Business Law Quiz ChallengeOnline version Test your knowledge of business law concepts and regulations! by Lavin Bhawnani 1 What is business law primarily concerned with? a Criminal justice procedures. b Regulating business activities and transactions. c Personal injury claims. d Family law disputes. 2 Which law governs the rights and obligations between employers and employees? a Contract Law. b Intellectual Property Law. c Employment Law. d Antitrust Law. 3 What does the Consumer Protection Act, 2019 focus on? a Defining employment contracts. b Establishing trade agreements. c Protecting consumer rights. d Regulating corporate taxes. 4 Which act regulates the establishment and operation of companies? a The Immigration and Nationality Act. b The Copyright Act, 1957. c The Industrial Disputes Act, 1947. d The Companies Act, 2013. 5 What is a key characteristic of law? a Enforceability. b Subjectivity. c Inflexibility. d Irrelevance. 6 What does Antitrust Law aim to prevent? a Intellectual property theft. b Monopolies and unfair competition. c Consumer fraud. d Employment discrimination. 7 Which law protects business innovations and trademarks? a Employment Law. b Contract Law. c Intellectual Property Law. d Consumer Goods Sales Law. 8 What is the source of law derived from the constitution? a Constitutional Law. b Customs and Usages. c Common Law. d Administrative Regulations. 9 What does Contract Law govern? a Employment rights. b Legally binding agreements. c Consumer safety. d Trade regulations. 10 Which law ensures fair trade practices? a Business Formation Law. b Immigration Law. c Antitrust Law. d Consumer Goods Sales Law.
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