Question 1

The City of New Orleans filed suit against certain gun manufacturers for financial payments to cover the costs of police work and medical care as a result of gun violence.This suit was based on the legal principle of:

Accepted Answer

A)   unintentional torts.
B)   statutory consideration.
C)   strict product liability.
D)   common law.E) B) and C)
F) A) and B)

Question 2

The executive branch of the government is responsible for overseeing the legal system.

Accepted Answer

A) True 
 B)False

Question 3

What type of law is tort law? Explain what a tort is as well as the meaning of negligence.

Accepted Answer

Tort law is an example of common law.A t...

Question 4

John Fielder is a renowned photographer of the Colorado Rocky Mountain region.Each of his works is copyrighted.This means that anyone can use his photos so long as they give Mr.Fielder notice.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following protects the original work of authors and artists (i.e. ,their books,photos,or cartoons) ?

Accepted Answer

A)   a trademark
B)   a copyright
C)   the Uniform Commercial Code
D)   a patentE) B) and C)
F) A) and D)

Question 6

The European Union currently levies certain Internet taxes.

Accepted Answer

A) True 
 B)False

Question 7

A full warranty limits the defects or mechanical problems that are covered in a product.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following refers to a tax designed to reduce the consumption of a specific good?

Accepted Answer

A)   a control tax
B)   a sin tax
C)   a flat tax
D)   a tax creditE) A) and D)
F) A) and B)

Question 9

Common law relies on decisions made by judges in previous cases.These earlier decisions are called:

Accepted Answer

A)   administrative guidelines.
B)   precedents.
C)   arbitration rules.
D)   statutory models.E) B) and D)
F) All of the above

Question 10

__________ law establishes punishments,and regulates the investigation of people accused of committing crimes.

Accepted Answer

A)   Civil law
B)   Criminal law
C)   Appellate law
D)   Business lawE) None of the above
F) A) and B)

Question 11

Implied warranties are guarantees legally imposed on the seller.

Accepted Answer

A) True 
 B)False

Question 12

The social movement designed to increase and strengthen the rights and powers of buyers in business transactions is called:

Accepted Answer

A)   environmentalism.
B)   capitalism.
C)   socialism.
D)   consumerism.E) C) and D)
F) A) and B)

Question 13

The number of Americans filing for bankruptcy has decreased as a result of the Bankruptcy Reform Act.

Accepted Answer

A) True 
 B)False

Question 14

The holder of an exclusive copyright may charge a fee to anyone who wishes to use the copyrighted material.

Accepted Answer

A) True 
 B)False

Question 15

Affordable healthcare continues to be a hotly debated topic in the United States.At this time,the government has passed legislation known as the Patient Protection and Affordable Care Act.The legislation's purpose is:

Accepted Answer

A)   To reduce the cost of health care insurance for employed citizens who receive a healthcare benefits.
B)   To redirect healthcare costs for the uninsured to the social security system.
C)   To provide government mandatory healthcare for approximately 32 million U.S.citizens who are uninsured.
D)   To provide a means for U.S.citizens to sue their insurance providers for sub-standard hospital care.E) A) and D)
F) B) and C)

Question 16

The Nutrition Labeling and Education Act of 1990 requires truthful and uniform nutritional labeling on all food the FDA regulates.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following holds a company liable for negligence in the production,design,sale,or use of products the firm markets?

Accepted Answer

A)   breach of contract
B)   price discrimination
C)   promotional responsibility
D)   product liabilityE) None of the above
F) C) and D)

Question 18

One result of deregulation in the airline industry has been:

Accepted Answer

A)   less intense competition.
B)   increase aviation related fatalities.
C)   higher prices for consumers.
D)   lower prices for consumers.E) A) and B)
F) A) and C)

Question 19

While the government regulates business activities,businesses would prefer to set their own standards of behavior.Which of the following is the most likely reason the government has intervened?

Accepted Answer

A)   The relationships between businesses and other parties are more complex than ever.
B)   The public perceives U.S.businesses as moving too slowly in implementing acceptable standards of behavior.
C)   The judiciary branch of the government is more aware of the needs and desires of society.
D)   There has been an increase in the number of lawyers.E) A) and D)
F) C) and D)

Question 20

A warranty guarantees that:

Accepted Answer

A)   the seller will replace or repair the product at no charge if the customer finds a cheaper substitute.
B)   the buyer has read and understood the information provided in the owner's manual.
C)   consumers will have access to a customer complaint resolution hot line.
D)   the product sold will be acceptable for the purpose for which the buyer intends to use it.E) B) and D)
F) B) and C)

Exam 21: Appendix A: Using Technology to Manage Information

A full warranty limits the defects or mechanical problems that are covered in a product.

Correct AnswerverifiedShow Answer

What type of law is tort law? Explain what a tort is as well as the meaning of negligence.

Correct AnswerverifiedTort law is an example of common law.A t...View AnswerShow Answer

Which of the following protects the original work of authors and artists (i.e. ,their books,photos,or cartoons) ?

Correct AnswerverifiedShow Answer

A warranty guarantees that:

Correct AnswerverifiedShow Answer

The number of Americans filing for bankruptcy has decreased as a result of the Bankruptcy Reform Act.

Correct AnswerverifiedShow Answer

Implied warranties are guarantees legally imposed on the seller.

Correct AnswerverifiedShow Answer

The social movement designed to increase and strengthen the rights and powers of buyers in business transactions is called:

Correct AnswerverifiedShow Answer

John Fielder is a renowned photographer of the Colorado Rocky Mountain region.Each of his works is copyrighted.This means that anyone can use his photos so long as they give Mr.Fielder notice.

Correct AnswerverifiedShow Answer

The European Union currently levies certain Internet taxes.

Correct AnswerverifiedShow Answer

Which of the following holds a company liable for negligence in the production,design,sale,or use of products the firm markets?

Correct AnswerverifiedShow Answer

__________ law establishes punishments,and regulates the investigation of people accused of committing crimes.

Correct AnswerverifiedShow Answer

Which of the following refers to a tax designed to reduce the consumption of a specific good?

Correct AnswerverifiedShow Answer

Common law relies on decisions made by judges in previous cases.These earlier decisions are called:

Correct AnswerverifiedShow Answer

One result of deregulation in the airline industry has been:

Correct AnswerverifiedShow Answer

The Nutrition Labeling and Education Act of 1990 requires truthful and uniform nutritional labeling on all food the FDA regulates.

Correct AnswerverifiedShow Answer

Affordable healthcare continues to be a hotly debated topic in the United States.At this time,the government has passed legislation known as the Patient Protection and Affordable Care Act.The legislation's purpose is:

Correct AnswerverifiedShow Answer

The holder of an exclusive copyright may charge a fee to anyone who wishes to use the copyrighted material.

Correct AnswerverifiedShow Answer

The executive branch of the government is responsible for overseeing the legal system.

Correct AnswerverifiedShow Answer

While the government regulates business activities,businesses would prefer to set their own standards of behavior.Which of the following is the most likely reason the government has intervened?

Correct AnswerverifiedShow Answer

The City of New Orleans filed suit against certain gun manufacturers for financial payments to cover the costs of police work and medical care as a result of gun violence.This suit was based on the legal principle of:

Correct AnswerverifiedShow Answer

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Tort law is an example of common law.A t...
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