Many employers provide employees with ______________and manuals that contain the
many policies of the firm.
A.employee handbooks
B.articles of association
C.memorandum of association
D.prospectus
Frequently, persons with knowledge of computers access the credit card numbers of
consumers who have made purchases on the Internet and use these credit card numbers
without authorization. This act constitutes the crime of:
A.identity theft.
B.credit card fraud.
C.false pretenses
D.credit card perjury.
In certain states, typical office basketball and football pools are examples of:
A.legal restraints of trade.
B.usurious agreements.
C.common office sports.
D.illegal gambling.
The CPA is a governmental body that stands for:
A.Consumer Protection Agency.
B.Consumer Proliferation and Administration.
C.Cost Protection Agency.
D.Customers and Purchasers Administration.
An agent is liable for losses to the principal resulting from the agent’s:
A.capital accumulation.
B.personal business.
C.incompetence.
D.explicit agreement.
A promise that a defective product will be repaired without charge within a reasonable
time after a complaint has been made is a:
A.full warranty.
B.limited warranty.
C.wagering agreement.
D.conversion.
Arrangements where employers allocate a specific amount of money for each of its
employees, who then select the particular benefit or package of benefits that best suits
their individual needs is known as a(n):
A.cafeteria plan
B. family plan
C. COBRA
D.HMO
Being unable to make binding contracts due to having an unsound mind and being
unable to safeguard ones own interests is ___________.
A.indecency.
B.indifference.
C.incompetency.
D.duress.
Anyone in possession of goods can create a bailment relationship and become a(n):
A.bailee.
B.bailor.
C.executor.
D.administrator.
The law makes it clear that the mistaken belief must concern a(n):
A.precedent.
B.existing fact.
C.belief.
D.overruled law.
An agreement in which the seller agrees not to begin or operate a similar business
within a certain geographic area, or within a specified period of time, is known as a(n):
A.service-level agreement.
B.agreement not to compete.
C.arbitration agreement.
D.nondisclosure agreement.
The common carrier delivers the goods to the party designated by the shipper, known as
the:
A.warehouser.
B.consignor.
C.trustee.
D.consignee.
In a business, there may be times when partners disagree on how the business should be
run. This serves as a(n):
A.lead.
B.stepping-stone.
C.disadvantage.
D.advantage.
The legal document formally creating an agency is called a:
A.general contract.
B.power of attorney.
C.deed.
D.guaranty.
The law requires that a common carrier must accept all shipments that it is authorized
to:
A.purchase.
B.handle.
C.sell.
D.lease
A legal doctrine known as “respondeat superior” is a Latin term meaning:
A.”let the employee beware.”
B.”let the court answer.”
C.”let the master answer.”
D.”let the employer beware.”
The status of a contract between a minor and an adult is generally:
A.subject to the minor’s disaffirmance.
B.voidable at the instance of either party.
C.voidable at the instance of a third party.
D.subject to the adult’s ratification.
To recover for breach of the implied warranty of fitness of purpose, a buyer must prove
all of the following, EXCEPT:
A.the seller knew or had reason to know the buyers purpose.
B.the seller knew or had reason to know that the buyer was relying on the sellers skill
or judgment.
C.the goods are fit for the ordinary purpose for which the goods are used.
D.the buyer relied on the sellers skill or judgment.
A form of joint ownership of property by husband and wife in which both have the right
to the entire property is a(n):
A.life estate.
B.ownership by severalty.
C.co-ownership.
D.tenancy by the entirety.
If a merchant refuses to appear before an administrative agency hearing:
A.his or her license cannot be granted.
B.his or her license can be revoked.
C.his or her license cannot be revoked.
D.his or her license can be granted.
The Foreign Corrupt Practices Act (FCPA) makes it clear that in order to violate the law
the payment must be made:
A.in cash
B.for the sale of goods.
C.corruptly
D. in the U.S.
The law concerning bailments provides for certain rights and duties of both bailor and
bailee, depending on the:
A.amount of the transactions.
B.nature of the business.
C.kind of bailment.
D.financial positions of the parties.
Federal legislation disallows most, but not all kinds of online:
A.gambling.
B.surfing.
C.monitoring.
D.screening.
A deliberate change of an important element in a written contract that affects the rights
or obligations of the parties is known as a(n):
A.mitigation.
B.breach of contract.
C.material alteration.
D.injunction.
The organization with responsibility to maintain a stable environment for the economies
and the currencies of its members is the:
A.World Trade Organization.
B.International Monetary Fund.
C.General Agreement on Tariffs and Trade.
D.North American Free Trade Agreement.
The two houses of Congress are the.
A.House of Representatives and the Senate
B.Internal Revenue Service and the Consumer Protection Agency
C.Supreme Court and the executive branch.
D.executive and legislative branches.
Some states have broadened the definition of arson to include the burning of a house by
its owner and the destruction of property by other means, such as by:
A.explosion.
B.vandalism.
C.mutilation.
D.enhancement.
Ethical issues involving the Internet and computer technology have prompted people to
consider ethical issues such as:
A.governance.
B.privacy.
C.discrimination.
D.apartheid.
If an agent commits any torts or crimes acting within the scope of his or her _______,
then both principal and agent may be held liable.
A.mental capacity
B.authority
C.knowledge
D.financial capacity
The continued use of (a) _________ often causes insects to become immune to the
chemical compounds.
A.pesticide
B.minerals
C.polluted water
D.nitrogen
The general rule regarding the effective date and time an acceptance becomes binding
is:
A.when the parties intend.
B.three days after receipt of the acceptance.
C.three days after acceptance is sent.
D.upon receipt by the offeree.
Many scientists believe that the increased burning of fossil fuels has loaded the
atmosphere with heat-trapping carbon dioxide creating global warming, a condition
known as (the):
A.pollution.
B.superfund.
C.greenhouse effect.
D.acid rain.