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UNDERSTANDING BUSINESS 12TH EDITION BY NICKELS - Test Bank $26.63   Add to cart

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UNDERSTANDING BUSINESS 12TH EDITION BY NICKELS - Test Bank

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  • December 25, 2023
  • 2814
  • 2022/2023
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,Understanding Business, 12e (Nickels)
Bonus Chapter A Working within the Legal Environment

1) The executive branch of the government is responsible for overseeing the legal system.

Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

2) The U.S. court system is organized solely at the federal and state levels.

Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

3) Trial courts hear cases involving criminal and civil law.

Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation




1
Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.

,4) Criminal law defines crimes, establishes punishments, and includes payment for personal
injury.

Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

5) Laws regulating marriage and the payment for personal injuries are part of our body of civil
law.

Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

6) Laws regulating marriage and personal injury liability are part of our body of criminal law.

Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

7) Business law creates the legal framework for the enforcement of criminal statutes.

Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation


2
Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.

, 8) Appellate courts hear the appeals of decisions made at the trial court level brought by the
losing party in the case.

Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

9) Businesses today prefer to have the government set the standards for acceptable behavior.

Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

10) Business law refers to a body of regulations that, when enforced, provides a framework
within which business may be conducted.

Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

11) Business law is enforceable by the courts.

Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation


3
Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.

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