Archives
Chapter 1 Chancery Courts Had Lower Precedence Level Over
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 1 Legal Heritage and the Digital Age 1) Businesses that are organized in the United States are subject to its laws, but not […]
Chapter 10 A material fact is a fact that is irrelevant to the subject
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 10 Performance and Breach of Traditional and E-Contracts 1) A unilateral mistake is a mistake in which only one party is mistaken about […]
Chapter 11 The World Wide Web consists of computers that support
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 11 E-Commerce and Digital Law 1) The World Wide Web consists of computers that support a standard set of rules for the exchange […]
Chapter 12 Kell Watches Sells And Repairs watches Steve Entrusts
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 12 UCC Sales and Lease Contracts and Warranties 1) Article 2 of the Uniform Commercial Code is also applied by federal courts to […]
Chapter 13 The property in which the security interest is taken is called
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 13 Credit, Secured Transactions, and Bankruptcy 1) The property in which the security interest is taken is called collateral. Answer: TRUE Diff: 1 […]
Chapter 14 Brooklyn Which Unfortunately Did Not Earn Him
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 14 Small Business and General and Limited Partnerships 1) An entrepreneur is a person who forms and operates a business. Answer: TRUE Diff: […]
Chapter 14 Which of the following partners of a limited partnership
Copyright © 2013 Pearson Education, Inc. 58) Which of the following partners of a limited partnership invest capital but do not participate in management? A) specific partners B) limited partners C) general partners D) sole proprietors Answer: B Diff: 1 […]
Chapter 15 A member or a shareholder is the owner of an LLC
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 15 Limited Liability Companies, Limited Liability Partnerships, and Special Forms of Business 1) A limited liability company is an incorporated business entity. Answer: […]
Chapter 15 Which of the following is true in this context
Copyright © 2013 Pearson Education, Inc. 66) A ________ is a person who intentionally or unintentionally causes injury or death to another person. A) protagonist B) supplanter C) reversionist D) tortfeasor Answer: D Diff: 1 Topic: Limited Liability Company (LLC) […]
Chapter 16 Acquisitions skill Legal Concepts 54 The Corporation That Owned
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 16 Corporations and the Sarbanes-Oxley Act 1) One of the powers of a shareholder is his or her right to elect the board […]
Chapter 16 Which of the following has a fixed maturity date
Copyright © 2013 Pearson Education, Inc. 81) A(n) ________ is a debt security with a maturity of five years or less. A) bond B) debenture C) indenture D) note Answer: D Diff: 1 Topic: Financing the Corporation Skill: Legal Concepts […]
Chapter 17 The Securities Act of 1933 is a federal statute that primarily
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 17 Investor Protection, E-Securities, and Wall Street Reform 1) The Securities Act of 1933 is a federal statute that primarily regulates the issue […]
Chapter 17 Which The Following True Section The
Copyright © 2013 Pearson Education, Inc. 58) Which of the following is true of Section 24 of the Securities Act of 1933? A) It imposes civil liability on any person who violates the provisions of Section 5 of the act. […]
Chapter 18 A principal—agent relationship exists when an employer hires
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 18 Agency Law 1) Agency law is a mixture of tort and contract laws. Answer: TRUE Diff: 1 Topic: Agency Skill: Legal Concepts […]
Chapter 18 Frank Hannigan sees a grand piano that his musician friend
Copyright © 2013 Pearson Education, Inc. 90) Frank Hannigan sees a grand piano that his musician friend Scott Kristoff had been looking for in an antique store. Frank enters into a contract to purchase the grand piano from the antique […]
Chapter 19 If a person believes that he or she has been discriminated against
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 19 Equal Opportunity in Employment 1) The Equal Employment Opportunity Commission is the federal administrative agency that is responsible for enforcing most federal […]
Chapter 19 Lila Miller who works for a large software firm is four-months
Copyright © 2013 Pearson Education, Inc. 56) Lila Miller who works for a large software firm is four-months pregnant and is due for a promotion. However, her employer offers the promotion to Harry Oswald, a less-experienced candidate, as Lila would […]
Chapter 2 The Legal Environment Business And Online Commerce
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 2 Ethics and Social Responsibility of Business 1) All laws are framed to meet the highest ethical standards. Answer: FALSE Diff: 1 Topic: […]
Chapter 20 Labor Standards Act skill Legal Concepts Overtime Pay
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 20 Employment Law and Worker Protection 1) Before the Industrial Revolution, the doctrine of laissez-faire governed the employment relationship in the United States. […]
Chapter 21 the NLRA establishes the right of employees to form and join
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 21 Labor Law and Immigration Law 1) Labor unions have the right to engage in picketing in support of their positions. Answer: TRUE […]
Chapter 22 Bill Rights there Exception This Doctrine Under The
Copyright © 2013 Pearson Education, Inc. 61) Which of the following is an example of a horizontal restraint of trade? A) resale price maintenance B) division of markets C) unilateral refusal to deal D) conscious parallelism Answer: B Diff: 1 […]
Chapter 22 The antitrust laws were enacted to promote anticompetitive
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 22 Antitrust Law and Unfair Trade Practices 1) The antitrust laws were enacted to promote anticompetitive behavior in commerce and industry. Answer: FALSE […]
Chapter 23 Answer False Diff Topic Food Drugs And
Copyright © 2013 Pearson Eucation, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 23 Consumer Protection 1) The U.S. Food and Drug Administration promotes the principle of caveat emptor in sale transactions involving food and drugs. […]
Chapter 23 Which of the following would come under the purview
Copyright © 2013 Pearson Eucation, Inc. 66) Which of the following would come under the purview of the Medicinal Device Amendment to the FDCA? A) a new oral medication for depression B) a new range of cosmetics to reduce signs […]
Chapter 24 Specific Standards Have Been Established For Carbon
Copyright © 2013 Pearson Education, Inc. 59) The Clean Water Act forbids the filling or dredging of navigable waters and qualified wetlands unless a permit has been obtained from the ________. A) Ministry of Environmental Protection B) U.S. Army Corps […]
Chapter 24 The Environmental Protection Agency lacks adjudicative powers
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 24 Environmental Protection 1) The Environmental Protection Agency lacks adjudicative powers to hold hearings and order remedies for violation of environmental laws. Answer: […]
Chapter 25 Buildings constructed on land are considered personal property
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 25 Land Use Regulation and Real Property 1) Buildings constructed on land are considered personal property. Answer: FALSE Diff: 1 Topic: Real Property […]
Chapter 25 Transfer Ownership Real Property Skill Legal Concepts
Copyright © 2013 Pearson Education, Inc. 85) Which of the following defines a reminder as a form of future interest? A) It is a right of possession that returns to the grantor after the expiration of a limited or contingent […]
Chapter 26 The U.S. Constitution divides the power to regulate foreign
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 26 International and World Trade Law 1) The U.S. Constitution divides the power to regulate foreign affairs equally between the federal and state […]
Chapter 3 Iowa State Court This Matter That Involves state
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 3 Courts, Jurisdiction, and Administrative Agencies 1) A decision of a limited-jurisdiction trial court can be appealed at a general jurisdiction court or […]
Chapter 4 The Defendants Attorney Examines The Witnesses During
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 4 Judicial, Alternative, and E-Dispute Resolution 1) The paperwork that is filed with the court to initiate and respond to a lawsuit is […]
Chapter 5 The primary purpose of the Constitutional Convention of
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 5 Constitutional Law for Business and E-Commerce 1) The primary purpose of the Constitutional Convention of 1787 was to limit the power of […]
Chapter 6 Actual physical contact is not necessary for a tort to
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 6 Torts and Strict Liability 1) Actual physical contact is not necessary for a tort to be considered an assault. Answer: TRUE Diff: […]
Chapter 6 The Surgery Was Not successful And The Patient
Copyright © 2013 Pearson Education, Inc. 66) ________ is a point along a chain of events caused by a negligent party after which this party is no longer legally responsible for the consequences of his or her actions. A) Causation […]
Chapter 7 A crime is the violation of a statute for which the government
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 7 Criminal Law and Cyber Crimes 1) A person charged with a crime in the United States is presumed guilty until proven innocent. […]
Chapter 7 Linda Gets Confession Of murder From Gregory Linda
Copyright © 2013 Pearson Education, Inc. 59) ________ is a crime in which one person gives another person money, property, favors, or anything else of value for a favor in return. A) Bribery B) Battery C) Embezzlement D) Larceny Answer: […]
Chapter 8 Closely Guarded Formula For Recipe Protected
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 8 Intellectual Property and Cyber Piracy 1) A competitor can lawfully discover a trade secret by performing reverse engineering. Answer: TRUE Diff: 1 […]
Chapter 9 A unilateral contract can be accepted without the performance
Copyright © 2013 Pearson Education, Inc. The Legal Environment of Business and Online Commerce, 7e (Cheeseman) Chapter 9 Formation of Traditional and E-Contracts 1) Provision of services qualifies as “consideration” for an enforceable contract. Answer: TRUE Diff: 1 Topic: Definition […]