Cengage Advantage Books Business Law Principles and Practices 9th Edition by Arnold J. Goldman – Test Bank
Chapter 1—Foundations of Law and the Role of Ethics in Business
TRUE/FALSE
- Law actually refers to the duties imposed upon people requiring them to act in a certain manner.
ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 6 OBJ: LO: 1-2 NAT: BUSPROG: Reflective Thinking
STA: AICPA: BB-Legal KEY: Bloom’s: Knowledge
- Business Ethics is the inquiry into the moral judgment people make in deciding what is right or good in their daily lives.
ANS: F PTS: 1 DIF: Difficulty: Easy
REF: p. 16 OBJ: LO: 1-8 NAT: BUSPROG: Reflective Thinking
STA: AICPA: BB-Legal KEY: Bloom’s: Knowledge
- The constitution of a state is the primary legal authority for that state.
ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 9 OBJ: LO: 1-5 NAT: BUSPROG: Reflective Thinking
STA: AICPA: BB-Legal KEY: Bloom’s: Knowledge
- A government may take private property without compensation if it is needed for public use.
ANS: F PTS: 1 DIF: Difficulty: Easy
REF: p. 8 OBJ: LO: 1-3 NAT: BUSPROG: Reflective Thinking
STA: AICPA: BB-Legal KEY: Bloom’s: Knowledge
- The most important influences on the development of law today are criminal law and civil law.
ANS: F PTS: 1 DIF: Difficulty: Easy
REF: p. 8 OBJ: LO: 1-4 NAT: BUSPROG: Reflective Thinking
STA: AICPA: BB-Legal KEY: Bloom’s: Knowledge
- The Romans developed the concept of a written code, which became known as the Justinian Code.
ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 8 OBJ: LO: 1-4 NAT: BUSPROG: Reflective Thinking
STA: AICPA: BB-Legal KEY: Bloom’s: Knowledge
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