100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
LATEST WGU C713 BUSINESS LAW QUESTIONS WITH 100% CORRECT ANSWERS $16.49   Add to cart

Exam (elaborations)

LATEST WGU C713 BUSINESS LAW QUESTIONS WITH 100% CORRECT ANSWERS

 9 views  0 purchase
  • Course
  • WGU C713 BUSINESS LAW
  • Institution
  • WGU C713 BUSINESS LAW

The legal system in the United States is comprised of - CORRECT ANSWER 1) both state and federal constitutions 2) statutes and agency regulations 3) judicial decisions Local and state laws may not conflict with - CORRECT ANSWER federal laws Primary sources of law - CORREC...

[Show more]

Preview 4 out of 54  pages

  • August 10, 2024
  • 54
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • wgu c713 business law
  • WGU C713 BUSINESS LAW
  • WGU C713 BUSINESS LAW
avatar-seller
Courseinstructor
LATEST WGU C713 BUSINESS LAW 2024-2025
QUESTIONS WITH 100% CORRECT ANSWERS
The legal system in the United States is comprised of - CORRECT ANSWER 1) both
state and federal constitutions

2) statutes and agency regulations

3) judicial decisions



Local and state laws may not conflict with - CORRECT ANSWER federal laws



Primary sources of law - CORRECT ANSWER constitutional law, statutory law,
common law, and administrative law



the law serves to - CORRECT ANSWER 1) keep the peace

2) maintain the status quo

3) preserve individual rights

4) protect minorities against majorities

5) promote social justice

6) provide for orderly social change



The U.S. Constitution is foundational. - CORRECT ANSWER State laws can not
conflict with fed. laws



U.S. statutory and common law cannot be - CORRECT ANSWER inconsistent with its
provisions.

,LATEST WGU C713 BUSINESS LAW 2024-2025
QUESTIONS WITH 100% CORRECT ANSWERS
Congress creates statutory law (with the signature of the president) - CORRECT
ANSWER Introduced as a bill, sent to a committee, pass through house of origination,
goes to other (house of rep or senate), if passes goes To joint committee then back to
congress for full congressional vote, if passes goes to president (approve or Vito)



courts will interpret constitutional law and statutory law - CORRECT ANSWER Can
create a president, but that is not mean it will be upheld in different jurisdiction



Where there is neither constitutional law nor statutory law, - CORRECT ANSWER the
courts function in the realm of common law



50 states, each of which also has a constitution, or foundational law - CORRECT
ANSWER Can not conflict with federal law/constitution



Both the federal government and the states have created administrative agencies and an
agency only has _______ - CORRECT ANSWER the power that the legislature gives
it.



Examples of administrative agencies - CORRECT ANSWER Ex. OSHA, EPA, FTC, FCC



They use administrative law



an agency will often create regulations, which have the same force and effect as
______. - CORRECT ANSWER statutes

,LATEST WGU C713 BUSINESS LAW 2024-2025
QUESTIONS WITH 100% CORRECT ANSWERS

FCC regulates how cigarettes are advertised on tv is an example of: - CORRECT
ANSWER ADMINISTRATIVE LAW



Congress creates administrative agencies through enabling acts - CORRECT ANSWER
Act includes deligating authority and giving the agency authority as to what it will
accomplish



agencies are usually given broad powers to investigate, set standards (promulgating
regulations), and - CORRECT ANSWER enforce those standards



Most agencies are ___________, but some are independent. - CORRECT ANSWER
executive branch agencies



Administrative agencies are given unusual powers (3) - CORRECT ANSWER legislate
(make rules)

investigate

adjudicate (enforce)



Agency powers are limited by - CORRECT ANSWER executive and legislative
controls and by judicial review



Common law - CORRECT ANSWER Judge made law - A system of law based on
precedent and customs

, LATEST WGU C713 BUSINESS LAW 2024-2025
QUESTIONS WITH 100% CORRECT ANSWERS
law is made when an appellate (appeals) court endorses a rule to be used in deciding
court case



Having agencies with rule-making power is a practical necessity - CORRECT ANSWER
1) Congress does not have the expertise or continuity to develop specialized knowledge
in various areas (e.g., communications, the environment, aviation)

2) it makes sense for Congress to set forth broad statutory guidance to an agency and
delegate authority to the agency to propose rules that further the statutory purposes

3) As long as Congress makes this delegating guidance sufficiently clear, it is not
delegating improperly - NOT GIVING AWAY CONSTITUTIONAL POWER



antitrust law - CORRECT ANSWER law intended to promote free competition in the
market place by outlawing monopolies



Negative externalities - CORRECT ANSWER a cost that is suffered by a third party
as a result of an economic transaction.



Examples of leveling economic playing field to provide information to consumers: -
CORRECT ANSWER Consumer protection laws (consumers)

Securities laws (investors)

The toxics release inventory laws in environmental law (citizens)



Statutory law is to legislative bodies as common law is to: - CORRECT ANSWER
courts

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Courseinstructor. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $16.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81113 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$16.49
  • (0)
  Add to cart