Legal Environment of Business

True or False

1) To succeed in international operations, businesses must be sensitive to differences in moral values.

2) Sociological jurisprudence emphasizes that contemporary law should focus on legal principles that have withstood the test of time in a nation.

3) The single largest number of lawsuits today, especially in the federal courts, involves one business suing another business for tortious conduct.

4) For businesses, merely to observe the law is sufficient as legal regulations are flexible and adequately informed to be the only social guide for business decision making.

5) The Fourteenth Amendment to the Constitution recognizes that the law is enforced by taking a person's life, freedom, or the resources that he or she owns.

6) According to the social contract theory, though there may be social and economic inequalities, these inequalities must be based on what a person does, not on who a person is.