1
Understanding Business 12th Edition Nickels Test Bank
Understanding Business, 12e (Nickels)
Bonus Chapter A Working within the Legal Environment
The executive branch of the government is responsible for overseeing the legal system.
Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
The U.S. court system is organized solely at the federal and state levels.
Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Trial courts hear cases involving criminal and civil law.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation<\/p>\n\n\n\n
2
Criminal law defines crimes, establishes punishments, and includes payment for personal
injury.
Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Laws regulating marriage and the payment for personal injuries are part of our body of civil
law.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Laws regulating marriage and personal injury liability are part of our body of criminal law.
Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Business law creates the legal framework for the enforcement of criminal statutes.
Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation<\/p>\n\n\n\n
3
Appellate courts hear the appeals of decisions made at the trial court level brought by the
losing party in the case.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Businesses today prefer to have the government set the standards for acceptable behavior.
Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Business law refers to a body of regulations that, when enforced, provides a framework
within which business may be conducted.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Business law is enforceable by the courts.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation<\/p>\n\n\n\n
4
The government’s involvement in governing the behavior of business people seems to be
increasing.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Statutory law refers to written legislation.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Common law is the body of law established through legislative action by Congress.
Answer: FALSE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Common law is based on the precedent of earlier court decisions.
Answer: TRUE
Difficulty: 1 Easy
Topic: Business Law
Learning Objective: A-01 Define business law, distinguish between statutory and common law,
and explain the role of administrative agencies.
Bloom’s: Remember
AACSB: Reflective Thinking
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