreflectedlbylthelenforceabilityloflcontracts.
b. Respectlforlotherlpeoplelandltheirlpropertylislreflectedlinltortlandlpropertyllaw.
c. Somelmeasuresloflacceptablelbehaviorlarelreflectedlinlcriminalllaws.
d. Honestylandlintegritylarelreflectedlbylthelenforceabilityloflcontracts,lrespectlforlotherlpeoplelandltheirlprop
ertylislreflectedlinltortlandlpropertyllaw,landlsomelmeasuresloflacceptablelbehaviorlarelreflectedlinlcriminalll
aws.
ANSWER: d
FEEDBACK: a.l Incorrect.lIntegritylislreflectedlinlthelenforceabilityloflcontracts,lrespectlforlother
peoplelandltheirlpropertylislreflectedlinltortlandlpropertyllaw,landlsomelmea
suresloflacceptablelbehaviorlarelreflectedlinlcriminalllaws.
b. Incorrect.lIntegritylislreflectedlinlthelenforceabilityloflcontracts,lrespectlforlotherlpeo
plelandltheirlpropertylislreflectedlinltortlandlpropertyllaw,landlsomelmeasuresloflacc
eptablelbehaviorlarelreflectedlinlcriminalllaws.
c. Incorrect.lIntegritylislreflectedlinlthelenforceabilityloflcontracts,lrespectlforlotherlpeo
plelandltheirlpropertylislreflectedlinltortlandlpropertyllaw,landlsomelmeasuresloflacc
eptablelbehaviorlarelreflectedlinlcriminalllaws.
d. Correct.lIntegritylislreflectedlinlthelenforceabilityloflcontracts,lrespectlforlotherlpeo
plelandltheirlpropertylislreflectedlinltortlandlpropertyllaw,landlsome
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measuresloflacceptablelbehaviorlarelreflectedlinlcriminalllaws.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONlTYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l BLAW.MEIN.23.1.1.1l-lDefinelbusinessllaw.
NATIONALlSTANDARDS:l UnitedlStatesl-lBUSPROG:lAnalyticl|lTechnologyl-lBUSPROG:lAnalytic
STATElSTANDARDS: UnitedlStatesl-lUniversall-lDISC:lAICPA:lBB-Legal
TOPICS: A-Head:lLawlandlthelKeylFunctionsloflthelLegallSystem
KEYWORDS: Bloom's:lAnalyze
DATElCREATED: 6/24/2021l2:41lPM
DATElMODIFIED: 9/11/2021l10:01lAM
5. Changeslinllawslregardinglthelconsumptionloflalcohollorluseloflmarijuanalindicatelthat:
a. thellegallsystemlcanlbringlaboutlchangeslinl"acceptable"lbehavior.
b. thellegallsystemldoeslnotlchangelwithltime.
c. thellegallsystemlislsubjectltolthelwhimsloflSupremelCourtlJudges.
d. thellegallsystemlislsubjectltolthelwillloflthelgenerallpublic.
ANSWER: a
FEEDBACK: a.l Correct.lThellegallsystemlprovideslalwayltolbringlaboutlchangeslinl“acceptable”
behavior.
b. Incorrect.lThellegallsystemlprovideslalwayltolbringlaboutlchangeslinl“acc
eptable”lbehavior.
c. Incorrect.lThellegallsystemlprovideslalwayltolbringlaboutlchangeslinl“acc
eptable”lbehavior.
d. Incorrect.lThellegallsystemlprovideslalwayltolbringlaboutlchangeslinl“acc
eptable”lbehavior.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONlTYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:lBLAW.MEIN.23.1.1.6l-
lIdentifylhowltolremedylunethicallbehavior.lNATIONALlSTANDARDS:l UnitedlStatesl-
lBUSPROG:lAnalyticl|lTechnologyl-lBUSPROG:lAnalyticlSTATElSTANDARDS: UnitedlStatesl-
lUniversall-lDISC:lAICPA:l BB-Legal
TOPICS: A-Head:lLawlandlthelKeylFunctionsloflthelLegallSystem
KEYWORDS: Bloom's:lAnalyze
DATElCREATED: 6/24/2021l2:41lPM
DATElMODIFIED: 9/11/2021l10:01lAM
6. OnelexampleloflthellawlworkingltoleffectlsociallchangelinlthelU.S.lislinlthelarealof:
a. commerciallpaper.
b. negotiablelinstruments.
c. easements.
d. racialldiscrimination.
ANSWER: d
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FEEDBACK: a.l Incorrect.lInlthelpast,lsomelstateslrequiredlbusinessesltoldiscriminatelagainst
CopyrightlCengagelLearning.lPoweredlbylCognero. Pagel4
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s
Chapter 01: Today’s Business Environment: Law and Ethics
l l l l l l l
MultiplelChoice
1. Whichloflthelfollowinglislanlacceptedldefinitionlofllaw?
a. albodyloflrulesloflactionlorlconductlprescribedlbylcontrollinglauthoritylandlhavinglbindingllegallforce
b. albodyloflrulesloflactionlorlconductlprescribedlbylsocietylbutllackingllegallforce
c. albodyloflrulesloflactionlorlconductlprescribedlbylcourtslandlsanctionlbylinternationallsociety
d. albodyloflrulesloflactionlorlconductlprescribedlbylthelSupremelCourtlandlhavinglbindingllegallforce
ANSWER: a
FEEDBACK: a.l Correct.lLaw,linlitslgenericlsense,lislalbodyloflrulesloflactionlorlconduct
prescribedlbylthelcontrollinglauthoritylandlhavinglbindingllegallforce.
b. Incorrect.lLaw,linlitslgenericlsense,lislalbodyloflrulesloflactionlorlconductlpres
cribedlbylthelcontrollinglauthoritylandlhavinglbindingllegallforce.
c. Incorrect.lLaw,linlitslgenericlsense,lislalbodyloflrulesloflactionlorlconductlpres
cribedlbylthelcontrollinglauthoritylandlhavinglbindingllegallforce.
d. Incorrect.lLaw,linlitslgenericlsense,lislalbodyloflrulesloflactionlorlconductlpres
cribedlbylthelcontrollinglauthoritylandlhavinglbindingllegallforce.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONlTYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l BLAW.MEIN.23.1.1.1l-lDefinelbusinessllaw.
TOPICS: A-Head:lLawlandlthelKeylFunctionsloflthelLegallSystem
KEYWORDS: Bloom's;lAnalyze
DATElCREATED: 8/23/2021l9:10lAM
DATElMODIFIED: 9/11/2021l10:01lAM
2. Enforcementlofllawlinlalsocietylislimportantlbecauselit:
a. provideslsomelpredictabilitylandluniformityltolthelboundariesloflacceptablelconduct.
b. allowslalgovernmentltolmaintainlpowerloverlthelpeople.
c. leadsltolhigherlliteracylrates.
d. preventsllargeldisparitieslinlincomelacrosslthelvariousllevelsloflalsociety.
ANSWER: a
FEEDBACK: a.l Correct.lEnforcementloflthelruleslprovideslgreaterlpredictabilitylandluniformitylto
thelboundariesloflacceptablelconductlinlalsociety.
b. Incorrect.lEnforcementloflthelruleslprovideslgreaterlpredictabilitylandluniformityltolt
helboundariesloflacceptablelconductlinlalsociety.
c. Incorrect.lEnforcementloflthelruleslprovideslgreaterlpredictabilitylandluniformityltolt
helboundariesloflacceptablelconductlinlalsociety.
d. Incorrect.lEnforcementloflthelruleslprovideslgreaterlpredictabilitylandluniformityltolt
helboundariesloflacceptablelconductlinlalsociety.
POINTS: 1
DIFFICULTY: Easy
QUESTIONlTYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l BLAW.MEIN.23.1.1.1l-lDefinelbusinessllaw.
TOPICS: A-Head:lLawlandlthelKeylFunctionsloflthelLegallSystem
CopyrightlCengagelLearning.lPoweredlbylCognero. Pagel1
mynursytest.store
,DOWNLOAD THE Test Bank for Legal Environment of Business 14th EditionMeiner
l l l l l l l l l l l
s
KEYWORDS: Bloom's:lRemember
DATElCREATED: 8/8/2021l2:16lPM
DATElMODIFIED: 9/11/2021l10:01lAM
3. Whichloflthelfollowinglstatementslisltrue?
a. Formalllawlislrespectedlinlalllnations
b. Thelsaleloflmarijuanalislillegallworldwide
c. Thelsaleloflalcoholiclbeverageslisllegallworldwide
d. Lawlimposeslstructurelonlsocietylbyllimitinglactivitieslthatlhurtlthel"publiclinterest"
ANSWER: d
FEEDBACK: a.l Incorrect.lThellegallsystemlhelpsltoldefinelacceptablelsociallbehavior.lThellaw
limitslactivitieslthatldamagelthelpubliclinterest.
b. Incorrect.lThellegallsystemlhelpsltoldefinelacceptablelsociallbehavior.lThellawllimit
slactivitieslthatldamagelthelpubliclinterest.
c. Incorrect.lThellegallsystemlhelpsltoldefinelacceptablelsociallbehavior.lThellawllimit
slactivitieslthatldamagelthelpubliclinterest.
d. Correct.lThellegallsystemlhelpsltoldefinelacceptablelsociallbehavior.lThellawllimit
slactivitieslthatldamagelthelpubliclinterest.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONlTYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l BLAW.MEIN.23.1.1.1l-lDefinelbusinessllaw.
NATIONALlSTANDARDS:l UnitedlStatesl-lBUSPROG:lAnalyticl|lTechnologyl-lBUSPROG:lAnalytic
STATElSTANDARDS: UnitedlStatesl-lUniversall-lDISC:lAICPA:lBB-Legal
TOPICS: A-Head:lLawlandlthelKeylFunctionsloflthelLegallSystem
KEYWORDS: Bloom's:lAnalyze
DATElCREATED: 6/24/2021l2:41lPM
DATElMODIFIED: 9/11/2021l10:01lAM
4. Whichloflthelfollowinglarelreflectedlinlsomelaspectlofllaw?
a. Honestylandlintegritylarelreflectedlbylthelenforceabilityloflcontracts.
b. Respectlforlotherlpeoplelandltheirlpropertylislreflectedlinltortlandlpropertyllaw.
c. Somelmeasuresloflacceptablelbehaviorlarelreflectedlinlcriminalllaws.
d. Honestylandlintegritylarelreflectedlbylthelenforceabilityloflcontracts,lrespectlforlotherlpeoplelandltheirlprop
ertylislreflectedlinltortlandlpropertyllaw,landlsomelmeasuresloflacceptablelbehaviorlarelreflectedlinlcriminalll
aws.
ANSWER: d
FEEDBACK: a.l Incorrect.lIntegritylislreflectedlinlthelenforceabilityloflcontracts,lrespectlforlother
peoplelandltheirlpropertylislreflectedlinltortlandlpropertyllaw,landlsomelmea
suresloflacceptablelbehaviorlarelreflectedlinlcriminalllaws.
b. Incorrect.lIntegritylislreflectedlinlthelenforceabilityloflcontracts,lrespectlforlotherlpeo
plelandltheirlpropertylislreflectedlinltortlandlpropertyllaw,landlsomelmeasuresloflacc
eptablelbehaviorlarelreflectedlinlcriminalllaws.
c. Incorrect.lIntegritylislreflectedlinlthelenforceabilityloflcontracts,lrespectlforlotherlpeo
plelandltheirlpropertylislreflectedlinltortlandlpropertyllaw,landlsomelmeasuresloflacc
eptablelbehaviorlarelreflectedlinlcriminalllaws.
d. Correct.lIntegritylislreflectedlinlthelenforceabilityloflcontracts,lrespectlforlotherlpeo
plelandltheirlpropertylislreflectedlinltortlandlpropertyllaw,landlsome
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measuresloflacceptablelbehaviorlarelreflectedlinlcriminalllaws.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONlTYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l BLAW.MEIN.23.1.1.1l-lDefinelbusinessllaw.
NATIONALlSTANDARDS:l UnitedlStatesl-lBUSPROG:lAnalyticl|lTechnologyl-lBUSPROG:lAnalytic
STATElSTANDARDS: UnitedlStatesl-lUniversall-lDISC:lAICPA:lBB-Legal
TOPICS: A-Head:lLawlandlthelKeylFunctionsloflthelLegallSystem
KEYWORDS: Bloom's:lAnalyze
DATElCREATED: 6/24/2021l2:41lPM
DATElMODIFIED: 9/11/2021l10:01lAM
5. Changeslinllawslregardinglthelconsumptionloflalcohollorluseloflmarijuanalindicatelthat:
a. thellegallsystemlcanlbringlaboutlchangeslinl"acceptable"lbehavior.
b. thellegallsystemldoeslnotlchangelwithltime.
c. thellegallsystemlislsubjectltolthelwhimsloflSupremelCourtlJudges.
d. thellegallsystemlislsubjectltolthelwillloflthelgenerallpublic.
ANSWER: a
FEEDBACK: a.l Correct.lThellegallsystemlprovideslalwayltolbringlaboutlchangeslinl“acceptable”
behavior.
b. Incorrect.lThellegallsystemlprovideslalwayltolbringlaboutlchangeslinl“acc
eptable”lbehavior.
c. Incorrect.lThellegallsystemlprovideslalwayltolbringlaboutlchangeslinl“acc
eptable”lbehavior.
d. Incorrect.lThellegallsystemlprovideslalwayltolbringlaboutlchangeslinl“acc
eptable”lbehavior.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONlTYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:lBLAW.MEIN.23.1.1.6l-
lIdentifylhowltolremedylunethicallbehavior.lNATIONALlSTANDARDS:l UnitedlStatesl-
lBUSPROG:lAnalyticl|lTechnologyl-lBUSPROG:lAnalyticlSTATElSTANDARDS: UnitedlStatesl-
lUniversall-lDISC:lAICPA:l BB-Legal
TOPICS: A-Head:lLawlandlthelKeylFunctionsloflthelLegallSystem
KEYWORDS: Bloom's:lAnalyze
DATElCREATED: 6/24/2021l2:41lPM
DATElMODIFIED: 9/11/2021l10:01lAM
6. OnelexampleloflthellawlworkingltoleffectlsociallchangelinlthelU.S.lislinlthelarealof:
a. commerciallpaper.
b. negotiablelinstruments.
c. easements.
d. racialldiscrimination.
ANSWER: d
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FEEDBACK: a.l Incorrect.lInlthelpast,lsomelstateslrequiredlbusinessesltoldiscriminatelagainst
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