Which of the following would be relevant areas of business law to a human resource manager?

Business law consists of the enforceable rules of conduct that govern commercial relationships. 
TRUE

Because of the law, we rely on the goodwill and dependability of one another. 
FALSE

Public law controls disputes between private individuals or between groups and their government. 
TRUE

Cyberlaw is based primarily on existing laws. 
TRUE

Another name for case law is common law. 
TRUE

Case law interpretations are law unless they are revoked later by new statutory law. 
TRUE

The term "stare decisis" means "reversing the decision." 
FALSE

The decision of a state supreme court is binding on a lower state court located in the state. 
TRUE

Constitutions and statutes are complete in the sense of covering the detailed rules that affect government and business relations. 
FALSE

Presidents claim the power to issue executive orders on the basis of their Article II, Section 1, constitutional power to "take care that the laws be faithfully executed." 
TRUE

The term "natural law" is another word for "legal positivism." 
FALSE

Which of the following spell out what market participants may and may not legally do? 
A. Constitutions, legislatures, regulatory bodies, and courts
B. Legislatures only
C. Courts only
D. Legislatures and courts but not constitutions or regulatory bodies
E. Constitutions, legislatures, and courts but not regulatory bodies

Which of the following would be relevant areas of business law to a human resource manager? 
A. Contracts, employment and labor law, and employment discrimination
B. Contracts only
C. Contracts and labor law, but not employment discrimination
D. Employment and labor law, but not contracts
E. None of the above because a human resource manager would be involved in work assignments only

Laws are enforced by which of the following? 
A. State legislatures
B. Federal Congress
C. Community consensus
D. Courts
E. All the above