Test Bank for The Legal Environment of Business Correct Certified Questions and A+
answers Graded 100%
Chapter 2 Introduction to Law and the Legal Environment of Business
1) The purpose of the North American Free Trade Agreement (NAFTA) is to .
A) codify international treaties with the countries that are part of the agreement
B) increase immigration quotas in the countries that are part of the agreement
C) lower trade barriers within the countries that are part of the agreement
D) defend coastal borders of the countries involved in trade, and are part of the
agreement Answer: C
Diff: 1
Topic: Introduction
2) The Asian-Pacific Economic Cooperation (APEC) forum is discussing the creation of
an economic free trade zone that would extend from .
A) Chile to China
B) the United States to China
C) China to Singapore
D) Japan to China
Answer: A
Diff: 1
Topic: Introduction
3) Which of the following statements is a feature of the study of the legal environment
of business?
A) It is designed to maximize enrollment at schools of law throughout the United States.
B) It develops an understanding that the law is dynamic, not static.
C) It encourages the search for the one true answer to each legal question.
D) It is based on the Platonic system of social
control. Answer: B
Diff: 1
Topic: Definition of the Legal Environment of Business
4) Which of the following is a feature of the study of the legal environment of business?
A) It is arbitrary and capricious.
B) It involves theoretical legal problems.
C) It excludes ethical considerations.
D) It is
interdisciplinary.
Answer: D
Diff: 1
Topic: Definition of the Legal Environment of Business
,5) Which of the following schools of jurisprudence is characterized by the existence of
values that are unchanging because their source is absolute?
A) natural law school
B) positivist school
C) sociological school
D) American realist school
Answer: A
Diff: 1
Topic: Definition of Law and Jurisprudence
6) Which of the following is true of a natural law school?
A) It has existed since 300 B.C. and bases law on certain unchanging value judgments.
B) It focuses on environmental concerns, such as toxic waste and air quality.
C) Its source of law is contemporary community opinion and customs.
D) It teaches that the legislature is the primary source of all
law. Answer: A
Diff: 2
Topic: Definition of Law and Jurisprudence
7) A natural law school teaches that .
A) good laws depend on good judges
B) law, ethics, and morality should remain separate
C) one has a moral responsibility to disobey an unjust law
D) the U. S. Constitution is the highest legal authority in the United
States Answer: C
Diff: 2
Topic: Definition of Law and Jurisprudence
8) Which of the following statements is an argument raised by critics of a natural law school?
A) It requires sophisticated quantitative methodology, relying too heavily upon
statistical methods.
B) It is based primarily upon the European rather than American legal thinking.
C) It is overly subjective in a nation of differing cultures and moral values.
D) It is designed for communist and socialist political
systems. Answer: C
Diff: 2
Topic: Definition of Law and Jurisprudence
9) Which of the following schools of jurisprudence states that the source of law is the sovereign?
A) natural law school
B) positivist school
C) sociological school
D) American realist school
Answer: B
Diff: 1
Topic: Definition of Law and Jurisprudence
10) The positivist school of law states that .
, A) certain legal values that are unchanging exist because their source is absolute
B) certain legal values that can be judged by human reason exist and once determined,
they supersede any form of human law
C) law is a closed logical system in which correct legal decisions are reached solely by logic
and the use of precedents
D) a legislator or a judge can determine law by making an inventory of community
interests Answer: C
Diff: 2
Topic: Definition of Law and Jurisprudence
11) Juan, a lawyer, argues that morals have no say in determining legal decisions and extralegal
factors must be ignored by judges when determining violations of the law. Juan is an adherent
of the .
A) critical legal studies school of law
B) sociological school of law
C) American realist school of law
D) positivist school of
law Answer: D
Diff: 3
Topic: Definition of Law and Jurisprudence
12) Which of the following schools of law is criticized for creating a static jurisprudence
because it does not take into account social and ethical factors?
A) the sociological school
B) the American realist school
C) the positivist school
D) the natural law school
Answer: C
Diff: 2
Topic: Definition of Law and Jurisprudence
13) Which of the following arguments has been made by legal scholars when criticizing
the positivist school of law?
A) It is impossible to remain positive about everything when there is so much negativity in
the world.
B) The positivist school is irrational and not founded in logic.
C) The positivist school ignores the importance of precedence.
D) The positivist school adopts a view that is too narrow and literal-
minded. Answer: D
Diff: 2
Topic: Definition of Law and Jurisprudence
answers Graded 100%
Chapter 2 Introduction to Law and the Legal Environment of Business
1) The purpose of the North American Free Trade Agreement (NAFTA) is to .
A) codify international treaties with the countries that are part of the agreement
B) increase immigration quotas in the countries that are part of the agreement
C) lower trade barriers within the countries that are part of the agreement
D) defend coastal borders of the countries involved in trade, and are part of the
agreement Answer: C
Diff: 1
Topic: Introduction
2) The Asian-Pacific Economic Cooperation (APEC) forum is discussing the creation of
an economic free trade zone that would extend from .
A) Chile to China
B) the United States to China
C) China to Singapore
D) Japan to China
Answer: A
Diff: 1
Topic: Introduction
3) Which of the following statements is a feature of the study of the legal environment
of business?
A) It is designed to maximize enrollment at schools of law throughout the United States.
B) It develops an understanding that the law is dynamic, not static.
C) It encourages the search for the one true answer to each legal question.
D) It is based on the Platonic system of social
control. Answer: B
Diff: 1
Topic: Definition of the Legal Environment of Business
4) Which of the following is a feature of the study of the legal environment of business?
A) It is arbitrary and capricious.
B) It involves theoretical legal problems.
C) It excludes ethical considerations.
D) It is
interdisciplinary.
Answer: D
Diff: 1
Topic: Definition of the Legal Environment of Business
,5) Which of the following schools of jurisprudence is characterized by the existence of
values that are unchanging because their source is absolute?
A) natural law school
B) positivist school
C) sociological school
D) American realist school
Answer: A
Diff: 1
Topic: Definition of Law and Jurisprudence
6) Which of the following is true of a natural law school?
A) It has existed since 300 B.C. and bases law on certain unchanging value judgments.
B) It focuses on environmental concerns, such as toxic waste and air quality.
C) Its source of law is contemporary community opinion and customs.
D) It teaches that the legislature is the primary source of all
law. Answer: A
Diff: 2
Topic: Definition of Law and Jurisprudence
7) A natural law school teaches that .
A) good laws depend on good judges
B) law, ethics, and morality should remain separate
C) one has a moral responsibility to disobey an unjust law
D) the U. S. Constitution is the highest legal authority in the United
States Answer: C
Diff: 2
Topic: Definition of Law and Jurisprudence
8) Which of the following statements is an argument raised by critics of a natural law school?
A) It requires sophisticated quantitative methodology, relying too heavily upon
statistical methods.
B) It is based primarily upon the European rather than American legal thinking.
C) It is overly subjective in a nation of differing cultures and moral values.
D) It is designed for communist and socialist political
systems. Answer: C
Diff: 2
Topic: Definition of Law and Jurisprudence
9) Which of the following schools of jurisprudence states that the source of law is the sovereign?
A) natural law school
B) positivist school
C) sociological school
D) American realist school
Answer: B
Diff: 1
Topic: Definition of Law and Jurisprudence
10) The positivist school of law states that .
, A) certain legal values that are unchanging exist because their source is absolute
B) certain legal values that can be judged by human reason exist and once determined,
they supersede any form of human law
C) law is a closed logical system in which correct legal decisions are reached solely by logic
and the use of precedents
D) a legislator or a judge can determine law by making an inventory of community
interests Answer: C
Diff: 2
Topic: Definition of Law and Jurisprudence
11) Juan, a lawyer, argues that morals have no say in determining legal decisions and extralegal
factors must be ignored by judges when determining violations of the law. Juan is an adherent
of the .
A) critical legal studies school of law
B) sociological school of law
C) American realist school of law
D) positivist school of
law Answer: D
Diff: 3
Topic: Definition of Law and Jurisprudence
12) Which of the following schools of law is criticized for creating a static jurisprudence
because it does not take into account social and ethical factors?
A) the sociological school
B) the American realist school
C) the positivist school
D) the natural law school
Answer: C
Diff: 2
Topic: Definition of Law and Jurisprudence
13) Which of the following arguments has been made by legal scholars when criticizing
the positivist school of law?
A) It is impossible to remain positive about everything when there is so much negativity in
the world.
B) The positivist school is irrational and not founded in logic.
C) The positivist school ignores the importance of precedence.
D) The positivist school adopts a view that is too narrow and literal-
minded. Answer: D
Diff: 2
Topic: Definition of Law and Jurisprudence
