Which of the following has the most direct impact on business operations?

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


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?





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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