Question 1

Which of the following statements is a feature of the study of the legal environment of business?

Accepted Answer

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. 
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.

Question 2

Julia believes that the current jurisprudence reflects a male legislature and judicial system, and that women's views are underrepresented. Based on this scenario, she belongs to the school of jurisprudence.

Accepted Answer

A)  feminist 
B)  positivist 
C)  critical 
D)  law and economics 
A)  feminist 
B)  positivist 
C)  critical 
D)  law and economics

Question 3

law deals with the relationship of government to individual citizens.

Accepted Answer

A)  Property 
B)  Civil 
C)  Private 
D)  Public 
A)  Property 
B)  Civil 
C)  Private 
D)  Public

Question 4

Compare and contrast criminal law and civil law.

Accepted Answer

Criminal law comprises those federal and

Question 5

Which of the following schools of jurisprudence states that the source of law is the sovereign?

Accepted Answer

A)  natural law school 
B)  positivist school 
C)  sociological school 
D)  American realist school 
A)  natural law school 
B)  positivist school 
C)  sociological school 
D)  American realist school

Question 6

Statutory law is the law made by the legislative branch of government.

Accepted Answer

A) True 
 B)False

Question 7

An important function of the World Trade Organization is to lower trade barriers.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following accurately illustrates the chronological process of a bill becoming a law?

Accepted Answer

A)  affirmative vote by both houses of Congress, referral to a committee, bill is marked up, subcommittee approval 
B)  referral of bill to a subcommittee, approval by the subcommittee and larger committee, affirmative vote by both houses of Congress, president's signature 
C)  president's signature, bill is marked up, subcommittee hearings, affirmative vote by both houses of Congress 
D)  passage of bill by Senate, passage of bill by House of Representatives, Senate-House Conference Committee reconciles differences, referral to subcommittee 
A)  affirmative vote by both houses of Congress, referral to a committee, bill is marked up, subcommittee approval 
B)  referral of bill to a subcommittee, approval by the subcommittee and larger committee, affirmative vote by both houses of Congress, president's signature 
C)  president's signature, bill is marked up, subcommittee hearings, affirmative vote by both houses of Congress 
D)  passage of bill by Senate, passage of bill by House of Representatives, Senate-House Conference Committee reconciles differences, referral to subcommittee

Question 9

are sources of law which, in and of themselves, may not have the force of law.

Accepted Answer

A)  U.S. Supreme Court decisions; primary 
B)  Restatements; primary 
C)  U.S. Supreme Court decisions; secondary 
D)  Restatements; secondary 
A)  U.S. Supreme Court decisions; primary 
B)  Restatements; primary 
C)  U.S. Supreme Court decisions; secondary 
D)  Restatements; secondary

Question 10

What happens once the full House and Senate have each passed a version of a bill?

Accepted Answer

A)  If the House and Senate versions are substantially similar, the Senate version goes to the president for his signature or veto. 
B)  The two versions of the bill go back to the applicable subcommittees in both the House and Senate to reconcile the differences and create a single version for signature or veto by the president. 
C)  The House and Senate versions are both sent to the president for signature or veto of the version he finds best suited to meeting the needs of the country. 
D)  Both the House and Senate versions are sent to a Senate-House Conference Committee for reconciliation and then a single version is returned to the full House and Senate for a vote. 
A)  If the House and Senate versions are substantially similar, the Senate version goes to the president for his signature or veto. 
B)  The two versions of the bill go back to the applicable subcommittees in both the House and Senate to reconcile the differences and create a single version for signature or veto by the president. 
C)  The House and Senate versions are both sent to the president for signature or veto of the version he finds best suited to meeting the needs of the country. 
D)  Both the House and Senate versions are sent to a Senate-House Conference Committee for reconciliation and then a single version is returned to the full House and Senate for a vote.

Question 11

The purpose of the North American Free Trade Agreement (NAFTA) is to .

Accepted Answer

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 
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

Question 12

Plato believed that law is a rule of conduct, a contract, or an ideal of reason.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is true of the natural law school of jurisprudence?

Accepted Answer

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. 
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.

Question 14

Hobbes believed that law is the command of the sovereign.

Accepted Answer

A) True 
 B)False

Question 15

The executive branch of the government is composed of the .

Accepted Answer

A)  various administrative agencies 
B)  House of Representatives and the Senate 
C)  president, the president's staff, and the cabinet 
D)  federal and state courts 
A)  various administrative agencies 
B)  House of Representatives and the Senate 
C)  president, the president's staff, and the cabinet 
D)  federal and state courts

Question 16

The study of the legal environment includes the study of the administrative law process and the role of businesspeople in that process.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is not a recognized school of jurisprudence?

Accepted Answer

A)  doctrinal 
B)  American realist 
C)  critical legal studies 
D)  feminist 
A)  doctrinal 
B)  American realist 
C)  critical legal studies 
D)  feminist

Question 18

List the various steps involved in the legislative process.

Accepted Answer

Step 1: A bill is introduced into the U.

Question 19

Since the pace of economic globalization has slowed in recent years, there is less reason to be concerned about political and economic developments in other countries.

Accepted Answer

A) True 
 B)False

Exam 2: Introduction to Law and the Legal Environment of Business

Which of the following statements is a feature of the study of the legal environment of business?

Julia believes that the current jurisprudence reflects a male legislature and judicial system, and that women's views are underrepresented. Based on this scenario, she belongs to the school of jurisprudence.

law deals with the relationship of government to individual citizens.

Compare and contrast criminal law and civil law.

Which of the following schools of jurisprudence states that the source of law is the sovereign?

Statutory law is the law made by the legislative branch of government.

An important function of the World Trade Organization is to lower trade barriers.

Which of the following accurately illustrates the chronological process of a bill becoming a law?

are sources of law which, in and of themselves, may not have the force of law.

What happens once the full House and Senate have each passed a version of a bill?

The purpose of the North American Free Trade Agreement (NAFTA) is to .

Plato believed that law is a rule of conduct, a contract, or an ideal of reason.

Which of the following is true of the natural law school of jurisprudence?

Hobbes believed that law is the command of the sovereign.

The executive branch of the government is composed of the .

The study of the legal environment includes the study of the administrative law process and the role of businesspeople in that process.

Which of the following is not a recognized school of jurisprudence?

List the various steps involved in the legislative process.

Since the pace of economic globalization has slowed in recent years, there is less reason to be concerned about political and economic developments in other countries.

Critical Thinking and Legal Reasoning

The American Legal System

Alternative Tools of Dispute Resolution

Constitutional Principles

White-Collar Crime and the Business Community

Ethics, Social Responsibility, and the Business Manager

The International Legal Environment of Business

The Law of Contracts and Sales I

The Law of Contracts and Sales Ii

The Law of Torts

Product and Service Liability Law

Law of Property: Real and Personal

Intellectual Property

Agency Law

Law and Business Associations I

Law and Business Associations II

The Law of Administrative Agencies

The Employment Relationship and Immigration Laws

Laws Governing Labor-Management Relations

Employment Discrimination

Environmental Law

Rules Governing the Issuance and Trading of Securities

Antitrust Laws

Laws of Debtor-Creditor Relations and Consumer Protection

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