Test Bank For Essentials of Business Law and the Legal Environment 12th Edition by Richard A. Mann

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Edition:  12th Edition

Format: Downloadable ZIP Fille

Resource Type: Test bank

Duration: Unlimited downloads

Delivery: Instant Download

Test Bank For Essentials of Business Law and the Legal Environment 12th Edition by Richard A. Mann

ISBN-13: 978-1305075436, ISBN-10: 1305075439
True / False

 

1. William Blackstone, an English jurist, defined law as “a rule of civil conduct prescribed by the supreme power in a state, commanding what is right, and prohibiting what is wrong.”

a. True
b. False

 

ANSWER:   True
POINTS:   1
DIFFICULTY:   Moderate
LEARNING OBJECTIVES:   EBLE.MANN.16.01.01 – 01.01
NATIONAL STANDARDS:   United States – BUSPROG: Analytic
STATE STANDARDS:   United States – OH – AICPA: BB-Legal
TOPICS:   A-Head: Nature of Law
KEYWORDS:   Bloom’s: Comprehension

 

2. The common law system is used in most of Europe, Scotland, and Latin America.

a. True
b. False

 

ANSWER:   False
POINTS:   1
DIFFICULTY:   Easy
LEARNING OBJECTIVES:   EBLE.MANN.16.01.04 – 01.04
NATIONAL STANDARDS:   United States – BUSPROG: Analytic
STATE STANDARDS:   United States – OH – AICPA: BB-Legal
TOPICS:   A-Head: Sources of Law
KEYWORDS:   Bloom’s: Knowledge

 

3. The primary function of the law is to maintain stability in the social, political, and economic system while simultaneously permitting change.

a. True
b. False

 

ANSWER:   True
POINTS:   1
DIFFICULTY:   Easy
LEARNING OBJECTIVES:   EBLE.MANN.16.01.01 – 01.01
NATIONAL STANDARDS:   United States – BUSPROG: Analytic
STATE STANDARDS:   United States – OH – AICPA: BB-Legal
TOPICS:   A-Head: Nature of Law
KEYWORDS:   Bloom’s: Knowledge

 

4. Substantive law creates, defines, and regulates legal rights and duties.

a. True
b. False

 

ANSWER:   True
POINTS:   1
DIFFICULTY:   Easy
LEARNING OBJECTIVES:   EBLE.MANN.16.01.03 – 01.03
NATIONAL STANDARDS:   United States – BUSPROG: Analytic
STATE STANDARDS:   United States – OH – AICPA: BB-Legal
TOPICS:   A-Head: Classification of Law
KEYWORDS:   Bloom’s: Knowledge

 

5. The Constitution provides that federal statutes are paramount to state constitutions and statutes.

a. True
b. False

 

ANSWER:   True
POINTS:   1
DIFFICULTY:   Easy
LEARNING OBJECTIVES:   EBLE.MANN.16.01.04 – 01.04
NATIONAL STANDARDS:   United States – BUSPROG: Analytic
STATE STANDARDS:   United States – OH – AICPA: BB-Legal
TOPICS:   A-Head: Sources of Law
KEYWORDS:   Bloom’s: Knowledge

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