Legal Environment of Business Solved
Exam Questions
Course Introduction
The Legal Environment of Business explores the framework of laws and regulations that affect businesses in the United States and globally. This course introduces students to the sources of law, the structure of the legal system, and the roles of courts, legislatures, and administrative agencies. Topics include contracts, torts, agency, employment law, business organizations, government regulation, ethics, and the evolving impact of globalization on legal standards. Emphasis is placed on how legal concepts shape managerial decisions, risk management, and the ethical responsibilities of business professionals.
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) Which of the following statements regarding Benefit Corporations is true?
A) Benefit corporations are required to identify one or more specific benefit purposes.
B) Directors of benefit corporations are protected from all lawsuits from both shareholders and beneficiaries of the corporation's public benefit purpose.
C) Benefit corporations are incorporated under state law with the intent to be profitable.
D) All of these statements regarding benefit corporations are true.
Answer: C
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) Laws must be static and unyielding in order to provide stability for a society.
A)True
B)False
Answer: False
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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) How was Ken Kendrick of The Peanut Corporation of America a typical whistleblower? An atypical whistleblower?
Answer: Mr. Kendrick's was a typical whistleblower because he tried to resolve the issue internally with his manager and the CEO. He was an atypical whistleblower because he next tried to deal with the problems anonymously and then left the company without doing anything more until a salmonella outbreak at a different PCA plant. Second, although he realizes that he did the right thing, he sees himself as more of a "prison snitch" than a whistleblower.
Q2) Under the legal doctrine of "employment at will" an employee can be lawfully terminated from her job for:
I. wearing a shirt that clashes with her suit
II. any non-discriminatory reason
III. complaining about illegal activity in the workplace
IV. only for good cause
A) I only
B) II only
C) c. I and II
D) d. III and IV
Answer: C
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Page 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) Name the two main factors that most courts use in determining whether or not electronic monitoring of employees is an invasion of privacy.
Answer: (1) The obnoxiousness of the means to intrude. In other words, is the method used a deviation from the normal, accepted means of discovering relevant information and (2) the reasons for intruding.
Q2) The Electronic Communications Privacy Act of 1986 (ECPA):
A) supplements the Omnibus Federal Employee Workplace Privacy Rights Law of 2008. B) has been an effective law because employee privacy intrusions are less common and steadily declining since 2000.
C) restricts employer access to public chat room interactions.
D) fails to protect employees in most situations involving e-mail monitoring by public and private employers.
Answer: D
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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) What is the EEOC guideline on English-only workplace rules? What are two reasons given for the rules?
Q2) 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
Q3) All of the following are true statements regarding the Family and Medical Leave Act (FMLA, 29 U.S.C. §§ 2601, et seq.), EXCEPT which of the following?
A) An eligible employee is entitled to take 12 weeks of unpaid leave in any 12-month period.
B) Every personal or family emergency qualifies for FMLA leave.
C) Under most circumstances, the employer must reinstate employees when they return from leave.
D) An eligible employee is entitled to take paid leave because of the birth of a son or daughter.
Q4) Describe the term heightened scrutiny. What do the courts use to determine which type of scrutiny to use?
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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) Typically individual stockholders are not held responsible for the actions of a corporation. Exceptions usually relate to comingling of funds, underinsuring, or similar actions by the corporate leadership. This is called:
A) risking liability
B) piercing the corporate veil
C) the privilege of the stockholders
D) free market trading of stocks
Q2) With the adoption of the ____________, the U.S. began to address the need to prevent, or minimize, workplace accidents and health hazards.
A) Securities Act
B) Occupational Safety and Health Act
C) Environmental Protection Agency
D) National Insurance Act
Q3) Almost all of the hazards that workers face are known and visible.
A)True
B)False
Q4) OSHA has a wide range of tools available to address the risks that workers face.
A)True
B)False
7
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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 Carmen G. Gonzalez, people go hungry because:
A) there is not enough food available
B) people are too poor to grow food
C) Both a. and b.
D) Neither a. nor b.
Q2) When environmentalists recognized that politicians were not going to pass stricter legislation and regulations, they changed their tactics to force change. According to the Layzer article in the chapter, these new tactics included:
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) II and III
C) III and IV
D) II, III and IV.
Q3) Explain how the tradeable permit plan works.
Q4) What is environmental justice? What started the movement in the United States?
Page 8
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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) Citizens have always been afforded freedom of speech after the ratification of the U.S. Constitution.
A)True
B)False
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Chapter
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3131
Sample Questions
Q1) Explain the features of Section 402A of the Restatement of Torts (Second).
Q2) The Food and Drug Administration, the Consumer Product Safety Commission and the National Highway Transportation Safety Association are
A) Cabinet departments within the Executive Branch
B) Subcommittees of the Senate and House of Representatives within the Legislative Branch
C) Judicially created organizations to implement Supreme Court mandates related to product safety.
D) Independent agencies that report to no branch of government.
Q3) What are punitive damages?
Q4) The term caveat emptor means:
A) "seller take care"
B) "empty the cave of deceit"
C) "buyer beware"
D) "truth shall prevail"
Q5) What did the Food Safety Modernization Act (FSMA) do? Has it accomplished what it should have? Why or why not?
Page 10
Q6) Explain how injured parties can recover damages under the UCC.
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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) Give a brief description of the increased protection in U.S. Copyright laws starting in 1994 and using approximate dates.
Q2) Give examples of improper ways to learning a trade secret under the Uniform Trade Secrets Act. Give an example of a way that is not considered improper or wrong. Improper ways of learning a trade secret include theft, bribery, misrepresentation, breach or inducement of a breach of a duty to maintain secrecy, or espionage. Figuring out a recipe by taste trials, known as "reverse engineering", in not considered wrongful.
Q3) Trade secrets are registered just like trademarks.
A)True
B)False
Q4) Why was the Digital Millennium Copyright Act passed?
Q5) Once the copyright on a work has expired,
A) The owner can renew it for a new term
B) The work is in the public domain
C) The work becomes the property of the government
D) The work is considered no longer creative
Q6) What must a plaintiff prove to establish copyright infringement?
Q7) Discuss how intellectual property is different from other kinds of property.
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