Comprehensive Questions and
Solutions Graded A+
What is the six Functional Field of Business - Answer: 1. Corporate Management 2. Production
and Transportation 3. Marketing 4. Research Development 5. Accounting and Finance 6. Human
Resource Management
Linking Business Law to Small Business - Answer: Business Organization, Taxation, Intellectual
Property, Administrative Law, Employment, Contract, Sale, Lease, Accounting, Finance,
What are the primary sources of law? - Answer: The Constitutional Law, Statutory Law,
Administrative Law, and Case Law
What are the secondary sources of law? - Answer: The summary of the court decisions
Area of the Law that might affect Business Decision - Answer: Contracts, Sales, Negotiable
Instruments, Creditors' Rights, Intellectual Property, E-Commerce, Product Liability, Torts,
Agency, Business Organizations, Professional Liability, Courts and Court Procedures.
What is the Constitutional Law? - Answer: The Constitutional Law is the Supreme Law of the
Land
What is the Statutory Law? - Answer: Laws enacted by federal or state legislatures