The Legal Environment of Business Text and Cases 11th Edition by Frank B. Cross test bank
a.
state constitutions.
b.
legal scholars’ research.
c.
laws passed by local governing bodies.
d.
regulations created by administrative agencies.
ANSWER:
b
39. A constitution sets forth a government’s
a.
limits, but not powers.
b.
limits and powers.
c.
neither limits nor powers.
d.
powers, but not limits.
ANSWER:
b
40. The basis of all law in the United States is
a.
the U.S. Constitution.
b.
laws passed by Congress.
c.
case law.
d.
regulations created by administrative agencies.
ANSWER:
a
41. Laws enacted by legislative bodies at any level of government make up the body of law generally referred to as
a.
statutory law.
b.
the basis of all law in the United States.
c.
the supreme law of the land.
d.
uniform law.
ANSWER:
a
42. On a challenge to a provision in a state constitution that conflicts with a provision in the U.S. Constitution
a.
neither provision will be enforced.
b.
both provisions will be enforced.
c.
the state provision will be enforced only within that state’s borders.
d.
the state provision will not be enforced.
ANSWER:
d
43. The Florida legislature enacts a state law that violates the U.S. Constitution. This law can be enforced by
a.
no one.
b.
the federal government only.
c.
the state of Florida only.
d.
the United States Supreme Court only.
ANSWER:
a
44. The Uniform Commercial Code facilitates commerce
a.
among the states.
b.
between the states and the federal government.
c.
in countries that were once colonies of Great Britain.
d.
in international markets.
ANSWER:
a
45. The Uniform Commercial Code provides a set of rules governing
a.
commercial transactions.
b.
state legislative adoptions.
c.
congressional procedures.
d.
administrative processes.
ANSWER:
a
46. Administrative law includes
a.
all laws that affect business operations.
b.
the rules, orders, and decisions of a government agency.
c.
model laws developed by the National Conference of Commissioners on Uniform State Laws.
d.
laws enacted by a legislative body.
ANSWER:
b
47. Regulations issued by a state or local agency may affect all of the following aspects of a business’s operations except
a.
capital structure and financing.
b.
product manufacturing and marketing.
c.
relations with employees and unions.
d.
compliance with conflicting federal agency regulations.
ANSWER:
d
48. The Food and Drug Administration (FDA) is an executive agency. As an executive agency, the FDA is subject to the authority of
a.
no government official or entity.
b.
the president.
c.
state legislatures.
d.
the U.S. Attorney General
ANSWER:
b
49. Common law rules develop from
a.
principles underlying judges’ decisions in actual controversies.
b.
regulations issued by administrative agencies.