Question 1

Law is:

Group of answer choices

a body of religious principles held by all members of society.

a body of principles that society establishes to keep things running smoothly.

always the result of case-law decisions.

derived solely from the United States Constitution.

Question 2

Law consists of:

Group of answer choices

principles that govern conduct.

mere guidelines.

arbitrary rules.

traditions.

Question 3

The law could best be described as:

Group of answer choices

only statutory in nature.

only the creation of our courts.

a collection or bundle of rights.

a bundle of political choices.

Question 4

Our rights flow from all the following sourcesexcept:

Group of answer choices

the Constitution.

federal statutes.

city ordinances.

ethical values.

Question 5

A right can exist:

Group of answer choices

by itself.

only if created by a court.

only if there is a corresponding duty.

only under local law.

Question 6

A right is defined as:

Group of answer choices

an obligation of law imposed to perform an act.

a legal capacity to require another party to perform an action.

any written promise.

-a political power to do the right thing.

Question 7

The Securities Exchange Commission creates

Group of answer choices

case precedent.

statutory law.

Constitutional law.

administrative regulations.

Question 8

Rights guaranteed in the United States Constitution:

Group of answer choices

cannot be taken away by statutes or court decisions.

can be taken away by statutes.

can be taken away by court decisions.

can be taken away by local ordinances.

Question 9

The right of privacy consists of:

Group of answer choices

the right to be secure against unreasonable searches by the government only.

the right to protection against intrusions by others only.

both the right to be secure against unreasonable searches by the government and the right to protection against intrusions by others.

the right to be secure against warrantless searches only.

Question 10

A court that can only hear disputes involving damages of $5,000 or less has a limited jurisdiction.

Group of answer choices

True

False

Question 11

Anen bancdecision within a U.S. Court of Appeal only requires a panel of three judges.

Group of answer choices

True

False

Question 12

To initiate a lawsuit, both parties must appear in person and state their claims and defenses in court.

Group of answer choices

True

False

Question 13

If questions of fact are involved, a judge will usually decide the case based on the pleadings alone.

Group of answer choices

True

False

Question 14

Documents filed by both parties at the beginning of a lawsuit are called thepleadings.

Group of answer choices

True

False

Question 15

Depositions are usually taken in the courtroom for purposes of discovery.

Group of answer choices

True

False

Question 16

Aperemptorychallenge to a prospective juror generally can be exercised without giving a reason.

Group of answer choices

True

False

Question 17

A motion for a directed verdict occurs immediately after the last pleading is filed.

Group of answer choices

True

False

Question 18

A judge rules on the admissibility of evidence presented in the trial.

Group of answer choices

True

False

Question 19

Generally, the prevailing party in a lawsuit is awarded the costs of the action, including witness fees and jury fees.

Group of answer choices

True

False

Question 20

Rights theory includes all of the following except:

Group of answer choices

is also known an entitlement theory.

states that everyone has a set of rights.

believes that it is the government's responsibility to protect our rights.

using others in a way that gives you a one-sided benefit.

Question 21

The Utilitarian Theory:

Group of answer choices

holds that we all act in our own self-interest.

is based on doing the most good for the most people.

resolves ethical dilemmas according to time and place.

believes that solving ethical dilemmas requires training

Question 22

According to the bookBuilding and Growing a Business Through Good Times and Bad,companies with 100 years of consistent dividends:

Group of answer choices

use positive laws as a guide for ethical decisions.

have a goal ofprofitability no matter what the cost.

have a strong commitment to values.

value social responsibility above all other factors.

Flag question: Question 23

Question 23

1pts

The importance of trust as a fundamental principle in capitalism is illustrated by expectations that:

Group of answer choices

investors will be able to earn a return on their investments.

employees may be discharged at any time for any reason without notice.

litigation is inevitable because parties to agreements usually break promises.

insider trading proves that the economic system underlying business is flawed.

Flag question: Question 24

Question 24

1pts

Voluntary improvements in value choices and business ethics are:

Group of answer choices

less effective than those brought about by government regulation.

less costly and intrusive than those brought about by government regulation.

virtually nonexistent in corporate America.

more common in third-world countries than in the United States.

Question 25

The U.S. Patriot Act and airport security regulations were enacted for the protection of:

Group of answer choices

the person.

public, health, safety and morals.

the state.

personal rights.

Flag question: Question 26

Question 26

1pts

Laws that prohibit defamation, invasions of privacy, and reputation exist primarily:

Group of answer choices

for protection of the person.

for protection of public health, safety, and morals.

for protection of property.

for protection of the state.

Flag question: Question 27

Question 27

1pts

Laws that prohibit theft, operation of a factory in areas zoned residential, and copyright infringement exist primarily:

Group of answer choices

for protection of the person.

for protection of public health, safety, and morals.

for protection of property.

for protection of the state.

Flag question: Question 28

Question 28

1pts

The passage of federal securities disclosure laws occurred largely as the result of:

Group of answer choices

voluntary self-regulation by ethics experts in the securities industry.

the stock market crash of 1929.

changes in the international market for securities and negotiable instruments.

legislative changes protecting debtors and creditors.

Flag question: Question 29

Question 29

1pts

The greatest changes to the Constitution have been made by United States Supreme Court decisions.

Group of answer choices

True

False

Flag question: Question 30

Question 30

1pts

Many changes have been made to the Constitution by the constitutional method of amending.

Group of answer choices

True

False

Flag question: Question 31

Question 31

1pts

One of the characteristics of the "living" Constitution is limited government.

Group of answer choices

True

False

Flag question: Question 32

Question 32

1pts

The privileges and immunities clause means that if a business owner moves from California to Texas, she can engage in the same business.

Group of answer choices

True

False

Flag question: Question 33

Question 33

1pts

A strong President is one of the characteristics of a "living Constitution."

Group of answer choices

True

False

Flag question: Question 34

Question 34

1pts

When we speak of government regulation of business we ordinarily mean state government regulation, not federal government intervention.

Group of answer choices

True

False

Flag question: Question 35

Question 35

1pts

Administrative agencies are, in effect, a fourth branch of the government.

Group of answer choices

True

False

Flag question: Question 36

Question 36

1pts

A hearing before an administrative law judge is considered a quasi-judicial proceeding.

Group of answer choices

True

False

Flag question: Question 37

Question 37

1pts

Until 1937, the Supreme Court held that the Commerce Clause gave Congress the power to regulate onlyinterstatecommerce, such as an interstate telegraph message.

Group of answer choices

True

False

Flag question: Question 38

Question 38

1pts

Like the Declaration of Independence, the U.S. Constitution refers to our fundamental rights as "unalienable" rights.

Group of answer choices

True

False

Flag question: Question 39

Question 39

1pts

When the federal government deregulates an industry, the states automatically have the power to regulate the same industry.

Group of answer choices

True

False

Flag question: Question 40

Question 40

1pts

A business' right to commercial speech - or advertising - has the same protections as a natural person.

Group of answer choices

True

False

Flag question: Question 41

Question 41

1pts

Under the Clayton Act, a divestiture order is:

Group of answer choices

notification from the Department of Justice that a merger is about to occur.

notification from the Department of Justice that a merger did not occur.

a decision by a court requiring a defendant to sell an enterprise.

an order by a court requiring an enterprise to dispose of its inventory.

Flag question: Question 42

Question 42

1pts

Under the Clayton Act, when large-scale enterprises plan to merge, they must in advance:

Group of answer choices

notify the New York Stock Exchange.

notify the President of the United States.

complete the necessary financing arrangements.

notify the Antitrust Division of the Department of Justice.

Flag question: Question 43

Question 43

1pts

The Clayton Act prohibits:

Group of answer choices

all unfair methods of competition.

conspiracies in restraint of trade.

attempts to monopolize.

price discrimination between buyers of like commodities.

Flag question: Question 44

Question 44

1pts

All of the following are true about tying,except:

Group of answer choices

tying is a violation of the Sherman Act.

tying occurs when sellers require buyers to purchase an unwanted product to get a wanted one.

tying prohibits price discrimination.

tying is the use of control over the product within a relevant market.

Flag question: Question 45

Question 45

1pts

Vertical mergers:

Group of answer choices

occur between firms that have a competitor relationship.

occur between firms that have buyer and seller relationships.

are not covered by the Clayton Act.

are always protected by the federal government.

Flag question: Question 46

Question 46

1pts

A person or enterprise harmed by a Sherman Act violation may bring an action for:

Group of answer choices

punitive damages only.

treble damages.

quadruple damages.

actual damages only.

Flag question: Question 47

Question 47

1pts

When the effect of an antitrust violation is to raise prices:

Group of answer choices

damages are automatically considered doubled.

each plaintiff must sue individually.

imprisonment for the guilty is mandatory.

the state attorney general may bring a class action suit for damages.

Flag question: Question 48

Question 48

1pts

An administrative regulation:

Group of answer choices

is a guideline that may be voluntarily followed.

has the force of law.

is a suggestion of what will protect the environment.

is a standard used to guide an industry at the industry's discretion.

Flag question: Question 49

Question 49

1pts

Proposed administrative regulations must be:

Group of answer choices

printed in the Federal Register.

published in the trade journals of those trades that will be affected by the proposed rules.

Neither printed in the Federal Register nor published in the trade journals of trades that will be affected.

Both printed in the Federal Register and published in the trade journals of trades that will be affected.

Flag question: Question 50

Question 50

1pts

Which of the following is part of an administrative agency's power to investigate?

Group of answer choices

an investigation to determine whether additional administrative rules need to be adopted

an investigation to ascertain facts with respect to a particular suspected or alleged violation

an investigation to determine whether the defendant in a proceeding before the agency is complying with its final order

all of these

Flag question: Question 51

Question 51

1pts

Concerning administrative investigations:

Group of answer choices

agencies are severely limited by the constitutional protection against unreasonable searches and seizures.

a search warrant is always required to search premises.

papers and records generally may be subpoenaed by an agency.

a person does not have constitutional protection against unreasonable searches and seizures.

Flag question: Question 52

Question 52

1pts

The United States constitution places the most significant limitations on administrative investigation in the area of:

Group of answer choices

search and seizure of the person.

aerial inspection.

search and seizure of papers and records.

guarantee against self-incrimination.

Flag question: Question 53

Question 53

1pts

Under the _______ Amendment, agency officials have the right to conduct________ with a warrant, but a(n) ________ inspection is permitted when violations are dangerous to public health and safety.

Group of answer choices

Sixth, inspections, warrantless.

First, inspections, warrantless.

Fourth, inspections, warrantless.

First, interviews, warrantless

Flag question: Question 54

Question 54

1pts

Which of the following is beyond the enforcement power of an agency?

Group of answer choices

requiring proof of compliance with agency regulations

issuing a cease-and-desist order

convicting of criminal violations

imposing civil penalties

Flag question: Question 55

Question 55

1pts

A significant difference between an administrative agency hearing and a court hearing is that:

Group of answer choices

a binding decision can only be made by an agency.

there is no right of trial by jury before an agency.

a court hearing allows no public intervention.

a court can enforce its decision.

Flag question: Question 56

Question 56

1pts

A(n) __________ is a negotiated disposition of a matter before an administrative agency, generally without public sanctions.

Group of answer choices

formal settlement

informal settlement

judicial verdict

quasi-judicial verdict

Flag question: Question 57

Question 57

1pts

Solid waste disposal regulations today deal almost entirely with recycling.

Group of answer choices

True

False

Flag question: Question 58

Question 58

1pts

Funds from the Superfund are used to pay the cost of eliminating or containing condemned waste sites.

Group of answer choices

True

False

Flag question: Question 59

Question 59

1pts

The current EPA standard for coal-fired power plants is maximum achievable control technology (MACT).

Group of answer choices

True

False

Flag question: Question 60

Question 60

1pts

TheNoise Control Actsets the standards for lawn mowers, automobiles, and other devices often found in suburban neighborhoods.

Group of answer choices

True

False