Chapter 01
An Introduction to Dynamic Business Law
True / False Questions
1. Business law consists of the enforceable rules of conduct that govern commercial
relationships.
True False
2. Because of the law, we rely on the goodwill and dependability of one another.
True False
3. Public law controls disputes between private individuals or between groups and their
government.
True False
4. Cyberlaw is based primarily on existing laws.
True False
5. Another name for case law is common law.
True False
6. Case law interpretations are law unless they are revoked later by new statutory law.
True False
,7. The term "stare decisis" means "reversing the decision."
True False
,8. The decision of a state supreme court is binding on a lower state court located in the
state.
True False
9. Constitutions and statutes are complete in the sense of covering the detailed rules that
affect government and business relations.
True False
10. Presidents claim the power to issue executive orders on the basis of their Article II,
Section 1, constitutional power to "take care that the laws be faithfully executed."
True False
11. The term "natural law" is another word for "legal positivism."
True False
Multiple Choice Questions
12. Which of the following spell out what market participants may and may not legally do?
A. Constitutions, legislatures, regulatory bodies, and courts
B. Legislatures only
C. Courts only
D. Legislatures and courts but not constitutions or regulatory bodies
E. Constitutions, legislatures, and courts but not regulatory bodies
, 13. Which of the following would be relevant areas of business law to a human resource
manager?
A. Contracts, employment and labor law, and employment discrimination
B. Contracts only
C. Contracts and labor law, but not employment discrimination
D. Employment and labor law, but not contracts
E. None of the above because a human resource manager would be involved in work
assignments only
An Introduction to Dynamic Business Law
True / False Questions
1. Business law consists of the enforceable rules of conduct that govern commercial
relationships.
True False
2. Because of the law, we rely on the goodwill and dependability of one another.
True False
3. Public law controls disputes between private individuals or between groups and their
government.
True False
4. Cyberlaw is based primarily on existing laws.
True False
5. Another name for case law is common law.
True False
6. Case law interpretations are law unless they are revoked later by new statutory law.
True False
,7. The term "stare decisis" means "reversing the decision."
True False
,8. The decision of a state supreme court is binding on a lower state court located in the
state.
True False
9. Constitutions and statutes are complete in the sense of covering the detailed rules that
affect government and business relations.
True False
10. Presidents claim the power to issue executive orders on the basis of their Article II,
Section 1, constitutional power to "take care that the laws be faithfully executed."
True False
11. The term "natural law" is another word for "legal positivism."
True False
Multiple Choice Questions
12. Which of the following spell out what market participants may and may not legally do?
A. Constitutions, legislatures, regulatory bodies, and courts
B. Legislatures only
C. Courts only
D. Legislatures and courts but not constitutions or regulatory bodies
E. Constitutions, legislatures, and courts but not regulatory bodies
, 13. Which of the following would be relevant areas of business law to a human resource
manager?
A. Contracts, employment and labor law, and employment discrimination
B. Contracts only
C. Contracts and labor law, but not employment discrimination
D. Employment and labor law, but not contracts
E. None of the above because a human resource manager would be involved in work
assignments only
