Basic Business Law MCQ
1. _________________ elections tend to have the lowest voter turnout.
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2. The arbitrator typically provides a decision within ____ days of an arbitration hearing.
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3. The appealing party in an appeal is called a(n) ________.
Answer
Correct Answer:
Appellant (petitioner)
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4. The american recovery and reinvestment act of 2009 is a good example of ________ principles.
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5. _______ must be included in an affidavit to support an allegation in order to justify a warrant.
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6. A promise to do something that you are already obligated to do is ____.
Answer
Correct Answer:
Not Valid Consideration
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7. All states except _____ have adopted some version of article 2 (sales) of the ucc.
Answer
Correct Answer:
Louisiana
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8. A moving average model works best when _____ in the time series.
Answer
Correct Answer:
There is no trend, seasonal, or cyclical pattern
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9. One of the tests that an invention must pass to be eligible for a patent is that it must _____.
Answer
Correct Answer:
It must be obvious to a person having ordinary skill in the same field
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10. The ________ bears the risk of loss during transportation in a destination contract.
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11. It is not uncommon for an executive agreement to be made _____.
Answer
Correct Answer:
After a President is elected
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12. The _____ limitation accords power to congress to override the proposed agency rules.
Answer
Correct Answer:
Statutory
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13. Under __________, jobs in the federal bureaucracy are awarded on the basis of skills and expertise.
Answer
Correct Answer:
Civil Service System
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14. The ____ is a legal document that lists and explains the terms of the partnership.
Answer
Correct Answer:
Articles of partnership
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15. Some contracts specify that conflicts may be settled through ________ instead of court.
Answer
Correct Answer:
Arbitration
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16. Section _____ of the uniform commercial code is the basic _____ provision for sales contracts.
Answer
Correct Answer:
Statute of Frauds
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17. A ________ is a person who agrees to pay a debt if the primary debtor does not.
Answer
Correct Answer:
Guarantor
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18. A contract is an agreement that is enforceable by a court of _____ or _____.
Answer
Correct Answer:
law; equity
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19. When courts rely on precedent, they are obeying ______.
Answer
Correct Answer:
Stare decisis
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20. The transfer and distribution of risk done by an insurer is known as _________.
Answer
Correct Answer:
Risk management
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21. A(n) ________ uniquely identifies an individual's or company's website.
Answer
Correct Answer:
E-signature.
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22. That the biases of a ruling class are reflected in the laws passed is a belief of ____ adherents.
Answer
Correct Answer:
Critical legal studies
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23. A vendor certification _____.
Answer
Correct Answer:
May focus too narrowly on the technical details of the vendor's technology
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24. Warrantless arrests must be based on _____.
Answer
Correct Answer:
Probable cause
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25. Theft is to the criminal law as ____ is to the civil law.
Answer
Correct Answer:
Conversion
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26. State limited-jurisdiction trial courts are sometimes referred to as _____ trial courts.
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27. In a negligence action, a measurement of a persons duty of care is the_____.
Answer
Correct Answer:
Reasonable person standard
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28. In 1778, the continental congress formed a federal government and adopted the _____.
Answer
Correct Answer:
Articles of Confederation
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29. If a law prevents individuals from exercising a fundamental right, the law will be subject to ___.
Answer
Correct Answer:
Strict scrutiny
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30. Contracts involving fraud in inducement are ________.
Answer
Correct Answer:
Voidable.
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31. An indorsement in trust is also known as a(n) _____ indorsement.
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32. A(n) ________ endorsement does not disclaim or limit liability.
Answer
Correct Answer:
Unqualified Indorsement
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33. _____ prohibits discrimination in employment.
Answer
Correct Answer:
Title VII of the Civil Rights Act
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34. The _____ is a trade group that represents the worlds largest software and hardware manufacturers.
Answer
Correct Answer:
Business Software Alliance (BSA)
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35. Land trusts are ________.
Answer
Correct Answer:
Private nonprofit groups
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36. Written defamation is _____; oral defamation is _______.
Answer
Correct Answer:
Libel; slander
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37. Under the law in the antebellum south, slaves were ________.
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38. Under the _______ theory of jurisprudence, the law is what the sovereign says it is.
Answer
Correct Answer:
Legal positivism
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39. Impeachment proceedings begin in the _____.
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40. Baker v. carr (1962) involved ________.
Answer
Correct Answer:
Apportionment of legislative seats
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41. A ________ is defined as the passing of title of goods from a seller to a buyer for a price.
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42. Parties not in ______ usually do not have rights to a contract.
Answer
Correct Answer:
Privity of contract
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43. Negotiable instruments are special types of _____ contracts.
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44. In an auction without reserve, the seller is the _____, and the bidders are the _____.
Answer
Correct Answer:
Offeror; offerees
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45. In a unilateral contract, the consideration for a promise is ______.
Answer
Correct Answer:
A return promise
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46. A(n) ________ involves the seller entrusting possession of goods to a buyer on a trial basis.
Answer
Correct Answer:
Conditional sale
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47. Approval clauses require that the ________ approve any assignment of a contract.
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48. Individual internet users connect to isps through a(n) ________.
Answer
Correct Answer:
Point of presence (POP)
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49. The u.s. district courts are the federal court system's trial courts of _____ jurisdiction.
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50. The smith system does not include __________
Answer
Correct Answer:
O proper use of air bags
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51. Only _____ can formally propose a law.
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52. Most proposed legislation _____.
Answer
Correct Answer:
Does not become law
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53. In a liquidated debt, _____.
Answer
Correct Answer:
Once the debtor makes a different payment, the debt is satisfied and the creditor may not collect anything else
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54. _________ is the power to try a case being heard for the first time.
Answer
Correct Answer:
Original jurisdiction
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55. By conducting ________, corporations expect to prevent unethical conduct to a greater degree.
Answer
Correct Answer:
Corporate social audits
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56. _____ law placed the risk of loss to goods on the party who held title to the goods.
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57. A court with original jurisdiction hears _____ cases.
Answer
Correct Answer:
Only initial
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58. Leo and nlets are different types of law enforcement ________ resources.
Answer
Correct Answer:
Information sharing
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59. _____ is the idea that those subject to laws should have some role in formulating them.
Answer
Correct Answer:
Legitimacy
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60. The hardware components of an information system will act as a(n) ________.
Answer
Correct Answer:
Actor on the computer side
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61. The best way to make yourself valuable to your employers is to learn ______.
Answer
Correct Answer:
How to do multiple jobs
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62. One feature common to states is _____.
Answer
Correct Answer:
A balanced budget requirement
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63. Feminist analysis is a subset of ________ analysis.
Answer
Correct Answer:
Biographical
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64. A factor to consider when selecting a physical location is ________.
Answer
Correct Answer:
Nearby university.
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65. The world court can adjudicate disputes between _____.
Answer
Correct Answer:
Disputes between governments
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66. Every year ___________ of americans require medical treatment from product related accidents.
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67. An apparent agency is also known as an agency by _____.
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68. The philosophy behind intellectual property rights is to _____.
Answer
Correct Answer:
Reward the creator of an idea
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69. Power centers are characterized by the ________.
Answer
Correct Answer:
Provision of individual entrances to each store
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70. Organizations operate in two kinds of complex environments. these are ____.
Answer
Correct Answer:
General and specific environments
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71. Organizations can achieve a competitive advantage by using their resources to _____.
Answer
Correct Answer:
Provide greater value for customers than competitors can
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72. Organizational structure depends on a variety of factors not including ________.
Answer
Correct Answer:
The location(s) of business operations
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73. One of the management advantages of outsourcing is that the company can ________.
Answer
Correct Answer:
Gain expertise
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74. Energy efficiency is usually obtained through _______.
Answer
Correct Answer:
Technology
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75. An industry association certification typically requires that an individual ___.
Answer
Correct Answer:
All of the above
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Business Law MCQs | Topic-wise
