DOWNLOAD THE Test Bank for Legal Environment of Business 14th EditionMeiner
k k k k k k k k k k k
s
Chapter 01: Today’s Business Environment: Law and Ethics
k k k k k k k
MultiplekChoice
1. Whichkofkthekfollowingkiskankacceptedkdefinitionkofklaw?
a. akbodykofkruleskofkactionkorkconductkprescribedkbykcontrollingkauthoritykandkhavingkbindingklegalkforce
b. akbodykofkruleskofkactionkorkconductkprescribedkbyksocietykbutklackingklegalkforce
c. akbodykofkruleskofkactionkorkconductkprescribedkbykcourtskandksanctionkbykinternationalksociety
d. akbodykofkruleskofkactionkorkconductkprescribedkbykthekSupremekCourtkandkhavingkbindingklegalkforce
ANSWER: a
FEEDBACK: a.k Correct.kLaw,kinkitskgenericksense,kiskakbodykofkruleskofkactionkorkconduct
prescribedkbykthekcontrollingkauthoritykandkhavingkbindingklegalkforce.
b. Incorrect.kLaw,kinkitskgenericksense,kiskakbodykofkruleskofkactionkorkconductk
prescribedkbykthekcontrollingkauthoritykandkhavingkbindingklegalkforce.
c. Incorrect.kLaw,kinkitskgenericksense,kiskakbodykofkruleskofkactionkorkconductk
prescribedkbykthekcontrollingkauthoritykandkhavingkbindingklegalkforce.
d. Incorrect.kLaw,kinkitskgenericksense,kiskakbodykofkruleskofkactionkorkconductk
prescribedkbykthekcontrollingkauthoritykandkhavingkbindingklegalkforce.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONkTYPE: MultiplekChoice
HASkVARIABLES: False
LEARNINGkOBJECTIVES:k BLAW.MEIN.23.1.1.1k-kDefinekbusinessklaw.
TOPICS: A-Head:kLawkandkthekKeykFunctionskofkthekLegalkSystem
KEYWORDS: Bloom's;kAnalyze
DATEkCREATED: 8/23/2021k9:10kAM
DATEkMODIFIED: 9/11/2021k10:01kAM
2. Enforcementkofklawkinkaksocietykiskimportantkbecausekit:
a. providesksomekpredictabilitykandkuniformityktokthekboundarieskofkacceptablekconduct.
b. allowskakgovernmentktokmaintainkpowerkoverkthekpeople.
c. leadsktokhigherkliteracykrates.
d. preventsklargekdisparitieskinkincomekacrosskthekvariousklevelskofkaksociety.
ANSWER: a
FEEDBACK: a.k Correct.kEnforcementkofkthekruleskprovideskgreaterkpredictabilitykandkuniformitykto
thekboundarieskofkacceptablekconductkinkaksociety.
b. Incorrect.kEnforcementkofkthekruleskprovideskgreaterkpredictabilitykandkuniformitykt
okthekboundarieskofkacceptablekconductkinkaksociety.
c. Incorrect.kEnforcementkofkthekruleskprovideskgreaterkpredictabilitykandkuniformitykt
okthekboundarieskofkacceptablekconductkinkaksociety.
d. Incorrect.kEnforcementkofkthekruleskprovideskgreaterkpredictabilitykandkuniformitykt
okthekboundarieskofkacceptablekconductkinkaksociety.
POINTS: 1
DIFFICULTY: Easy
QUESTIONkTYPE: MultiplekChoice
HASkVARIABLES: False
LEARNINGkOBJECTIVES:k BLAW.MEIN.23.1.1.1k-kDefinekbusinessklaw.
TOPICS: A-Head:kLawkandkthekKeykFunctionskofkthekLegalkSystem
CopyrightkCengagekLearning.kPoweredkbykCognero. Pagek1
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KEYWORDS: Bloom's:kRemember
DATEkCREATED: 8/8/2021k2:16kPM
DATEkMODIFIED: 9/11/2021k10:01kAM
3. Whichkofkthekfollowingkstatementskisktrue?
a. Formalklawkiskrespectedkinkallknations
b. Theksalekofkmarijuanakiskillegalkworldwide
c. Theksalekofkalcoholickbeverageskisklegalkworldwide
d. Lawkimposeskstructurekonksocietykbyklimitingkactivitieskthatkhurtkthek"publickinterest"
ANSWER: d
FEEDBACK: a.k Incorrect.kTheklegalksystemkhelpsktokdefinekacceptableksocialkbehavior.kTheklaw
limitskactivitieskthatkdamagekthekpublickinterest.
b. Incorrect.kTheklegalksystemkhelpsktokdefinekacceptableksocialkbehavior.kTheklawkl
imitskactivitieskthatkdamagekthekpublickinterest.
c. Incorrect.kTheklegalksystemkhelpsktokdefinekacceptableksocialkbehavior.kTheklawkl
imitskactivitieskthatkdamagekthekpublickinterest.
d. Correct.kTheklegalksystemkhelpsktokdefinekacceptableksocialkbehavior.kTheklawkl
imitskactivitieskthatkdamagekthekpublickinterest.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONkTYPE: MultiplekChoice
HASkVARIABLES: False
LEARNINGkOBJECTIVES:k BLAW.MEIN.23.1.1.1k-kDefinekbusinessklaw.
NATIONALkSTANDARDS:k UnitedkStatesk-kBUSPROG:kAnalytick|kTechnologyk-kBUSPROG:kAnalytic
STATEkSTANDARDS: UnitedkStatesk-kUniversalk-kDISC:kAICPA:kBB-Legal
TOPICS: A-Head:kLawkandkthekKeykFunctionskofkthekLegalkSystem
KEYWORDS: Bloom's:kAnalyze
DATEkCREATED: 6/24/2021k2:41kPM
DATEkMODIFIED: 9/11/2021k10:01kAM
4. Whichkofkthekfollowingkarekreflectedkinksomekaspectkofklaw?
a. Honestykandkintegritykarekreflectedkbykthekenforceabilitykofkcontracts.
b. Respectkforkotherkpeoplekandktheirkpropertykiskreflectedkinktortkandkpropertyklaw.
c. Somekmeasureskofkacceptablekbehaviorkarekreflectedkinkcriminalklaws.
d. Honestykandkintegritykarekreflectedkbykthekenforceabilitykofkcontracts,krespectkforkotherkpeoplekandktheirkp
ropertykiskreflectedkinktortkandkpropertyklaw,kandksomekmeasureskofkacceptablekbehaviorkarekreflectedkinkcr
iminalklaws.
ANSWER: d
FEEDBACK: a.k Incorrect.kIntegritykiskreflectedkinkthekenforceabilitykofkcontracts,krespectkforkother
peoplekandktheirkpropertykiskreflectedkinktortkandkpropertyklaw,kandksomek
measureskofkacceptablekbehaviorkarekreflectedkinkcriminalklaws.
b. Incorrect.kIntegritykiskreflectedkinkthekenforceabilitykofkcontracts,krespectkforkotherk
peoplekandktheirkpropertykiskreflectedkinktortkandkpropertyklaw,kandksomekmeasur
eskofkacceptablekbehaviorkarekreflectedkinkcriminalklaws.
c. Incorrect.kIntegritykiskreflectedkinkthekenforceabilitykofkcontracts,krespectkforkotherk
peoplekandktheirkpropertykiskreflectedkinktortkandkpropertyklaw,kandksomekmeasur
eskofkacceptablekbehaviorkarekreflectedkinkcriminalklaws.
d. Correct.kIntegritykiskreflectedkinkthekenforceabilitykofkcontracts,krespectkforkotherk
peoplekandktheirkpropertykiskreflectedkinktortkandkpropertyklaw,kandksome
CopyrightkCengagekLearning.kPoweredkbykCognero. Pagek2
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measureskofkacceptablekbehaviorkarekreflectedkinkcriminalklaws.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONkTYPE: MultiplekChoice
HASkVARIABLES: False
LEARNINGkOBJECTIVES:k BLAW.MEIN.23.1.1.1k-kDefinekbusinessklaw.
NATIONALkSTANDARDS:k UnitedkStatesk-kBUSPROG:kAnalytick|kTechnologyk-kBUSPROG:kAnalytic
STATEkSTANDARDS: UnitedkStatesk-kUniversalk-kDISC:kAICPA:kBB-Legal
TOPICS: A-Head:kLawkandkthekKeykFunctionskofkthekLegalkSystem
KEYWORDS: Bloom's:kAnalyze
DATEkCREATED: 6/24/2021k2:41kPM
DATEkMODIFIED: 9/11/2021k10:01kAM
5. Changeskinklawskregardingkthekconsumptionkofkalcoholkorkusekofkmarijuanakindicatekthat:
a. theklegalksystemkcankbringkaboutkchangeskink"acceptable"kbehavior.
b. theklegalksystemkdoesknotkchangekwithktime.
c. theklegalksystemkisksubjectktokthekwhimskofkSupremekCourtkJudges.
d. theklegalksystemkisksubjectktokthekwillkofkthekgeneralkpublic.
ANSWER: a
FEEDBACK: a.k Correct.kTheklegalksystemkprovideskakwayktokbringkaboutkchangeskink“acceptable”
behavior.
b. Incorrect.kTheklegalksystemkprovideskakwayktokbringkaboutkchangeskink“
acceptable”kbehavior.
c. Incorrect.kTheklegalksystemkprovideskakwayktokbringkaboutkchangeskink“
acceptable”kbehavior.
d. Incorrect.kTheklegalksystemkprovideskakwayktokbringkaboutkchangeskink“
acceptable”kbehavior.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONkTYPE: MultiplekChoice
HASkVARIABLES: False
LEARNINGkOBJECTIVES:kBLAW.MEIN.23.1.1.6k-
kIdentifykhowktokremedykunethicalkbehavior.kNATIONALkSTANDARDS:k UnitedkStatesk-
kBUSPROG:kAnalytick|kTechnologyk-kBUSPROG:kAnalytickSTATEkSTANDARDS:
UnitedkStatesk-kUniversalk-kDISC:kAICPA:kBB-Legal
TOPICS: A-Head:kLawkandkthekKeykFunctionskofkthekLegalkSystem
KEYWORDS: Bloom's:kAnalyze
DATEkCREATED: 6/24/2021k2:41kPM
DATEkMODIFIED: 9/11/2021k10:01kAM
6. OnekexamplekofktheklawkworkingktokeffectksocialkchangekinkthekU.S.kiskinkthekareakof:
a. commercialkpaper.
b. negotiablekinstruments.
c. easements.
d. racialkdiscrimination.
ANSWER: d
CopyrightkCengagekLearning.kPoweredkbykCognero. Pagek3
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, DOWNLOAD THE Test Bank for Legal Environment of Business 14th EditionMeiner
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FEEDBACK: a.k Incorrect.kInkthekpast,ksomekstateskrequiredkbusinessesktokdiscriminatekagainst
CopyrightkCengagekLearning.kPoweredkbykCognero. Pagek4
mynursytest.store
k k k k k k k k k k k
s
Chapter 01: Today’s Business Environment: Law and Ethics
k k k k k k k
MultiplekChoice
1. Whichkofkthekfollowingkiskankacceptedkdefinitionkofklaw?
a. akbodykofkruleskofkactionkorkconductkprescribedkbykcontrollingkauthoritykandkhavingkbindingklegalkforce
b. akbodykofkruleskofkactionkorkconductkprescribedkbyksocietykbutklackingklegalkforce
c. akbodykofkruleskofkactionkorkconductkprescribedkbykcourtskandksanctionkbykinternationalksociety
d. akbodykofkruleskofkactionkorkconductkprescribedkbykthekSupremekCourtkandkhavingkbindingklegalkforce
ANSWER: a
FEEDBACK: a.k Correct.kLaw,kinkitskgenericksense,kiskakbodykofkruleskofkactionkorkconduct
prescribedkbykthekcontrollingkauthoritykandkhavingkbindingklegalkforce.
b. Incorrect.kLaw,kinkitskgenericksense,kiskakbodykofkruleskofkactionkorkconductk
prescribedkbykthekcontrollingkauthoritykandkhavingkbindingklegalkforce.
c. Incorrect.kLaw,kinkitskgenericksense,kiskakbodykofkruleskofkactionkorkconductk
prescribedkbykthekcontrollingkauthoritykandkhavingkbindingklegalkforce.
d. Incorrect.kLaw,kinkitskgenericksense,kiskakbodykofkruleskofkactionkorkconductk
prescribedkbykthekcontrollingkauthoritykandkhavingkbindingklegalkforce.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONkTYPE: MultiplekChoice
HASkVARIABLES: False
LEARNINGkOBJECTIVES:k BLAW.MEIN.23.1.1.1k-kDefinekbusinessklaw.
TOPICS: A-Head:kLawkandkthekKeykFunctionskofkthekLegalkSystem
KEYWORDS: Bloom's;kAnalyze
DATEkCREATED: 8/23/2021k9:10kAM
DATEkMODIFIED: 9/11/2021k10:01kAM
2. Enforcementkofklawkinkaksocietykiskimportantkbecausekit:
a. providesksomekpredictabilitykandkuniformityktokthekboundarieskofkacceptablekconduct.
b. allowskakgovernmentktokmaintainkpowerkoverkthekpeople.
c. leadsktokhigherkliteracykrates.
d. preventsklargekdisparitieskinkincomekacrosskthekvariousklevelskofkaksociety.
ANSWER: a
FEEDBACK: a.k Correct.kEnforcementkofkthekruleskprovideskgreaterkpredictabilitykandkuniformitykto
thekboundarieskofkacceptablekconductkinkaksociety.
b. Incorrect.kEnforcementkofkthekruleskprovideskgreaterkpredictabilitykandkuniformitykt
okthekboundarieskofkacceptablekconductkinkaksociety.
c. Incorrect.kEnforcementkofkthekruleskprovideskgreaterkpredictabilitykandkuniformitykt
okthekboundarieskofkacceptablekconductkinkaksociety.
d. Incorrect.kEnforcementkofkthekruleskprovideskgreaterkpredictabilitykandkuniformitykt
okthekboundarieskofkacceptablekconductkinkaksociety.
POINTS: 1
DIFFICULTY: Easy
QUESTIONkTYPE: MultiplekChoice
HASkVARIABLES: False
LEARNINGkOBJECTIVES:k BLAW.MEIN.23.1.1.1k-kDefinekbusinessklaw.
TOPICS: A-Head:kLawkandkthekKeykFunctionskofkthekLegalkSystem
CopyrightkCengagekLearning.kPoweredkbykCognero. Pagek1
mynursytest.store
,DOWNLOAD THE Test Bank for Legal Environment of Business 14th EditionMeiner
k k k k k k k k k k k
s
KEYWORDS: Bloom's:kRemember
DATEkCREATED: 8/8/2021k2:16kPM
DATEkMODIFIED: 9/11/2021k10:01kAM
3. Whichkofkthekfollowingkstatementskisktrue?
a. Formalklawkiskrespectedkinkallknations
b. Theksalekofkmarijuanakiskillegalkworldwide
c. Theksalekofkalcoholickbeverageskisklegalkworldwide
d. Lawkimposeskstructurekonksocietykbyklimitingkactivitieskthatkhurtkthek"publickinterest"
ANSWER: d
FEEDBACK: a.k Incorrect.kTheklegalksystemkhelpsktokdefinekacceptableksocialkbehavior.kTheklaw
limitskactivitieskthatkdamagekthekpublickinterest.
b. Incorrect.kTheklegalksystemkhelpsktokdefinekacceptableksocialkbehavior.kTheklawkl
imitskactivitieskthatkdamagekthekpublickinterest.
c. Incorrect.kTheklegalksystemkhelpsktokdefinekacceptableksocialkbehavior.kTheklawkl
imitskactivitieskthatkdamagekthekpublickinterest.
d. Correct.kTheklegalksystemkhelpsktokdefinekacceptableksocialkbehavior.kTheklawkl
imitskactivitieskthatkdamagekthekpublickinterest.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONkTYPE: MultiplekChoice
HASkVARIABLES: False
LEARNINGkOBJECTIVES:k BLAW.MEIN.23.1.1.1k-kDefinekbusinessklaw.
NATIONALkSTANDARDS:k UnitedkStatesk-kBUSPROG:kAnalytick|kTechnologyk-kBUSPROG:kAnalytic
STATEkSTANDARDS: UnitedkStatesk-kUniversalk-kDISC:kAICPA:kBB-Legal
TOPICS: A-Head:kLawkandkthekKeykFunctionskofkthekLegalkSystem
KEYWORDS: Bloom's:kAnalyze
DATEkCREATED: 6/24/2021k2:41kPM
DATEkMODIFIED: 9/11/2021k10:01kAM
4. Whichkofkthekfollowingkarekreflectedkinksomekaspectkofklaw?
a. Honestykandkintegritykarekreflectedkbykthekenforceabilitykofkcontracts.
b. Respectkforkotherkpeoplekandktheirkpropertykiskreflectedkinktortkandkpropertyklaw.
c. Somekmeasureskofkacceptablekbehaviorkarekreflectedkinkcriminalklaws.
d. Honestykandkintegritykarekreflectedkbykthekenforceabilitykofkcontracts,krespectkforkotherkpeoplekandktheirkp
ropertykiskreflectedkinktortkandkpropertyklaw,kandksomekmeasureskofkacceptablekbehaviorkarekreflectedkinkcr
iminalklaws.
ANSWER: d
FEEDBACK: a.k Incorrect.kIntegritykiskreflectedkinkthekenforceabilitykofkcontracts,krespectkforkother
peoplekandktheirkpropertykiskreflectedkinktortkandkpropertyklaw,kandksomek
measureskofkacceptablekbehaviorkarekreflectedkinkcriminalklaws.
b. Incorrect.kIntegritykiskreflectedkinkthekenforceabilitykofkcontracts,krespectkforkotherk
peoplekandktheirkpropertykiskreflectedkinktortkandkpropertyklaw,kandksomekmeasur
eskofkacceptablekbehaviorkarekreflectedkinkcriminalklaws.
c. Incorrect.kIntegritykiskreflectedkinkthekenforceabilitykofkcontracts,krespectkforkotherk
peoplekandktheirkpropertykiskreflectedkinktortkandkpropertyklaw,kandksomekmeasur
eskofkacceptablekbehaviorkarekreflectedkinkcriminalklaws.
d. Correct.kIntegritykiskreflectedkinkthekenforceabilitykofkcontracts,krespectkforkotherk
peoplekandktheirkpropertykiskreflectedkinktortkandkpropertyklaw,kandksome
CopyrightkCengagekLearning.kPoweredkbykCognero. Pagek2
mynursytest.store
,DOWNLOAD THE Test Bank for Legal Environment of Business 14th EditionMeiner
k k k k k k k k k k k
s
measureskofkacceptablekbehaviorkarekreflectedkinkcriminalklaws.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONkTYPE: MultiplekChoice
HASkVARIABLES: False
LEARNINGkOBJECTIVES:k BLAW.MEIN.23.1.1.1k-kDefinekbusinessklaw.
NATIONALkSTANDARDS:k UnitedkStatesk-kBUSPROG:kAnalytick|kTechnologyk-kBUSPROG:kAnalytic
STATEkSTANDARDS: UnitedkStatesk-kUniversalk-kDISC:kAICPA:kBB-Legal
TOPICS: A-Head:kLawkandkthekKeykFunctionskofkthekLegalkSystem
KEYWORDS: Bloom's:kAnalyze
DATEkCREATED: 6/24/2021k2:41kPM
DATEkMODIFIED: 9/11/2021k10:01kAM
5. Changeskinklawskregardingkthekconsumptionkofkalcoholkorkusekofkmarijuanakindicatekthat:
a. theklegalksystemkcankbringkaboutkchangeskink"acceptable"kbehavior.
b. theklegalksystemkdoesknotkchangekwithktime.
c. theklegalksystemkisksubjectktokthekwhimskofkSupremekCourtkJudges.
d. theklegalksystemkisksubjectktokthekwillkofkthekgeneralkpublic.
ANSWER: a
FEEDBACK: a.k Correct.kTheklegalksystemkprovideskakwayktokbringkaboutkchangeskink“acceptable”
behavior.
b. Incorrect.kTheklegalksystemkprovideskakwayktokbringkaboutkchangeskink“
acceptable”kbehavior.
c. Incorrect.kTheklegalksystemkprovideskakwayktokbringkaboutkchangeskink“
acceptable”kbehavior.
d. Incorrect.kTheklegalksystemkprovideskakwayktokbringkaboutkchangeskink“
acceptable”kbehavior.
POINTS: 1
DIFFICULTY: Moderate
QUESTIONkTYPE: MultiplekChoice
HASkVARIABLES: False
LEARNINGkOBJECTIVES:kBLAW.MEIN.23.1.1.6k-
kIdentifykhowktokremedykunethicalkbehavior.kNATIONALkSTANDARDS:k UnitedkStatesk-
kBUSPROG:kAnalytick|kTechnologyk-kBUSPROG:kAnalytickSTATEkSTANDARDS:
UnitedkStatesk-kUniversalk-kDISC:kAICPA:kBB-Legal
TOPICS: A-Head:kLawkandkthekKeykFunctionskofkthekLegalkSystem
KEYWORDS: Bloom's:kAnalyze
DATEkCREATED: 6/24/2021k2:41kPM
DATEkMODIFIED: 9/11/2021k10:01kAM
6. OnekexamplekofktheklawkworkingktokeffectksocialkchangekinkthekU.S.kiskinkthekareakof:
a. commercialkpaper.
b. negotiablekinstruments.
c. easements.
d. racialkdiscrimination.
ANSWER: d
CopyrightkCengagekLearning.kPoweredkbykCognero. Pagek3
mynursytest.store
, DOWNLOAD THE Test Bank for Legal Environment of Business 14th EditionMeiner
k k k k k k k k k k k
s
FEEDBACK: a.k Incorrect.kInkthekpast,ksomekstateskrequiredkbusinessesktokdiscriminatekagainst
CopyrightkCengagekLearning.kPoweredkbykCognero. Pagek4
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