Test Bank For Smith & Roberson\\\'s
Business Law - 18th - 2023 All Chapters -
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Test Bank For Smith & Roberson's Business Law, 18e
Chapter 01: Introduction to Law
True / False
1. Both Supreme Court Justice Oliver Wendell Holmes and William Blackstone, an English jurist, defined law as “rules of
civil conduct prescribed by the supreme power of a state, commanding what is right and prohibiting what is wrong.”
a. True
b. False
ANSWER: False
FEEDBACK: Correct English jurist Blackstone defined law as “a rule of civil conduct prescribed by the
supreme power in a state, commanding what is right, and prohibiting what is
wrong."
Incorrect English jurist Blackstone defined law as “a rule of civil conduct prescribed by the
supreme power in a state, commanding what is right, and prohibiting what is
wrong."
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.1.1 - Define business law.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Nature of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/6/2021 1:44 PM
2. Laws are always based on moral concepts.
a. True
b. False
ANSWER: False
FEEDBACK: Correct Law reflects the social, economic, political, religious, and moral philosophy of
society.
Incorrect Law reflects the social, economic, political, religious, and moral philosophy of
society.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.1.1 - Define business law.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Nature of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/6/2021 1:44 PM
1
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Test Bank For Smith & Roberson's Business Law, 18e
Chapter 01: Introduction to Law
3. Substantive law establishes the rules for enforcing rights that exist in a society.
a. True
b. False
ANSWER: False
FEEDBACK: Correct Substantive law creates, defines, and regulates legal rights and duties.
Incorrect Substantive law creates, defines, and regulates legal rights and duties.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.4.1 - Differentiate between procedural and substantive laws.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Classification of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/6/2021 1:51 PM
4. Under the Federal Constitution, federal statutes and treaties are paramount to State constitutions.
a. True
b. False
ANSWER: True
FEEDBACK: Correct Under the Federal Constitution, Federal statutes and treaties are paramount to
State constitutions.
Incorrect Under the Federal Constitution, Federal statutes and treaties are paramount to
State constitutions.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.3.3 - Identify when state or federal law applies.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Sources of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/20/2021 2:52 PM
5. Usual remedies granted in a criminal case include compensation for the victim.
a. True
b. False
ANSWER: False
FEEDBACK: Correct Usual remedies granted in a criminal case include imposition of a fine,
2
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Business Law - 18th - 2023 All Chapters -
9780357364000
written by
TestBankToday
The Marketplace to Buy and Sell your Study Material
At Stuvia, you will find the best notes, summaries, flashcards & other study material. Search for your
school or uni and find the study material you need.
www.stuvia.com
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Test Bank For Smith & Roberson's Business Law, 18e
Chapter 01: Introduction to Law
True / False
1. Both Supreme Court Justice Oliver Wendell Holmes and William Blackstone, an English jurist, defined law as “rules of
civil conduct prescribed by the supreme power of a state, commanding what is right and prohibiting what is wrong.”
a. True
b. False
ANSWER: False
FEEDBACK: Correct English jurist Blackstone defined law as “a rule of civil conduct prescribed by the
supreme power in a state, commanding what is right, and prohibiting what is
wrong."
Incorrect English jurist Blackstone defined law as “a rule of civil conduct prescribed by the
supreme power in a state, commanding what is right, and prohibiting what is
wrong."
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.1.1 - Define business law.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Nature of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/6/2021 1:44 PM
2. Laws are always based on moral concepts.
a. True
b. False
ANSWER: False
FEEDBACK: Correct Law reflects the social, economic, political, religious, and moral philosophy of
society.
Incorrect Law reflects the social, economic, political, religious, and moral philosophy of
society.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.1.1 - Define business law.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Nature of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/6/2021 1:44 PM
1
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Test Bank For Smith & Roberson's Business Law, 18e
Chapter 01: Introduction to Law
3. Substantive law establishes the rules for enforcing rights that exist in a society.
a. True
b. False
ANSWER: False
FEEDBACK: Correct Substantive law creates, defines, and regulates legal rights and duties.
Incorrect Substantive law creates, defines, and regulates legal rights and duties.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.4.1 - Differentiate between procedural and substantive laws.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Classification of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/6/2021 1:51 PM
4. Under the Federal Constitution, federal statutes and treaties are paramount to State constitutions.
a. True
b. False
ANSWER: True
FEEDBACK: Correct Under the Federal Constitution, Federal statutes and treaties are paramount to
State constitutions.
Incorrect Under the Federal Constitution, Federal statutes and treaties are paramount to
State constitutions.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.3.3 - Identify when state or federal law applies.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Sources of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
DATE MODIFIED: 10/20/2021 2:52 PM
5. Usual remedies granted in a criminal case include compensation for the victim.
a. True
b. False
ANSWER: False
FEEDBACK: Correct Usual remedies granted in a criminal case include imposition of a fine,
2
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