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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What type of law governs the business environment?

Criminal law
Civil law
Common law
Contract law

The correct answer is: Civil law

Civil law governs the business environment as it deals with the relationships between individuals or businesses, including contracts, property, and employment laws. Option A, criminal law, deals with offenses against society and is not directly related to the business environment. Option C, common law, is a system of law based on precedent and may vary depending on the jurisdiction. While it may impact the business environment, it is not specific to it. Option D, contract law, is a part of civil law but only deals with specific aspects of business agreements and may not cover all aspects of the business environment such as employee relations or property laws.