Corporations incur the disadvantage of double taxation.
One of the major objectives of the Fair Labor Standards Act is the establishment of a
minimum wage that provides at least the foundation for a modest standard of living for
employees.
In the context of labor unions’ representation elections, a union, employee, or employer
initiates the formal organizing process by filing an election petition with the National
Labor Relations Board (NLRB).
Article 2 of the Uniform Commercial Code (UCC) regulates the sale of goods generally
as well as sales between merchants.
The Council of Europe has proffered the Convention on Cybercrime as an international
effort to address computer-facilitated crime.
According to the First Amendment, government may neither encourage nor discourage
the practice of religion generally, nor may it give preference to one religion over
another.
Under the Resource Conservation and Recovery Act, the provisions for nonhazardous
wastes are more supportive than punitive in tone and approach.
Google and Facebook and other advertising-driven business models sell their users’ data
to pay for the services they give without charge to their users.
Business was largely exempt from any affirmative duty for the resolution of social
problems until the 1950s when business scholars and critics began to encourage a
broader conception of corporate duty.
Article I provides in Clause 3 for the supremacy of federal law over state law.
The failing company doctrine permits a merger to preserve the assets of a firm that
would otherwise be lost to the market.
When competitors collude, conspire, or agree among themselves, they are engaging in
vertical restraints of trade.
In the 2007 Leegin case, the Supreme Court ruled that agreements specifying minimum
resale prices must be analyzed under the rule of reason.
Which of the following is a feature of the Americans with Disabilities Act (ADA)?
A. It seeks to remove employment barriers to provide a full, productive life for
individuals with disabilities.
B. It protects employees who are 40 years and older from employment discrimination
based on their age.
C. It requires an employer to make workplace accommodations for disabled employees
even if it results in an undue hardship for the employer.
D. It requires that pregnant employees be treated the same as all other employees with
permanent disabilities.
The _____ permits restrictions on goods and technology where selling goods to other
countries would harm national security, significantly advance U.S. foreign policy,
prevent an excessive drain of scarce materials, or reduce serious inflationary impacts
from foreign demand.
A. U.S. Export Administration Act
B. Foreign Country Subsidy Act
C. General Agreement on Tariffs and Trade
D. Free Trade Act
Which of the following is true of the Federal Trade Commission?
A. It has the authority to impose criminal sanctions on those found guilty as soon as a
citizen complaint is filed.
B. It operates as a miniature government with powerful quasi-legislative (rule-making)
and quasi-judicial (adjudication) roles.
C. It does not have the authority to enforce privacy provisions in laws addressing the
use of consumer credit reports.
D. It is solely responsible for enforcing many finance laws, including the Electronic
Fund
Transfer Act, the Equal Credit Opportunity Act, and the Fair Credit Billing Act.
Which of the following statements is true of lobbying in the United States?
A. It is illegal for lobbyists to approach politicians.
B. It is confined to the business community.
C. It has a negligible effect on political decisions.
D. It is an essential ingredient in big business strategy.
Which of the following statements is true of political action committees (PACs)?
A. PACs can only contribute to national elections, and not state elections.
B. Corporations cannot solicit contributions from employees and shareholders.
C. The money disbursed by PACs is part of the general corporate accounts.
D. PACs are only supposed to collect voluntary contributions.
The various horizontal restraints of trade are governed by the _____.
A. Robinson-Patman Act
B. Sherman Act
C. Clayton Act
D. Wagner Act
Which of the following statements is true of the Sherman Antitrust Act, 1890?
A. It provides injunctive relief under civil law.
B. It does not entail criminal penalties in case of any violations of the act.
C. It encourages monopolization.
D. It facilitates the practice of interlocking directorates.
Which of the following forms of jurisdiction imposes bounds on the classes of cases a
court may hear?
A. In personam jurisdiction
B. In rem jurisdiction
C. Subject–matter jurisdiction
D. Franchise jurisdiction
Predatory pricing:
A. involves pricing below cost until a competitor drops out and then raising those prices
to supracompetitive levels.
B. involves selling substantially identical goods at reasonably contemporaneous times
to different purchasers at different prices.
C. prevents distributors from selling to some classes of customers.
D. imposes nonprice restraints including where and to whom products may be resold.
An organization that contributes resources to the community and strives to improve the
quality of life for the community is most likely fulfilling the discretionary _____ of
Carroll€s Social Responsibility Pyramid.
A. ethical responsibilities
B. legal responsibilities
C. philanthropic responsibilities
D. economic responsibilities
A father may be morally committed to saving his son from a burning building rather
than saving another person who might do more total good for society. The action of the
father would be primarily dictated by the _____ ethical system.
A. teleological
B. deontological
C. utilitarian
D. consequentialist
Which of the following Acts was passed mostly as a response to anger over
discriminating treatment of women in the financial marketplace?
A. The Fair Debt Collection Practices Act
B. The Social Security Act
C. The Equal Credit Opportunity Act
D. The Mortgage Finance Act
_____ is a tool frequently used by courts, where the judges must try to weigh the
interest of the states against the expressive rights of the individual.
A. The balancing test
B. The exclusionary rule
C. Ad quod damnum
D. Erga omnes
Seventy percent of the toxic waste in the landfills comes from _____.
A. food items
B. medicines
C. electronics
D. industrial chemicals
The heart of the Truth in Lending Act (TILA) is the required conspicuous disclosure of
the amount financed, the finance charge, the annual percentage rate, and the number of
payments.
Which of the following is true regarding the Due Process Clauses?
A. They give Congress the power to regulate commerce.
B. The Due Process Clause of the 14th Amendment applies to the states.
C. They provide for the supremacy of federal law over state law.
D. The Due Process Clause of the Fifth Amendment sets up the executive branch,
headed by the president.
Employers often bear legal responsibility for employees’ accidents or wrongs. This
vicarious liability springs from the doctrine of _____.
A. stare decisis
B. res ipsa loquitur
C. caveat emptor
D. respondeat superior
In the context of drug testing, which of the following forbids unreasonable searches and
seizures?
A. The Fourth Amendment to the U.S. Constitution
B. The First Amendment to the U.S. Constitution
C. Title VII of the Civil Rights Act of 1964
D. National Defense Authorization Act
Which of the following is true of the Preamble?
A. It sets up the executive branch, which is headed by the president, and also
establishes the court system.
B. It addresses the relationship between the federal government and the states.
C. It identifies certain goals for our society, such as unity, justice, domestic tranquility,
and liberty.
D. It provides for the supremacy of federal law over state law.
For a debtor to be protected under the Truth in Lending Act (TILA), the credit obtained
must be above $25,000.
What are the implications of a union as an exclusive bargaining agent?
Discuss the assignment of Internet domain names.
Give a brief account of the creation of the Constitution of the United States.
Describe the role of tax laws in environmental protection in the United States.
List and describe the three defenses to negligence and their results if successful.