Once a U.S. company has a registered trademark in the United States, it can register
that trademark in the 60 other countries who are signatory countries of the Madrid
Protocol.
a. True
b. False
Upon termination of both limited and general partnerships, outside creditors have first
priority in terms of asset distribution.
a. True
b. False
Under workers’ compensation:
a. the employee loses the right to litigation against the employer for covered incidents.
b. employee fault controls compensation.
c.injuries by fellow employees are not covered.
d.none of the above
A covenant in the sale of a dry cleaning business that prohibits the seller from operating
a dry cleaning business anywhere in that state is too restrictive to be enforced.
a. True
b. False
The market definition controls whether there is market power.
a. True
b. False
Registration of a trademark in a Madrid member country is:
a. effective for that country only.
b. effective for all Madrid member countries.
c.not effective in the United States.
d.protected under the Berne convention.
Trade secrets:
a. are registered for 14 years.
b. are good for 75 years.
c.need not be registered to be protected.
d.are the same as trademarks.
A federal statute makes it a felony to engage in any commercial act involving the
“cruelty, wounding, or killing” of an animal or depicting anything being to an animal
that is prohibited by law. Robert Stevens ran a website that sold films of dog fighting,
many of which were films done in Japan where such activity is not illegal. He was
convicted of violating the federal statute. Stevens appealed his case on the grounds that
his First Amendment rights were violated because the statute was overly broad. What
theory of constitutional law would Stevens be using in his appeal?
a. Procedural due process
b. The Commerce Clause
c. Substantive due process
d. The Fifth Amendment
There is an absolute right to a jury trial in civil cases.
a. True
b. False
Choose the one with the correct ordering of rulemaking functions from among the
following:
a. enabling statute, comment period, studies of issues, promulgation
b. enabling statute, studies of issues, promulgation, comment period
c. enabling statute, studies of issues, comment period, promulgation
d. None of the above is in correct order.
The Fourth Amendment protections:
a. apply to individuals.
b. do not apply to corporations.
c. do not apply to corporate officers.
d.all of the above
Which of the following is not regulated by the FTC?
a. content accuracy
b. celebrity endorsements
c.performance claims
d.express warranties
e. All of the above are regulated by the FTC.
Which of the following forms of business organizations does not have the pass-through
feature of income and losses?
a. partnership
b. limited partnership
c.S corporation
d.corporation
Limited partners can take a management role and remain limited partners.
a. True
b. False
Affirmative action programs are required under Title VII.
a. True
b. False
Oil company executives are the highest paid CEOs annually.
a. True
b. False
The presence of a master-servant relationship determines whether or not a principal
must pay wage taxes and withhold income taxes.
a. True
b. False
Which of the following is not an indication of a company environment ripe for
unethical behavior?
a. intense competition threatening survival
b. employees with few or no personal values
c.employees who are independent
d.compensation incentive system tied only to sales
Adam Smith supported international trade because:
a. countries could focus on what they did well and then trade with other countries for
goods and services they did not do so well.
b. he felt tariffs were the best way to raise money for government purposes.
c. companies could operate without regulation.
d. none of the above
A hostile tender offer is made:
a. to the board of the target company.
b. to the shareholders of the target company.
c.through SEC communications to shareholders.
d.none of the above
Which of the following is a suggested policy on executive smartphone use?
a. A mandatory password requirement for smartphones.
b. A stated policy on deleting messages on smartphones.
c.Smartphone configuration and archiving policies.
d.All of the above.
A motion for a judgment NOV is heard by a court of appeals.
a. True
b. False
A NIMBY is a property owner who opposes development or certain land uses.
a. True
b. False
When Toyota delayed in issuing a recall for certain vehicles with suspected sudden
unintended acceleration problems, Toyota faced a(n):
a. legal but not ethical problem.
b. ethical but not legal problem.
c.ethical and legal problem.
d.public relations problem but no ethical or legal problems.
Employee protection against retaliation for reporting activities is a critical part of crime
prevention under U.S. guidelines.
a. True
b. False
ValuJet, Inc.is an airline based in Florida. The airline flies from Florida locations to
Atlanta to permit passengers to make connections to other airlines at that major hub. A
ValuJet plane crashed just outside of Orlando, Florida, killing all 110 occupants aboard
the flight. Among the 110 occupants was a family of 4 from Ohio, returning home from
a Florida vacation. If the family’s survivors wish to file suit against ValuJet, where
would a court have jurisdiction over ValuJet?
a. Ohio
b. Florida
c.Delaware
d.none of the above
The substantial evidence challenge cannot be used in cases where formal rule-making
procedures were followed.
a. True
b. False
Common law does not dictate amounts required for consideration.
a. True
b. False
Corporate political speech is afforded the same First Amendment protection as
individual political speech.
a. True
b. False
The UCC warranty of merchantability:
a. does not cover sales of food in restaurants.
b. can be disclaimed by using the term “as is.”
c.is made in every sale of goods.
d.none of the above
What remedies would the U.S. Fish & Wildlife Service have available for violations of
the Lacey Act?
a. Injunctions
b. Fines
c. Penalties
d. all of the above
During 2003, the White House asked its legal counsel for an interpretation of what
constitutes torture of prisoners of war and who is considered a prisoner of war. What
sources of law will the legal counsel need to consult?
a. federal statutes
b. international treaties
c.ordinances
d.both a and b