The bill of rights, implemented under the Landrum-Griffin Act of 1959, states that:
A.members do not have the right to vote on union business.
B.union officers must be voted through public ballots.
C.union elections must be held every three years.
D.members cannot be disciplined for failure to pay union dues.
A merger:
A.is not covered by the United States antitrust laws and regulations.
B.occurs through either a stock or asset purchase of one firm by another.
C.doesn’t come under the jurisdiction of the Department of Justice.
D.can only be of the conglomerate type to be anticompetitive.
When a discrimination claim is based on ___, the employee must show that an
employment policy that is neutral on its face has a harsher impact on a group protected
by the law.
A.disparate opportunity
B.disparate treatment
C.disparate assignment
D.disparate impact
Which of the following is an ADR mechanism that involves the intervention of a
disinterested third party into a dispute and the third party can impose a decision, much
like a judge does?
A.Conciliation
B.Mediation
C.Arbitration
D.Litigation
Which of the following is essential to begin the formation of a union?
A.A bargaining unit
B.A yellow dog contract
C.A shop steward
D.A business agent
Which of the following statements is true regarding palming off?
A.Palming off involves intentionally making false statements about the quality or
ownership of someone’s goods.
B.Palming off is also known as injurious falsehood.
C.In the case of palming off, usually what the purchaser buys is of inferior quality or at
least not the brand or quality they thought they were purchasing.
D.An individual can sue a person for palming off when the person intentionally
interferes with either an existing or a prospective contract the individual has with
another.
The _____ of a corporation are the true owners of the corporation.
A.employees
B.shareholders
C.board of directors
D.officers
The _____ was created by the Congress to further enforce antitrust violations and to
improve, and develop antitrust policy.
A.NAAG
B.DOJ
C.UCC
D.FTC
Which of the following statements is definitely true regarding a nonregistered stock?
A.It can be negotiated by whoever possesses the stock.
B.It exists in the form of a stock certificate.
C.It is a type of a debt security.
D.It represents a loan to the company which the company promises to repay with
interest.
Which of the following statements is true regarding false imprisonment?
A.There should be some means that stops the victim from leaving the premise.
B.This tort requires the intent to harm, not the intent to do the act that results in the
harm.
C.The space should be small.
D.Locking up someone’s pet or other property is sufficient for this tort.
Executive agencies are created by _____.
A.federal acts
B.statutes
C.executive orders
D.decrees
Affirmative action is:
A.paying certain amount as fine for discriminating at the workplace.
B.a defense used for discrimination claims that are based on disparate impact.
C.making a plan to include in the workplace those who have traditionally been
excluded from the workplace due to generations of discrimination.
D.a defense used for discrimination claims that are based on disparate treatment.
The _____ oversees all the U.S. stock exchanges and any organization connected with
the selling of securities.
A.Domestic Policy Council
B.Securities Exchange Commission (SEC)
C.Council of Economic Advisers
D.Commission on Civil Rights
The purpose of section 1101 of the Copyright Act is to:
A.allow joint authorship for copyrights.
B.prevent unauthorized fixing or broadcasting of live musical performances.
C.protect trade secrets.
D.allow the Librarian of Congress to appoint the Registrar of the Copyright Office.
Which of the following statements is true regarding a sole proprietorship?
A.The sole proprietor is personally liable on all business obligations.
B.There is legal separation between the owner and the business.
C.A limited partnership is also known as a sole proprietorship.
D.A sole proprietorship is an incorporated business.
In a ___, the outstanding shares of stock are held by a small number of persons,
frequently family relatives or friends.
A.closely held corporation
B.government corporation
C.professional association
D.public corporation
According to which of the following ethical theories, in the event of an ethical
dilemma, everyone should act as they would want someone else to act in the situation?
A.Utilitarian approach
B.Deontological
C.Categorical imperative
D.Consequentialism
According to the Miranda warnings:
A.you cannot refuse to talk to the police about any crime that you might have
committed.
B.you can be compelled to testify against yourself as to criminal matters.
C.you have the right to remain silent.
D.the attorney of a suspected criminal cannot be present when the suspected criminal is
being questioned by the police.
The very first thing a party with a conflict should do is to attempt _____ with the other
party to the dispute.
A.conciliation
B.arbitration
C.summary jury trial
D.mediation
Which of the following statements is true regarding arbitration?
A.The rules governing arbitration proceedings are more restrictive than court
proceedings.
B.Arbitration is rarely used for dispute resolution.
C.The cost of arbitration is more than that of litigation.
D.It can be structured in almost any way that accommodates the needs of the parties.
Ted is the only person who holds title to a house. He does not have to consult with
anyone to determine how the house can be used. He is the only one responsible for
paying for the property, repairs, taxes, and harm that occurs to another from use of the
house. This is an example of _____.
A.joint tenants with right of survivorship
B.sole ownership
C.tenants in common
D.tenants by the entirety
Which of the following organizations is a nongovernmental organization?
A.World Trade Organization
B.Rotary International
C.International Monetary Fund
D.United Nations
The legislative branch of the government has the authority to:
A.interpret laws.
B.pass laws to bring the court’s interpretation of law in line with the views of the
legislature.
C.request legislation and veto legislation.
D.interpret executive orders or other presidential acts as unconstitutional.
It costs $1 to produce an item and there are 2 producers of that item. In order to be
competitive, Producer 1 sells the items for $2 to all his purchasers, regardless of where
they are located, which gives him a profit of $1 on each item. Producer 2, on the other
hand, sells his items for $2 if they are located in an area that competes with Producer 2,
but $1.50 if they are located in an area that doesn’t compete with Producer 2 and this
tactic is used to keep Producer 1 out of the market that’s currently not served by him.
This is an example of:
A.price discrimination.
B.price fixing.
C.bid rigging.
D.perjury.
Which of the following employees are governed by the NLRA?
A.Private sector
B.Federal government
C.State government
D.Local government
The NLRA applies only to the private sector. Federal, state and local government
employees (e.g., public employees such as government workers, police officers, and so
on) are governed by other laws.
Securities filed under “Regulation D” are:
A.not exempt from registration with the SEC.
B.sold to accredited investors.
C.securities of federal government.
D.offerings of a limited size that are sold strictly intrastate.
_____ agreements are almost always included in international commercial transactions
as a way of avoiding international litigation.
A.Conciliation
B.Binding arbitration
C.Mediation
D.Nonbinding arbitration
Which of the following statements is true regarding an ADR program attached to the
court?
A.It increases court docket congestion.
B.It lightens the court’s caseload.
C.It increases wait for court dates for litigants.
D.It increases the cost of dispute resolution.
Those who feel they have been discriminated against in employment must be able to
prove it in one of two ways: _____ or disparate impact.
A.disparate evaluation
B.disparate treatment
C.disparate opportunity
D.disparate assignment
This organization is an independent agency that provides trade expertise to the
legislative and executive branches of government. It advises the President and
investigates issues such as the balance of trade between imports and exports, the
economic impact in the United States of any proposed trade agreements, and effects of
foreign competition on the United States. It can impose countervailing duty on products
determined by the International Trade Administration to harm domestic manufacturers.
Identify the organization in discussion.
A.U.S. Customs and Border Protection
B.The Office of the U.S. Trade Representative
C.The Bureau of Industry and Security
D.International Trade Commission
The Robinson-Patman Act barred price discrimination unless:
A.it was necessary to facilitate a corporate merger.
B.it was supported by the need to eliminate competition.
C.it was supported by cost savings.
D.it was necessary to create a monopoly.
In the context of the Copyright Act, what is meant by fixed image?
The causes leading to creation of administrative agencies often arise from some sort of
agitation by the public. Discuss with examples.
What are executive orders? Give example of an executive order which addresses
environmental concern.
Discuss the case of first impression.
What is a proxy solicitation?
Define a bargaining unit?
What is a contract? What are the requirements of a valid contract?
Explain the Parol Evidence Rule.
Discuss briefly Chapter 7 bankruptcy.
Discuss statutes of limitation.
What is a certification mark?
What are the two main elements of monopolization?
What is the difference between debt securities and equity securities?
Discuss suertyship agreement.
Differentiate between an endangered species and a threatened species.