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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Which of the following is considered a source of the law?

Religious beliefs
Political agendas
Ancient customs
Supreme court rulings

The correct answer is: Supreme court rulings

Supreme court rulings are considered a source of the law because they establish precedent and interpretation of the law. This means that decisions made by the Supreme Court in previous cases are used to guide future decisions in lower courts. This provides consistency and guidance in the legal system. Options A, B, and C are incorrect because they are not official sources of the law. Religious beliefs, political agendas, and ancient customs may influence individuals' beliefs and opinions, but they do not hold the same legal weight as Supreme Court rulings.