Questions and Answers of Essentials Business Law

Study each of the following case. Answer the questions that follow with Yes or No.For three years, Patterson operated a small restaurant and enjoyed a growing business. His customers were pleased
Individuals as well as businesses are affected by actions of administrative agencies in different ways. Select a particular agency and discuss how the agency affects individuals and businesses.
Explain why legislatures establish regulatory agencies.
Discuss criticism of administrative agencies.
Using examples, describe the operation of a typical administrative agency.
Indicate whether each of the following statements is true or Indicate whether each of the following statements is true or false.The federal Constitution has been amended more than 100 times.
Study each of the following case carefully. Briefly state the principle of law and your decision.The IRS filed a lawsuit against Stern to collect unpaid income taxes, penalties, and interest that had
Study each of the following case carefully. Briefly state the principle of law and your decision.While in the custody of the New Castle Youth Development Center (YDC), 17-year-old Betts suffered a
Study each of the following case. Answer the questions that follow with Yes or No.In an effort to stem the rising usage of illegal drugs, the town of Zhemville passes an ordinance that mandates that
Study each of the following case. Answer the questions that follow with Yes or No.The town of Ericton is considering passing an ordinance that would severely restrict the possession and carrying of
Study each of the following case. Answer the questions that follow with Yes or No.The town of Homesdale passes an ordinance that requires all retail establishments to remain closed on Christmas Day.
Is it ethical for a state legislature to pass a law for the sole purpose of testing its constitutionality?
Should the death penalty be considered cruel and unusual punishment, thus violating the Eighth Amendment?
Should speech that is sexist, racist, ageist, or otherwise offensive be protected under the First Amendment?
Provide some examples of unreasonable searches and seizures.
Describe the process used to amend the Constitution.
Study each of the following case. Answer the questions that follow with Yes or No.Pratt, a stock-car racing driver, had entered a race to be held several months later. Two days before the race, he
Study each of the following case. Answer the questions that follow with Yes or No.Leffingwell engaged the Bartwell Tree Removal Service to cut down and remove a diseased tree from her property. When
Study each of the following case. Answer the questions that follow with Yes or No.The Sock ‘n’ Rock Music Store was located in a small shopping mall.In an effort to attract additional customers,
Study each of the following case. Answer the questions that follow with Yes or No.Goldman, an ex-convict, was employed in the accounting department of Rogers Products Incorporated. None of his
Do you believe it is unethical to exaggerate the extent of injuries suffered in an automobile accident resulting from another driver’s negligent driving in an effort to increase the amount of a
If a person suffers a loss of his or her property as a result of the criminal wrongdoing of another, would it matter whether the thief (wrongdoer) is charged by the victim with the crime of larceny
Explain strict liability and provide an example.
Explain vicarious liability and provide an example.
Explain the legal concept of liability and provide examples.
Indicate whether each of the following statements is true or false.Liability is the state of being responsible for a wrong or injury.
Indicate whether each of the following statements is true or false.A tort is a violation of the rights of a particular person.
Study each of the following case carefully. Briefly state the principle of law and your decision.Searle, office manager of Entro Products, had access to the firm’s checks to be used in paying for
Study each of the following case carefully. Briefly state the principle of law and your decision.DeCoster and his son, owners of a large egg production company, negligently sold eggs contaminated by
Study each of the case below. Answer the questions that follow with Yes or No.Gelfis owned and operated Welltech, a janitorial service company that provided services to a number of city and state
Study each of the case below. Answer the questions that follow with Yes or No.Zaks, the owner of a hairstyling salon, Locks Unlimited, applied for a bank loan to buy new hairdryers and other
Study each of the case below. Answer the questions that follow with Yes or No.Williamson owned and operated a restaurant named Plum Pudding. His restaurant had a difficult time competing with Green
What is the intent of someone who is said to engage in activities called “false pretenses”?
What is the difference between extortion and bribery?
Has the use of computers in business increased or reduced the incidence of embezzlement?
What are some common examples of white-collar crime?
What are some typical misdemeanors common to most jurisdictions?
What are some acts that were previously considered crimes but are no longer viewed as violations of the law?
What are some crimes that are particularly applicable to business?
What are the three major classifications of crimes?
What is the difference between a tort and a crime?
Indicate whether each of the following statements is true or false.The difference between extortion and bribery is that, in extortion, both parties are willing participants in the crime.
Indicate whether each of the following statements is true or false.A person who profits from the sale of stock as a result of using nonpublic information can be charged with violations of federal law.
Indicate whether each of the following statements is true or false.It is always illegal for an executive of a firm to buy or sell the stock of the firm.
Indicate whether each of the following statements is true or false.When employees with access to a firm’s money, such as accountants, cashiers, and bank tellers, wrongfully divert funds to
Indicate whether each of the following statements is true or false.The crime of perjury is limited to the false swearing under oath before a judge in a federal court.
Indicate whether each of the following statements is true or false.The legal term that covers such activities as obtaining goods and other benefits by the use of misleading statements and deception
Indicate whether each of the following statements is true or false.In all states, the crime of bribery is limited to giving or taking money or property to influence a public official.
Indicate whether each of the following statements is true or false.The theft of goods from a vehicle in transit is known as hijacking.
Indicate whether each of the following statements is true or false.Shoplifting is the term that describes the theft of money by employees, such as accountants or cashiers, who steal money from retail
Indicate whether each of the following statements is true or false.Larceny is a broad term that includes most forms of theft.
Indicate whether each of the following statements is true or false.Burning to defraud is a special category of crime committed by persons who burn their own property with the intention of collecting
Indicate whether each of the following statements is true or false.White-collar crime, as distinguished from other types of crime, generally does not involve force or violence.
Indicate whether each of the following statements is true or false.Treason is a major crime against the federal government consisting of levying war or giving aid and comfort to an enemy.
Indicate whether each of the following statements is true or false.If a person’s reckless driving results in an automobile accident, he or she can be charged with both a tort and a crime.
Indicate whether each of the following statements is true or false.The purpose of criminal law is to compensate injured parties for their losses.
Study each of the following cases. Answer the questions that follow with Yes or No.Lackowitz, a college student, was concerned about a final examination. During previous examinations in the same
Study each of the following case. Answer the questions that follow with Yes or No.Maas owns a company that manufactures children’s toys.The Consumer Product Safety Commission develops a regulation
Study each of the following case. Answer the questions that follow with Yes or No.Ayer, an engineer with product development responsibilities, was confronted with an ethical dilemma. He knew that a
The corporate culture exerts a major influence on the ethical behavior of every employee and executive in the firm. Since it is recognized that management largely determines the corporate culture,
Critics of corporate social action question whether it is appropriate to commit corporate resources to socially desirable goals. It might be better, they suggest, to maximize earnings for
A number of firms accused of unethical behavior had established codes of ethics, or credos, and formal employee orientation programs. It might seem that these efforts had little influence on the
A person who blows the whistle on some unethical practice in a firm is often treated as an outcast by his or her coworkers. Why does this occur? Does this mean that the coworkers are less ethical?
Discuss several responses by businesses to ethical issues.
Suggest several unfavorable consequences facing a business firm that consistently engages in unethical practices.
Discuss and provide examples of values that are highly regarded in our society.
Identify some typical issues for people who are ethically concerned with the environment.
Indicate whether each of the following statements is true or false.Professional and trade associations concern themselves and their members with guidelines for ethical business practices.
Indicate whether each of the following statements is true or false.“Corporate Responsibility” consist of actions that a business takes to demonstrate responsible behavior to society.
Indicate whether each of the following statements is true or false.A corporate code of ethics might be called a set of guidelines for the ethical behavior expected of employees.
Indicate whether each of the following statements is true or false.A whistleblower is a person who calls attention to illegal or unethical behavior.
Indicate whether each of the following statements is true or false.Public disclosure of a firm’s unethical practices can affect other companies as well.
Indicate whether each of the following statements is true or false.People tend to behave in accordance with accepted principles of what is right and wrong that govern the conduct of their group and
Indicate whether each of the following statements is true or false.Although ethical principles have influenced many laws, the laws themselves are usually more precise.
Indicate whether each of the following statements is true or false.The term values relates to the price of merchandise on sale.
Indicate whether each of the following statements is true or false.Generally, what is unethical is also illegal.
Indicate whether each of the following statements is true or false.Unethical behavior has not been a problem in society until recent times.
Match each of the numbered definitions with the correct term in the following list.1. An individual person’s beliefs as to what is right and wrong.2. The standards and principles society has
Complete the following activities. Share your findings with the class.In teams of three or four, interview the owners or managers of small businesses to determine the levels of laws—federal, state,
Study each of the following case carefully. Briefly state the principle of law and your decision.Without first obtaining the required marriage license, Evelyn and Joseph Carabetta were married in a
Study each of the following case. Answer the questions that follow with Yes or No.Phipps became involved in a case of mistaken identity. A local merchant falsely accused him, in front of people who
Study each of the following cases. Answer the questions that follow with Yes or No.A television station aired a broadcast containing insulting remarks about a local official. The official had the
Match each of the numbered definitions with the correct term in the following list.1. A legally binding directive issued by the president.2. The portion of the law based on the decisions of the old
Study each of the following cases. Answer the questions that follow with Yes or No.Ferguson was arrested for possession of marijuana in a state where it was illegal. He argued at his trial that the
Normally there are no prosecutions for “padding” an expense account, yet it is considered unethical. Should such activity be prosecuted more forcefully?
Distinguish moral law from legal obligations.
Cite and describe the major classifications of law.
Identify the principal origins of law in the United States.
Explain how law affects (a) your personal or social life and (b) business or business operations.
Indicate whether the following statement is true or false.Juvenile courts, the U.S. Tax Court, and domestic relations courts are known as courts of original jurisdiction.
Indicate whether the following statement is true or false.State courts that have original jurisdiction for cases not otherwise directed to a specialized court are trial courts.
Indicate whether the following statement is true or false.Special courts set up to handle small or minor cases, often with a limit on the amount of the claim, are known as circuit courts.
Indicate whether the following statement is true or false.Normally appeals from federal district courts are initially heard by state supreme courts.
Indicate whether the following statement is true or false.A court that has original jurisdiction in cases involving federal statutes, and in cases when the parties are citizens of different states,
Indicate whether the following statement is true or false.If a court has the power to review the decisions of another court, it has original jurisdiction.
Indicate whether the following statement is true or false.Unenforceable obligations that people have to one another are considered to be an aspect of moral law.
Indicate whether the following statement is true or false.The authority of a court, as granted by a constitution or legislative act, is known as the court’s jurisdiction.
Indicate whether the following statement is true or false.The purpose of the Uniform Commercial Code is to provide uniform laws for all states to regulate business transactions in the states.
Indicate whether the following statement is true or false.The kind of law that results when a court disregards an existing statute, an accepted precedent, or a principle of common law, or interprets
Indicate whether the following statement is true or false.Laws enacted by local governments such as a city council are often called ordinances.

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