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Which of the following members of an agency requires Senate approval while being
appointed?
A. Secretary
B. Advisory council
C. General counsel
D. Chairperson
E. Executive director
Under the FLSA, the overtime pay for workers is:
A. at a rate of not less than two and one-half times the employee's regular rate of pay.
B. decided by the employer after mutual consent and agreement with the workers.
C. at a rate that is equal to the employee's regular rate of pay.
D. variable depending upon the particular job involved.
E. at a rate of not less than one and one-half times the employee's regular rate of pay.
A WARN notice covers a mass layoff involving loss of employment of _____ in a
_____ period.
A. 500 or more full-time employees; 30-day
B. 500 or more full- and/or part-time employees; 60-day
C. 500 or more full-time employees; 90-day
D. 500 or more full- and/or part-time employees;120-day
E. 450 or more full- and/or part-time employees; 120-day
A patent application must, address each of the following except:
A. it must explain how to make and use the invention.
B. it must show why it is different from all previous and related inventions or state of
art.
C. it must show a reasonable business plan for construction, sale, and distribution of the
invention.
D. it must precisely describe what aspects of the invention deserve the patent.
E. it must be addressed in words and drawings.
The _____ encourages international trade by maintaining stable foreign exchange rates
and works closely with commercial banks to promote orderly exchange policies with
members.
A. World Bank
B. World Trade Organization
C. General Agreement in Tariffs and Trade
D. International Monetary Fund
E. Convention on International Sale of Goods
Which of the following is true about amendments and basic protections?
A. Basic constitutional rights are absolute.
B. Constitutional rights do not vary from time to time.
C. Constitutional rights are not interpreted during emergencies such as war or civil
strife.
D. During peace time, constitutional principles are not reapplied.
E. Constitutional guarantees exist to protect the minority from the majority.
The _____ regulates transfers of securities after the initial sale.
A. Securities Exchange Act of 1934
B. Sherman Antitrust Act of 1890
C. Sarbanes-Oxley Act of 2002
D. Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
E. Securities Act of 1933
The mere existence of most government programs automatically creates a new agency
or expands the functions of an existing one. These agencies are providing _____.
A. specificity
B. expertise
C. protection
D. regulation
E. services
The FLSA:
A. as a general rule, sets 16 years of age as the minimum age for employment.
B. limits the number of hours worked by minors under the age of 18.
C. was amended in 2006 to increase penalties against employers who violate child labor
laws.
D. increased penalties from $10,000 to $50,000 for each FLSA violation leading to the
serious injury or death of a child worker.
E. increased fines which are subject to doubling for repeated or willful violations.
When various laws are not consistent, which of the following is given first priority?
A. United States Constitution
B. State laws
C. Local laws
D. United States laws
E. Uniform State laws
Which of the following is true of the role of jurors?
A. They determine the applicable rules of law relevant to the case.
B. They present the evidence and arguments to the juries and judges.
C. They apply the law to the facts.
D. They apply constitutional limitations and guarantees.
E. They determine the facts from conflicting evidence.
An important exception to the rule requiring consideration to support a promise is the
doctrine of _____. This doctrine arises when a promisee justifiably relies on a
promisor's promise to his or her economic injury.
A. firm offer
B. consideration
C. termination
D. promissory estoppel
E. accord and satisfaction
Which of the following prevents discrimination in credit extension based on sex, age,
race, religion, national origin, marital status, and receipt of welfare payments?
A. The Federal Trade Commission Act
B. The Fair Credit Reporting Act
C. The Truth-in-Lending Act
D. The Fair Debt Collection Practices Act
E. The Equal Credit Opportunity Act
Typically, mediators utilize the principles of:
A. positional bargaining.
B. fact bargaining.
C. option-based negotiation.
D. surface bargaining.
E. interest-based negotiation.
The EEOC was created by the:
A. Civil Rights Act of 1964.
B. 1972 Equal Employment Opportunity Act.
C. Americans with Disabilities Act.
D. Age Discrimination in Employment Act.
E. Civil Rights Act of 1991.
The Federal Insecticide, Fungicide, and Rodenticide Act:
A. requires registration and labeling of agricultural pesticides.
B. requires licensing of operators using pesticides.
C. prohibits the use of pesticides near schools.
D. takes into account the economic and environmental, but not the social, costs and
benefits of the use of any pesticide.
E. applies to pesticides U.S. manufacturers ship to foreign countries.
Which employers are covered under the Genetic Information Nondiscrimination Act?
A. Employers with 15 or more employees
B. Government contractors
C. Government contractors with 250 employees
D. All employers regardless of size or government affiliation
E. Private contractors
Most of our every day purchases involve:
A. implied concurrent conditions.
B. express conditions precedent.
C. express conditions subsequent.
D. implied conditions precedent.
E. implied conditions subsequent
The regulatory center for federal consumer protection is the:
A. United States Consumer Product Safety Commission.
B. Bureau of Consumer Protection.
C. Federal Consumer Protection Agency.
D. Bureau of Consumer Trade.
E. Department of Consumer Affairs.
Which of the following is a national group of senior business leaders that has identified
a general list of XOAXOAs that organizational codes of business ethics should cover?
A. The Corporate Deciders
B. The Business Roundtable
C. National Business Ethics Survey
D. The Board of Review
E. The Springfield Armory
The Public Company Accounting Oversight Board was created by the:
A. Securities Act of 1933.
B. Securities Exchange Act of 1934.
C. Security Fraud Enforcement Act.
D. Sarbanes-Oxley Act.
E. Sherman Act.
A(n) _____ is designated as such at the time of nomination by the president and is the
presiding officer at agency meetings.
A. secretary
B. advisory council
C. general counsel
D. chairperson
E. executive director
The determination that a crime has been committed and that the evidence presented is
sufficient to warrant the accused's standing trial is known as _____.
A. presumption of innocence
B. nolo contendere
C. indictment
D. double jeopardy
E. probable cause
When a product is sold only on condition that the buyer also purchases a second
different product from the seller, the transaction is called a/an:
A. executory contract.
B. exclusive dealing contract.
C. reciprocal dealing agreement.
D. tying agreement.
E. licensing agreement.
_____ regulates interstate and foreign communications by means of radio, television,
wire, cable, and satellite.
A. FCC
B. FTC
C. CPSC
D. EEOC
E. FERC .
Which of the following statements holds true for a WARN notice in cases involving the
sale of a business?
A. Any required notice prior to the sale being completed is the responsibility of the
seller.
B. The seller of the business holds the responsibility of issuing a WARN notice even
after the date of the closing.
C. A failure on the part of the seller to issue a WARN notice results in a $1,000 fine.
D. The seller has to provide written notice to the federal government within 90 days
before the sale of the business.
E. The sale of a business mandatorily requires the WARN notice.
Your school decides to expand and open a new campus in another state. Rather than
acquiring land and building new buildings, the school board decides to merge with an
existing school that has similar programs in the other state. The school you're merging
with is a small commuter school with no dorms. 98% of its students are not only instate,
but from the city the school is located in. This merger would be best described as a:
A. vertical merger.
B. geographic market extension merger.
C. product market extension merger.
D. horizontal extension merger.
E. conglomerate merger.
Radford Co. hired Leeds Associates, a law firm, to manage their legal matters. In this
contract, Leeds Associated is a/an _____.
A. principal
B. agent
C. third party
D. independent contractor
E. cyber agent
Which of the following is an issue of administrative agencies that relates to the people
involved?
A. The volume of rules adopted by agencies is beyond the ability of the business
community to keep up with and comply with.
B. The reward system usually does not make a significant distinction between excellent,
mediocre, and poor performances.
C. The administrative process is overwhelmed with paperwork and with meetings.
D. Enforcement of some laws varies over time.
E. There is often a lack of enforcement procedures to follow up on actions taken to
ensure compliance.
The Foreign Sovereign Immunities Act ______:
A. codifies the modern-traditional theory of trade and tariffs.
B. provides immunity for private acts.
C. rejects immunity for commercial acts carried on in the countries trading with the
U.S.
D. provides immunity for commercial acts having direct effects in the U.S.
E. rejects immunity for commercial acts carried on in the U.S.
Which of the following is true of arbitration?
A. The record of proceedings is available to the press and others.
B. The decisions arising from arbitration are binding on the parties.
C. Arbitration cannot be imposed on the disputing parties.
D. The parties themselves resolve all the matters of contention, without the intervention
of a third party.
E. The arbitrator need not be a disinterested party.
Which of the following legislations prohibits any physician the legal right to prescribe
controlled substances for the purpose of assisting suicide?
A. ODWDA
B. TADA
C. CSA
D. WDWDA
E. DDNC
