Name:
Class:
Date:
Test Bank For The Legal Environment of Business Text and Cases, 10th Edition by Frank B. Cross; Roger LeRoy Miller ISBN 13 978-1305967304 Chapter 1-28 + Unit 1-5 Chapter 01: Law and Legal Reasoning True / False 1. Laws and government regulations affect almost all business activities. a. True b. False ANSWER: True 2. Law consists of enforceable rules governing relationships among individuals and between individuals and their society. a. True b. False ANSWER: True 3. Many different laws may affect a single business transaction. a. True b. False ANSWER: True 4. Business decision makers are expected to make decisions that are ethically sound. a. True b. False ANSWER: True 5. A key to avoiding business disputes is to go ahead without thinking ahead. a. True b. False ANSWER: False 6. Statutory law does not include county ordinances. a. True b. False ANSWER: False 7. The stability and predictability of the law are essential to business activities. a. True b. False ANSWER: True 8. Remedies in equity include decrees of specific performance. Copyright Cengage Learning. Powered by Cognero.
Page 1