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

A. Contracts, employment and labor law, and employment discrimination More test answers on https://studyhippo.com/blaw-ch-1/

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

all of the above More test answers on https://studyhippo.com/entre-ch-14/

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

F Business law consists of the enforceable rules of conduct that govern commercial relationships. More test answers on https://studyhippo.com/business-law-ch-1-tf/

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

Torts, Contracts, Criminal law, Bankruptcy, Employment law, Labor law, Consumer Law, Environmental law, Cyber Law, & Real property law. More test answers on https://studyhippo.com/business-law-3/

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

True of business ethics More test answers on https://studyhippo.com/blw/

business law (marketing core function)

Understand business’s responsibility to know, abide by, and enforce laws and regulations that affect business operations and transactions More test answers on https://studyhippo.com/deca-marketing-communications/

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.

a bilateral contract More test answers on https://studyhippo.com/bus-law-chapter-9-cengage/

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Business Law Flashcards, test questions and answers

Q: What is business law?

Encompasses all of the laws that dictate how to form and run a business. More test answers on https://studyhippo.com/business-law-3/

Discover flashcards, test exam answers, and assignments to help you learn more about Business Law and other subjects. Don’t miss the chance to use them for more effective college education. Use our database of questions and answers on Business Law and get quick solutions for your test.

What is Business Law?

Business law is a branch of civil law that deals with the creation, enforcement, and adjudication of rights, duties, and obligations related to business activities. It includes both public and private laws enacted by governments or self-regulated organizations such as industry associations and regulates how businesses are created and operated. The primary focus of business law is on contracts between two parties for goods or services; however, it can also include issues such as property ownership, labor relations, taxation, environmental regulation compliance, intellectual property protection (including trademarks), consumer protection regulations (such as product safety requirements) and more. Businesses must adhere to these rules in order to remain compliant with applicable laws and protect themselves from legal action.Business law covers a wide range of topics including contract formation and performance; agency relationships; tort liability (e.g., negligence); consumer protection; employment law; debtor/creditor relationships; international trade agreements; corporate governance matters (such as partnerships); antitrust concerns; intellectual property protection (patents, copyrights); securities regulations; banking regulations; real estate transactions & zoning restrictions). Businesses must have a comprehensive understanding of all relevant laws in order to ensure compliance with them. Failure to comply can lead to severe penalties including fines or even jail time depending upon the severity of the violation(s). Additionally, some states have specific statutes that provide additional protections for certain classes of individuals involved in business dealings such as minority shareholders or members of an LLC who may not otherwise be protected under traditional contract principles such as those outlined within the Uniform Commercial Code. Overall, it is important for any person conducting business in today’s world to understand the various laws governing their activities so they can properly structure their operations accordingly.