Introductory Business Law CLEP Prep Practice Exam

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Prepare for the CLEP Business Law Exam with flashcards and multiple-choice questions. Each question comes with hints and explanations to help you succeed. Master the content and pass your exam!

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What is the name of the body of law that establishes and regulates the practices of large organizations, such as corporations?

Antitrust Law
Commercial Law
Corporate Law
Intellectual Property Law

The correct answer is: Corporate Law

Corporate Law is the body of law that establishes and regulates the practices of large organizations, such as corporations. Antitrust Law (A) focuses on promoting fair competition and preventing monopolies. Commercial Law (B) deals with the sale and distribution of goods and services. Intellectual Property Law (D) deals with the protection of intangible assets, such as patents and copyrights. While all of these areas of law may intersect with corporate law, they each have their own specific focus and do not fully encompass the scope of corporate law. Therefore, C is the most appropriate and specific answer choice.