Conciliation is also known as _____.
A.mediation
B.arbitration
C.negotiation
D.mitigation
_____ damages are damages over and above what is necessary to make the party whole.
Punitive damages are intended to reflect society’s reaction to the harm inflicted by the
defendant.
A.Stipulated
B.Compensatory
C.Liquidated
D.Punitive
Which of the following categories of collateral is used as a catchall phase for interests
not otherwise covered unless they are specifically excluded?
A.Goods
B.Instruments
C.Accounts receivables
D.General intangibles
If an employee leaves a business and takes information which he then uses for his own
purposes, financial gain, or economic advantage, it is most likely to be an example of:
A.disparagement.
B.palming off.
C.assault.
D.theft of trade secrets.
The Paris Convention deals with:
A.dumping.
B.countervailing duties.
C.product-specific quotas.
D.trademarks protection.
A court can measure the anticompetitive effects of a defendant’s conduct by the:
A.unfair practices approach.
B.antitrust approach.
C.per se approach.
D.grievance method.
In an organization with a native language other than English are not permitted to speak
their native language in the workplace even when it does not interfere with their jobs.
This is an example of discrimination based on ___.
A.affinity orientation
B.national origin
C.color
D.religion
Which of the following is most likely to address virtually all disputes to be arbitrated
other than those where a union or a collective bargaining agreement is in effect?
A.Shuttle diplomacy
B.Commercial arbitration
C.Social engineering
D.Labor arbitration
Which of the following laws is true regarding legal positivism?
A.The theory of legal positivism is based on the premise that society’s ideas change
over time and law should reflect a compromise between the changing, often conflicting,
interests of society.
B.The theory underlying legal positivism is that there is a discoverable set of absolute
right and wrong principles upon which our laws should be based.
C.According to the theory of legal positivism, law derives its status as law from the fact
that it has been enacted by the sovereign with the power to enforce his or her wishes.
D.According to the theory of legal positivism, actual experience is the key to
determining what law should be.
Which of the following is most likely to be an ancillary charge that often gets added on
to the more serious charge by the prosecutor because of the frequency with which it
occurs in conjunction with the underlying crime?
A.Embezzlement
B.Bribery
C.Insider trading
D.Perjury
The _____ round is the current trade-negotiation round of the World Trade Organization
(WTO) which commenced in 2001.
A.Tokyo
B.Geneva
C.Uruguay
D.Doha
The concept of _____ permits jobs that are not the same, but are of comparable worth to
the employer, to be examined for wage disparities.
A.disparate impact
B.equitable value
C.disparate treatment
D.comparable worth
Before imposing a countervailing duty, which of the following organizations determines
whether a domestic company is suffering because of the subsidized product?
A.The Office of U.S. Trade Representative
B.International Trade Administration (ITA)
C.Bureau of Industry and Security
D.International Trade Commission (ITC)
The Employee Retirement Income Security Act (ERISA) prohibits employees from
taking voluntary retirement before the age of 45.
_____ occurs if you learn of some information and pass it on to others, such as friends,
a spouse, or other relatives and they act on the information to their benefit.
A.Perjury
B.Embezzlement
C.Conspiracy
D.Misappropriation
Which of the following statements is true regarding the alternative dispute resolution
(ADR) mechanism?
A.Usually it is more expensive than litigation.
B.ADR outcomes are crafted by the parties.
C.Very few disputes are resolved by the ADR mechanism.
D.Usually it is more time consuming than litigation.
All of the following statements are true regarding IRS EXCEPT:
A.it has the power to issue regulations regarding the collection of taxes.
B.it collects taxes.
C.it holds hearings regarding disputes over tax collection.
D.it enforces laws regulating unfair trade practices.
Which of the following is a part of the Taft-Hartley Act of 1947?
A.Bill of rights
B.Management unfair labor practices
C.Yellow dog contracts
D.Right to work laws
At the time of imposing a countervailing duty, which of the following organizations
determines whether a government subsidy exists and if so, how much and in what
form?
A.The Office of U.S. Trade Representative
B.The International Trade Administration (ITA)
C.The Bureau of Industry and Security
D.The International Trade Commission (ITC)
Three siblings hold title to a piece of property at the same time. Each of them has an
undivided proportionate share of the whole and even if one of them dies, his or her
share will not go to the other owners automatically. This is most likely to be an example
of _____.
A.sole ownership
B.joint tenants with right of survivorship
C.tenants by the entirety
D.tenants in common
Which of the following branches of government has the authority to interpret executive
orders or other presidential acts as unconstitutional?
A.Civil
B.Legislative
C.Judicial
D.Executive
The one who grants a life estate is called a _____.
A.testator
B.tenant
C.donor
D.grantor
Which of the following crimes uses unfair marketing techniques and conduct designed
to eliminate competition through unfair means?
A.Insider trading
B.Antitrust crimes
C.Embezzlement
D.Ponzi scheme
Upon filing the complaint, the court will issue a _____ to the defendant, who is the
party named in the complaint who has allegedly caused harm to the plaintiff.
A.summons
B.complaint
C.motion
D.deposition
_____ allow EEOC, to hold off on proceeding with the claim filed by the employee
with EEOC and instead refer it back to the employer for handling by the employer’s
own internal EEOC approved mediation program.
A.Referral Back programs
B.Universal Agreements to Mediate
C.Federal Mediation and Conciliation Services
D.The Federal Arbitration Act
Which of the following statements is true regarding a gift?
A.A valid completed gift cannot be taken back by the donor.
B.The donor gives the property to another with the intention of receiving some
consideration in return.
C.The donee cannot bequeath the gift to someone else through a will.
D.The donee cannot sell the gift.
The steadily declining union membership rates can be attributed to factors like:
A.aggressive nonunion campaigns by employees.
B.reduction of traditionally heavily unionized industries like steel.
C.loss of jobs to other countries with cheaper labor.
D.increase in the labor force of heavily unionized industries.
Which of the following agencies enforces safe work place laws?
A.EEOC
B.Occupational Safety & Health Administration
C.National Labor Relations Board
D.Federal Trade Commission
Statutes of limitation govern the:
A.time frame for filing lawsuits.
B.cases of first impression only.
C.fee arrangements between an attorney and his/her clients.
D.use of electronically stored information in a lawsuit.
The _____ is responsible for implementing and enforcing the Export Administration
Regulations (EAR). It is charged with the development, implementation, and
interpretation of U.S. export control policy for purely commercial commodities,
dual-use commodities, software, and technology.
A.Bureau of Economic Analysis (BEA)
B.Office of Compliance
C.Bureau of Industry and Security (BIS)
D.Federal Judicial Center
The National Environmental Policy Act establishes a process that federal agencies must
follow in making decisions that have the potential to have a significant impact on the
environment. The process requires the agency to:
A.outline the policies and management system.
B.report on rotational performance and sustainability overview.
C.identify and analyze environmental consequences of proposed action.
D.identify the key indicators.
Intentionally making untrue statements about an individual in the presence of another or
communicated to a third party that has the effect of lessening the individual’s reputation
in the community is _____.
A.assault
B.false imprisonment
C.defamation
D.battery
(p.401-402)According to the Clean Air Act, a(n) _____ is defined as a stationary source
or group of stationary sources that emit 10 tons per year or more of a hazardous air
pollutant.
A.major source
B.area source
C.cap source
D.point source
Discuss defamation in the context of news media.
The concept of _____ requires businesses to consider the potential environmental
impact of a product and the process used to make that product.
A.designing for the environment
B.upcycling
C.social sustainability
D.superfunding
Discuss the following statement. “Certain things have been judicially deemed
unsuitable for patent.”
Describe the role of statutes in creating administrative agencies.
What is real property?
With reference to false imprisonment discuss the shopkeeper’s rule.
What is a quasi-judicial authority?
What is meant by horizontal price fixing?
Discuss the structure and functioning of the American Arbitration Association.
What is a 706 agency?
Discuss business necessity.
What are the various constitutional rights of business?
Distinguish between a monopoly and a monopsony.
Explain with an example, implications of cultural differences in international business.
What are the various advantages of using a disinterested third party for mediation?
What is ratification?
Discuss corporate dissolution.
Discuss the need for alternative dispute resolution (ADR).
Define alternative dispute resolution (ADR).