Contracts for services are governed by the Uniform Commercial Code (UCC).
Workers’ compensation provides a form of no-fault protection in the workplace.
The doctrine of sovereign immunity is based on the concept that “the king can do no
wrong.”
The U.S. Supreme Court has ruled that patents should not automatically be treated as
monopolies.
The Federal Trade Commission has expanded the definition of “personal information”to
include not just names, phone numbers, home and e-mail address, but also mobile
phone serial numbers.
A fully performed oral contract, not in compliance with the Statute of Frauds, will be
rescinded by the courts.
Any religious accommodation imposing more than a de minimis cost on an employer
represents an undue hardship and is not required by Title VII of the Civil Rights Act of
1964.
The United States was unsuccessful in using the cap-and-trade approach to reduce
sulfur dioxide emissions that were a major factor in the creation of acid rain.
The Constitution divides governmental power between the federal and state
governments.
Federal question jurisdiction requires an amount in controversy exceeding $75,000.
Throughout the United States, all public-sector employees have equal rights to strike.
Which of the following is the first global standard which measures companies’ social
and environmental records?
A. The North American Free Trade Agreement
B. The Social Accountability 8000
C. The International Organization of Standardization 9000
D. The Environmental Auditing Standards
What are the differences between legal picketing and illegal picketing under the
National Labor Relations Act (NLRA)?
Manufacturers and distributors often seek to specify the price at which their customers
may resell their products, a policy which is referred to as _____.
A. resale price maintenance
B. horizontal price fixing
C. price discrimination
D. predatory pricing
Which of the following is a form of imputed liability?
A. Qualified privilege
B. Restrictive covenant
C. Respondeat superior
D. Tag-along tort
Which of the following indicates an existentialist’s belief?
A. An existentialist believes standards of conduct can be objectively discovered.
B. An existentialist believes in strengthening Christian principles in the society.
C. An existentialist believes no actions are inherently right or wrong.
D. An existentialist believes conduct can be rationally justified.
_____ is a complete defense in defamation cases.
A. Negligence
B. Truth
C. Vicarious liability
D. Whistle-blowing
In a jury trial, the jurors in a panel are questioned by the judge or by the attorneys to
determine if any individual is prejudiced about the case such that he or she could not
reach an objective decision on the merits. This questioning process is called _____.
A. interrogatory
B. mens rea
C. voir dire
D. mini–trial
Which of the following statements is true of shared value advocates?
A. They believe that an entrepreneurial, profit-seeking, and capitalist approach is the
most beneficial way to correct social problems.
B. They expect businesses to recognize that their goal must be creating shared value
rather than profit per se.
C. They believe that nonprofit organizations are the most powerful institutions for
creating shared value among the members of the society.
D. They expect businesses to focus on maximization of profit and to propagate the
shared values of the immediate shareholders.
Which of the following best states the purpose of the Federal Trade Commission
(FTC)?
A. It was created to ensure that the American economy imports more than it exports.
B. It was created to prevent “unfair methods of competition and unfair or deceptive acts
or practices in and affecting commerce.”
C. It provides a mechanism to deal with the billing errors that accompany credit card
and certain other “open-end” credit transactions.
D. It was designed to shield debtors from unfair debt collection tactics by collection
agencies and attorneys who routinely operate as debt collectors.
Which of the following legal doctrines will the court apply if the owners of a
corporation fail to maintain a formal legal separation between their business and their
personal financial affairs?
A. Respondeat superior
B. Piercing the Corporate Veil
C. The Business Judgment Rule
D. The Rochdale Principles
A Canadian court may not declare invalid the acts of the Chinese government taken
within China’s own jurisdiction because it is presumed that the foreign country, China,
acted legally within its own territory. This is an example of which of the following
doctrines?
A. The act of state doctrine
B. The doctrine of sovereign immunity
C. The vesting of rights doctrine
D. The governmental interest doctrine
Which of the following acts forbids monopolies?
A. The Sherman Act
B. The Wagner Act
C. The Magnuson-Moss Act
D. The Sarbanes-Oxley Act
In order to protect against an employer’s abuse of power and to encourage exercise of
employees’ rights, _____ under Title VII of the Civil Rights Act of 1964 prohibits an
employer from discriminating against an employee for engaging in a protected activity.
A. fair trial provision
B. antiretaliation provision
C. due process provision
D. clawback provision
Which of the following are firms that specialize in acting as the intermediary between a
domestic business and purchasers in foreign countries, where the firm will take title to
the goods being sold and then complete the sale in the foreign country?
A. Export trading companies
B. Export management companies
C. Exclusive dealing companies
D. Export intermediary companies
Which of the following is a part of the general legal test for monopolization?
A. Monopoly as a consequence of a superior product
B. Growth or development as a consequence of historic accident
C. The existence of a natural monopoly in that industry
D. The willful acquisition or maintenance of monopoly power
What are the remedies available to victims of unlawful employment discrimination?
Briefly explain Family and Medical Leave Act.
Describe the doctrine of sovereign immunity. Explain how the doctrine has been
codified.
Explain “dumping” and give two reasons why a company might engage in dumping.
Describe the differences between the two classes of partners in a limited partnership.
Explain the differences among horizontal, vertical, and conglomerate mergers.
What is a bona fide occupational qualification (BFOQ)? How can an employer establish
a BFOQ?
List the potential problems with the partnership form of doing business.