Skip to content
Exam Guides

Test Bank For The Legal Environment Of Business, 12th Edition

Test Bank For The Legal Environment Of Business, 12th Edition provides a complete breakdown of important topics, helping you study efficiently and effectively.

Preview 16 of 3462 pages

See the first 16 pages exactly as they appear in the document.

  1. Page 1
    Read page 1 as text

    Multipl e Choice 1. Whic h are a o f la w i s mos t likel y t o impac t directl y th e financ e an d accountin g department s o f a company? a . product s liability b. employmen t discrimination c . credi t regulation d. environmenta l law e . al l o f thes e ar e likel y t o impac t abou t th e same ANSWER: c POINTS : 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPROG : Communication STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Knowledge 2. Whic h o f thes e issue s ma y impac t a company' s operations? a . internationa l issues b. politica l issues c . ethica l issues d. lega l issues e . al l o f thes e issue s ca n impac t operations ANSWER: e POINTS : 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPROG : Communication STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Knowledge 3. Whic h i s generall y recognize d a s th e bes t (mos t correct ) definitio n o f law? a . a bod y o f rule s o f actio n o r conduc t prescribe d b y controllin g authority , an d havin g bindin g lega l force b. tha t whic h mus t b e obeye d an d followe d b y member s o f a societ y subjec t t o sanction s o r lega l consequences c . th e circumstance s i n whic h th e publi c forc e i s brough t t o bea r throug h th e courts d. a rul e o f conduc t tha t justifie s a predictio n tha t i t likel y wil l b e enforce d b y th e court s i f it s authorit y is challenged e . al l o f th e othe r choice s ar e correct ; ther e i s n o on e agree d upo n bes t definition ANSWER: e POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis

  2. Page 2
  3. Page 3
    Read page 3 as text

    POINTS: DIFFICULTY: NATIONAL STANDARDS: STAT E STANDARDS: TOPICS: KEYWORDS: 1 Easy Unite d State s - BUSPROG : Communication Unite d State s - Universa l - DISC : AICPA : BB - Legal A - Head : La w an d th e Ke y Function s o f th e Lega l System Bloom's : Knowledge 4. Whic h o f th e followin g i s a n accepte d definitio n o f law? a . a bod y o f rule s o f actio n o r conduc t prescribe d b y controllin g authority , an d havin g bindin g lega l force b. a bod y o f rule s o f actio n o r conduc t prescribe d b y society , bu t lackin g lega l force c . a bod y o f rule s o f actio n o r conduc t prescribe d b y court s an d sanctio n b y internationa l society d. a bod y o f rule s o f actio n o r conduc t prescribe d b y th e Suprem e Court , an d havin g bindin g lega l force e . non e o f th e othe r choices ANSWER: a POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 5. Whic h o f th e followin g i s a n accepte d definitio n o f law? a . a bod y o f rule s o f actio n o r conduc t prescribe d b y society , bu t lackin g lega l force b. tha t whic h mus t b e obeye d an d followe d b y member s o f a societ y subjec t t o sanction s o r lega l consequences c . tha t whic h mus t b e obeye d an d followe d b y th e controllin g authorit y o f a country d. a bod y o f rule s o f actio n o r conduc t prescribe d b y th e Suprem e Court , an d havin g bindin g lega l force e . non e o f th e othe r choices ANSWER: b POINTS : 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPROG : Communication STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Knowledge 6. I n a n orderl y society , la w an d th e lega l syste m hel p to: a . influenc e th e behavio r o f member s o f society b. resolv e disputes c . maintai n th e importan t value s o f society d. provid e a wa y fo r importan t socia l change s t o tak e effect e . al l o f th e answer s ar e par t o f th e rol e o f law ANSWER: e

  4. Page 4
    Read page 4 as text

    7. Enforcemen t o f la w i n a societ y i s importan t becaus e it: a . provide s som e predictabilit y an d uniformit y t o th e boundarie s o f acceptabl e conduct b. promote s socia l well - being c . lead s t o highe r literac y rates d. prevent s larg e disparitie s i n income e . non e o f th e othe r choices ANSWER: a POINTS : 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPROG : Communication STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Knowledge 8. Whic h o f th e followin g i s no t a par t o f th e rule s tha t gover n behavio r i n mos t nations: a . forma l rules b. informa l rules c . socia l customs d. ethics e . al l o f th e othe r choice s ar e par t o f th e rules ANSWER: e POINTS : 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPROG : Communication STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Knowledge 9. Bot h an d ar e par t o f th e rule s tha t gover n behavio r i n mos t nations. a . philosoph y an d sociology b. psycholog y an d ethics c . forma l rule s an d informa l rules d. al l o f th e othe r specifi c choices e . non e o f th e othe r specifi c choices ANSWER: c POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis

  5. Page 5
    Read page 5 as text

    POINTS: DIFFICULTY: NATIONAL STANDARDS: STAT E STANDARDS: TOPICS: KEYWORDS: 1 Easy Unite d State s - BUSPROG : Communication Unite d State s - Universa l - DISC : AICPA : BB - Legal A - Head : La w an d th e Ke y Function s o f th e Lega l System Bloom's : Knowledge 10 . Bot h an d ar e par t o f th e rule s tha t gover n behavio r i n mos t nations. a . philosoph y an d sociology b. custom s an d ethics c . forma l rule s an d psychology d. al l o f th e othe r specifi c choices e . non e o f th e othe r specifi c choices ANSWER: b POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 11 . Bot h an d ar e par t o f th e rule s tha t gover n behavio r i n mos t nations. a . custom s an d informa l rules b. forma l rule s an d ethics c . forma l rule s an d informa l rules d. al l o f th e othe r specifi c choices e . non e o f th e othe r specifi c choices ANSWER: d POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 12 . Whic h o f th e followin g i s a par t o f th e rule s tha t gover n behavio r i n mos t nations: a . th e Ol d Testament b. the New Testament c . socia l customs d. th e Torah e . al l o f th e othe r choice s ar e part s o f th e rules ANSWER: c

  6. Page 6
    Read page 6 as text

    POINTS: DIFFICULTY: NATIONAL STANDARDS: STAT E STANDARDS: TOPICS: KEYWORDS: 1 Easy Unite d State s - BUSPROG : Communication Unite d State s - Universa l - DISC : AICPA : BB - Legal A - Head : La w an d th e Ke y Function s o f th e Lega l System Bloom's : Knowledge 13 . Whic h o f th e followin g i s a par t o f th e rule s tha t gover n behavio r i n mos t nations: a . ethics b. statutor y law c . socia l customs d. al l o f th e choice s ar e part s o f th e rules e . non e o f th e othe r choice s ar e correct ANSWER: d POINTS : 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPROG : Communication STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Knowledge 14 . Whic h o f th e followin g i s NO T a par t o f th e rule s tha t gover n behavio r i n mos t nations: a . ethics b. forma l rules c . socia l customs d. administrativ e rules e . al l o f th e othe r choice s ar e part s o f th e rules ANSWER: e POINTS : 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPROG : Communication STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Knowledge 15 . Whic h o f th e followin g i s NO T generall y considere d t o b e a par t o f th e rule s tha t gover n behavio r i n mos t nations: a . ethics b. psychology c . socia l customs d. administrativ e rules e . al l o f th e othe r choice s ar e NO T part s o f th e rules ANSWER: b

  7. Page 7
    Read page 7 as text

    POINTS: DIFFICULTY: NATIONAL STANDARDS: STAT E STANDARDS: TOPICS: KEYWORDS: 1 Moderate Unite d State s - BUSPROG : Analytic Unite d State s - Universa l - DISC : AICPA : BB - Legal A - Head : La w an d th e Ke y Function s o f th e Lega l System Bloom's : Analysis 16 . B y th e us e o f law s an d th e lega l system , th e governmen t can: a . chang e acceptabl e behavior b. instruc t peopl e o n wha t i s allowe d i n certai n circumstances c . encourag e certai n type s o f busines s activity d. impos e sanction s t o tr y t o eliminat e certai n busines s activities e . al l o f th e othe r choice s ar e included ANSWER: e POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 17 . Whic h o f th e followin g statement s i s true? a . la w impose s structur e o n societ y b y limitin g activitie s tha t hur t th e "publi c interest" b. th e sal e o f marijuan a i s illega l worldwide c . th e sal e o f alcoholi c bever age s i s lega l worldwide d. law s d o no t appl y t o individuals ; onl y t o societ y a s a whole e . al l o f th e othe r choice s ar e correct ANSWER: a POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 18 . Whic h o f th e followin g statement s abou t la w i s true? a . la w mus t b e approve d b y th e "wil l o f th e people" b. th e sal e o f marijuan a i s illega l worldwide c . h e sal e o f alcoholi c beverage s i s lega l worldwide d. forma l la w i s respecte d i n al l nations e . non e o f th e othe r choice s ar e necessaril y correct ANSWER: e

  8. Page 8
    Read page 8 as text

    POINTS: DIFFICULTY: NATIONAL STANDARDS: STAT E STANDARDS: TOPICS: KEYWORDS: 1 Moderate Unite d State s - BUSPROG : Analytic Unite d State s - Universa l - DISC : AICPA : BB - Legal A - Head : La w an d th e Ke y Function s o f th e Lega l System Bloom's : Analysis 19 . Whic h o f th e followin g statement s i s true? a . forma l la w i s respecte d i n al l nations b. th e sal e o f marijuan a i s illega l worldwide c . th e sal e o f alcoholi c beverage s i s lega l worldwide d. la w impose s structur e o n societ y b y limitin g activitie s tha t hur t th e "publi c interest" e . al l o f th e othe r choice s ar e correct ANSWER: d POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 20 . Whic h o f th e followin g statement s i s true? a . la w applie s t o individual s only ; no t t o group s o r societ y a s a whole b. th e sal e o f marijuan a i s illega l worldwide c . th e sal e o f alcoholi c beverage s i s lega l worldwide d. forma l la w i s respecte d b y al l nations e . non e o f th e othe r choice s ar e true ANSWER: e POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 21 . Makin g marijuan a illega l i n th e Unite d State s an d alcoho l illega l i n Saud i Arabi a ar e bot h example s of: a . ho w la w applie s t o individual s an d no t t o group s o r societ y a s a whole b. ho w government s ca n us e la w t o enforc e differen t socia l norms c . ho w forma l la w i s respecte d i n al l nations d. ho w la w applie s t o bot h individual s an d t o group s equally e . non e o f th e othe r choices ANSWER: b

  9. Page 9
    Read page 9 as text

    POINTS: DIFFICULTY: NATIONAL STANDARDS: STAT E STANDARDS: TOPICS: KEYWORDS: 1 Easy Unite d State s - BUSPROG : Communication Unite d State s - Universa l - DISC : AICPA : BB - Legal A - Head : La w an d th e Ke y Function s o f th e Lega l System Bloom's : Knowledge 22 . Makin g marijuan a illega l i n th e Unite d State s an d alcoho l illega l i n Saud i Arabi a ar e bot h example s of: a . ho w la w applie s t o individual s an d no t t o group s o r societ y a s a whole b. ho w la w applie s t o bot h individual s an d t o group s equally c . ho w forma l la w i s respecte d b y al l nations d. al l o f th e othe r specifi c choices e . non e o f th e othe r specifi c choices ANSWER: e POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 23 . Law s ar e importan t i n societie s mad e u p o f peopl e wit h differin g desir e an d value s because: a . disagreement s ar e inevitabl e an d law s i s a n attemp t t o settl e dispute s i n a peacefu l manner b. disagreement s ar e inevitabl e an d la w i s a forc e tha t constrain s peopl e withi n a society c . disagreement s ar e inevitabl e an d la w provide s socia l rule s t o gover n behavior d. al l o f th e othe r specifi c choices e . non e o f th e othe r specifi c choices ANSWER: d POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 24 . Law(s) is (are): a . a n attemp t t o settl e dispute s i n a peacefu l manner b. force s tha t constrain s peopl e withi n a society c . socia l rule s tha t gover n ou r behavior d. writte n statute s passe d b y legislatures e . al l o f th e othe r choice s ar e correct ANSWER: e

  10. Page 10
    Read page 10 as text

    POINTS: DIFFICULTY: NATIONAL STANDARDS: STAT E STANDARDS: TOPICS: KEYWORDS: 1 Moderate Unite d State s - BUSPROG : Analytic Unite d State s - Universa l - DISC : AICPA : BB - Legal A - Head : La w an d th e Ke y Function s o f th e Lega l System Bloom's : Analysis 25 . Th e reasonabl e "doin g o f somethin g abou t disputes " refer s to: a . th e busines s o f law b. th e busines s o f legality c . th e busines s o f management d. th e busines s o f courts e . al l o f th e othe r choice s ar e correct ANSWER: a POINTS : 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPROG : Communication STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Knowledge 26 . Th e reasonabl e "doin g o f somethin g abou t disputes " refer s to: a . th e busines s o f th e privat e sector b. th e nee d fo r regulations c . th e leadershi p o f management d. th e structur e o f courts e . non e o f th e othe r choices ANSWER: e POINTS : 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPROG : Communication STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Knowledge 27 . Whic h o f th e followin g ar e reflecte d i n som e aspec t o f law: a . honest y an d integrit y ar e reflecte d b y th e enforceabilit y o f contracts b. respec t fo r othe r peopl e an d thei r propert y i s reflecte d i n tor t an d propert y law c . som e measure s o f acceptabl e behavio r ar e reflecte d i n crimina l laws d. al l o f th e othe r specifi c choices e . non e o f th e othe r specifi c choices ANSWER: d

  11. Page 11
    Read page 11 as text

    e . non e o f th e othe r choices ANSWER: POINTS: DIFFICULTY: NATIONAL STANDARDS: STAT E STANDARDS: TOPICS: KEYWORDS: a 1 Moderate Unite d State s - BUSPROG : Analytic Unite d State s - Universa l - DISC : AICPA : BB - Legal A - Head : La w an d th e Ke y Function s o f th e Lega l System Bloom's : Analysis 28 . Whic h o f th e followin g ar e reflecte d i n som e aspec t o f law: a . honest y an d integrit y ar e reflecte d b y th e enforceabilit y o f contracts b. respec t fo r othe r peopl e an d thei r propert y i s reflecte d i n agenc y law c . som e measure s o f acceptabl e behavio r ar e reflecte d i n tor t an d propert y law d. al l o f th e othe r specifi c choices e . non e o f th e othe r specifi c choices ANSWER: a POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 29 . Whic h o f th e followin g ar e reflecte d i n som e aspec t o f law: a . honest y an d integrit y ar e reflecte d b y famil y law b. respec t fo r othe r peopl e an d thei r propert y i s reflecte d i n agenc y law c . som e measure s o f acceptabl e behavio r ar e reflecte d i n tor t an d propert y law d. al l o f th e othe r specifi c choices e . non e o f th e othe r specifi c choices ANSWER: e POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 30 . Th e shif t fro m law s o f th e pas t tha t require d discriminatio n base d o n rac e t o law s o f toda y tha t prohibit discriminatio n base d o n rac e sho w how: a . th e lega l syste m ca n brin g abou t change s i n "acceptable " behavior b. th e lega l syste m doe s no t chang e wit h time c . th e lega l syste m i s subjec t t o th e whim s o f Suprem e Cour t Judges d. th e lega l syste m i s subjec t t o th e wil l o f th e genera l public

  12. Page 12
    Read page 12 as text

    e . non e o f th e othe r choices ANSWER: POINTS: DIFFICULTY: NATIONAL STANDARDS: STAT E STANDARDS: TOPICS: KEYWORDS: c 1 Moderate Unite d State s - BUSPROG : Analytic Unite d State s - Universa l - DISC : AICPA : BB - Legal A - Head : La w an d th e Ke y Function s o f th e Lega l System Bloom's : Analysis 31 . Th e shif t fro m law s o f th e pas t tha t enforce d discriminatio n base d o n rac e t o law s o f toda y tha t prohibit discriminatio n base d o n rac e sho w how: a . th e lega l syste m ca n onl y chang e whe n th e majorit y o f th e countr y want s i t t o change b. th e lega l syste m doe s no t chang e wit h time c . th e lega l syste m i s subjec t t o th e whim s o f Suprem e Cour t Justices d. th e lega l syste m i s subjec t t o th e wil l o f th e genera l public e . non e o f th e othe r choices ANSWER: e POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 32 . On e o f th e majo r challenge s tha t th e extremel y poo r natio n o f Hait i face s is: a . Hait i suffer s unde r a corrup t governmen t an d a lega l syste m tha t doe s no t protec t people' s live s an d property b. Hait i ha s to o man y legislativ e official s wh o hav e no t studie d constitutiona l la w prio r t o enterin g th e legislature c . Hait i doe s no t hav e an y lega l system d. Hait i lack s a middl e clas s tha t i s capabl e o f operatin g a successfu l busines s sector e . non e o f th e othe r choices ANSWER: a POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 33 . I n th e extremel y poo r natio n o f Haiti , doin g busines s i s almos t impossibl e because: a . ther e ar e to o man y natura l disaster s i n Haiti b. ther e ar e n o businessme n i n Haiti c . th e demand s fo r bribe s ar e endless d. th e leader s o f th e countr y d o no t lik e business

  13. Page 13
    Read page 13 as text

    34 . On e o f th e majo r difference s betwee n hig h incom e countrie s lik e Ne w Zealan d an d extremel y lo w income countrie s lik e Hait i is: a . Ne w Zealan d ha s a well - functionin g lega l syste m an d lac k o f corruptio n whil e Hait i ha s n o meaningfu l la w to protec t lif e an d propert y an d hig h corruption b. Hait i ha s a well - functionin g lega l syste m an d lac k o f corruptio n whil e Ne w Zealan d ha s n o meaningfu l la w to protec t lif e an d propert y an d hig h corruption c . Ne w Zealan d ha s a n electe d parliamen t an d Hait i doe s not d. Hait i ha s a growin g populatio n an d Ne w Zealan d ha s a declinin g population e . non e o f th e othe r choices ANSWER: a POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 35 . Man y studie s fin d tha t ther e i s a stron g relationshi p between: a . a well - functionin g lega l syste m an d th e numbe r o f prisons b. a well - functionin g lega l syste m an d th e leve l o f economi c development c . a well - functionin g lega l syste m an d th e birt h rate d. th e leve l o f corruptio n an d lif e expectancy e . non e o f th e othe r choices ANSWER: b POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 36 . Man y studie s fin d tha t ther e i s a stron g relationshi p between: a . a well - functionin g lega l syste m an d th e numbe r o f prisons b. a well - functionin g lega l syste m an d incidenc e o f disease c . a well - functionin g lega l syste m an d th e birt h rate d. th e leve l o f corruptio n an d lif e expectancy e . non e o f th e othe r choices ANSWER: e POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis

  14. Page 14
    Read page 14 as text

    37 . T o resolv e dispute s betwee n citizen s o r betwee n citizen s an d government , whic h i s th e mos t importan t institution tha t ha s evolved? a . th e penitentiar y system b. th e diplomati c corps c . th e cour t system d. th e military e . al l o f th e othe r choices ANSWER: c POINTS : 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPROG : Communication STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Knowledge 38 . On e exampl e o f th e la w workin g t o effec t socia l chang e i n th e U.S . i s i n th e are a of: a . commercia l paper b. negotiabl e instruments c . easements d. racia l discrimination e . covenants ANSWER: d POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis 39 . On e exampl e o f th e la w workin g t o effec t socia l chang e i n th e U.S . tha t i s discusse d i n th e tex t i s i n th e are a of: a . commercia l paper b. negotiabl e instruments c . easements d. lan d titles e . non e o f th e othe r choices ANSWER: e POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : La w an d th e Ke y Function s o f th e Lega l System KEYWORDS: Bloom's : Analysis

  15. Page 15
    Read page 15 as text

    ANSWER: POINTS: DIFFICULTY: NATIONAL STANDARDS: STAT E STANDARDS: TOPICS: KEYWORDS: e 1 Easy Unite d State s - BUSPROG : Communication Unite d State s - Universa l - DISC : AICPA : BB - Legal A - Head : Source s o f La w i n th e Unite d States Bloom's : Knowledge 40 . Th e Unite d State s Constitution: a . i s th e oldes t writte n constitutio n excep t fo r thos e i n Englan d (U.K. ) an d Spain b. create d th e thre e branche s o f government c . establishe d th e commo n law d. created the cabinet officers (Secretary of State, Secretary of Defense, etc.) e . al l o f th e othe r choice s ar e correct ANSWER: b POINTS : 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPROG : Communication STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : Source s o f La w i n th e Unite d States KEYWORDS: Bloom's : Knowledge 41 . Th e Unite d State s Constitution: a . i s th e oldes t writte n constitutio n i n forc e i n a majo r nation b. create d th e fou r branche s o f government c . establishe d th e commo n law d. create d th e 5 0 states e . al l o f th e othe r choice s ar e correct ANSWER: a POINTS : 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPROG : Communication STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : Source s o f La w i n th e Unite d States KEYWORDS: Bloom's : Knowledge 42 . Th e Unite d State s Constitution: a . i s th e oldes t writte n constitutio n i n forc e i n a majo r nation b. provide s fo r th e genera l power s an d limit s o f th e federa l government c . establishe s a divisio n i n governmenta l power s calle d th e separatio n o f powers d. establishe s itsel f a s suprem e ove r stat e law e . al l o f th e othe r choice s ar e correct

  16. Page 16
    Read page 16 as text

    ANSWER: POINTS: DIFFICULTY: NATIONAL STANDARDS: STAT E STANDARDS: TOPICS: KEYWORDS: e 1 Easy Unite d State s - BUSPROG : Communication Unite d State s - Universa l - DISC : AICPA : BB - Legal A - Head : Source s o f La w i n th e Unite d States Bloom's : Knowledge 43 . Th e Unite d State s Constitution: a . ha s bot h clea r rule s an d genera l principles b. ha s onl y clea r rules c . ha s onl y genera l principles d. ha s on e fundamenta l goal e . non e o f th e othe r choices ANSWER: a POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : Source s o f La w i n th e Unite d States KEYWORDS: Bloom's : Analysis 44 . Th e Unite d State s Constitution: a . lack s bot h clea r rule s an d genera l principles b. ha s onl y specifi c rules c . ha s onl y "theoretical " principles d. ha s on e fundamenta l goal e . non e o f th e othe r choices ANSWER: e POINTS : 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPROG : Analytic STAT E STANDARDS : Unite d State s - Universa l - DISC : AICPA : BB - Legal TOPICS : A - Head : Source s o f La w i n th e Unite d States KEYWORDS: Bloom's : Analysis 45 . A constitutio n mus t be: a . a writte n document b. applicabl e t o al l situations c . accepte d b y a t leas t two - third s o f th e citizen s o f a country d. acknowledge d b y th e internationa l community e . non e o f th e othe r choices

3446 more pages in the full document

Unlock it once and it stays in your library, ready to chat with or turn into flashcards.

Unlock the full document

More Business Law study materials

See all

Study this document with CramX

Once it is in your library, every tool can work from it.