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BMAL 590: Legal Environment of Business Questions and Answers 100% Pass
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BMAL 590: Legal Environment of Business Questions and Answers 100% Pass What is law? - Law denotes the principles and regulations established in a community by some authority and applicable to its people, either through legislation, or through custom, or through policies recognized and enforced...

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  • December 31, 2024
  • 26
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • bmal 590 legal environment of business questions

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BMAL 590: Legal Environment of Business
Questions and Answers 100% Pass

What is law? - ✔✔Law denotes the principles and regulations established in a community by some

authority and applicable to its people, either through legislation, or through custom, or through policies

recognized and enforced by a judicial decision. Law can also be defined as a body of rules of conduct of

binding legal force that if broken, subjects a party to criminal punishment or civil liability


Why do we need laws? - ✔✔Primarily to regulate the behavior of the individual or the business, to be

aligned with what is acceptable to society as a whole.


Public Law - ✔✔relates to the ability of society to take action against those whose actions are considered

to be against the law.


Private Law - ✔✔relates to the ability of individuals to initiate action against others (to sue one another).


Law is made at the - ✔✔federal, state, and local levels


Law is made by - ✔✔legislatures (statutes), by court decisions (common law), and by administrative

agencies (regulations).


Old Laws can be - ✔✔modified or repealed


New laws can be - ✔✔made to address changed in society


Laws are not - ✔✔static


In the U.S., the highest law is the - ✔✔Constitution (No local, state, or federal law can contradict the

provisions of the U.S. Constitution.)




Author. Katelyn Whitman, ©2025 All Rights Reserved.

,2|Page


The Constitution may be _________ by the procedure prescribed by the Constitution itself. - ✔✔amended


An amendment comes into force when - ✔✔approved by two-thirds of both houses of Congress, then

ratified by three-fourths of the state legislatures. When so ratified, the amendments become part of the

Constitution.


The first 10 amendments are known as the - ✔✔Bill of Rights


Laws created by legislative bodies at all levels are known as - ✔✔statutes.


Generally, _______ laws are applicable throughout the country. - ✔✔federal


_____ laws are confined to a particular state. - ✔✔State


laws are confined to the geographical jurisdiction of the authority. - ✔✔Local


When a state law or a local law conflicts with a federal law, under __________, the federal law prevails. -

✔✔supremacy


Federal laws are passed by Congress and signed into law by the - ✔✔President


State laws are passed by the state legislatures and signed into law by the - ✔✔Governor


If the President or Governor rejects (vetoes) a proposed law, the legislature may - ✔✔override the veto if

at least two-thirds of the members of each house of the legislature vote in favor of the law.


The President has the power to enter into ________ with ________ nations on a wide variety of issues

from trade to defense. - ✔✔treaties; Sovereign


A treaty becomes a law when approved by two-thirds of the - ✔✔Senate.


A treaty becomes a law when approved by ______ of the Senate. - ✔✔two-thirds




Author. Katelyn Whitman, ©2025 All Rights Reserved.

, 3|Page


__________ are a source of precedent both for the parties concerned and prospectively for others in the

same jurisdiction in a similar situation.


Judicial decisions create - ✔✔Judicial decisions; Case Law


The opinions of courts, taken together, creates - ✔✔Common Law.


Courts make decisions based on - ✔✔precedent


Over time, Common Law creates a degree of - ✔✔consistency and predictability


The decision of a ______________ within the jurisdiction of the higher court. - ✔✔higher court supersedes

the decision of a lower court


Courts interpret - ✔✔existing laws.


If there is no precedent to guide the resolution of a case, it is said to be a - ✔✔Case of First Impression.


The U.S. _________ has the power to make law binding throughout the country. - ✔✔Supreme Court


_______ are enacted by federal and state legislatures, and ordinances are enacted by local governments. -

✔✔Statutes


________ interpret statutes and create precedent in a system of common law. - ✔✔Courts


________ refers to the policies, rules, and regulations formulated and announced by federal, state, and

local government agencies. - ✔✔Administrative Law


Power is divided among the: - ✔✔Executive branch (the President and the Administration);


Legislative branch (the Congress); and


Judicial branch (the Courts).




Author. Katelyn Whitman, ©2025 All Rights Reserved.

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