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Test Bank For Smith and Roberson’s Business Law 18th Edition By Richard Mann, Barry Roberts (All Chapters, 100% Original Verified, A+ Grade)

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Smith & Roberson's
Business Law 18e
Richard Mann, Barry
Roberts (Test Bank All
Chapters, 100%
Original Verified, A+
Grade)

,Chapter 01: Introduction to Law
True / False

1. Both Supreme Court Justice Oliver Wendell Holmes and William Blackstone, an English jurist, defined law as “rules of
civil conduct prescribed by the supreme power of a state, commanding what is right and prohibiting what is wrong.”
a. True
b. False
ANSWER: False
FEEDBACK: Correct English jurist Blackstone defined law as “a rule of civil conduct prescribed by the
supreme power in a state, commanding what is right, and prohibiting what is
wrong."
Incorrect English jurist Blackstone defined law as “a rule of civil conduct prescribed by the
supreme power in a state, commanding what is right, and prohibiting what is
wrong."
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.1.1 - Define business law.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Nature of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/6/2021 1:44 PM

2. Laws are always based on moral concepts.
a. True
b. False
ANSWER: False
FEEDBACK: Correct Law reflects the social, economic, political, religious, and moral philosophy of
society.
Incorrect Law reflects the social, economic, political, religious, and moral philosophy of
society.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.1.1 - Define business law.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Nature of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/6/2021 1:44 PM

3. Substantive law establishes the rules for enforcing rights that exist in a society.
Copyright Cengage Learning. Powered by Cognero. Page 1

, a. True
b. False
ANSWER: False
FEEDBACK: Correct Substantive law creates, defines, and regulates legal rights and duties.
Incorrect Substantive law creates, defines, and regulates legal rights and duties.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.4.1 - Differentiate between procedural and substantive laws.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Classification of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/6/2021 1:51 PM

4. Under the Federal Constitution, federal statutes and treaties are paramount to State constitutions.
a. True
b. False
ANSWER: True
FEEDBACK: Correct Under the Federal Constitution, Federal statutes and treaties are paramount to
State constitutions.
Incorrect Under the Federal Constitution, Federal statutes and treaties are paramount to
State constitutions.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.3.3 - Identify when state or federal law applies.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Sources of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/20/2021 2:52 PM

5. Usual remedies granted in a criminal case include compensation for the victim.
a. True
b. False
ANSWER: False
FEEDBACK: Correct Usual remedies granted in a criminal case include imposition of a fine,
imprisonment, and capital punishment.
Incorrect Usual remedies granted in a criminal case include imposition of a fine,
imprisonment, and capital punishment.
POINTS: 1
Copyright Cengage Learning. Powered by Cognero. Page 2

, DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.2.2 - Describe theories of punishment as they apply to the legal system.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Classification of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/6/2021 1:54 PM

6. The law does not change; it is based on unchanging and universal truths.
a. True
b. False
ANSWER: False
FEEDBACK: Correct The law has evolved slowly, and it will continue to change.
Incorrect The law has evolved slowly, and it will continue to change.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.1.1 - Define business law.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: The Nature of Law
KEYWORDS: Bloom's: Understand
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/6/2021 1:56 PM

7. Sanctions are the means by which the law enforces the decisions of the courts.
a. True
b. False
ANSWER: True
FEEDBACK: Correct Sanctions are the means by which the law enforces the decisions of the courts.
Incorrect Sanctions are the means by which the law enforces the decisions of the courts.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.2.2. - Describe theories of punishment as they apply to the legal system.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Nature of Law
KEYWORDS: Bloom's: Analyze
DATE CREATED: 10/1/2021 11:05 AM
Copyright Cengage Learning. Powered by Cognero. Page 3

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