21 May WHICH OF THE FOLLOWING HAS THE MOST DIRECT IMPACT ON BUSINESS OPERATIONS?
1 Which of the following has the most direct impact on business operations?
International law
EU law
National legal systems
Religious law
2 Public law concerns:
Roman law
Relations between the citizen and the state
Relations between citizens and organizations
Legislation
3 The ‘burden of proof’ is:
Higher for criminal law than civil actions
Required to be the same for both criminal and civil cases.
Lower for criminal cases than civil actions.
More important in common law systems than in systems based on codified law
4 Legal risk is:
Greater in developing countries than in developed ones
Greater where the rule of law is weak
Greater in liberal market economies than in mixed economies
Lower in authoritarian states than in democratic ones
5 The common law tradition exists in which of the following?
Germany
France
India
Japan
6 The main instruments of EU law are:
Regulations and directives
National and regional law
Legislation devised by the Commission and Council
Legislation passed by the Parliament and judgments of the European Court of Justice
7 Arm’s-length contracting differs from relational contracting in what way?
The parties in an arm’s-length deal are already known to each other.
The parties in an arm’s-length deal come together for the purpose of making a contract.
The arm’s-length contract must be in writing.
The arm’s length contract must be between businesses.
8 Product liability has grown in importance because:
Companies have become lax in their quality controls.
Mass-produced manufactured goods have spread across the globe.
People are now more aware of their rights.
Lawyers are keen to obtain more damages for clients.
9 Competition law concerns:
Breaking up monopolies
Protecting small businesses
Controlling abuse of a dominant market position
Punishing price-fixing
10 The growth in international law stems from all but which one of the following?
Concern over the natural environment
Concerns over regional conflicts
Concerns over human rights
Concerns over national courts having too much power
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