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Understanding Business 12th Edition Nickels Test Bank
Understanding Business, 12e (Nickels) Bonus Chapter A Working within the Legal Environment
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
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
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 1 / 4
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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
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
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
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 2 / 4
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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
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
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
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 3 / 4
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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
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
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
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
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