GBUS2003 - Module 1

A written request to a court to settle a dispute is called a(n):.

complaint or petition

To recover for a tort based on negligence, the plaintiff must show:

the breach of the tortfeasor's duty to the injured party

What is the chief function of the courts?

​They interpret and apply the law from whatever source to a given situation.

The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) seeks to:

​ensure the cleanup of waste from previous business activities.

Kenneth was sentenced to six years in prison for forgery. In this case Kenneth has committed a(n) _____.

​felony

A _______ is a court decision that determines the decision in a subsequent, similar case.

​precedent

Which of the following is most likely to be a tort based on negligence?

Automobile accidents

Which of the following statements is true of common law?

Cases in common law are decided on the basis of precedents.

Which of the following best describes the difference between civil law and criminal law?

Civil law deals with the enforcement or protection of private rights, whereas criminal law deals with offenses against society.

ANZ Inc., a cement manufacturer, releases hazardous chemicals into the atmosphere and also into nearby streams. The pollutants released into the atmosphere exceed acceptable levels and the company is facing a suit from the residents of nearby towns. Under which of the following acts can the company be sued?

Clean Air Act

On investigation, it was found that Ken, the bookkeeper at CL Corp., had stolen money from the company's account and recorded financial transactions inaccurately to cover up for his activities. For which of the following business crimes can Ken be prosecuted?

Embezzlement

Which of the following is true of government regulation of business?

Government regulations are used to eliminate abuse in business.

Which of the following is true of the United States Supreme Court?

It has appellate jurisdiction in cases based on the U.S. Constitution.

Which of the following is true of the Children's Online Privacy Protection Act (COPPA)?

It imposes certain requirements on operators of websites directed to children under the age of 13

Which of the following is true of The Water Pollution and Control Act?

It sets limits on discharges, including pollutants into sewer systems.

In a situation where an injured party in an accident is partly to blame for the accident, which of the following is most likely to be true under a contributory negligence system?

The injured party cannot recover any damages because it is partially negligent in the case

Which of the following is true of a jury trial procedure?

The jury is selected before an opening statement is made by the attorney.

Which of the following is true of special federal courts?

They have jurisdiction limited by Congress.

Which of the following statements is true of federal district courts?

They hear all criminal cases that involve a violation of federal law

Regulatory agencies can use the licensing power to:

allow a business to enter the field being regulated

An agency's power to determine whether the activity of a regulated entity is acceptable or not is an example of:

power over business practices

The purpose of antitrust laws is to:

promote competition among businesses

Disgorgement of profits refers to:

the repayment of any profits received as a result of corrupt payments.

The _____ consists of ten amendments to the U.S. constitution specifically designed to protect the civil rights and liberties of citizens and the states.

​Bill of Rights

Which of the following is true of administrative agencies?

​They can become specialists in a particular area of regulation.