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Business Law Today 8th Edition by Miller - Test Bank $27.15   Add to cart

Exam (elaborations)

Business Law Today 8th Edition by Miller - Test Bank

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  • October 25, 2023
  • 1063
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
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, Chapter 1


The Legal Environment

N.B.: TYPE indicates that a question is new, modified, or unchanged,
as follows.

N A question new to this edition of the Test Bank.
+ A question modified from the previous edition of the Test
Bank,
= A question included in the previous edition of the Test Bank.


TRUE/FALSE QUESTIONS

1. The law establishes rights, duties, and privileges that are consistent
with the values of society.

ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Reflective LOC: AICPA Critical Thinking

2. How judges apply the law to specific disputes may depend in part on
their personal philosophical views.

ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Reflective LOC: AICPA Critical Thinking

3. Law includes enforceable rules governing relationships between
individuals and their society.

ANSWER: T PAGE: 2 TYPE: +
NAT: AACSB Analytic LOC: AICPA Legal

4. The natural law philosopher believes that the law should reflect
universal moral and ethical principles that are part of human nature.
1

,2 UNIT ONE: THE LEGAL ENVIRONMENT OF BUSINESS



ANSWER: T PAGE: 3 TYPE: =
NAT: AACSB Ethics LOC: AICPA Critical Thinking

, CHAPTER 1: THE LEGAL ENVIRONMENT 3

5. Constitutional law includes only the U.S. Constitution.

ANSWER: F PAGE: 6 TYPE: =
NAT: AACSB Analytic LOC: AICPA Legal

6. A federal law that conflicts with the U.S. Constitution will be deemed
unconstitutional.

ANSWER: T PAGE: 6 TYPE: =
NAT: AACSB Analytic LOC: AICPA Legal

7. A state law that conflicts with the U.S. Constitution will be deemed
unconstitutional.

ANSWER: T PAGE: 6 TYPE: =
NAT: AACSB Analytic LOC: AICPA Legal

8. The U.S. Constitution is the supreme law of the United States.

ANSWER: T PAGE: 6 TYPE: =
NAT: AACSB Analytic LOC: AICPA Legal

9. Whether a law is constitutional depends on its source.

ANSWER: F PAGE: 6 TYPE: N
NAT: AACSB Analytic LOC: AICPA Legal

10. A state constitution is supreme within the state’s borders so long as it
does not conflict with the U.S. Constitution or a federal law.

ANSWER: T PAGE: 6 TYPE: N
NAT: AACSB Analytic LOC: AICPA Legal

11. Uniform laws apply in all states, including those in which the laws
have not been adopted.

ANSWER: F PAGE: 7 TYPE: N
NAT: AACSB Analytic LOC: AICPA Legal

12. Federal statutes apply to all states.

ANSWER: T PAGE: 7 TYPE: N
NAT: AACSB Analytic LOC: AICPA Legal

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