Reference no: EM133076841
LEGAL ENVIRONMENT OF BUSINESS
TRUE/FALSE
1. Ethics is generally defined as the principles governing what constitutes right or wrong behavior.
2. Judge made law is referred to as case law.
3. Civil law concerns wrongs against the public as a whole whereas criminal law concerns rights and duties between persons.
4. In a federal form of government, the national and state governments share sovereign power.
5. The Commerce Clause provides the basis for the national government's extensive regulation of state and local affairs.
6. The minimum threshold test is used to balance government interest against the right of freedom of speech.
7. Compliance with the law is sometimes call the maximum minimum of ethics.
8. Rather than only considering profit maximization, companies often use a triple bottom line approach when trying to behave as a good corporate citizen.
9. Utilitarianism is duty based ethics.
10. Judicial review was established by the U.S. Supreme Court in Plessy vs. Ferguson.
11. Venue is concerned with the most appropriate location for a trial.
12. Arbitration is nonbinding whereas mediation is binding.
MULTIPLE CHOICE
13. The U.S. Constitution and state constitutions, statutory law, ___________, and case law are considered primary sources of law.
A. Treatises
B. Regulations
C. Textbooks
D. Wikipedia
14. ________ is the concept of case precedent and higher court decisions being binding on lower courts.
A. Stare decisis
B. Plessy
C. Statutory interpretation
D. Persuasive authority
15. What is the term used to refer to the opinions of an appellate court judge who disagrees with the ultimate decision of the court?
A. Majority
B. Dissenting
C. Concurring
D. Per curiam
16. Who was President under the Articles of Confederation?
A. George Washington
B. Abraham Lincoln
C. John Hancock
D. John Hansen
17. According to Heart of Atlanta Motel vs. United States, if ____________ feels the pinch, it does not matter how local the squeeze.
A. Interstate commerce
B. Intrastate commerce
C. Neither A nor B
D. B but not A
18. In Bad Frog Brewery vs New York Liquor Authority, the court held that states must have a _________ interest in order to limit commercial speech.
A. Minimum
B. Maximum
C. Compelling
D. Passive
19. What is Google's code of conduct?
A. Carpe Diem
B. Do unto others
C. Don't be evil
D. Cause no harm
20. According to Al-Dabagh vs. Case Western, failure to issue a diploma as the result of unprofessional behavior was not considered to be an act of______________.
A. Bad fatih
B. Recklessness
C. Careleness
D. Noncompliance
21. Duty based ethical standards are derived from the philosophical reasoning of:
A. Emmanuel Lewis
B. Jeremy Bentham
C. John Stuart Mill
D. Immanuel Kant
22. Among other things, according to Watson Laboratories vs. Miss, intentional fraudulent misrepresentation requires:
A. False representation
B. Reliance
C. Proximate injury
D. All of the above
23. As confirmed in Mala vs. Crown Bay Marina, parties must be from different states to meet the requirements of:
A. Concurrent jurisdiction
B. Diversity of citizenship
C. In rem jurisdiction
D. None of the above
24. The issue in Johnson vs. Oxy Usa pertaining to the inability to retry the same issue in court at the same court level is referred to as ___________.
A. Double jeopardy
B. Res judicata
C. Limited jurisdiction
D. Causation
25. In order for the Supreme Court to grant a writ of certiorari, the rule of ________ must be met.
A. Three
B. Seven
C. Four
D. Nine