Test Bank for The Legal Environment of Business Text and Cases, 11th Edition Cross (All Chapters included)
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Module
Business Analytics
Institution
Business Analytics
Complete Test Bank for The Legal Environment of Business Text and Cases, 11th Edition by Frank B. Cross, Roger LeRoy Miller ; ISBN13: 9780357129760. (Full Chapters included Chapter 1 to 28)....
1. Law and Legal Reasoning.
2. Business and the Constitution.
3. Ethics in Business.
4. Courts and Al...
The Legal Environment of Business
Text and Cases
11th Edition
by Frank B. Cross
Complete Chapters Test Bank are
included (Ch 1 to 28)
** Immediate Download
** Swift Response
** All Chapters included
,Name: Class: Date:
Ch01: Law and Legal Reasoning
True / False
1. In the United States, the law consists of written laws and court decisions.
a. True
b. False
ANSWER: True
2. The legal rules that control a business’s actions reflect past and current thinking about how similar businesses
should and should not act.
a. True
b. False
ANSWER: True
3. Because laws may change, the ability to analyze and evaluate the legal ramifications of situations as they
arise is not a lasting skill.
a. True
b. False
ANSWER: False
4. The study of business law does not involve an ethical dimension.
a. True
b. False
ANSWER: False
5. Compartmentalizing the law into discrete topics indicates that each business transaction is subject to only one
specific area of the law.
a. True
b. False
ANSWER: False
6. A constitution is a primary source of law.
a. True
b. False
ANSWER: True
7. A statute is a secondary source of law.
a. True
b. False
ANSWER: False
8. A secondary source of law establishes the law on a particular issue.
a. True
b. False
ANSWER: False
Page 1
, Name: Class: Date:
Ch01: Law and Legal Reasoning
9. Courts often refer to secondary sources of law for guidance in interpreting and applying a primary source of
law.
a. True
b. False
ANSWER: True
10. Even if it conflicts with the U.S. Constitution, a state constitution is supreme within that states’ borders.
a. True
b. False
ANSWER: False
11. The U.S. Constitution is the basis of all law in the United States.
a. True
b. False
ANSWER: True
12. Only if a state legislature adopts a uniform law does that law become part of the statutory law of that state.
a. True
b. False
ANSWER: True
13. A citation is a regulation enacted by a city or county legislative body.
a. True
b. False
ANSWER: False
14. A local ordinance commonly has to do with a matter concerning only a local governing unit.
a. True
b. False
ANSWER: True
15. A federal statute applies only to those states that agree to apply it within their borders.
a. True
b. False
ANSWER: False
16. Congress or a state legislature establishes an administrative agency to perform a specific function.
a. True
b. False
ANSWER: True
17. Independent regulatory agencies are not subject to the authority of the president.
a. True
b. False
Page 2
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