Question 1

What is the difference between law and morality?

Accepted Answer

Law may often reflect our morals, but law and morality, or ethics, are not the same. While law is our government's determination as to our limitations and rights, morality is our own personal view of what we believe is proper and how we should conduct ourselves.

Question 2

According to _____, to the extent the laws reflect the laws of nature or God, the laws are considered "good" ones; to the extent they do not, they are "bad."

Accepted Answer

A)  Jim Crow laws 
B)  Natural law 
C)  Tort laws 
D)  Marxism 
A)  Jim Crow laws 
B)  Natural law 
C)  Tort laws 
D)  Marxism B

Question 3

Discuss the legal realism theory of jurisprudence.

Accepted Answer

Legal realism is based on the premise that actual experience is the key to determining what law should be. What is actually done is important for them, rather than what the law says should be done. Some view the drawback to this theory as that it follows rather than leads. Legal realism does not establish law as a guideline to be followed, but rather would have law follow what people actually do.

Question 4

According to the _____ theory of jurisprudence, actual experience is the key to determining what law should be.

Accepted Answer

A)  legal realism 
B)  natural law 
C)  sociological theory 
D)  legal positivism 
A)  legal realism 
B)  natural law 
C)  sociological theory 
D)  legal positivism

Question 5

Which of the following statements is true regarding the legislative branch of government?

Accepted Answer

A)  It is primarily responsible for interpreting the law by deciding cases in federal courts. 
B)  It has the right to issue executive orders and to veto bills Congress passes. 
C)  It is responsible for executing the laws of the land. 
D)  It is composed of Congress and the Senate. 
A)  It is primarily responsible for interpreting the law by deciding cases in federal courts. 
B)  It has the right to issue executive orders and to veto bills Congress passes. 
C)  It is responsible for executing the laws of the land. 
D)  It is composed of Congress and the Senate.

Question 6

According to this theory of jurisprudence, if the reality is that most people smoke marijuana, then it should be legalized, rather than deeming it illegal because it is viewed by some as immoral. Identify the theory of jurisprudence in discussion.

Accepted Answer

A)  Natural law 
B)  Legal realism 
C)  Sociological theory 
D)  Legal positivism 
A)  Natural law 
B)  Legal realism 
C)  Sociological theory 
D)  Legal positivism

Question 7

The judicial branch of government is primarily responsible for executing the laws of the land.

Accepted Answer

A) True 
 B)False

Question 8

Defamation is most likely to be an example of _____.

Accepted Answer

A)  violation of public law 
B)  a tort 
C)  violation of substantive law 
D)  a felony 
A)  violation of public law 
B)  a tort 
C)  violation of substantive law 
D)  a felony

Question 9

Which of the following branches of the government is composed of Congress and the Senate?

Accepted Answer

A)  Legislative 
B)  Executive 
C)  Judicial 
D)  Civil 
A)  Legislative 
B)  Executive 
C)  Judicial 
D)  Civil

Question 10

What is equity? Distinguish between law and equity.

Accepted Answer

Equity stands outside the law to provide

Question 11

Discuss the sociological theory of jurisprudence.

Accepted Answer

The sociological theory of jurisprudence

Question 12

Instead of granting money damages to the victim, civil laws generally result in punishment of the perpetrator.

Accepted Answer

A) True 
 B)False

Question 13

The theory of natural law is based on the premise that law derives its status as law from the fact that it has been enacted by the sovereign with the power to enforce his or her wishes.

Accepted Answer

A) True 
 B)False

Question 14

Bernard Madoff, former NASDAQ chairman, was sentenced in June 2009 to 150 years in prison after pleading guilty to charges that he conducted purportedly the largest _____ swindle in the country's history and lost a reported $51 billion of his clients' assets.

Accepted Answer

A)  forex 
B)  Ponzi scheme 
C)  insider trading 
D)  pyramid scheme 
A)  forex 
B)  Ponzi scheme 
C)  insider trading 
D)  pyramid scheme

Question 15

Jim Crow laws promoted segregation and racial discrimination.

Accepted Answer

A) True 
 B)False

Question 16

Equitable remedies are generally available when no law has been violated, but a party wishes to have relief.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following statements is true regarding natural law?

Accepted Answer

A)  According to the theory of natural law, law derives its status as law from the fact that it has been enacted by the sovereign with the power to enforce his or her wishes. 
B)  The theory underlying natural law is that there is a discoverable set of absolute right and wrong principles upon which our laws should be based. 
C)  The theory of natural law is based on the premise that society's ideas change over time and law should reflect a compromise between the changing, often conflicting, interests of society. 
D)  According to the theory of natural law, actual experience is the key to determining what law should be. 
A)  According to the theory of natural law, law derives its status as law from the fact that it has been enacted by the sovereign with the power to enforce his or her wishes. 
B)  The theory underlying natural law is that there is a discoverable set of absolute right and wrong principles upon which our laws should be based. 
C)  The theory of natural law is based on the premise that society's ideas change over time and law should reflect a compromise between the changing, often conflicting, interests of society. 
D)  According to the theory of natural law, actual experience is the key to determining what law should be.

Question 18

The legislative branch of the government has the authority to interpret executive orders or other presidential acts as unconstitutional.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following best represents voluntary binding agreements people or businesses enter into in order to obtain something to which they are not otherwise entitled?

Accepted Answer

A)  Torts 
B)  Memorandums 
C)  Contracts 
D)  Articles of incorporation 
A)  Torts 
B)  Memorandums 
C)  Contracts 
D)  Articles of incorporation

Question 20

Which of the following statements is true regarding public law?

Accepted Answer

A)  The harmed party bringing suit pays for suit. 
B)  The suit brought on behalf of harmed party. 
C)  The suit does not proceed if the harmed party doesn't want it to. 
D)  It often deals with criminal cases. 
A)  The harmed party bringing suit pays for suit. 
B)  The suit brought on behalf of harmed party. 
C)  The suit does not proceed if the harmed party doesn't want it to. 
D)  It often deals with criminal cases.

What is the difference between law and morality?

According to _____, to the extent the laws reflect the laws of nature or God, the laws are considered "good" ones; to the extent they do not, they are "bad."

Discuss the legal realism theory of jurisprudence.

According to the _____ theory of jurisprudence, actual experience is the key to determining what law should be.

Which of the following statements is true regarding the legislative branch of government?

According to this theory of jurisprudence, if the reality is that most people smoke marijuana, then it should be legalized, rather than deeming it illegal because it is viewed by some as immoral. Identify the theory of jurisprudence in discussion.

The judicial branch of government is primarily responsible for executing the laws of the land.

Defamation is most likely to be an example of _____.

Which of the following branches of the government is composed of Congress and the Senate?

What is equity? Distinguish between law and equity.

Discuss the sociological theory of jurisprudence.

Instead of granting money damages to the victim, civil laws generally result in punishment of the perpetrator.

The theory of natural law is based on the premise that law derives its status as law from the fact that it has been enacted by the sovereign with the power to enforce his or her wishes.

Bernard Madoff, former NASDAQ chairman, was sentenced in June 2009 to 150 years in prison after pleading guilty to charges that he conducted purportedly the largest _____ swindle in the country's history and lost a reported $51 billion of his clients' assets.

Jim Crow laws promoted segregation and racial discrimination.

Equitable remedies are generally available when no law has been violated, but a party wishes to have relief.

Which of the following statements is true regarding natural law?

The legislative branch of the government has the authority to interpret executive orders or other presidential acts as unconstitutional.

Which of the following best represents voluntary binding agreements people or businesses enter into in order to obtain something to which they are not otherwise entitled?

Which of the following statements is true regarding public law?

Alternative Dispute Resolution

The Court System and Legal Process

Administrative Law

Contracts and Sales

Torts

Property, Real and Personal

Business Crimes

Secured Transactions and Bankruptcy

Agency and Business Organizations

The Employment Relationship and Equal Employment Opportunity

Labor and Management Relations

Securities Regulation and Compliance

Antitrust and Trade Regulation

Intellectual Property

Environmental Law and Business

International Law and Business

Filters

Exam 1: Introduction to the Business and Ethics Environment in a Diverse Society

What is the difference between law and morality?

According to _____, to the extent the laws reflect the laws of nature or God, the laws are considered "good" ones; to the extent they do not, they are "bad."

Discuss the legal realism theory of jurisprudence.

According to the _____ theory of jurisprudence, actual experience is the key to determining what law should be.

Which of the following statements is true regarding the legislative branch of government?

According to this theory of jurisprudence, if the reality is that most people smoke marijuana, then it should be legalized, rather than deeming it illegal because it is viewed by some as immoral. Identify the theory of jurisprudence in discussion.

The judicial branch of government is primarily responsible for executing the laws of the land.

Defamation is most likely to be an example of _____.

Which of the following branches of the government is composed of Congress and the Senate?

What is equity? Distinguish between law and equity.

Discuss the sociological theory of jurisprudence.

Instead of granting money damages to the victim, civil laws generally result in punishment of the perpetrator.

The theory of natural law is based on the premise that law derives its status as law from the fact that it has been enacted by the sovereign with the power to enforce his or her wishes.

Bernard Madoff, former NASDAQ chairman, was sentenced in June 2009 to 150 years in prison after pleading guilty to charges that he conducted purportedly the largest _____ swindle in the country's history and lost a reported $51 billion of his clients' assets.

Jim Crow laws promoted segregation and racial discrimination.

Equitable remedies are generally available when no law has been violated, but a party wishes to have relief.

Which of the following statements is true regarding natural law?

The legislative branch of the government has the authority to interpret executive orders or other presidential acts as unconstitutional.

Which of the following best represents voluntary binding agreements people or businesses enter into in order to obtain something to which they are not otherwise entitled?

Which of the following statements is true regarding public law?

Alternative Dispute Resolution

The Court System and Legal Process

Administrative Law

Contracts and Sales

Torts

Property, Real and Personal

Business Crimes

Secured Transactions and Bankruptcy

Agency and Business Organizations

The Employment Relationship and Equal Employment Opportunity

Labor and Management Relations

Securities Regulation and Compliance

Antitrust and Trade Regulation

Intellectual Property

Environmental Law and Business

International Law and Business

Filters