Jurisdiction refers to a court’s power and authority to hear a dispute.
Under the Fair Credit Billing Act, a creditor must acknowledge receipt of a consumer
complaint regarding an erroneous bill within 90 days.
Churches are strictly against employing standard business practices such as advertising,
promotional giveaways, and marketing campaigns.
The Federal Trade Commission’s primary legislative direction is in issuing trade
regulation rules to enforce the intent of broadly drawn congressional legislation.
The Sherman Antitrust Act forbids monopolization, attempts to monopolize, and
conspiracies to monopolize.
In the context of federal sentencing guidelines for corporate or white-collar crime,
companies involved in crimes do not receive reduced penalties even if they have
effective compliance programs in place.
Corporations are artificial persons created under the law of a state.
Appellate opinions are generally published in volumes called reporters.
A policy of conscious parallelism is not a violation of the Sherman Act.
The drastic increase in the number of people having access to the Internet has been
made possible, in part because of the relatively cheap access offered by cell phones in
comparison with the cost of computers.
Kant believed that every rational creature can act according to his or her categorical
imperative because all such persons have “autonomous, self-legislating wills” that
permit them to formulate and act on their own systems of rules.
In the context of the civil trial process, a counterclaim is the defendant’s assertion of a
claim of action against a codefendant.
Legal sufficiency for consideration depends not on whether a promisee suffered a
detriment in some way but on the value of the consideration.
A warranty is simply a non-contract-based guarantee.
Growth by merger is often more expensive than internal growth.
Which of the following debt collection practices would be legal under the federal Fair
Debt Collection Practices Act?
A. Using physical force on a debtor to recover debt
B. Making repeated phone calls to a debtor with the intent to harass
C. Contacting a debtor in an unfair, abusive, or deceptive manner
D. Contacting third parties for the purpose of locating a debtor
Which of the following established the Council on Environmental Quality, which serves
as an adviser to the president?
A. The North American Agreement on Environmental Cooperation
B. The Clean Water Act
C. The Protocol on Environmental Protection to the Antarctic Treaty
D. The National Environmental Policy Act
The _____ is commonly known as the Superfund.
A. Comprehensive Environmental Response, Compensation, and Liability Act
B. Clean Water Act
C. Clean Air Act
D. Resource Conservation and Recovery Act
Which of the following provides for amendments to the Constitution?
A. Article III
B. Article IV
C. Article V
D. Article VI
Which of the following statements is true of a limited liability partnership?
A. It is taxed like a general partnership.
B. No annual filings or fees are required.
C. To bring a limited liability partnership into existence, the owners file articles of
organization with the state.
D. It is more like a limited liability company than a general partnership.
Which of the following is a legal requirement for claim of workers’ compensation?
A. Proof of employer negligence
B. Injury sustained while on the job
C. Injury sustained off-site
D. Proof of employee negligence
_____ defense refers to a resistance tactic in which the target’s management uses
corporate cash to buy back the tender offeror’s current stake, with a significant premium
to “go away.”
A. Greenmail
B. Crown jewel
C. Poison pill
D. Golden parachute
For felony cases, the criminal procedure begins with the prosecuting officials either
filing an information or seeking a(n) _____ by bringing their charges before a grand
jury of citizens to determine whether the charges have sufficient merit to justify a trial.
A. arraignment
B. indictment
C. appeal
D. demurrer
A(n) _____ ethical system emphasizes the consequences of an act.
A. deontological
B. teleological
C. existential
D. libertarian
Conditions where the market will support only one firm or where large economies of
scale exist are termed _____.
A. oligopoly
B. oligopsony
C. monopsony
D. natural monopoly
Which of the following is likely to be a result if the corporate community takes an
increasingly direct role in the political process?
A. The process of globalization will be adversely affected.
B. The law-making and implementing process will be strengthened.
C. The pluralist, democratic approach to governance will be undermined.
D. The corruption levels will decrease.
The principle that is most likely to be followed by a utilitarian is:
A. the vision of ethics measured by the rightness of rules.
B. that what is right for one is right for all.
C. the greatest good for the greatest number.
D. that moral worth springs from one’s decision to discharge one’s duty.
Which of the following actions of a labor organization would be regarded as an unfair
labor practice as per Section 8(b) of the National Labor Relations Act?
A. Refusing to reach an agreement in a collective bargaining arrangement
B. Raising permissive subjects related to employment during the bargaining process
C. Trying to make an employer compensate workers for additional services rendered
D. Inducing an employer to engage in secondary boycott activities
Which of the following is a hazard of mergers?
A. Mergers do not offer tax advantages.
B. Mergers lead to too much power being concentrated in too few hands.
C. Mergers increase competition in the market.
D. Growth by merger is always more expensive than internal growth.
In December 2010, the Federal Communications Commission (FCC) issued new rules
on net neutrality to address net neutrality issues. Which of the following statements is
true of these rules?
A. Wired broadband services were permitted to block “lawful content, applications,
services, or non-harmful devices.€
B. Wireless broadband services were subject to the same disclosure rules as the wired
broadband services but were granted more leeway with regard to equal access.
C. Wired broadband services were permitted to block consumer access to lawful
websites that competed with their video telephony services.
D. Wireless broadband services were allowed to withhold information regarding
network performance.