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business
essentials of business law

Questions and Answers of Essentials of Business Law

A philosophical approach to examining what is good or bad.a. code of ethicsb. culturec. ethicsd. moralse. subculturef. values g. whistleblower
An examination of what is good or bad concerned with behavior as judged by society.a. code of ethicsb. culturec. ethicsd. moralse. subculturef. values g. whistleblower
The beliefs or standards considered worthwhile by an orderly society.a. code of ethicsb. culturec. ethicsd. moralse. subculturef. values g. whistleblower
The sum total of all the learned beliefs, values, and customs that serve to regulate the behavior of members of a particular society.a. code of ethicsb. culturec. ethicsd. moralse. subculturef.
A smaller group within a culture.a. code of ethicsb. culturec. ethicsd. moralse. subculturef. values g. whistleblower
A document that sets down a fi rm’s principles of the ethical behavior expected of its employees.a. code of ethicsb. culturec. ethicsd. moralse. subculturef. values g. whistleblower
A person who reveals confi dential information concerning some wrongdoing or unethical behavior.a. code of ethicsb. culturec. ethicsd. moralse. subculturef. values g. whistleblower
“Corporate culture” is used to describe the values and standards of acceptable behavior in a corporation.T or F
The corporate culture may either foster or discourage moral action on the part of its management and workers.T or F
“Moral standards” includes theories holding that a society has certain common, objective, consistent standards that forbid certain behavior as wrong and hold that other behavior is right.T or F
Describe the motivation behind the behavior of the executives and personnel at the Enron and Andersen companies described in the text.
Perkins intended to sell his two-year-old automobile through an advertisement in the local newspaper. Since the car had more than 80,000 miles on it, Perkins reasoned that a buyer would be more
Quinly and her husband, customers at Greenway Supermarkets, purchased several pounds of fi let mignon and checked out their purchases at the newly installed self-scanners. The price listed on the
Stotts was employed as a technician in the engineering department of Raytron Corporation. All the engineers on staff were required to sign agreements that they would not accept employment with
Using the Internet and search engines, fi nd news about businesses that are currently facing actual or potential charges of ethical indiscretions. Record your fi ndings and share them with the class.
A classifi cation of serious crimes such as murder or arson.a. arsonb. briberyc. burglaryd. extortione. felonyf. forgery g. misdemeanor h. perjury i. robbery j. white-collar crime
A classifi cation of less serious crimes such as certain traffi c of fenses.a. arsonb. briberyc. burglaryd. extortione. felonyf. forgery g. misdemeanor h. perjury i. robbery j. white-collar crime
An act of willful or malicious burning of another’s property.a. arsonb. briberyc. burglaryd. extortione. felonyf. forgery g. misdemeanor h. perjury i. robbery j. white-collar crime
The giving or taking of money or property with the intent of infl uencing, or being infl uenced, in the performance of an offi cial duty.a. arsonb. briberyc. burglaryd. extortione. felonyf. forgery
Wrongfully making or altering the writing of another with the intent to defraud.a. arsonb. briberyc. burglaryd. extortione. felonyf. forgery g. misdemeanor h. perjury i. robbery j. white-collar crime
The taking of someone’s property against that person’s will under threat of bodily harm.a. arsonb. briberyc. burglaryd. extortione. felonyf. forgery g. misdemeanor h. perjury i. robbery j.
An unoffi cial category of crime that generally does not involve force or violence.a. arsonb. briberyc. burglaryd. extortione. felonyf. forgery g. misdemeanor h. perjury i. robbery j. white-collar
Breaking into and entering another person’s property in the night with the intent of committing a felony or stealing property of value.a. arsonb. briberyc. burglaryd. extortione. felonyf. forgery
Taking or demanding money or other property from someone by using force or threats of force or economic harm.a. arsonb. briberyc. burglaryd. extortione. felonyf. forgery g. misdemeanor h. perjury i.
Making false oral or written statements under oath.a. arsonb. briberyc. burglaryd. extortione. felonyf. forgery g. misdemeanor h. perjury i. robbery j. white-collar crime
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.The purpose of criminal law is to compensate injured parties for their losses.
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.If a person’s reckless driving results in an automobile accident, he or she can be
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.Treason is a major crime against the federal government consisting of levying war or
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.White-collar crime, as distinguished from other types of crime, generally does not involve
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.Burning to defraud is a special category of crime committed by persons who burn their own
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.Larceny is a broad term that includes most forms of theft.
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.Shoplifting is the term that describes the theft of money by employees, such as
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.The theft of goods from a vehicle in transit is known as hijacking.
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.In all states, the crime of bribery is limited to giving or taking money or property to
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.The legal term that covers such activities as obtaining goods and other benefi ts by the
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.The crime of perjury is limited to the false swearing under oath before a judge in a
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.A person who profi ts from the sale of stock as a result of using nonpublic information
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.The difference between extortion and bribery is that, in extortion, both parties are
Answer the f ollowing q uestions a nd d iscuss t hem i n c lass.What is the difference between a tort and a crime?
Answer the f ollowing q uestions a nd d iscuss t hem i n c lass.What are the three major classifi cations of crimes?
Answer the f ollowing q uestions a nd d iscuss t hem i n c lass.What are some typical misdemeanors common to most jurisdictions?
Answer the f ollowing q uestions a nd d iscuss t hem i n c lass.What are some common examples of white-collar crime?
Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter.Has the use of computers in business increased or reduced the
Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter.Buckley, a worker in a restaurant, stole a credit card from the coat
Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter.Tameny had worked for Atlantic Richfi eld Company (ARCO) for 15 years
Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter.Franken, president of Monarch Pharmaceuticals Incorporated, was one
A broad category of violations of the rights of individuals.a. conversionb. contributory ne gligencec. defamationd. liabilitye. libelf. negligence g. nuisance h. slander i. tort j. vicarious l
False written or spoken statements that harm a person’s reputation.a. conversionb. contributory ne gligencec. defamationd. liabilitye. libelf. negligence g. nuisance h. slander i. tort j. vicarious
Actions that unreasonably deny someone the enjoyment of his or her land.a. conversionb. contributory ne gligencec. defamationd. liabilitye. libelf. negligence g. nuisance h. slander i. tort j.
False written statements that harm a person’s reputation or good name.a. conversionb. contributory ne gligencec. defamationd. liabilitye. libelf. negligence g. nuisance h. slander i. tort j.
Actions that physically remove or destroy the personal property of others.a. conversionb. contributory ne gligencec. defamationd. liabilitye. libelf. negligence g. nuisance h. slander i. tort j.
False spoken statements or actions that damage a person’s reputation or good name.a. conversionb. contributory ne gligencec. defamationd. liabilitye. libelf. negligence g. nuisance h. slander i.
Carelessness that results in injury to another person or his or her property.a. conversionb. contributory ne gligencec. defamationd. liabilitye. libelf. negligence g. nuisance h. slander i. tort j.
The state or condition of being responsible for wrong or injury.a. conversionb. contributory ne gligencec. defamationd. liabilitye. libelf. negligence g. nuisance h. slander i. tort j. vicarious l
The shifting of responsibility from one person to another.a. conversionb. contributory ne gligencec. defamationd. liabilitye. libelf. negligence g. nuisance h. slander i. tort j. vicarious l iability
A concept that states that one person partially caused his or her own injurie s.a. conversionb. contributory ne gligencec. defamationd. liabilitye. libelf. negligence g. nuisance h. slander i. tort
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.A tort is a violation of the rights of a particular person.
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.Tort law is concerned with compensation for losses suffered by injured parties.
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.Defamation includes both libel and slander.
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.The tort of libel is concerned with injury to a person’s reputation caused by false
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.A person who defames another individual by exhibiting an insulting drawing in a public
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.The tort of slander is concerned with injury to a person’s reputation caused by false
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.Two defenses to charges of defamation are truth and privilege.
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.The tort of nuisance does not entail taking another’s property, only detracting from his
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.Liability is the state of being responsible for a wrong or injury.
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.The tort of conversion is concerned with acts that deny a person the possession of his or
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.The tort of negligence is a form of carelessness.
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.Vicarious liability means that one person can be held responsible for the negligent acts
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.Another, perhaps better, name for the concept of contributory negligence might be
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.The “reasonable person” doctrine is concerned with the appeal to a jury to assume how
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn.Under the doctrine of comparative negligence, juries attempt to determine how much in
Rensch left two diamond rings for cleaning at Riddle’s Mall in Rapid City, South Dakota. Riddle’s had advertised free ring cleaning to the public. When Rensch returned for the rings, he found
A branch of government headed by the president, a governor, or a mayor.a. administrative agencyb. executive bra nchc. administrative hearingd. judicial bra nche. legislative br anch
A branch of government with responsibility for enacting legislation.a. administrative agencyb. executive bra nchc. administrative hearingd. judicial bra nche. legislative br anch
An organization that has executive, legislative, and judicial functions.a. administrative agencyb. executive bra nchc. administrative hearingd. judicial bra nche. legislative br anch
A branch of government with responsibility for deciding cases brought before it.a. administrative agencyb. executive bra nchc. administrative hearingd. judicial bra nche. legislative br anch
An activity conducted by an administrative agency to receive complaints and to make decisions as to the guilt or innocence of parties charged.a. administrative agencyb. executive bra nchc.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.Each level of government usually has three branches: executive, legislative, and judicial.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.Executives at all levels of government are elected by the voters.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.The heads of administrative agencies at all levels of government are appointed only by the
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.The executive branch of government sees that all enacted legislation is enforced.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.The judicial branch of government determines if there have been violations of the la w.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.There is little similarity between government and the operation of administrative a gencies.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.The hearings conducted by administrative agencies customarily include trial by jury.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.Administrative agencies enforce only laws enacted by legislatures.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.The sole purpose of administrative agencies is to regulate business fi rms.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.There is no recourse from the decisions made at an administrative agency hearing.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.Once an administrator has been appointed, it is generally diffi cult to remove him or her
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.Administrative agencies are found at local, state, and federal levels of government.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.In most cases, the individual voter has direct control over administrative a gencies.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.The courts often reverse the decisions of administrative agencies.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn.Administrative agencies have various names, including boards, commissions, and departments.
An inspector from the department of weights and measures in a particular city made a routine examination of the gasoline pumps at a service station to check their accuracy. The inspector found that
English was an employee of the city of Long Beach, California.His fi tness to perform his duties was brought into question by an administrative agency of the city that customarily held hearings where
A “meeting of the minds” regarding the rights and obligations of the parties to a contract.a. competent pa rtyb. considerationc. divisible c ontractd. entire, or indivisible, contracte. executed
A person who is of legal age and normal mentality.a. competent pa rtyb. considerationc. divisible c ontractd. entire, or indivisible, contracte. executed c ontractf. executory c ontract g. express c
The promises exchanged by parties to a contract.a. competent pa rtyb. considerationc. divisible c ontractd. entire, or indivisible, contracte. executed c ontractf. executory c ontract g. express c
A contract that is created entirely through conversation of the parties involved.a. competent pa rtyb. considerationc. divisible c ontractd. entire, or indivisible, contracte. executed c ontractf.
A contract that is understood from the acts or conduct of the parties.a. competent pa rtyb. considerationc. divisible c ontractd. entire, or indivisible, contracte. executed c ontractf. executory c
A written contract that bears a seal.a. competent pa rtyb. considerationc. divisible c ontractd. entire, or indivisible, contracte. executed c ontractf. executory c ontract g. express c ontract h.

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