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Business Law I Essentials

Assessment Questions

Business Law I EssentialsAssessment Questions
  1. Preface
  2. 1 American Law, Legal Reasoning, and the Legal System
    1. Introduction
    2. 1.1 Basic American Legal Principles
    3. 1.2 Sources and Types of Law
    4. 1.3 Important Business Laws and Regulations
    5. Assessment Questions
    6. End Notes
  3. 2 Disputes and Dispute Settlement
    1. Introduction
    2. 2.1 Negotiation
    3. 2.2 Mediation
    4. 2.3 Arbitration
    5. Assessment Questions
    6. End Notes
  4. 3 Business Ethics and Social Responsibility
    1. Introduction
    2. 3.1 Business Ethics
    3. 3.2 Social Responsibility
    4. Assessment Questions
    5. End Notes
  5. 4 Business and the United States Constitution
    1. Introduction
    2. 4.1 Commerce Clause
    3. 4.2 Constitutional Protections
    4. Assessment Questions
    5. End Notes
  6. 5 Criminal Liability
    1. Introduction
    2. 5.1 Common Business Crimes
    3. 5.2 Civil vs. Criminal Liability
    4. Assessment Questions
    5. End Notes
  7. 6 The Tort System
    1. Introduction
    2. 6.1 Intentional Torts and Negligence
    3. 6.2 Product and Strict Liability
    4. Assessment Questions
    5. End Notes
  8. 7 Contract Law
    1. Introduction
    2. 7.1 Agreement, Consideration, and Promissory Estoppel
    3. 7.2 Capacity and Legality
    4. 7.3 Breach of Contract and Remedies
    5. Assessment Questions
    6. End Notes
  9. 8 Sales Contracts
    1. Introduction
    2. 8.1 The Nature and Origins of Sales Contracts
    3. 8.2 Warranties and Sales Contracts
    4. Assessment Questions
    5. End Notes
  10. 9 Employment and Labor Law
    1. Introduction
    2. 9.1 Employment, Worker Protection, and Immigration Law
    3. 9.2 Labor Law
    4. 9.3 Equal Opportunity in Employment
    5. Assessment Questions
    6. End Notes
  11. 10 Government Regulation
    1. Introduction
    2. 10.1 Administrative Law
    3. 10.2 Regulatory Agencies
    4. Assessment Questions
    5. End Notes
  12. 11 Antitrust Law
    1. Introduction
    2. 11.1 History of Antitrust Law
    3. 11.2 Antitrust Laws
    4. Assessment Questions
    5. End Notes
  13. 12 Unfair Trade Practices and the Federal Trade Commission
    1. Introduction
    2. 12.1 Unfair Trade Practices
    3. 12.2 The Federal Trade Commission
    4. Assessment Questions
    5. End Notes
  14. 13 International Law
    1. Introduction
    2. 13.1 Introduction to International Law
    3. 13.2 Sources and Practice of International Law
    4. Assessment Questions
    5. End Notes
  15. 14 Securities Regulation
    1. Introduction
    2. 14.1 Liability Under the Securities Act
    3. 14.2 The Framework of Securities Regulation
    4. Assessment Questions
    5. End Notes
  16. Answer Key
    1. Chapter 1
    2. Chapter 2
    3. Chapter 3
    4. Chapter 4
    5. Chapter 5
    6. Chapter 6
    7. Chapter 7
    8. Chapter 8
    9. Chapter 9
    10. Chapter 10
    11. Chapter 11
    12. Chapter 12
    13. Chapter 13
    14. Chapter 14
  17. Index
1.

A process in which a third party selected by the disputants helps the parties to voluntarily resolve their disagreement is known as:

  1. Mediation.
  2. Discovery.
  3. Arbitration.
  4. Settlement.
2.

What’s the first step in Alternative Dispute Resolution?

  1. Conciliation.
  2. Mediation.
  3. Negotiation.
  4. Arbitration.
3.

What’s the definition of negotiation?

4.

How does the process of negotiation work?

5.

Explain the Thomas-Kilmann Conflict Mode Instrument.

6.

A person trained in conflict resolution is considered:

  1. An arbitrator.
  2. A mediator.
  3. A negotiator.
  4. A judge.
7.

Mediation focuses on:

  1. Solutions.
  2. Testimony.
  3. Expert witnesses.
  4. Discoveries.
8.

Name the steps in Mediation.

9.

What’s the main benefit of e-mediation?

10.

Roger and Larry are having a dispute regarding their joint business. They want to have a binding resolution to their dispute, but they would prefer to have the dispute handled privately and by someone with special expertise. The best form of dispute resolution for their problem would be:

  1. Arbitration.
  2. Litigation.
  3. Mediation.
  4. Summary Jury Trial.
11.

All of the following are methods to enforce an arbitrator’s decision except:

  1. Writs of Execution.
  2. Garnishment.
  3. Fines.
  4. Liens.
12.

Describe the typical steps in Arbitration.

13.

Explain the differences between binding and non-binding arbitration.

14.

All of the following are the most common applications of arbitration in the business context except:

  1. Labor.
  2. Business Transactions.
  3. Property Disputes.
  4. Torts.
15.

The following are the type of awards that may be issue by an arbitrator:

  1. Bare Bones.
  2. Reasoned.
  3. Both a and b.
  4. Neither a nor b.
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