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Business Law Midterm Exam Questions with Correct Solutions
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Business Law Midterm Exam Questions withCorrect Solutions
Business ethics looks at the decisions that businesses make or have to make and whether those
decisions are right or wrong.
T or F - ✔✔True
As chief executive officer of Alabama Archery Supplies, Bertrand applies ethical standards
derived from religious principles. For businesses, religious principles can be:
a) a unifying force for employees.
b) all of the choices.
c) a rallying point to increase employee motivation.
d) the basis for an action that leads to negative publicity. - ✔✔b) all of the choices.
Fleet Trucking Company transports hazardous waste. Garn is a Fleet driver, whom the company
knows drives longer hours than federal regulations permit. One night, Garn exceeds the limit
and has an accident. Spilled chemicals contaminate Hill City's water source, forcing the
residents to move away. Fleet acted unethically because:
a) Fleet showed reckless disregard for Hill City's residents and others.
b) Garn exceeded the federal time limit.
c) harm was caused by an unfortunate accident.
d) Hill City should have better protected its water source. - ✔✔a) Fleet showed reckless
disregard for Hill City's residents and others.
,In studying the legal environment of business, students also review ethics in a business context.
Ethics includes the study of what constitutes:
a) fair or just behavior.
b) financially rewarding behavior.
c) legal behavior.
d) religious behavior. - ✔✔a) fair or just behavior.
The legality of an action is always clear.
T or F - ✔✔False
Ridgeline Excavation & Construction, LLC, creates an internal code of ethics. Like the codes of
other firms, Ridgeline's company code is not:
a) law.
b) a set of rules that the company can enforce.
c) an outline of the company's policies.
d) a guide for decision makers facing ethical questions. - ✔✔a) Law
A business firm may have to comply with the laws of any jurisdiction in which it actively targets
customers.
T or F - ✔✔True
Olivia, a citizen of Nebraska, wants to file a suit against Micah, a citizen of Kansas. Their
diversity of citizenship may be a basis for:
, a) no court to exercise jurisdiction.
b) a federal court to exercise original jurisdiction.
c) a state court to exercise appellate jurisdiction.
d) the United States Supreme Court to refuse jurisdiction - ✔✔b) a federal court to exercise
original jurisdiction.
Millie and Noble dispute the quality of a set of patio furniture sold over the Internet. They
agree to resolve their dispute in Come2Terms.com, an online forum. Like most online forums,
Come2Terms.com applies
a) general, universal legal principles.
b) the provisions of the Federal Arbitration Act.
c) jurisprudence developed by the United Nations.
d) the law of California (or another specific U.S. jurisdiction). - ✔✔a) general, universal legal
principles.
Kari and Lillian, who are citizens of Mississippi, are involved in a case related to the adoption of
their child. Over this case, Mississippi state courts have
a)concurrent jurisdiction with federal courts.
b) concurrent jurisdiction with other state courts.
c) exclusive jurisdiction.
d) no jurisdiction. - ✔✔c) exclusive jurisdiction.
A motion for summary judgment may be made before, during, or after a trial.
T or F - ✔✔True
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