The National Labor Relations Act recently changed labor laws related to closed-shop
arrangements, permitting labor unions to pursue closed-shop arrangements.
The Landrum-Griffin Act has regulated the manner in which unions represent
employees in the collective bargaining process.
In seeking an H-1B visa, an employer must affirm to the U.S. Department of Labor that
the hiring will not harm wages and working conditions of employees in similar jobs.
Online trading services provide professional guidance to investors.
Felonies are less serious crimes, such as petty theft, disorderly conduct, and traffic
offenses.
The primary threat to competition arising from vertical mergers is labeled market
foreclosure.
In the context of libertarianism, justice and fairness, right and wrong are measured not
by equality of results for all but from ensuring equal opportunity for all to engage in
informed choices about their own welfare.
In most labor -management bargaining cases, neither the company nor the union can
turn to the courts to set aside arbitration decisions.
Negligence is a substantial and unreasonable invasion of the private use and enjoyment
of one’s land.
Under strict liability, coverage generally extends to only personal injuries and not
property damage.
Which of the following acts prohibits broker voting unless specific instructions are
received from the shareholder?
A. The Private Securities Litigation Reform Act
B. The Securities Exchange Act
C. The National Securities Markets Improvement Act
D. The Dodd€Frank Act
The _____ contains a set of provisions often referred to as the “Bill of Rights” for
individual union members.
A. Norris-LaGuardia Act
B. Wagner Act
C. Sherman Antitrust Act
D. Landrum-Griffin Act
Catalina has been receiving threat messages from Steve, one of her Facebook contacts.
Steve has never met Catalina, but he has been tracking her activities on the social
network regularly. This is an example of:
A. cyberterrorism.
B. spear phishing.
C. cyberstalking.
D. VoIP spamming.
Which of the following is true of the Pregnancy Discrimination Act (PDA)?
A. It requires that pregnant employees be treated the same as all other employees with
temporary disabilities.
B. It compels an employee to reveal her pregnancy to a potential employer at the
interview.
C. It requires employees to quit their job during pregnancy.
D. It states that employees cannot be promoted during pregnancy.
Which act makes it unlawful to import goods bearing a trademark that has been
registered with the Patent and Trademark Office and that is “owned by a citizen of, or
by a corporation or association . . . organized within the United States” without the
permission of the mark holder?
A. The Tariff Act
B. The Wheeler-Lea Act
C. The Clayton Act
D. The Uniform Adoption Act
Which of the following falls under the “desired” category of Carroll€s Social
Responsibility Pyramid?
A. Philanthropic responsibilities
B. Economic responsibilities
C. Legal responsibilities
D. Ethical responsibilities
_____ are agreements that are so thoroughly one-sided that fairness precludes enforcing
them.
A. Yellow dog contracts
B. Quasi-contracts
C. Voidable contracts
D. Unconscionable contracts
When competitors agree not to deal with a supplier, customer, or another competitor, it
is referred to as a _____.
A. price differential
B. parallel conduct
C. tying arrangement
D. horizontal group boycott
Jenny is the CEO of a company that has been affected by an economic meltdown. She
realizes that the only way for her company to remain in business during the period of
recession is to cut costs drastically. She believes it would be better if all employees took
a 10 percent pay cut instead of laying off 10 percent of the workers. She feels this is the
correct decision as it would benefit the company and all the employees. Her approach is
primarily influenced by the _____ ethical system.
A. rule-utilitarian
B. libertarian
C. deontological
D. formalist
Which of the following sets up the executive branch, headed by the president?
A. Article III
B. Article IV
C. Article I
D. Article II
Which of the following is a permissive bargaining subject?
A. Wages
B. Internal union affairs
C. Working hours
D. Conditions of employment
_____ is a practice in which employers can hire only individuals who already belonged
to unions.
A. Closed-shop arrangement
B. Runaway shop arrangement
C. Agency shop arrangement
D. Open-shop arrangement
Which of the following statements is true of the strict liability law?
A. Strict liability law focuses on the condition of the product, rather than the conduct of
the parties.
B. Strict liability in tort imposes complete liability for damages from a defective
product on the injured consumer.
C. Strict liability law, to be applied, requires proof of negligence on the part of the
defendant.
D. Strict liability does not hold anyone in the chain of distribution liable for damages
from the defective product.
If Kohlberg was correct, a consequence of adults not passing beyond level 2, that is,
following rules only if it is in their own interest but letting others do the same and
conforming to secure rewards, of the six universal stages is that:
A. managers may behave unethically since they haven’t achieved moral maturity.
B. an individual is able to reach independent moral judgments that may or may not
conform with conventional societal wisdom.
C. a manager’s decision would be based on independently defined universal principles
of justice.
D. an individual may take an impersonal view on morality as against a voice that rises
from relationships and concern for the needs of others.
Which of the following acts is applicable to acquisitions combining domestic and
foreign firms and is potentially applicable to acquisitions not involving American firms
if the effect would harm competition in the American market?
A. The Sherman Act
B. The Clayton Act
C. The Sarbanes-Oxley Act
D. The Robinson-Patman Act
Which of the following is most likely to be a standard-essential patent?
A. A keyboard with a unique design
B. A technology that enables communication through satellite phones
C. A technology that enables enhanced voice recording in a smartphone
D. A wireless mouse for laptops
Which of the following statements is true of the Comprehensive Environmental
Response, Compensation, and Liability Act?
A. Cleanups may be carried out by the Environmental Protection Agency or private
parties.
B. It requires that parties involved in cleanups recover costs from the federal
government.
C. It attaches liability only with proof of both intent and negligence.
D. Potentially responsible parties are limited to present owners of the site.
Which of the following is a potential virtue of mergers?
A. A single merger can trigger a merger movement among industry competitors.
B. Mergers may permit stronger competition with previously larger rivals.
C. Mergers can significantly shape political affairs.
D. Mergers concentrate too much power in too few hands.
Which of the following is true of substantive unconscionability?
A. It primarily arises from lack of knowledge or lack of choice.
B. It occurs when a clause or contract does not provide a remedy for a breach.
C. It primarily arises when the parties to a contract have equal bargaining power.
D. It occurs when one party in a contract is spectacularly clever and the other is not.
A local steel plant workers’ union is in a dispute with Flag Steels Inc. In order to put
pressure on the owners of Flag Steel, the union threatens a client of Flag Steel. Which
of the following is true of this action?
A. It is a legal and effective way for the union to get its demands met.
B. It is a method that enjoys broad constitutional and statutory protection.
C. It is an unfair labor practice known as secondary picketing.
D. It is a peaceful, informational form of picketing for a lawful purpose.
Explain in detail the alternative theory of morality that involves decision making by
emotion or intuition.
Why is there a growing need to move beyond corporate social responsibility (CSR) to a
business model labeled creating shared value (CSV)?
What are the remedies for mergers determined to be anticompetitive?
Briefly describe the Kyoto Protocol. Has it been successful in achieving its fundamental
objective?
State the common law doctrine of “employment at will” and explain the limitations that
have eroded its influence.