Business Law

Business Law

1st Grade

25 Qs

quiz-placeholder

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Business Law

Business Law

Assessment

Quiz

Social Studies

1st Grade

Hard

Created by

John Robinson

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary purpose of business law?

To regulate business practices

To promote business growth

To eliminate competition

To increase taxes

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a key component of a contract under business law?

Mutual agreement

Government approval

Public announcement

Media coverage

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the term 'liability' refer to in business law?

A company's legal debts

A company's assets

A company's profits

A company's market share

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of intellectual property?

A company's logo

A company's building

A company's employees

A company's vehicles

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the role of a corporate lawyer?

To provide legal advice to businesses

To manage a company's finances

To oversee marketing strategies

To conduct employee training

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which law governs the sale of goods in the United States?

Uniform Commercial Code

Federal Trade Commission Act

Sherman Antitrust Act

Clayton Act

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a 'breach of contract'?

Failure to fulfill a contract's terms

Signing a contract

Negotiating a contract

Drafting a contract

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