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Multiple Choice Quiz
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1
Which of the following does not determine what market participants may or may not do?
A)Constitutions
B)Corporations
C)Legislatures
D)Courts
2
All of the following include relevant areas of business law with respect to corporate management except:
A)White collar crimes
B)Antitrust law
C)Employment law
D)Property law
3
Which of the following is a purpose of law?
A)Provide order
B)Encourage social justice
C)Guarantee personal freedoms
D)All of the above
4
Civil law:
A)Involves rights in relationships between persons
B)Involves responsibilities in relationships between persons
C)Involves remedies available when someone's rights are violated
D)All of the above
5
Which of the following is not an appropriate category/classification of law?
A)Civil law
B)Private law
C)"Quasi-criminal" law
D)Cyberlaw
6
__________ law consists of rules and regulations set forth by legislatures.
A)Constitutional
B)Common
C)Statutory
D)All of the above
7
An alternative name for "case law" is:
A)Corpus juris secundum
B)Common law
C)Statutory law
D)Executive order
8
When courts rely on precedent, they are obeying the principle of __________.
A)Stare decisis
B)Nolo contendere
C)Res ipsa loquitur
D)Lux libertas
9
Which of the following is an example of a major federal administrative agency (independent agency)?
A)The Consumer Product Safety Commission
B)The Democratic National Committee
C)Veteran's Administration
D)Office of Personnel Management
10
The term __________ describes certain ethical laws and principles believed to be morally right and "above" the laws devised by humans.
A)Deism
B)Legal positivism
C)Legal realism
D)Natural law





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