FBLA Business Law Exam | 2026/2027 | A+ Grade | Questions and Answers | Complete Competition Preparation Study Guide

FBLA Business Law 2026 questions and answers 2026\2027 A+
Grade


Ethics
- correct answer Moral principles that guide behavior



Honesty
- correct answer Truthfulness in actions and communication



Integrity
- correct answer Consistently doing what is right



Justice
- correct answer Fair treatment under the law



Law
- correct answer Rules enforced by government



Ethics vs law
- correct answer Ethics guide behavior; laws enforce minimum standards



Local government
- correct answer Governs cities and counties



State government
- correct answer Governs within a state



Federal government
- correct answer Governs the nation

, Statutory law
- correct answer Written laws passed by legislatures



Bill
- correct answer Proposed law



Statute
- correct answer Law passed by a legislature



Sources of law
- correct answer Constitutions, statutes, regulations, court decisions



Criminal law
- correct answer Law dealing with crimes against society



Civil law
- correct answer Law dealing with disputes between individuals



Business law
- correct answer Law affecting business activities



Felony
- correct answer Serious crime with severe punishment



Misdemeanor
- correct answer Less serious crime



Tort
- correct answer Civil wrong causing harm



Negligence per se
- correct answer Automatic negligence due to law violation