Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Sarbanes-Oxley is the most extensive regulation of companies since the 1933 and 1934
Securities laws.
a. True
b. False
The Americans with Disabilities Act applies to all employers.
a. True
b. False
Enforcement of federal administrative regulations:
a. is a function of the executive branch.
b. is a function of the Justice Department.
c. is part of the agency's role.
d. none of the above
Nationalization is a process of eminent domain.
a. True.
b. False
The WTO is the body charged with OECD enforcement.
a. True.
b. False
"These cartons will hold up to 100 pounds of books" is an example of:
a. an implied warranty of merchantability.
b. an express warranty.
c.misrepresentation.
d.privity.
Which of the following are included as categories to whom payments are prohibited to
influence results or outcome under the Foreign Corrupt Practices Act?
a. government officials
b. judicial figures
c. government administrative hearing officers
d. head of the United Nation's International Labor Organization
e. All of the above are included.
Under the Commerce Clause, the authority to regulate foreign commerce is given to:
a. Congress.
b. the executive branch.
c. the individual states.
d. only the Senate.
Singer Courtney Love tweeted several posts on her Twitter feed as well as her MySpace
page that a clothing designer "bullied victims, stole, sold drugs, drank three bottles of
vodka," and "is a danger to society." The designer sued Ms. Love for defamation.
Which of the following would be a defense for Ms. Love?
a. That the statements were made on social media.
b. That she is a public figure and enjoys a privilege for her communications.
c.That there is no publication because Tweets and MySpace communications are not
permanent.
d.That the statements are true.
Which of the following constitutes a defamatory statement (assuming the statements are
untrue)?
a. "I don't think you'll be happy with their work."
b. "He was dismissed for embezzlement from his last job."
c."I don't care for him at all."
d."All people from Kentucky are stupid."
Setting maximum prices is a perseviolation of the Sherman Act.
a. True
b. False
Punitive damages are:
a. generally not available in tort cases.
b. often awarded in cases of contract interference.
c.only available in negligence actions.
d.none of the above
The omnibus hearing is held before the preliminary hearing.
a. True
b. False
Religious discrimination is lawful if:
a. a church is looking for a pastor.
b. the person's religion prevented them from working a certain shift.
c.the religious beliefs will interfere with effective work.
d.none of the above
The Commerce Clause was the basis for federal authority for passing and enforcing the
Civil Rights Act.
a. True
b. False
U.S. businesses that break laws while operating in foreign countries:
a. cannot be prosecuted in those countries.
b. are immune under the act of state doctrine.
c. are subject to full prosecution, fines, and imprisonment.
d. none of the above
Who is allowed to submit comments on the proposed rules?
a. Only employers
b. Only employers affected by the rules
c. Only nursing mothers
d. none of the above
Quasi contracts are implied-in-law contracts.
a. True
b. False
The Rehabilitation Act of 1973 applies to all employers.
a. True
b. False
When is a warrant required for an OSHA search?
a. only when a complaint has been filed
b. only when a random inspection is being conducted
c.both a and b
d.none of the above
Where could a business find notices of proposed rules?
a. The Code of Federal Regulations
b. The Federal Register
c. industry trade publications
d. both b and c
Which of the following is true of a Rule 504 offering?
a. It must be made only to accredited investors.
b. It is limited to $1 million.
c.It is limited to 35 purchasers.
d.all of the above
The National Transportation Safety Board has proposed a new regulation that would
require children under the age of two to be strapped into car seats in their own seats on
airplanes. Currently, children under the age of two are nonpaying passengers who ride
on their parents' laps. What opportunities will airlines and parents have for input on the
proposed rule?
a. They can write their congressional representatives.
b. They can send in comment letters to the NTSB.
c. They can seek a presidential veto.
d. They can go to court to block the proposal.
Limited partnership interests are generally not transferable.
a. True
b. False
SIPs are state plans for implementation of air quality standards.
a. True
b. False
Which of the following actions would require the company to obtain a permit for
discharge from the EPA?
a. Releasing water back into a stream after it was used in production with the only
change being its temperature.
b. Releasing water back into a stream after it was used in production, but in a state
cleaner than it entered the factory.
c.Releasing water into a pond on company property.
d.Releasing water from a power plant cooling tower into the ocean. e. All of the above
would require an EPA permit.
Which of the following is not a requirement of Sarbanes-Oxley?
a. code of ethics
b. ethics hotline (anonymous)
c.ethics officer
d.both a and c
Section 16 applies to all stock transactions of directors and officers (of a 1934 Act
company).
a. True
b. False
Customer and territorial restrictions are per se antitrust violations.
a. True
b. False
Which of the following employers is required to have an affirmative action program?
a. an employer under an EEOC consent decree to do so
b. a federal government contractor
c.state agency that receives federal funds
d.All of the above would be required to have affirmative action programs.
