Exam 16: The Legal and Regulatory Environment of Business

In premises liability laws, there's a subcategory called "slipandfall" laws because slipping and falling are at the heart of so many premisesliability lawsuits.

(True/False)

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Question 21

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

(Essay)

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Question 22

George McGovern was a small business owner before he was a politician.

(True/False)

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Question 23

Agency law is actually a mixture of contract law and tort law.

(True/False)

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Question 24

To prove that an act, such as dropping a can of paint onto a homeowner's property, was negligent, the homeowner must demonstrate:

(Multiple Choice)

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Question 25

In contract law, the purpose of imposing monetary damages is to correct the wrong done when a contract is breached.

(True/False)

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Question 26

Laws and practices making it possible to resolve disputes without taking them to trial are meant to _____.

(Multiple Choice)

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Question 27

The concept of strict liability supports the plaintiff's right to pursue claims against members of the manufacturer's distribution chain.

(True/False)

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Question 28

The basic obligation that one person owes another not to cause harm or an unreasonable risk of harm is called _____.

(Multiple Choice)

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Question 29

Liability in civil cases must be established by proof beyond a reasonable doubt.

(True/False)

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Question 30

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

(True/False)

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Question 31

Punishment in a tort case includes fines, imprisonment, or both.

(True/False)

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Question 32

Private law deals with the relationship of government to private individuals and other private entities.

(True/False)

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Question 33

In curbing smoking, businesses are not motivated strictly by civic responsibility. Workplace smoking increases employer costs in all of the following ways except:

(Multiple Choice)

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Question 34

_____ is a body of enforceable rules and principles of conduct.

(Multiple Choice)

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Question 35

Which of the following is NOT a theory of recovery in a product liability claim

(Multiple Choice)

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Question 36

Discuss employer-employee contracts and the doctrine of respondeat superior.

(Essay)

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Question 37

The standard for determining proximate cause is generally foreseeability.

(True/False)

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Question 38

If a product sold on the market fails to meet legal standards, the company might be considered to be negligent per se.

(True/False)

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Question 39

Manufacturers, but not retailers. may be held liable for breach of warranty.

(True/False)

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Question 40

Showing 21 - 40 of 148

In premises liability laws, there's a subcategory called "slipandfall" laws because slipping and falling are at the heart of so many premisesliability lawsuits.

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

George McGovern was a small business owner before he was a politician.

Agency law is actually a mixture of contract law and tort law.

To prove that an act, such as dropping a can of paint onto a homeowner's property, was negligent, the homeowner must demonstrate:

In contract law, the purpose of imposing monetary damages is to correct the wrong done when a contract is breached.

Laws and practices making it possible to resolve disputes without taking them to trial are meant to _____.

The concept of strict liability supports the plaintiff's right to pursue claims against members of the manufacturer's distribution chain.

The basic obligation that one person owes another not to cause harm or an unreasonable risk of harm is called _____.

Liability in civil cases must be established by proof beyond a reasonable doubt.

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

Punishment in a tort case includes fines, imprisonment, or both.

Private law deals with the relationship of government to private individuals and other private entities.

In curbing smoking, businesses are not motivated strictly by civic responsibility. Workplace smoking increases employer costs in all of the following ways except:

_____ is a body of enforceable rules and principles of conduct.

Which of the following is NOT a theory of recovery in a product liability claim

Discuss employer-employee contracts and the doctrine of respondeat superior.

The standard for determining proximate cause is generally foreseeability.

If a product sold on the market fails to meet legal standards, the company might be considered to be negligent per se.

Manufacturers, but not retailers. may be held liable for breach of warranty.

The Foundations of Business

Business Ethics and Social Responsibility

Business in a Global Environment

Selecting a Form of Business Ownership

The Challenges of Starting a Business

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Teamwork and Communications

Marketing: Providing Value to Customers

Product Design and Development

Operations Management in Manufacturing and Service Industries

The Role of Accounting in Business

Managing Financial Resources

Personal Finances

Managing Information and Technology

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