8/25/23, 10:33 PM
BUSI 310 - 2023-03-11T094539
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1/2
There is really no reason to be acquainted with business laws and government
regulations, except to pass this test
False
Laws and government regulations affect almost all business activities.
True
Business persons are expected to make decisions that are ethically sound
True
A state law that conflicts with the U. S. constitution will be deemed unconstitutional.
True
Statutory laws includes state statutes and ordinances passed by cities and counties
True
There are legal questions involved when considering ways to raise capital so a business
can grow
True
A small business owner is likely to face legal questions when determining ways to
reduce his small business's taxes.
True
Administrative law is a source of American law that is comprised of statues.
False
The American law consists of the rules, orders, and decisions of administrative
agencies.
True
Common law is the same as statutory law.
False
Stare decisis is a doctrine obligating judges to follow the precedents established with
their jurisdictions.
True
In order to truly understand our legal system, it is important to understand the origins of
the common law tradition.
True
Money or property, including land, remedies at law.
True
The basis for the U.S. legal system is the natural law school.
True
Criminal acts are prohibited only by federal government statutes.
False
International law is the law of a foreign nation and varies from country to country.
False
State laws are the supreme law of the United States
False
8/25/23, 10:33 PM
BUSI 310 - 2023-03-11T094539
about:blank
2/2
Administrative law consists of the rules, orders, decisions, of administrative agencies
True
Data Analytics, Inc., is a corporation engaged in the business of compiling, analyzing,
and marketing data. To accomplish its purposes, Data Analytics obtains financing, and
hires and fires employees. Laws and government regulations affect such business
activities as
-hiring and firing decisions
-the manufacturing and marketing products
-business financing
-ALL OF THE ABOVE
Under Ohio's state constitution, the Ohio Environmental Protection Agency issues a
new rule, the Polk County Commission approves a new property tax measure, and the
professors and students at Ohio Law School publish the results of their most recent
legal research. Sources of law do not include
the results of legal scholars' research
The Tenth Amendment to the U.S. Consittution
reserves to the states all powers not granted to the federal government
Smith Saddlery is a saddle shop subject to the laws of New York, the highest-ranking
(superior) law is
a provision of the New York constitution
The Bay City Planning Department, the Coastal County Zoning Commission, the
Delaware Environmental Quality Agency, and the U.S. Bureau of Land
Management issue regulations. These rules constitute
administrative law
