Test Bank For Business Law and Strategy, 2nd Edition All Chapters - 9781265676506.pdf

Test Bank For Law and Business Administration in Canada
N N N N N N N N



, The, 15th Edition by J E. Smyth, Dan Soberman, A J. Eass
N N N N N N N N N N N N



on, Shelley McGill Chapter 1-32
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ANsimpleNdefinitionNofNlawNwouldNbeNmisleadingNbecauseNlawNisNso
a.NboundNupNwithNtheNruleNofNlaw.
b.NdiverseNandNcomplex.
c.NdifficultNtoNdefine.
d.NnoneNofNtheNabove
e.NallNofNtheNaboveN-NNNNANSWERNNNb
Diff:N2
Type:NMC
Topic:NTheNRoleNofNLaw
Skill:NRecall

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WeNneedNtoNhaveNlawNbecauseNit
a.NregulatesNindividuals'NinteractionsNwithNoneNanother.
b.NgivesNtheNgovernmentNtheNpowerNtoNactNforNtheNbenefitNofNsocietyNinNgeneral.
c.NprovidesNanNelementNofNcertaintyNinNdeterminingNcontractualNandNpropertyNrights.
d.NprotectsNpersons,Nproperty,NandNsociety,NandNprohibitsNconductNthatNsocietyNbelieve
sNisNharmful.
e.NallNofNtheNaboveN-NNNNANSWERNNNe
Diff:N2
Type:NMC
Topic:NTheNRoleNofNLaw
Skill:NRecall

3

TheNfactNthatNlawsNthatNappearNtoNbeNunjustNmustNstillNbeNobeyedNsuggestsNthat
a.NjusticeNisNmerelyNtheNresultNofNtheNinfluenceNofNethics.
b.NjusticeNisNmerelyNaNproductNofNsocialNmorals.
c.NthereNisNaNdifferenceNbetweenNgoodNlawsNandNbadNones.
d.NinNreality,NweNmustNthinkNofNjusticeNasNnothingNmoreNthanNtheNresultNofNourNlegalNsyst
em.
e.NthoseNwhoNmakeNtheNlawsNjustNdoNnotNcare.N-NNNNANSWERNNNd
Diff:N3
Type:NMC
Topic:NTheNRoleNofNLaw
Skill:NApplied

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,TheNCanadianNlegalNprofessionNisNorganizedNonNaNprovincialNbasisNwithNeachNprovince
NhavingNitsNownN"bar"Nsociety.NHowever,NaNmemberNofNanyNprovincialNbarNmayNappearN

before
a.NtheNHouseNofNLordsNinNEngland.
b.NtheNInternationalNWarNCrimesNTribunal.
c.NtheNSupremeNCourtNofNCanada.
d.NanyNHumanNRightsNTribunalNinNanyNprovince.
e.NanyNLandlordNandNTenantNBoardNTribunalNinNanyNprovince.N-NNNNANSWERNNNc
Diff:N3
Type:NMC
Topic:NLegalNRiskNManagement
Skill:NRecall

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JoeNhiredNJulie,NaNlawyer,NtoNdefendNhimNonNassaultNcharges.NAtNtheirNfirstNmeetingNheN
toldNherNtheNdetailsNconcerningNhisNinvolvementNinNtheNassault.NAfterNaNdisputeNbetwee
nNJoeNandNJulieNinNrelationNtoNlegalNfees,NJoeNdecidedNtoNretainNaNnewNlawyer.NTheNpoli
ceNattendedNatNJulie'sNofficeNtoNaskNherNquestionsNconcerningNwhatNJoeNtoldNherNabout
NtheNassault.NInNtheseNcircumstances

a.NtheNsolicitor/clientNprivilegeNdoesNnotNallowNJulieNtoNrevealNanyNcommunicationsNshe
NhadNwithNJoeNwithoutNhisNapproval.

b.NgivenNthatNtheNsolicitor/clientNrelationshipNhasNended,NJulieNisNatNlibertyNtoNdiscloseNt
heNinformation.
c.NtheNsolicitor/clientNprivilegeNdoesNnotNextendNtoNadmissionsNbyNclientsNofNwrongdoin
gNsoNcommunicationsNmustNbeNdisclosed.
d.NJulieNisNatNlibertyNtoNdiscloseNanyNinformationNinNrelationNtoNtheNdisputeNwithNJoeNove
rNfeesNbutNnotNinNrelationNtoNcommunicationsNaboutNtheNassault.
e.NtheNCanadaNEvidenceNActNpermitsNJuN-NNNNANSWERNNNa
Diff:N3
Type:NMC
Topic:NLegalNRiskNManagement
Skill:NApplied

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ANcomplianceNofficerNemployedNbyNaNbusinessNforNpurposesNofNmonitoringNlegislativeNr
equirementsNapplicableNtoNtheNbusinessNensures
a.NthatNoutsideNcounselNareNhiredNbyNtheNbusinessNonNaNgeneralNretainerNbasisNtoNresp
ondNtoNurgentNmatters.
b.NthatNtheNbusinessNcompliesNwithNallNregulatoryNandNlegislativeNrequirementsNtoNavoi
dNclaims,NfinesNandNotherNpossibleNpenaltiesNorNsanctions.
c.NthatNprobationaryNemployeesNareNscreenedNandNmonitoredNappropriatelyNbyNtheNbu
sinessNinNtheN90NdayNperiod.
d.NthatNtheNbusinessNpaysNoutstandingNfines.
e.NthatNsomeoneNattendsNonNallNSmallNClaimsNCourtNmattersNwhereNoutsideNcounselNar
eNnotNrequired.N-NNNNANSWERNNNb
Diff:N3
Type:NMC

,Topic:NLegalNRiskNManagement
Skill:NApplied

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WhenNweNsayNthatNtheNlawNisNpartNofNeveryNfacetNofNbusiness,NweNmeanNthat
a.NitNisNcentralNtoNbusinessNinteractionNwithNcustomers,Nsuppliers,Ncompetitors,NandNgo
vernment.
b.NbusinessNcannotNsucceedNwithoutNunderstandingNtheNlaw.
c.NitNoutlinesNwhatNweNdo,NhowNtoNdoNit,NandNwhatNnotNtoNdo.
d.NtheNfailureNofNbusinessesNtoNcomplyNwithNtheNlawNmayNresultNinNcriminal,Nregulatory,N
and/orNcivilNliability.
e.NallNofNtheNaboveN-NNNNANSWERNNNe
Diff:N2
Type:NMC
Topic:NLawNandNBusiness
Skill:NRecall

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EffectiveNoperationNofNaNbusinessNrequiresNthatNbusinessNmanagers
a.NrelyNonNlawyersNtoNformNtheNrightNquestionsNandNanswersNforNlegalNissues.
b.NdoNnotNhaveNtoNbecomeNexpertsNinNtheNactivitiesNofNtheirNbusinesses.
c.NsimplyNrelyNonNtheNdecisionsNmadeNbyNthoseNinNauthorityNaboveNthem.
d.NdoNnotNhaveNtoNfamiliarizeNthemselvesNwithNtheNlaw.
e.NmustNknowNtheNlawNandNmustNunderstandNtheNlegalNrisksNassociatedNwithNtheNevery
dayNchoicesNthatNtheyNmake.N-NNNNANSWERNNNe
Diff:N2
Type:NMC
Topic:NLawNandNBusiness
Skill:NRecall

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ANriskNmanagementNplan
a.NdoesNnotNrequireNregularNrevision.
b.NdoesNnothingNtoNpromoteNtheNbetterNconductNofNaNbusiness.
c.NisNonlyNnecessaryNinNsophisticatedNbusinesses.
d.NdoesNnotNnecessarilyNinvolveNaNlawyerNinNeveryNpartNofNtheNoverallNplan.
e.NhelpsNaNbusinessNtoNidentifyNandNanticipateNpotentialNlegalNliability.N-NNNNANSWERNNNe
Diff:N2
Type:NMC
Topic:NLawNandNBusiness
Skill:NApplied

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WhichNofNtheNfollowingNwillNaNbusinessNuseNtoNreduceNitsNliability?
a.NriskNreduction
b.NriskNabsorption

, c.NriskNavoidance
d.NriskNtransfer
e.NallNofNtheNaboveN-NNNNANSWERNNNe
Diff:N1
Type:NMC
Topic:NLawNandNBusiness
Skill:NRecall

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ToNimplementNaNriskNmanagementNplan,NaNbusinessNmustNfirst
a.NprioritizeNtheNrisks.
b.NdevelopNeffectiveNstrategiesNtoNdealNwithNtheNrisks.
c.NreviseNtheNplanNonNaNregularNbasis.
d.NimplementNtheNplan.
e.NconductNaNlegalNauditNofNtheNbusinessNoperation.N-NNNNANSWERNNNe
Diff:N3
Type:NMC
Topic:NLawNandNBusiness
Skill:NApplied



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InNdecidingNwhetherNaNstatuteNisNvalidNorNinvalid,NtheNcourtNmustNconsider
a.NtheNeffectNthatNtheNstatuteNhas.
b.NtheNpurposeNofNtheNstatute.
c.NwhetherNitNshouldNinterpretNtheNstatuteNbroadly.
d.NwhetherNitNshouldNinterpretNtheNstatuteNnarrowly.
e.NallNofNtheNaboveN-NNNNANSWERNNNe
Diff:N2
Type:NMC
Topic:NTheNCourtsNandNLegislation
Skill:NRecall

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ANbindingNcodeNofNconductNisNa
a.NgeneralNcodeNofNconductNthatNisNavailableNtoNanyone.
b.NcodeNofNconductNestablishedNvoluntarilyNbyNindustry.
c.NcodeNofNconductNthatNgovernmentsNimposeNonNbusinessNandNindustry.
d.NcodeNofNconductNthatNregulatesNspecifiedNactivities,NsuchNasNthoseNofNprofessionals.
e.NcodeNofNconductNthatNaNfirmNorNbusinessNimposesNonNitself.N-NNNNANSWERNNNd
Diff:N2
Type:NMC
Topic:NLawNandNBusinessNEthics
Skill:NRecall

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