Introductory Business Law CLEP Test 2025 – 400 Free Practice Questions to Pass the Exam

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What is an example of a statute that regulates business?

The Fifth Amendment

The Uniform Commercial Code

The Fifth Amendment is not a statute, it is an amendment to the United States Constitution that protects individuals from self-incrimination and guarantees due process in legal proceedings. It does not specifically regulate business.

The Sarbanes-Oxley Act primarily regulates accounting and securities practices of publicly traded companies, not all businesses in general.

The Sherman Antitrust Act is a law that prohibits certain business activities that may restrict competition, but it only applies to companies engaged in interstate commerce.

The Uniform Commercial Code (UCC) is a set of laws that govern commercial transactions, such as sales and leases of goods, in the United States. It is an example of a statute that directly regulates business operations and practices.

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The Sarbanes-Oxley Act

The Sherman Antitrust Act

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