MOUNT IDA BA521 WEEK 1 QUIZ

| June 10, 2016

Question
Question 1

Laws and government regulations affect almost all business activities.

True

False

Question 2

Administrative law is a source of American law that is comprised of statutes.

True

False

Question 3

Stare decisis is a doctrine obligating judges to follow the precedents established within their jurisdictions.

True

False

Question 4

Criminal law focuses on duties that exist between persons.

True

False

Question 5

A law that limits the liberty of all persons may violate substantive due process.

True

False

Question 6

Business ethics focuses on ethical behavior in the business world.

True

False

Question 7

Ethics can be highly subjective and subject change over time.

True

False

Question 8

There is no debate that employees have an absolute right to free expression to make negative posts in social media about other employees and managers.

True

False

Question 9

No one believes that judging a job candidate based on what he or she does outside the work environment is ethical.

True

False

Question 10

Ethical reasoning is the process through which an individual links his or her moral convictions or ethical standards to the particular situation at hand.

True

False

Question 11

Accountants and other professionals do not face liability under the common law for any breach of contract.

True

False

Question 12

An accountant is required to discover every impropriety, defalcation, and fraud in a client’s books.

True

False

Question 13

A client’s negligence is never a defense to a charge of negligence against an accountant.

True

False

Question 14

Under rules of professional misconduct, an attorney should not engage in conduct involving deceit.

True

False

Question 15

If a third party will be affected by a contract, the parties to the contract are in privity with the third party.

True

False

Question 16

Common law is a term for the laws that are familiar to most of us.

True

False

Question 17

Criminal acts are prohibited only by federal government statutes.

True

False

Question 18

Preemption occurs when Congress chooses to act exclusively in a concurrent area and a valid federal statue or regulation takes precedence over a conflicting state or local law.

True

False

Question 19

The Fifth Amendment prohibits unreasonable searches and seizures of persons or property.

True

False

Symbolic speech is defined as nonverbal expressions of belief and is protected by the First Amendment.

True

False

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