Test Bank for Financial Reporting and Analysis, 13th Edition by Gibson

Test Bank for Business Its Legal Ethical and Global
Environment 10th Edition by Jennings


1. Violations of civil laws can result in imprisonment.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: Classifications of Law
KEYWORDS: Bloom's: Knowledge


2. If conduct is a criminal violation, it cannot also be a civil violation.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: Classifications of Law
KEYWORDS: Bloom's: Comprehension


3. There are no criminal laws at the federal level.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: Classifications of Law
KEYWORDS: Bloom's: Knowledge


4. Terms of a consulting contract are an example of private law.
a. True

, b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: Classifications of Law
KEYWORDS: Bloom's: Knowledge


5. Substantive laws provide the means and mechanisms for the enforcement of laws.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: Classifications of Law
KEYWORDS: Bloom's: Knowledge


6. Stare decisis is Latin for "let the decision stand."
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: Classifications of Law
KEYWORDS: Bloom's: Knowledge


7. The common law in each state is the same.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: Classifications of Law
KEYWORDS: Bloom's: Knowledge

,8. Jurisprudence is legal philosophy.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: The Theory of Law: Jurisprudence
KEYWORDS: Bloom's: Knowledge


9. Zoning laws are substantive only.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: Classifications of Law
Sources of Law
KEYWORDS: Bloom's: Application


10. The scholars of jurisprudence generally agree on the theory of law.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: The Theory of Law: Jurisprudence
KEYWORDS: Bloom's: Knowledge


11. Statutory law exists at all levels of government.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy

, NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: Sources of Law
KEYWORDS: Bloom's: Knowledge


12. The United States Code includes laws on anticompetitive activities as well as laws regulating the sale
of securities.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: Sources of Law
KEYWORDS: Bloom's: Application


13. Ordinances are generally found in state legislative codes.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: Sources of Law
KEYWORDS: Bloom's: Application


14. The Code of Federal Regulations includes the enactments of federal administrative agencies.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
STATE STANDARDS: United States - OH - AICPA: BB-Legal
TOPICS: Sources of Law
KEYWORDS: Bloom's: Knowledge


15. States do not have administrative laws.
a. True