Unemployment benefits are not collectable when:
a. an employee leaves a job voluntarily because of pregnancy.
b. an individual is involuntarily terminated from his/her job.
c.you are seeking employment.
d.none of the above
Rent-a-judge hearings are private hearings arranged by the parties to a dispute.
a. True
b. False
Which of the following is not always a result of unethical behavior?
a. loss of trust
b. loss of goodwill
c.loss of profits
d.strained relations with regulators
Congress passed a law permitting those who were the victims of hate crimes to bring
suit in federal district court to recover from the perpetrators of the hate crimes. Such a
statute:
a. is a legitimate exercise of Congressional authority.
b. is an unconstitutional expansion of the Commerce Clause.
c. is constitutional so long as the state agrees.
d. is constitutional so long as there is an economic impact of hate speech.
e. none of the above
Which is a requirement for an express warranty?
a. use of the word “warrant” or “guarantee”
b. a description or promise of performance
c.written statement
d.must be made by a merchant
The Nike dispute dealt with the right of a company to publish editorials and letters to
the editor in its defense.
a. True
b. False
Sandra Laughlin is a reporter for the PhiladelphiaTribune. In an article in the
Tribuneabout Michael Jackson, a singer and resident of California, Laughlin wrote an
inaccurate statement about the singer’s relationship with actress Brooke Shields. The
PhiladelphiaTribuneis a Pennsylvania newspaper owned by a Pennsylvania corporation.
If Jackson wishes to file a libel suit (seeking $1 million in damages) against Laughlin
and the Tribune, the suit:
a. could be properly brought in federal district court.
b. must be brought in California.
c.must be brought in a state court.
d.none of the above
The communication between S and B must be evidenced by a record if any rights
related to the exchange can be enforced.
a. True
b. False
Which of the following suits could be properly heard in federal district court?
a. a suit between two contracting parties in one state over a UCC interpretation question
b. a suit for damages of $50,000 between a citizen of Oregon and a citizen of
Washington
c.a suit challenging the constitutionality of a state’s death penalty statute
d.all of the above
Which of the following is not a violation of the ECOA?
a. requiring a husband’s signature when his wife applies for a credit card
b. requiring disclosure of pregnancy
c.requiring disclosure of length of time at current job
d.requiring disclosure of marital status
e. All of the above are violations of the ECOA.
The Federal Privacy Act:
a. prohibits release of information (by public agencies) on individuals.
b. does not apply to all agencies.
c. provides a disclosure exemption for law enforcement purposes.
d. does not cover medical records.
Private parties can bring suit under the Federal Trade Commission Act.
a. True
b. False
How many federal district courts are there?
a. nine
b. at least one for every state
c.thirteen
d.none of the above
Business ethics is the application of standards for moral reasoning to business
dilemmas.
a. True
b. False
Section 10(b) applies only to:
a. stock exchange listed stores.
b. public corporations.
c.officers, directors, and 10 percent shareholders.
d.none of the above
Long-arm statutes:
a. give state courts automatic jurisdiction over out-of-state defendants.
b. have been ruled unconstitutional.
c.are simply procedural statutes that still require ?minimum contacts? for use.
d.none of the above
Which of the following types of agency relationships would have to be evidenced by a
record to be valid?
a. A power of attorney to close on a land transaction.
b. A power of attorney to close on the sale of a golf cart for $4,000.
c.A power of attorney to sign a six-month lease.
d.All of the above must be evidenced by a record for the agent to have authority.
Violations of federal environmental laws carry both civil and criminal penalties.
a. True
b. False
Dissolution:
a. is the same as termination.
b. can result from a limited partner leaving the partnership.
c.can result from the death of a partner.
d.all of the above
Pooling agreements are the same as voting trusts.
a. True
b. False
Case precedent is:
a. always followed.
b. followed if it is within the state.
c.examined in each case and is always followed.
d.part of the doctrine of stare decisis.
e. none of the above
Administrative agencies serve as courts for hearings on rule violations.
a. True
b. False
The use of someone’s photo for commercial purposes without their permission is
invasion of privacy.
a. True
b. False
The American Competitive and Workforce Investment Act of 1998:
a. limited the number of skilled workers allowed to enter the U.S.
b. increased the number of highly skilled workers allowed to enter the U.S.
c.prohibited the movement of U.S. factories overseas.
d.none of the above
The Fifth Amendment:
a. affords protection against self-incrimination.
b. can be used by a corporation.
c. can be used by officers to prevent disclosure of corporate records.
d.none of the above
The shareholders of Beazer Homes USA filed suit against the directors for the
compensation plan that the Board approved for officers that provided the officers with
bonuses despite the losses the company experienced and the continuing declines in
sales of homes. Which of the following is correct about the suit?
a. Shareholders are not permitted to sue their own directors.
b. Absent fraud or illegality, the shareholders have no rights against the directors.
c.The shareholders will need to establish a violation of the business judgment rule.
d.Unless the shareholders were harmed directly, they have no right to bring suit or
recover.
The regulatory cycle provides an opportunity for self-regulation during the latency
stage.
a. True
b. False
Which of the following contracts would have to have some form or writing or record to
be enforced?
a. A contract for the sale of a painting for $1,000.
b. A contract for employment for nine months.
c.A contract for advertising a house for sale for $50.
d.All of the above contracts would need to be in writing to be enforceable.
The Equal Pay Act:
a. prohibits merit systems.
b. prohibits seniority systems.
c.is a comparable worth statute.
d.none of the above
Ralph Waters is a developer who is interested in developing a planned adult mobile
home community in Mesa, Arizona. Ralph will need to incorporate and then learn the
procedures necessary to begin the development. What levels of law will affect Ralph?
What types of laws will apply to him?
All hearsay is inadmissible as evidence.
a. True
b. False
What is the standard for pollution control equipment under the 1990 Clean Air Act
amendments?
a. best available technology
b. maximum achievable control technology
c.current available technology
d.none of the above
Celebrity endorsements of products are deceptive unless the celebrity has used the
product.
a. True
b. False