Business Law Flashcards, test questions and answers

Question 1

Which of the following would be relevant areas of business law to a human resource manager? A. Contracts, employment and labor law, and employment discrimination B. Contracts only C. Contracts and labor law, but not employment discrimination D. Employment and labor law, but not contracts E. Human resource managers hold administrative positions and are not concerned with areas of business law

Answer

A. Contracts, employment and labor law, and employment discrimination
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Question 2

When choosing a state in which to locate, one must evaluate which of the following? A) The general business climate B) The state’s business laws, regulations, and taxes C) Tax incentives and/or investment credits D) All of the above

Answer

all of the above
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Question 3

Business law consists of the suggested rules of conduct that govern commercial relationships.

Answer

F Business law consists of the enforceable rules of conduct that govern commercial relationships.
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Question 4

Of the ten law subjects that are included in business law, identify three.

Answer

Torts, Contracts, Criminal law, Bankruptcy, Employment law, Labor law, Consumer Law, Environmental law, Cyber Law, & Real property law.
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Question 5

Ethical conceptions bad shape business law and business relationships uniquely in each country

Answer

True of business ethics
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Question 6

business law (marketing core function)

Answer

Understand business’s responsibility to know, abide by, and enforce laws and regulations that affect business operations and transactions
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Question 7

Jackson offers to pay Casey $50 for his used business law textbook. Casey agrees to sell it for that amount. They agree to meet one week later to exchange the money for the book. Casey and Jackson have formed a. a bilateral contract. b. a unilateral contract. c. no contract. d. a formal contract.

Answer

a bilateral contract
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Question 8

What is business law?

Answer

Encompasses all of the laws that dictate how to form and run a business.
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Business Law Flashcards, test questions and answers

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