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BUSN 420 Business Law Quiz 1 Answer

BUSN 420 Business Law Quiz 1 Answer

BUSN 420 Business Law Quiz 1 Answer

BUSN 420 Business Law Quiz 1 Answer

BUSN 420 Business Law Quiz 1 Answer

BUSN 420 Business Law Quiz 1 Answer

BUSN 420 Business Law Quiz 1 Answer

1. Question : The Securities Exchange Commission (SEC) is an administrative agency. Like other administrative agencies, the SEC was established to

Student Answer: act as a liaison between federal and state governments.

impose uniform laws on the states.

perform a specific function.

standardize laws for the executive and judicial branches.



2. Question : The River City Council, the Santa Clara County Board, the Texas state legislature, and the U.S. Congress enact laws. These laws constitute

Student Answer: administrative law.

case law.

stare decisis.

statutory law.



3. Question : Jill is an appellate court judge. In this capacity, Jill establishes a rule of law. Under the doctrine of stare decisis, the principle must be adhered to by

Student Answer: all courts.

courts of lower rank only.

that court and courts of lower rank.

that court only.



4. Question : Krystal is a federal judge. Krystal’s judicial decisions are part of case law. This law includes interpretations of primary sources of law. These sources include

Student Answer: administrative regulations.

articles in law reviews and other legal journals.

compilations summarizing court decisions on particular topics.

legal encyclopedias.



5. Question : Sam is a judge hearing the case of Local Co. v. National Corpage. Applying the relevant rule of law to the facts of the case requires Sam to find previously decided cases that, in relation to the case under consideration, are

Student Answer: as different as possible.

as similar as possible.

at odds.

exactly identical.



6. Question : Dru, a U.S. citizen, is the owner of Egret, Inc. Egret’s competitors includes Feathered Friends Company (FFC), which is owned by Greg and Huey. The Bill of Rights embodies a series of protections for Dru against types of interference by

Student Answer: FFC and its other competitors only.

FFC, Greg, Huey, others, and the government.

Greg, Huey, and other private individuals only.

the government only.


Points Received: 0 of 2

7. Question : Expendable Energy Corporation regularly expresses opinions on political issues. Under the First Amendment, corporate political speech is given

Student Answer: little protection.

no protection.

significant protection.

total protection.



8. Question : Savers Mart, Inc., distributes its merchandise to retail outlets on an interstate basis. Under the commerce clause, Congress has the power to regulate

Student Answer: any commercial activity in the United States.

only activities that are in intrastate commerce.

only activities that are in local commerce.

only activities that are not in commerce.



9. Question : (TCO 2) A Minnesota state statute restricts certain kinds of advertising to protect consumers from being misled. A court would likely hold this statute to be

Student Answer: an unconstitutional restriction of speech.

constitutional under the First Amendment.

justified by the need to protect individual rights.

necessary to protect national interests.



10. Question : (TCO 2) Jon, a law enforcement official, monitors Kelsey’s Internet activities – e-mail and website visits to gain access to her personal financial data and student information. This may violate Kelsey’s right to

Student Answer: equal protection of the law.


procedural due process.

substantive due process.


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BUSN 420 Business Law Quiz 1 Answer