Question 1

Another name for case law is common law.

Accepted Answer

Case law, also called common law, is the collection of legal interpretations made by judges.

Question 2

The decision of a state supreme court is binding on a lower state court located in the state.

Accepted Answer

When an issue is brought before a state court, the court will determine whether the state supreme court has made a decision on a similar issue, which creates a binding precedent or pattern of law the lower court must follow.

Question 3

A majority of citizens in a democracy can agree to permit certain authorities to make and enforce rules describing what behavior is permitted and encouraged in their community. These rules are what we refer to as the ______.
A) Electoral college
B) Community standard
C) Democratic validation
D) Stare decisis
E) Law

Accepted Answer

A majority of citizens in a democracy can agree to permit certain authorities to make and enforce rules of behavior in their community, and these rules are the law.

Question 4

Because of the law, we rely on the goodwill and dependability of one another.

Accepted Answer

In the absence of law, we would rely solely on the goodwill and dependability of one another.

Question 5

Laws are enforced by which of the following?
A) State legislatures
B) Federal Congress
C) Community consensus
D) Courts
E) The executive branch

Accepted Answer

Law is enforceable in the courts the community maintains.

Question 6

Case law interpretations are law unless they are revoked later by new statutory law.

Accepted Answer

Case law, also called common law, interpretations are law unless revoked later by new statutory law.

Question 7

The term "natural law" is another word for "legal positivism."

Accepted Answer

The term "natural law" describes certain ethical laws and principles believed to be morally right and "above" the laws devised by humans whereas the term "legal positivism" focuses on obedience to duly authorized law.

Question 8

Which type of law involves incidents in which someone commits an act against the public as a unit?
A) Criminal
B) Procedural
C) Civil
D) Natural
E) Positive

Accepted Answer

Criminal law regulates incidents in which someone commits an act against the public as a whole.

Question 9

Public law controls disputes between private individuals or between groups and their government.

Accepted Answer

Public law controls disputes between private individuals or between groups and their government.

Question 10

Presidents claim the power to issue executive orders on the basis of their Article II, Section 1, constitutional power to "take care that the laws be faithfully executed."

Accepted Answer

Presidents claim the power to issue executive orders on the basis of their Article II, Section 1, constitutional power to "take care that the laws be faithfully executed."

Question 11

Which type of law delineates the rights and responsibilities involved in relationships between persons and their government?
A) Criminal
B) Procedural
C) Civil
D) Natural
E) Positive

Accepted Answer

Civil law delineates the rights and responsibilities implied in relationships between persons and their government.

Question 12

Which of the following would be relevant areas of business law to a human resource manager?
A) Contracts, employment and labor law, and employment discrimination
B) Contracts only
C) Contracts and labor law, but not employment discrimination
D) Employment and labor law, but not contracts
E) Human resource managers hold administrative positions and are not concerned with areas of business law

Accepted Answer

Relevant areas of business law applicable to human resource management involve agency law, contracts, employment and labor law, and employment discrimination.

Question 13

Cyberlaw is based primarily on existing laws.

Accepted Answer

While some new laws have been adopted to regulate the kinds of activities businesses can now conduct online, cyberlaw is based primarily on existing laws.

Question 14

Assume a business person who owns a computer equipment store is delinquent in paying rent to the landlord. The resulting dispute focuses on _____ law.
A) Public
B) Preferential
C) Consensual
D) Private
E) Black letter

Accepted Answer

Private law regulates disputes between private individuals or groups.

Question 15

Which of the following refers to the ability to understand the structure of what someone is saying and then apply a set of criteria to evaluate its worth?
A) Absolute skills
B) Critical-thinking skills
C) Cost-benefit skills
D) Reviewability skills
E) Traditional lawyer skills

Accepted Answer

Success in business requires the development of critical-thinking skills - the ability to understand the structure of what someone is saying and then apply a set of criteria to evaluate its worth.

Question 16

If a computer store dumps waste behind its building in violation of local, state, or federal environmental regulations, the resulting dispute focuses on _____ law.
A) Public
B) Preferential
C) Consensual
D) Private
E) Black letter

Accepted Answer

Public law controls disputes between private individuals or between groups and their government.

Question 17

Joan comes to Mike's law office to ask him about the law in regard to dogs running at large in her neighborhood. Mike tells Joan that he will research the issue and get back with her. Where should Mike look first in order to locate applicable law?
A) Restatements
B) State statutes
C) Case law
D) The state constitution
E) Executive orders

Accepted Answer

Case law is law unless revoked by new statutory law; therefore, statutory law should be consulted first.

Question 18

Business law consists of the enforceable rules of conduct that govern commercial relationships.

Accepted Answer

Business law consists of the enforceable rules of conduct that govern commercial relationships.

Question 19

Constitutions and statutes are complete in the sense of covering the detailed rules that affect government and business relations.

Accepted Answer

Constitutions and statutes never cover all the detailed rules that affect relationships between government and business.

Question 20

The term "stare decisis" means "reversing the decision."

Accepted Answer

The principle of "stare decisis" refers to "standing by their decision," a reference to rulings made in higher courts that become a binding precedent for lower courts.

Quiz 1: An Introduction to Dynamic Business Law

Another name for case law is common law.

The decision of a state supreme court is binding on a lower state court located in the state.

A majority of citizens in a democracy can agree to permit certain authorities to make and enforce rules describing what behavior is permitted and encouraged in their community. These rules are what we refer to as the ______.

Because of the law, we rely on the goodwill and dependability of one another.

Laws are enforced by which of the following?

Case law interpretations are law unless they are revoked later by new statutory law.

The term "natural law" is another word for "legal positivism."

Which type of law involves incidents in which someone commits an act against the public as a unit?

Public law controls disputes between private individuals or between groups and their government.

Presidents claim the power to issue executive orders on the basis of their Article II, Section 1, constitutional power to "take care that the laws be faithfully executed."

Which type of law delineates the rights and responsibilities involved in relationships between persons and their government?

Which of the following would be relevant areas of business law to a human resource manager?

Cyberlaw is based primarily on existing laws.

Assume a business person who owns a computer equipment store is delinquent in paying rent to the landlord. The resulting dispute focuses on _____ law.

Which of the following refers to the ability to understand the structure of what someone is saying and then apply a set of criteria to evaluate its worth?

If a computer store dumps waste behind its building in violation of local, state, or federal environmental regulations, the resulting dispute focuses on _____ law.

Joan comes to Mike's law office to ask him about the law in regard to dogs running at large in her neighborhood. Mike tells Joan that he will research the issue and get back with her. Where should Mike look first in order to locate applicable law?

Business law consists of the enforceable rules of conduct that govern commercial relationships.

Constitutions and statutes are complete in the sense of covering the detailed rules that affect government and business relations.

The term "stare decisis" means "reversing the decision."