BEL7_Business Law

What is the primary purpose of business law?

• To eliminate competition

• To ensure order in commercial activities

• To restrict business growth

• To promote unethical practices

Which of the following is NOT a type of business entity?

• Sole Proprietorship

• Limited Liability Company

• Joint Venture

• Corporate Partnership

What does business law help to build between firms and stakeholders?

• Conflict

• Healthy relationships

• Monopolies

• Inequality

Which of the following is an example of a legal business environment factor?

• Inflation

• Contract law

• Local customs

• E-commerce

What type of contract is based on actions or conduct?

• Written Contract

• Oral Contract

• Implied Contract

• Formal Contract

What is the significance of understanding business law?

• It promotes unethical practices

• It increases legal risks

• It prevents legal violations and disputes

• It complicates business operations

Which of the following is a source of business law?

• Public opinion

• Personal opinions

• Legislation

• Social media

What is a characteristic of a Limited Liability Company (PT)?

• No legal entity status

• High personal liability

• Limited liability to capital investment

• Shared liability among partners

What is the role of mediation in business dispute resolution?

• To escalate the dispute to litigation

• To eliminate the need for negotiation

• To involve a neutral third party

• To provide a binding decision

Which case involved illegal cooperation for unauthorized tin mining?

• PT Timah corruption scandal

• eFishery financial fraud

• Company Law violation

• Consumer Protection case