Business Law
Exam Review
Course Introduction
Business Law examines the legal principles and frameworks governing commercial activities, contracts, and business organizations. The course introduces students to essential concepts such as contract formation and enforcement, agency, employment law, sales of goods, negotiable instruments, and the regulatory environment affecting businesses. Topics such as intellectual property, dispute resolution, ethics, and liability are also covered to equip students with a foundational understanding of how the law influences business decision-making, operations, and risk management in both local and international contexts.
Recommended Textbook Law and Ethics in the Business Environment 8th Edition by Terry Halbert
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9 Chapters
148 Verified Questions
148 Flashcards Source URL: https://quizplus.com/study-set/212
Page 2
Chapter 1: Law, Ethics, Business: An Introduction
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21 Verified Questions
21 Flashcards
Source URL: https://quizplus.com/quiz/3124
Sample Questions
Q1) Describe the difference between the law and ethics.
Answer: Law provides for a set of rules for behavior. When these rules are broken, behavior is punishable. On the other hand, ethics presents a menu of options, perhaps disconnected from laws. Laws are "what a person must do," and ethics addresses "what a person should do."
Q2) Select the best definition of ethics:
A) a set of rules for behavior.
B) a menu of options regarding what we must do.
C) a menu of options regarding what we should do.
D) standards that must be met to avoid penalty.
Answer: C
Q3) Describe the philosophy of noted economist, Milton Friedman, on the issue of "free market ethics."
Answer: Friedman held that it is wrong for managers to use corporate resources to deal with problems in society at large. Decisions regarding such social problems should be addressed by governments in the political arena and funded by tax dollars. A decision by corporate managers to aid society is, in effect, theft of stockholders' resources.
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Page 3
Chapter 2: The Duty of Loyalty: Whistleblowing
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3125
Sample Questions
Q1) According to the Montana Wrongful Discharge from Employment Act, what are the three elements of a wrongful discharge?
Answer: (1) It was in retaliation for the employee's refusal to violate public policy or for reporting such violation.
(2) The employee had completed the employment probationary period and the discharge was not for good cause.
(3) The employer violated the express provisions of its own written personal policy.
Q2) Ag Gag would criminalize:
A) undercover video recordings showing animal cruelty
B) recordings of public health violations occurring in agricultural facilities
C) Both a. and b.
D) Neither a. nor b.
Answer: C
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4
Chapter 3: Privacy and Technology
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/3126
Sample Questions
Q1) It is illegal to increase a specific employee's health insurance premiums based on the employee's lifestyle.
A)True
B)False
Answer: False
Q2) Discuss Lewis Maltby's proposition that employers should not do drug testing (or other testing related to off-work conduct) but should instead focus on impairment testing when an employee is entering the workplace.
Answer: Maltby points out that impairment can be caused by many other things than drug use including being sleep-deprived, ill or under stress (i.e. in the middle of a divorce). Whatever the reason, the test will determine if you shouldn't undertake certain activities (such as flying a plane).
Q3) Since a corporation is a "person" in the eyes of the law, a corporation's constitutional right to privacy is identical to a natural person's rights.
A)True
B)False
Answer: False
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5
Chapter 4: Valuing Diversity: Stereotyping v Inclusion
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3127
Sample Questions
Q1) The Equal Employment Opportunity Commission (EEOC) favors English-only rules because they decrease the ability for people to stereotype based on national origin or ethnicity and thus decrease illegal workplace discrimination.
A)True
B)False
Q2) Equal protection is the constitutional guarantee:
A) that empowers Congress to regulate equally distributed commerce with foreign Nations, and among the several States, and with the Indian Tribes.
B) that laws made in pursuance of the Constitution and all treaties made under the authority of the United States shall be the equally protected as the "supreme law of the land."
C) embodied in the Fourteenth Amendment to the U.S. Constitution.
D) that grants and distributes power and responsibilities to national and state governments.
Q3) In order to be covered by the ADA (Americans with Disabilities Act), a disability must be ongoing and permanent for the foreseeable future.
A)True
B)False
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6
Chapter 5: Workers Rights as Human Rights: Health and Safety
in the Global Workplace
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3128
Sample Questions
Q1) According to Henry Shue, what are the six factors required to make a cost a true harm?
Q2) Discuss how corporate criminal liability has been handled by OSHA since 1970.
Q3) When an employee files a worker's compensation claim:
A) The employee must prove the company was negligent.
B) The employer has the right to raise traditional defenses to negligence to defeat the claim.
C) Both a. and b.
D) Neither a. not b.
Q4) Explain how worker's compensation in the U.S. works.
Q5) According to Henry Shue, firms are not in the business of protecting the interests of their workers, except when this is a means to accomplish the organizational objectives. A)True
B)False
Q6) Explain what the Workers Rights Consortium is and what it has done to combat sweatshops.
Q7) OSHA has a wide range of tools available to address the risks that workers face. A)True B)False
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Chapter 6: Environmental Law and Justice: Responsibility and Survival
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16 Verified Questions
16 Flashcards
Source URL: https://quizplus.com/quiz/3129
Sample Questions
Q1) According to MIT professor Layzer, the lobbyists for the energy corporations have used which of the following tactics to avoid stricter regulation?
I. Portray the science of global warming as uncertain and debatable
II. Focus on the financial costs of regulation
III. Provide Senators and Representatives with financial incentives to vote against regulation
IV. Portray the environmentalists as extremists and a vocal minority.
A) I and II
B) I, II and III
C) I and III
D) I, II and IV
Q2) The Kyoto Protocol is an international treaty to reduce greenhouse admissions, signed by over 200 countries including the United States.
A)True
B)False
Q3) What is environmental justice? What started the movement in the United States?
Q4) Explain the Crisis of Agrobiodiversity as explained by Carmen G. Gonzalez.
Q5) Explain how the tradeable permit plan works.
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Chapter 7: Marketing and Technology: Choice and Manipulation
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3130
Sample Questions
Q1) Identify the true statement(s) regarding freedom of speech:
I. It was not until the 1920s that legal doctrines protecting speech when offensive began to be recognized by the courts.
II. In the First National Bank v. Bellotti case, the Supreme Court struck down a state law prohibiting a corporation to advertise to influence voters on issues that did not "materially affect" its business.
III. In the Virginia Board case, the U.S. Supreme Court failed to link the "right to receive information and ideas" with the traditional values that underlie free speech.
IV. According to the Central Hudson decision, "protected commercial speech" cannot be regulated.
A) I & II only
B) II & III only
C) II, III and IV only
D) I, II III, and IV
Q2) Discuss how the fast food industry's response to the obesity epidemic in children has changed since the publication of the Surgeon General's report.
Q3) What forms can deceptive advertising claims take?
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Page 9
Chapter 8: Allocating Risk and Responsibilities in the Global Marketplace:
Products Liability
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3131
Sample Questions
Q1) The most notable exception to caveat emptor was for
A) Food
B) Automobiles
C) Clothing
D) Shoes
Q2) What are punitive damages?
Q3) To win a suit for negligence, a plaintiff must establish that the defendant:
I. breached its duty of care
II. created an unreasonable risk of harm
III. acted with total disregard to the harm that could result
IV. behavior was the proximate cause of the plaintiff's injuries
A) I and II only
B) II and III only
C) I, II and IV only
D) I, II, III and IV
Q4) In Wyeth v. Levine, the majority rejected the idea that primary responsibility for drug safety lies with the government and instead lies with the drug manufacturer.
A)True
B)False
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Chapter 9: Ownership, Creativity and Innovation: Intellectual Property
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16 Verified Questions
16 Flashcards
Source URL: https://quizplus.com/quiz/3132
Sample Questions
Q1) Debora Halbert asserts in her essay that:
A) women have benefited greatly from intellectual property laws.
B) intellectual property has historically benefited men more than women.
C) in the nineteenth century, writing poetry and novels enabled women to not only express themselves intellectually but to reap financial rewards as well.
D) when women knitted or quilted, they were reluctant to share their patterns with other women.
Q2) What must a plaintiff prove to establish copyright infringement?
Q3) If an author owns a copyright to a non-fiction essay, then publishes that essay in an anthology of similar essays published by a major publishing company, the rights involved in this relationship would be referred to as ______.
A) collective work
B) public domain
C) collective bargaining
D) joint domain
Q4) Trade secrets are registered just like trademarks.
A)True
B)False
Q5) Why was the Digital Millennium Copyright Act passed?
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