Master Your Business Law Exam: Questions & Answers PDF Guide
All About Business Law Exams
Business law examinations serve a critical role in understanding your comprehension and knowledge of the subject material. They are an effective tool for evaluating how well you grasp key components of business law and a solid understanding of the content is imperative to passing your examination. The exam usually comprises a combination of different questions including multiple choice, true or false and essay questions . The multiple-choice questions require that you make a selection from possible answers and this element of surprise exam structure can prove difficult if you did not study for this section. The true and false section will require you to indicate whether you believe the statement is true. For essay responses you will need to reinforce the information you studied by displaying the scope of your legal knowledge by analyzing the question provided and discussing all possible angles that are relevant. Dissecting the questions carefully is important as it clarifies what information the examiners are seeking.
Types of Topics Covered in Business Law Finals
When preparing for the end of the semester business law final exam, students often wonder what topics are most commonly tested. While the variability of each professor’s curriculum makes it impossible to identify a single set of topics for any particular exam, common themes have emerged over the years. At least one-third of the material on your business law final will relate to contract law. This is in part because the entire course is essentially about contracts that people and businesses make with one another. Because contract law is so integral to the course, it is worth noting that the examination will likely address all elements of formation, performance, and breach of contract. Governing law will also be covered along with remedies for breach of contract that may include monetary damages, liquidated damages for certain breaches, and specific performance.
Corporate governance and employment law are also popular topics. Corporate governance teaches students about agency, and how principal agency relates to, and can potentially form, a contract. When corporate agency is tested, it is usually done with regard to the employees of an organization. Students should therefore make a point of knowing the difference between corporations, general partnerships, limited partnerships, and LLCs. The basics of each type of organization should be well understood during exam review.
Employment law summaries will also be useful because some portion of the examination may focus on the pregnancy or disability discrimination laws. These two areas of employment law are popular because the hypothetical analysis involves general agency principles, which tie back into the contract material. As noted above, a section of your business law examination will test your knowledge of technology law. Exam topics in this area generally emphasize protecting intellectual and physical property, both in and out of the workplace.
How to Approach Business Law Final Exams
Whether you’re cramming for the final exam or prepping for an intermediate test, it’s vital to have a strategy in place. There are many "best practices" for law-related studies that can help you get a higher score. The first technique is organizing your notes by topic. This gives you a subject to focus on each time you sit down with books or laptop open. You won’t have to jump from chapter to chapter, you can work on the content one section at a time. This, in turn, gives you time to write notes in the margins and highlight key ideas. It’ll also allow you to make personal connections to the material. For example, if something in class reminds you of a real life example, jot it down next to the note. When you review, you will trigger the memory of the real world connections. Also, consider making summaries and mind maps. These two study techniques are extremely valuable because they can turn dense material into bite-sized bits. Don’t simply repeat your notes, but create summaries that include your own thoughts and opinions about major topics – this helps immensely when it comes to writing hypothetical answers. When constructing mind maps, look for or create connection points and draw lines between unrelated concepts to emphasize relationships. Many schools hold review sessions right before exams, and attending these is a must. Most professors will hand out or post a list of potential questions, even though they may not always disclose which ones will actually appear. While this list is no guarantee, it can highlight some of the most important areas to study. Also, professors often use previous exams to gauge how difficult to make new tests, so they may recycle some questions. Finally, find some study partners. Forming study groups can ease some of the stress associated with finals week, and it can help you better understand the course material. If you’ve ever had someone explain something to you, you know it’s easier to understand in some instances. You can also challenge your peers in a friendly way – it’s more difficult to cheat off someone else’s answers than it is to make an argument to defend why you wrote down A, B, C or D. Of course, you should also consider online study guides (like this Ace Your Business Law Final: Exam Questions and Answers PDF). There are plenty of exam questions that have appeared on past tests, so use those to prepare. Taking them in an exam-style environment can also help you get into the process of studying because it gives you less time to think about the answers.
Where to Find Sample Questions and Answers
For those that are looking for reliable resources for business law practice exam questions and answers, there are a number of PDF documents available online. These can be helpful when studying for finals or preparing for the bar exam, as they will provide you with a wide variety of potential questions that you may need to answer while sitting for one of these tests. Some of the best places to locate these free downloadable practice exams include: These documents may have free business law exams that will cover a wide range of topics and can become very useful as you need to study. Having access to questions and answers like these are extremely important for those that are preparing for an upcoming exam, as they will help you to better understand the rules, statutes and case law that could potentially be tested. A solid understanding of such things is essential for those taking a test like the bar exam, as a significant portion of it may be spent completing a multiple-choice portion that covers information like what is found on these PDF exams.
Examples of Common Questions in Business Law Finals
The types of questions on a business law final examination can vary widely. Some exams may have short answer or essay type questions that test your understanding of the material we have discussed in class, while other exams have been based on a case or hypothetical scenario that you are to analyze and respond to in approximately 15 pages. Generally, the questions will include aspects of contracts, torts, commercial paper, agency and bankruptcy law as we have covered these subjects both in the textbook and in class discussion. Some examples of what could be asked on a final exam are as follows:
The following two questions are examples of what can be expected on a final exam. Although they are written with a somewhat humorous touch, they do represent the kinds of issues that can and do come up on business law exams. The first question focuses on contracts, the second question addresses a tort action.
Contract Question You own a small coffee shop in Madbury. All of your employees are college students. Because of the ease with which you will be able to hire new employees for your small business when the semester changes, you are unlikely to need the same employees for the next semester. A person comes in one day to apply for a job and while you are asking the person questions on an informal basis, you mention that you are thinking of a location to open another coffee shop in New Hampshire and that you have thought about opening it in Rochester. The person is enthusiastic about the idea and starts talking about how great it would be for him/her to work at both locations. You would like to hire the person and try him/her for a month. The person accedes to your request and begins to work for you. He/she also mentions that he/she has considered opening his/her own coffee shop. Two weeks before the end of the trial period, you find out that the new employee has begun to look for space in Rochester and has talked to at least two real estate brokers. He/she also mentions that he/she is considering asking you to buy him/her out of his/her share of the business, should he/she find a suitable location and want to open a competing coffee shop. You mention that you are not interested in having him/her open a competing business and that he/she should forget about the idea. The employee states that he/she sees no reason to further discuss the idea unless it can be agreed that he/she will be compensated if you decide to go ahead with opening a second store . You and the employee disagree on a reasonable amount of compensation should you decide to go ahead with opening a second store. You both agree that the employee should not be permitted to open a competing coffee shop in Rochester. You terminate the employee and he/she sues on the basis of an implied contract.
Tort Question A College sophomore enters into an agreement with you, the owner of a local coffee house. The agreement is that, in exchange for employment, the student will agree to wear the personal insignia of the coffee house (a little steaming cup of coffee) tattooed on his left forearm. The student intends to their internship in school to major in fashion design, and sees the tattoo as a unique opportunity to get his/her career started. The student will work in a Lamprey College coffee house and coffee shop small kiosks located throughout campus. In exchange, you will pay the student $25,000. The student adds that he/she wants no royalty or fee for the use of the tattoo logo, he/she is happy to have it work as advertising. When the student arrives for work, you ask the student to sign an employment agreement including the following language: While I am employed, I agree not to discuss, debate or criticize any internal policy of the Lamprey College Kiosk coffee shops. I understand that I am expected to be positive and energetic while I am at work. Four weeks later, the student is called to meet with the general manager and is advised that two incidents in which the student made jokes about the terrific taste of coffee, coupled with a line of text drawn from a popular movie about stupidity, were heard by a number of customers and repeated among many employees which resulted in the decision to terminate the student’s employment. The student claims to have lost the opportunity to have the inked arm photographed by a major fashion designer and has suffered emotional distress as well. The student also notes that two other students who also had unique tattoos on display have not been asked to leave and alleges that he/she has been discriminated against in retaliation for taking a position that the coffee is tasteless and lacks quality. The student claims to be entitled to damages from you. What defenses do you have and what, if anything, do you owe the student?
Tips on How to Tackle Business Law Exam Questions
Once you’ve covered the entire syllabus, then all you need do to in order to pass your business law exam is look at how you answer the questions. Once you have perfected that, business law is a cinch!
One of the first things to note is that most exam papers have typically three types of questions; case scenarios, general questions and essays. The case scenario and general questions are fairly straightforward in that they tell you exactly what the main issues are and exactly how you should structure your answer. It is really important to pay attention to the phrasing of the question so that you know what information to include in your answers.
These questions tend to have a set number of marks that you can attain from them, so it is really important that you structure and write your answers in such a way as to make sure you include everything that can get you all of those marks. This means being familiar and comfortable with the syllabus and able to recall the key issues that are covered in the syllabus without the need for textbook access. One of the best ways to do this is to create a revision plan on the topics and sub-topics that the test is going to cover.
This may seem like too much work, but you will find that as you go through your exam paper you will save yourself time in the long run if you know your stuff beforehand. It also means that you can create a basic revision folder from which to draw out all of your sub-topic notes to save a little more time.
For essay questions, make sure that you know your stuff before attempting to write your answer. Otherwise, you will waste valuable time and marks by waiting for memory prompts or definitions that can take ages to come back to you. A key issue when revising is to figure out what the key issues are and to make a note of them with general descriptions so that you can go through your notes and get to the points that you know you are going to need to refer to in order to write a successful answer. You can then go back and expand on the topics or descriptions later to make them more detailed.
One of the most important things to be aware of is the timing of your answers. All universities give you 15 minutes before the paper to read through the questions and ask for any extra information that you may need. Use these extra 15 minutes and plan your answers accordingly. For example, if you think that you’re going to struggle with the first question then one way to combat that is to answer all of the other questions first and come back to the difficult question, this way you can use your time effectively and attain as many marks as possible.
How to Utilize PDFs in Your Exam Study Prep
Business law exam questions and answers files are available in two editions, including paper print format, and as an eBook in Adobe PDF format. Exam papers and answers are made available in the eBook edition in a way that makes them easy to read and study from, in any physical place where you take your study materials. With Adobe Reader for your smartphone, tablet, computer or laptop, you do not need to carry around long bound books or folders, and can have a full set of business law papers and answers for all subjects on hand for any situation.
There’s no need to carry many paper folders, as the eBooks can be read on a smartphone in a portrait orientation where needed. Because business law exams can sometimes be hard to prepare for, even using an existing library of exam papers and model answers with a custom index, it’s a big help if you have the material dissected into sections , and can jump from one paper to another or between exam question and the answer in seconds, like switching between web pages in a browser program.
Reading the materials in PDF format also lets you highlight sections, write notes, and take personal annotations about the exam answers in the Adobe Reader. This means you can focus on the parts of what you’ve written that need more work, and save time reading old notes that don’t need to be repeated in business law revision. If you think of something new to add in for an online forum exam discussion, you can add it there.
Studying from eBooks is much less stressful than lugging around many bound paper folders, which are heavy, difficult to carry, and sorely impractical for public transport, or when walking to lectures. A lot of material can be carried around at once with the exam papers and answers in digital format, wherever you go.