Business Law MCQs

Business Law MCQs

The following Business Law MCQs have been compiled by our experts through research, in order to test your knowledge of the subject of Business Law. We encourage you to answer these 70+ multiple-choice questions to assess your proficiency.
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1: An industry association certification typically requires that an individual ___.

A.   Meets specific education and experience requirements

B.   Passes an exam

C.   Agrees to follow an association code of ethics

D.   All of the above

2: Energy efficiency is usually obtained through _______.

A.   False

B.   Energy Star

C.   Technology

D.   Preserving wildlife habitats

3: One of the management advantages of outsourcing is that the company can ________.

A.   Get remote support

B.   Gain expertise

C.   Loose expertise

D.   None of these

4: Organizational structure depends on a variety of factors not including ________.

A.   The location(s) of business operations

B.   During tactical planning

C.   Analyzing data and searching for trends

D.   Organizational structure

5: Organizations can achieve a competitive advantage by using their resources to _____.

A.   Provide greater value for customers than competitors can

B.   Social complexity

C.   Unique historical conditions

6: Organizations operate in two kinds of complex environments. these are ____.

A.   Covert and overt environments

B.   General and specific environments

C.   Synergistic and entropic environments

D.   Centralized and decentralized environments

E.   Interrelated and intrarelated environments

7: Power centers are characterized by the ________.

A.   Lack of an anchor store

B.   Sale of exclusive brands only

C.   Provision of individual entrances to each store

D.   Provision for nonretail activities, such as playgrounds

E.   Absence of any pricing strategies for differentiation

8: The philosophy behind intellectual property rights is to _____.

A.   Reward the creator of an idea

B.   WTO and foreign governments

C.   Protect original ideas/works

D.   All of these

9: An apparent agency is also known as an agency by _____.

A.   Performance

B.   Express

C.   The bankruptcy of the principal

D.   Estoppel

A.   Tens of thousands

B.   Hundreds

C.   Millions

D.   Hundreds of thousands

11: The world court can adjudicate disputes between _____.

A.   Disputes between governments

B.   Disputes between a company and a government

C.   Disputes between two companies

D.   Disputes between a private citizen and a government

12: A factor to consider when selecting a physical location is ________.

A.   Work force availability.

B.   Wage rates.

C.   Nearby university.

D.   All of the above

13: Feminist analysis is a subset of ________ analysis.

A.   Expressing anxiety

B.   A portrait of art appreciation

C.   Signs or symbols

D.   Biographical

14: One feature common to states is _____.

A.   A balanced budget requirement

B.   An income tax

C.   The same percentage of spending on Medicaid

15: The best way to make yourself valuable to your employers is to learn ______.

A.   How to do your job only

B.   How to do multiple jobs

C.   How to avoid doing work

D.   How to avoid embarrassment

16: The hardware components of an information system will act as a(n) ________.

A.   Bridge between computer side and human side

B.   Actor on the computer side

C.   Instruction on the computer side

D.   Actor on the human side

17: _____ is the idea that those subject to laws should have some role in formulating them.

A.   Jurisdiction

B.   Legitimacy

C.   Acceptance

D.   Bankruptcy

18: Leo and nlets are different types of law enforcement ________ resources.

A.   Service style

B.   Crime scene investigation

C.   Staff operation

D.   Information sharing

19: A court with original jurisdiction hears _____ cases.

A.   Only civil

B.   Only criminal

C.   Only federal

D.   Only appeals

E.   Only initial

20: _____ law placed the risk of loss to goods on the party who held title to the goods.

A.   Constitutional

B.   Legislative

C.   Executive

D.   Statutory

E.   Common

21: By conducting ________, corporations expect to prevent unethical conduct to a greater degree.

A.   Corporate social audits

B.   Original jurisdiction

C.   De novo

D.   Appellate jurisdiction

22: _________ is the power to try a case being heard for the first time.

A.   First instance

B.   Original jurisdiction

C.   De novo

D.   Appellate jurisdiction

23: In a liquidated debt, _____.

A.   The parties dispute over the existence or amount of the debt.

B.   Other party's consideration will be an act.

C.   When past consideration is given with expectation of future payment

D.   Once the debtor makes a different payment, the debt is satisfied and the creditor may not collect anything else

24: Most proposed legislation _____.

A.   Becomes law

B.   Does not become law

C.   Is debated endlessly in the House

D.   Is debated endlessly in the Senate

25: Only _____ can formally propose a law.

A.   Congress

B.   Presiden

C.   Bureaucratt

D.   None of these

26: The smith system does not include __________

A.   O proper use of air bags

B.   O aim high steering

C.   O leaving yourself an out

D.   O keeping your eyes moving

27: The u.s. district courts are the federal court system's trial courts of _____ jurisdiction.

A.   Appellate

B.   Special

C.   General

D.   Supreme

28: Individual internet users connect to isps through a(n) ________.

A.   NAP

B.   T line

C.   Optical carrier (OC) line

D.   Point of presence (POP)

29: Approval clauses require that the ________ approve any assignment of a contract.

A.   Obligee.

B.   Obligor.

C.   Assignor.

D.   Assignee

30: A(n) ________ involves the seller entrusting possession of goods to a buyer on a trial basis.

A.   Destination contract

B.   Option contract

C.   Unequivocal transaction

D.   Conditional sale

31: In a unilateral contract, the consideration for a promise is ______.

A.   A completed act

B.   The beginning of action in acceptance, even if it is not complete

C.   An acknowledgement

D.   A return promise

E.   An agreement

32: In an auction without reserve, the seller is the _____, and the bidders are the _____.

A.   Offeree; offerors

B.   ​delegator; delegatees

C.   Principal; fiduciaries

D.   Offeror; offerees

E.   Delegatee; delegators

33: Negotiable instruments are special types of _____ contracts.

A.   Implied

B.   ​non-commercial

C.   Informal

D.   Formal

E.   ​quasi-

34: Parties not in ______ usually do not have rights to a contract.

A.   Acknowledged contact

B.   Diverse contact

C.   Privity of contract

D.   Close contact

E.   Privileged contact

35: A ________ is defined as the passing of title of goods from a seller to a buyer for a price.

A.   Lease

B.   Sale

C.   Loan

D.   Gift

36: Baker v. carr (1962) involved ________.

A.   Apportionment of legislative seats

B.   Writ of certiorari

C.   Judicial review

D.   Appellate

37: Impeachment proceedings begin in the _____.

A.   House

B.   Senate

C.   Executive Subcommittee

D.   Senate Ethics Committee

38: Under the _______ theory of jurisprudence, the law is what the sovereign says it is.

A.   Legal positivism

B.   Natural law

C.   Injured party

D.   Criminal law

39: Under the law in the antebellum south, slaves were ________.

A.   Property

B.   Servants

C.   Animals

D.   Indentures

40: Written defamation is _____; oral defamation is _______.

A.   Fraud; conversion

B.   Conversion; fraud

C.   Slander; libel

D.   Libel; slander

41: Land trusts are ________.

A.   Private nonprofit groups

B.   Federal government entities

C.   Corporations

D.   State government entities

E.   Municipal government entities

42: The _____ is a trade group that represents the worlds largest software and hardware manufacturers.

A.   Conflict of interest

B.   Whistle blowing

C.   IT user

D.   Business Software Alliance (BSA)

E.   Foreign Corrupt Practices Act )

43: _____ prohibits discrimination in employment.

A.   The Worker Adjustment and Retraining Notification Act

B.   The Sherman Act

C.   Title VII of the Civil Rights Act

D.   The Norris-La Guardia Act

44: A(n) ________ endorsement does not disclaim or limit liability.

A.   Multiple Payees or Indorsees

B.   Qualified Indorsement

C.   Unqualified Indorsement

D.   Restrictive Indorsement

45: An indorsement in trust is also known as a(n) _____ indorsement.

A.   Special

B.   Testamentary

C.   Official

D.   Blank

E.   Agency

46: Contracts involving fraud in inducement are ________.

A.   Valid.

B.   Void.

C.   Voidable.

D.   Non-rescindable

47: If a law prevents individuals from exercising a fundamental right, the law will be subject to ___.

A.   Intermediate scrutiny

B.   Rational basis scrutiny

C.   Severe scrutiny

D.   Strict scrutiny

E.   Legal scrutiny

48: In 1778, the continental congress formed a federal government and adopted the _____.

A.   Articles of Confederation

B.   Declaration of Independence

C.   Magna Carta

D.   U.S. Constitution

E.   Bill of Rights

49: In a negligence action, a measurement of a persons duty of care is the_____.

A.   Actual cause

B.   Reasonable person standard

C.   Duty

D.   Proximate cause

50: State limited-jurisdiction trial courts are sometimes referred to as _____ trial courts.

A.   Inferior

B.   En banc

C.   Qualified

D.   Superior

E.   Unqualified.