Question 1

Intentional torts against property include _____.

Accepted Answer

A) entering another person's land without permission 
B) interfering with another person's use or enjoyment of personal property 
C) permanently removing property from the rightful owner's possession 
D) all of the above 
A) entering another person's land without permission 
B) interfering with another person's use or enjoyment of personal property 
C) permanently removing property from the rightful owner's possession 
D) all of the above

Question 2

Businesses must be aware of ______.Which is the legal responsibility of manufacturers, wholesalers, and retailers to the buyers or users for the damages or injuries caused by the use of their defective products.

Accepted Answer

A) tort law 
B) injury laws 
C) product liability 
D) warranty law 
A) tort law 
B) injury laws 
C) product liability 
D) warranty law

Question 3

If your city or town passes a law, it would be considered a municipal ordinance.

Accepted Answer

A) True 
 B)False

Question 4

In the United States, the legal system _____ to respond to changes in social norms and commercial activities.

Accepted Answer

A) remains rigid 
B) stalls out 
C) changes rapidly 
D) evolves 
A) remains rigid 
B) stalls out 
C) changes rapidly 
D) evolves

Question 5

Strict liability torts involve actions that are inherently dangerous and for which a party may be liable no matter how carefully he or she (or it) performs them.

Accepted Answer

A) True 
 B)False

Question 6

Manufacturer's negligence may take the form of _____.

Accepted Answer

A) failure to warn 
B) negligent design 
C) negligence per se 
D) all of the above 
A) failure to warn 
B) negligent design 
C) negligence per se 
D) all of the above

Question 7

Economic growth in countries where the legal system fails to provide reliable contract enforcement is usually very robust.

Accepted Answer

A) True 
 B)False

Question 8

_____ is the principle by which government legitimately exercises its authority only in accordance with publicly declared laws that are adopted and enforced according to established procedure.

Accepted Answer

A) Fairness doctrine 
B) Rule of law 
C) Predictability 
D) Equal treatment 
A) Fairness doctrine 
B) Rule of law 
C) Predictability 
D) Equal treatment

Question 9

Statutory laws are made by legislative bodies.

Accepted Answer

A) True 
 B)False

Question 10

What are the primary goals of tort law and how are these goals achieved?

Accepted Answer

The primary goal of tort law is restorin

Question 11

If a LuLu's Diner employee spills scalding hot coffee on a customer causing third degree burns, the owner of LuLu's Diner is held responsible for the employee's actions.

Accepted Answer

A) True 
 B)False

Question 12

The law assumes that, when performing employment duties, an employee is under the control of the employer.

Accepted Answer

A) True 
 B)False

Question 13

An implied warranty of fitness for a particular purpose affirms that the product is fit for some specific use.

Accepted Answer

A) True 
 B)False

Question 14

Organizational law is law pertaining to rules set down by any of the numerous agencies and departments created to administer federal or local law.

Accepted Answer

A) True 
 B)False

Question 15

Law governing disputes between private parties is called _____.

Accepted Answer

A) intentional tort 
B) criminal law 
C) civil law 
D) liability tort 
A) intentional tort 
B) criminal law 
C) civil law 
D) liability tort

Question 16

Which of the following is NOT one of the requirements of a legal contract?

Accepted Answer

A) Mutual agreement 
B) Both parties must possess legal capacity to assume contractual duties 
C) Each agrees not to cause harm or unreasonable risk to the other party 
D) Each must exchange something of legal value 
A) Mutual agreement 
B) Both parties must possess legal capacity to assume contractual duties 
C) Each agrees not to cause harm or unreasonable risk to the other party 
D) Each must exchange something of legal value

Question 17

An employee's actions fall within the scope of his employment if _____.

Accepted Answer

A) they are performed in order to fulfill contractual duties owed to his employer 
B) the employer is in some control, directly or indirectly, over the employee's actions 
C) the employer has contractual capacity 
D) both a and b 
A) they are performed in order to fulfill contractual duties owed to his employer 
B) the employer is in some control, directly or indirectly, over the employee's actions 
C) the employer has contractual capacity 
D) both a and b

Question 18

Product?liability lawsuits against businesses that sell "unreasonably dangerous" products went up a hundredfold between 1950 and 2001, to a total of $205 billion.

Accepted Answer

A) True 
 B)False

Question 19

A misdemeanor is a crime that's not "inherently evil" but that is nevertheless prohibited by society.

Accepted Answer

A) True 
 B)False

Question 20

List and describe the primary functions served by law in the United States.

Accepted Answer

Laws are designed to serve these general

Intentional torts against property include _____.

Businesses must be aware of ______.Which is the legal responsibility of manufacturers, wholesalers, and retailers to the buyers or users for the damages or injuries caused by the use of their defective products.

If your city or town passes a law, it would be considered a municipal ordinance.

In the United States, the legal system _____ to respond to changes in social norms and commercial activities.

Strict liability torts involve actions that are inherently dangerous and for which a party may be liable no matter how carefully he or she (or it) performs them.

Manufacturer's negligence may take the form of _____.

Economic growth in countries where the legal system fails to provide reliable contract enforcement is usually very robust.

_____ is the principle by which government legitimately exercises its authority only in accordance with publicly declared laws that are adopted and enforced according to established procedure.

Statutory laws are made by legislative bodies.

What are the primary goals of tort law and how are these goals achieved?

If a LuLu's Diner employee spills scalding hot coffee on a customer causing third degree burns, the owner of LuLu's Diner is held responsible for the employee's actions.

The law assumes that, when performing employment duties, an employee is under the control of the employer.

An implied warranty of fitness for a particular purpose affirms that the product is fit for some specific use.

Organizational law is law pertaining to rules set down by any of the numerous agencies and departments created to administer federal or local law.

Law governing disputes between private parties is called _____.

Which of the following is NOT one of the requirements of a legal contract?

An employee's actions fall within the scope of his employment if _____.

Product?liability lawsuits against businesses that sell "unreasonably dangerous" products went up a hundredfold between 1950 and 2001, to a total of $205 billion.

A misdemeanor is a crime that's not "inherently evil" but that is nevertheless prohibited by society.

List and describe the primary functions served by law in the United States.

The Foundations of Business

Entrepreneurship

Selecting a Form of Business Ownership

Business Ethics and Social Responsibility

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Product Design and Development

Operations Management in Manufacturing and Service Industries

Business in a Global Environment

Marketing: Providing Value to Customers

Operating in a Digital Marketing and Social Networking

The Role of Accounting in Business

Managing Financial Resources

Teamwork and Communications

Personal Finances

Managing Information and Technology

Filters

Exam 17: The Legal and Regulatory Environment of Business

Intentional torts against property include _____.

Businesses must be aware of ______.Which is the legal responsibility of manufacturers, wholesalers, and retailers to the buyers or users for the damages or injuries caused by the use of their defective products.

If your city or town passes a law, it would be considered a municipal ordinance.

In the United States, the legal system _____ to respond to changes in social norms and commercial activities.

Strict liability torts involve actions that are inherently dangerous and for which a party may be liable no matter how carefully he or she (or it) performs them.

Manufacturer's negligence may take the form of _____.

Economic growth in countries where the legal system fails to provide reliable contract enforcement is usually very robust.

_____ is the principle by which government legitimately exercises its authority only in accordance with publicly declared laws that are adopted and enforced according to established procedure.

Statutory laws are made by legislative bodies.

What are the primary goals of tort law and how are these goals achieved?

If a LuLu's Diner employee spills scalding hot coffee on a customer causing third degree burns, the owner of LuLu's Diner is held responsible for the employee's actions.

The law assumes that, when performing employment duties, an employee is under the control of the employer.

An implied warranty of fitness for a particular purpose affirms that the product is fit for some specific use.

Organizational law is law pertaining to rules set down by any of the numerous agencies and departments created to administer federal or local law.

Law governing disputes between private parties is called _____.

Which of the following is NOT one of the requirements of a legal contract?

An employee's actions fall within the scope of his employment if _____.

Product?liability lawsuits against businesses that sell "unreasonably dangerous" products went up a hundredfold between 1950 and 2001, to a total of $205 billion.

A misdemeanor is a crime that's not "inherently evil" but that is nevertheless prohibited by society.

List and describe the primary functions served by law in the United States.

The Foundations of Business

Entrepreneurship

Selecting a Form of Business Ownership

Business Ethics and Social Responsibility

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Product Design and Development

Operations Management in Manufacturing and Service Industries

Business in a Global Environment

Marketing: Providing Value to Customers

Operating in a Digital Marketing and Social Networking

The Role of Accounting in Business

Managing Financial Resources

Teamwork and Communications

Personal Finances

Managing Information and Technology

Filters