Understanding Business, 12e (Nickels)
Bonus Chapter A Working within the Legal Environment
1) The executive branch of the government is responsible for overseeing the legal system.
Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
2) The U.S. court system is organized solely at the federal and state levels.
Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
3) Trial courts hear cases involving criminal and civil law.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
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4) Criminal law defines crimes, establishes punishments, and includes payment for personal injury.
Answer: FALSE Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
5) Laws regulating marriage and the payment for personal injuries are part of our body of civil law.
Answer: TRUE Difficulty: 1 Easy Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
6) Laws regulating marriage and personal injury liability are part of our body of criminal law.
Answer: FALSE Difficulty: 1 Easy Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
7) Business law creates the legal framework for the enforcement of criminal statutes.
Answer: FALSE Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
CLICK TO ACCESS
8) Appellate courts hear the appeals of decisions made at the trial court level brought by the losing party in the case.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
9) Businesses today prefer to have the government set the standards for acceptable behavior.
Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
10) Business law refers to a body of regulations that, when enforced, provides a framework within which business may be conducted.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
11) Business law is enforceable by the courts.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
CLICK TO ACCESS
12) The government's involvement in governing the behavior of business people seems to be increasing.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
13) Statutory law refers to written legislation.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
14) Common law is the body of law established through legislative action by Congress.
Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
15) Common law is based on the precedent of earlier court decisions.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law, and explain the role of administrative agencies.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
CLICK TO ACCESS
