Business Law Quiz

To gain competitive advantage

To avoid legal consequences and penalties (correct)

To maximize profits

To establish good relationships with customers

They are agreements that are only enforceable if they are in writing

They are agreements that are only enforceable if they are signed by a lawyer

They are informal agreements that are not enforceable by law

They are voluntary agreements between two or more parties that are enforceable by law (correct)

To regulate international trade and commerce

To regulate criminal activities

To regulate the activities of government agencies (correct)

To regulate the activities of private businesses