Introductory Business Law CLEP Prep Practice Exam

Whose interests are the primary concern of the law of business and commercial transactions?

1. Consumers

2. Taxpayers

3. Producers

4. Entrepreneurs

The correct answer is: Consumers

The primary concern of the law of business and commercial transactions is to protect and regulate the interests of consumers. Options B, C, and D may indirectly benefit from the law, but they are not the main focus. Option B, taxpayers, may benefit from a well-regulated and prosperous business environment, but their interests are not the primary concern. Option C, producers, may benefit from fair competition and trade, but their interests also do not take precedence over consumers. Finally, option D, entrepreneurs, may benefit from a favorable legal climate for business, but their interests do not outweigh those of consumers.