Final Exam Study Guide

Topics: Contract, Law, Common law Pages: 9 (2914 words) Published: May 4, 2013
BUS 415 Final Exam # 1 – 40 Questions

1) When statutes are passed only after considerable study, debate and public input, this is an example of which function of the law? A. Keeping the peace.
B. Shaping moral standards.
C. Maintaining the status quo.
D. Facilitating orderly change.

2) What was the U.S. Supreme Court’s reaction to a case where a business executive was found guilty of aiding and abetting in the bribery of an Internal Revenue Service Agent even though the Internal Revenue Service agent had been found not guilty of the bribery in a separate trial? A. Because of the inconsistent outcomes, a third combined trial was ordered to reconcile the different outcomes. B. This simply underscores the fact that there is always the possibility that different juries might reach different results in a given situation. C. Because one of the defendants had been found guilty, then both should have been found guilty. D. Because one of the defendants had been found not guilty, they both should have been found not guilty.

3) Which of the following is most consistent with the Natural Law School of jurisprudence? A. The laws of man are secondary to the laws of nature, and thus the laws of nature take precedence whenever the laws of man are in conflict with the laws of nature. B. By applying the rules of logic to specific cases, the logical, or natural, result will be obtained. C. Law is based on moral and ethical principles of what is right, and it is the job of men and women, through study, to discover what these principles are. D. The law is a reflection of society, thus the law must change naturally as society changes over time.

4) Which of the following statements is true regarding the relationship of law and ethics? A. In some cases the law will require a higher standard of conduct than ethics, but never vice versa. B. Depending on the circumstances, the law can require a higher, lower, or the same standard of conduct as ethics demands. C. The legal requirements will almost always be the same as the ethical requirement because the law is based on the ethical standards. D. In some cases ethics will require a higher standard of conduct than the law, but never vice versa.

5) Which of the following is correct with regard to the relationship between law and ethics? A. Lawful conduct is always ethical conduct.
B. Although much of law is based on ethical standards, not all ethical standards have been enacted as law. C. The rule of law and the golden rule of ethics demand the same response. D. The law may not .permit something that would be ethically wrong.

6) Which of the following is not one of the Caux Round Table Principles for International Business? A. Promotion of Multiculturalism.
B. Respect for the Environment.
C. Avoidance of Illicit Operations.
D. Support for Multilateral Trade.

7) In a civil case, which of the following is true about the order of the presentation of the case? A. The judge decides who goes first, which depends on the circumstances of the case. B. The order of presentation is determined by the flip of a coin or other random selection method.[Answer Text] C. The plaintiff is first to present, followed by the defendant. D. The defendant is first to present, followed by the plaintiff.

8) The U.S. claims court hears what kind of cases?
A. Cases against the United States.
B. Cases involving disputes in the way an earlier case was decided. C. Any case with claims involving more than one state.
D. Civil cases where at least $75,000 is in dispute.

9) In general, the courts in a civil law system play a much larger role in making law than in a common law system. A. True
B. False

10) To be successful in a negligence cause of action, the plaintiff must prove that the defendant breached a duty of care that caused the plaintiff's injuries. A. True
B. False

11) Which of the following could not give rise to a strict liability in tort action for products liability? A. Buying legal...
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