BUS 19 Week 2 Quiz 1

BUS 19 Week 2 Quiz 1 | Assignment Help | Delta College 

Question 1

Legally enforceable agreements, called contracts, are vitally important to a business because they allow buyers and sellers to exchange resources and shape their agreements. 

  

True 

False 

Question 2

_____ law covers the legal principles that apply to government agencies, bureaus, boards, or commissions.

  

Administrative  

Criminal 

Contract 

Tort 

Constitutional

 

Question 3

 This question has been regraded.

The source of law which ranks the lowest among all the others is a _____.

  

local ordinance

statute 

case law 

state administrative regulation 

federal administration regulation

 

 

Question 4

Conflicting precedents when applying the principle of stare decisis do not create confidence in the certainty of law.

  

True 

False

 

Question 5

When one party to a contract fails to do what he or she agreed to do, a breach of contract occurs.  

True

False

 

Question 6

Which of the following statements about substantive law is true?  

The time allowed for one party to sue another is an example of substantive law.  

It provides the machinery for rights and duties. 

It covers the rules of how owners transfer resources by exchanging them.  

Enforcement of a contractual promise is substantive in nature. 

It is regulation and made by agencies of the federal government.

 

 

Question 7

Burberry is a luxury brand that has its own distinctive trademark pattern. The company recently learned that another retailer has been selling fake Burberry bags. The legal dispute that will arise here is governed by _____ law.

  

constitutional 

property 

social 

criminal 

administrative 

Question 8

In most criminal cases, an arrest can be made only based on probable cause and requires the officer to read out the Miranda rights to the criminal suspect before the arrest is made. This is an example of:

  

rule of law.  

tort law. 

sociological jurisprudence. 

substantive law. 

procedural law.

 

 

Question 9

The Protestant ethic proved to be a great influence on modern capitalism, but its focus on absolute moral values was replaced by a focus on wealth and mass consumption.

Hint:  Found in Chapter 2, in the 18th edition of your textbook.

  

True

False

 

IncorrectQuestion 10

Profits and business ethics are not contradictory.

  

False 

True 

Question 11

The dominant form of consequentialism is:  

Marxism.

the categorical imperative. 

utilitarianism.

social contract theory. 

the Protestant ethic.

 

 

Question 12

Looking into the initial intentions of parties to a business contract evidences consequentialism.

  

True 

False 

Question 13

It is unlikely that a business or professional organization would look to law or legislation when drawing up an internal code of ethical conduct.  

True 

False

Question 14

The foundation of John Rawls's social contract theory is a firm belief that self-knowledge and self-promotion will create the most just society.  

False 

True 

Question 15

Modern business ethics reflects elements of both formalism and consequentialism, but tends to focus more heavily on consequentialism.  

False 

True