Reference no: EM132208934
1. The common law is law made and applied by judges as they decide cases not governed by statutes or other types of law.
True
False
2. Both civil and criminal liability can exist at the same time.
True
False
3. In response to a plaintiff's complaint, the defendant must file a pleading called an answer or be in default.
True
False
4. The law has only one function: preserving order.
True
False
5. In which situation does a supplier have the least power according to Michael? Porter?
A. there is domination by a few companies
B. when substitutes are readily available
C. switching costs are high
D. products are differentiated
E. the industry is not important to the supplier
6. According to the? text, which of the following is NOT a guideline for business? plans?
A. Be clear and concise.
B. Show that you have skin in the game.
C. Choose a voice and stick with it.
D. Number and label.
E. Use historical data and reports for your industry.