* not completed

. Case law is a system where:

Every Court must follow previous decisions correct incorrect

Whatever a judge says is law correct incorrect

Judges of lower Courts must follow the decisions of the Supreme Court and Court of Appeal correct incorrect

None of the options given is correct correct incorrect

* not completed

. The simplest form of business organization is:

A company correct incorrect

A partnership correct incorrect

An LLP correct incorrect

A sole trader correct incorrect

* not completed

. Bakan argues that in managing a business the directors must:

Only consider the best interests of the members correct incorrect

Always act ethically correct incorrect

Never act ethically correct incorrect

Do what is best for employees because that way the company will do well correct incorrect

* not completed

. EU Regulations:

Require EU national governments to change their domestic legislation correct incorrect

Apply automatically in each state in the EU correct incorrect

Seek to harmonize the laws of Member States correct incorrect

Are directed to institutions, individuals, or member states correct incorrect

* not completed

. Which of the following options best describes what directors of a company have to take into account when making a decision?

The interests of the company's employees correct incorrect

The impact of the company's operations on the community correct incorrect

The impact of the company's operations on the environment correct incorrect

All of the above correct incorrect

* not completed

. What mechanism can the courts use to exercise control over legislation?

A declaration of illegality correct incorrect

A declaration of injustice correct incorrect

A declaration of bad faith correct incorrect

A declaration of incompatibility correct incorrect

* not completed

. Which of the following bodies has a role in enforcing the law of the European Union?

The European Parliament correct incorrect

The European Commission correct incorrect

The European Council correct incorrect

The Council of Ministers correct incorrect

* not completed

. Which of the following is a form of delegated legislation?

A decision of an employment tribunal correct incorrect

A treaty correct incorrect

A constitution correct incorrect

A statutory instrument correct incorrect

* not completed

. According to Lord Goldsmith what is the primary motivation for most people when investing in a company?

To make a difference to their community correct incorrect

To protect the interests of the company's employees correct incorrect

To protect the environment correct incorrect

To make money correct incorrect

* not completed

. The Agreement on Trade Related Aspects of Intellectual Property is supervised by:

The World Bank correct incorrect

The World Trade Organization correct incorrect

The International Monetary Fund correct incorrect

The United Nations correct incorrect

* not completed

. Which of the following options best describes the ways in which a shareholder can exercise control over the work of the company?

By written resolutions correct incorrect

By votes at general meetings correct incorrect

By legal action correct incorrect

All of the above correct incorrect

* not completed

. What role do auditors play in the running of a company?

Convening of all meetings correct incorrect

Keeping of company records correct incorrect

Reviewing and reporting on the company accounts correct incorrect

Concluding contracts on behalf of the company correct incorrect