AAU BUS 230 Module 1 Quiz: Principles of Business Law I (2014)

Question Points1. A set of rules or standards that establish a framework for professional behavior and responsibilities within a company setting is called:a. A company’s constitution.b. A company’s bylaws.c. A company’s articles of incorporation.d. A company’s code of ethics. 2. On what basis may a business or individual challenge an administrative regulation?a. Fairness.b. Timeliness.c. Reasonableness.d. Constitutionality.3. Personal jurisdiction refers to:a. A person’s right to bring a case before any court.b. A person’s ability to be treated fairly.c. A court’s authority over a person.d. A court’s authority over a case.4. An example for deciding future cases involving the same or similar facts is called a:a. Common law.b. Precedent.c. Statute.d. Writ of Certiorari5. “Litigation” refers to:a. a rule of law.b. a lawsuit.c. common law.d. none of the choices apply.6. Which of the following is a function of law?a. Settlement of disputes.b. Protection of the individual and society.c. Protection of property.d. All of the choices apply7. Stare decisis is advantageous because it provides:a. Longevity.b. Predictability.c. Decisiveness.d. Flexibility.8. Common law refers to:a. The unwritten law.b. The body of legal decisions made by English court judges, under the authority of the king over a period of many years.c. Case law.d. All of the choices apply9. In order for a court to hear a case, the court must have what type of jurisdiction:a. Personal jurisdiction.b. Subject matter jurisdiction.c. All of the choices apply.d. None of the choices apply.10. A court that can hear almost any case that comes before it has what type of jurisdiction:a. Special.b. General.c. Absolute.d. Great.11. Which of the following courts is likely to hear a breach of contract (civil) case for $500.00?a. A state trial court.b. A federal appeals court.c. A small claims court.d. A bankruptcy court.12. Laws passed by formal legislative bodies are called:a. Legislative rules.b. Legislative decisions.c. Statutes.d. None of the choices apply.13. Courts will look to which of the following when deciding a case:a. Statutes.b. Precedent.c. All of the choices apply.d. None of the choices apply.14. The fundamental written law of a state is called a(n):a. Constitution.b. Statute.c. Regulation.d. Ordinance.15. Which of the following is indicative of legal relief rather than equitable relief?a. Decided solely by a judge.b. Non-monetary damages.c. Specific performance of a contract.d. A jury judgment for monetary damages.16. Washington v. International Shoe Co., 326 U.S. 310 established which rule:a. Stare decisis.b. Court filing deadline.c. Minimum contacts.d. None of the choices apply.17. Statutes are laws passed by legislative bodies rather than by the courts.a. Trueb. False18. In order to bring a case in court, a person must have?a. Standing to sue.b. A frivolous case.c. A feeling that they have been treated unfairly.d. A lot of money.19. Which section of the U.S. Constitution created the U.S. Supreme Court?a. Article III (Section 1)b. Article II (Section 1)c. Article III (Section 2)d. Article II (Section 2)20. Which court has mainly appellate jurisdiction?a. U.S. Court of Appeal for the Second Circuit.b. U.S. Supreme Court.c. State Trial Court.d. None of the choices apply.