Employment quotas and affirmative action justified broadly by ‘societal discrimination”
are constitutional.
Maximizing right rather than good is the teleological standard.
The U.S. law is derived from three primary sources: constitutions, statutes, and
regulations.
Under Chapter 13 of the Bankruptcy Act, individual debtors are prohibited from
voluntarily seeking the protection of a court to arrange a debt adjustment plan.
Conversion is the situation in which enjoyment of one’s land is impaired because of
some tortious interference.
Market share alone will lead to antitrust action.
The Court in Capitol Records v. ReDIGI held that songs bought from Apple’s iTunes
and similar retailers cannot be resold by the original purchaser under the first sale
doctrine because the doctrine protects only the owner of a particular copy.
The General Agreement on Tariffs and Trade is now governed by the World Trade
Organization.
The Federal Trade Commission (FTC) has the authority to impose criminal sanctions on
businesses that engage in unfair and deceptive trade practices.
A contract is labeled executory when all parties have completed their performances.
The primary goal of the triple bottom-line approach is to ensure the maximum
short-term viability of an organization.
Under the Fair Labor Standards Act, employers must now pay double time for any work
beyond 40 hours per week.
The outsourcing of good, high-paid factory jobs from the United States to less
developed nations has fundamentally challenged and changed life in the country.
Unequal wage payments are lawful if paid pursuant to a seniority system.
In a civil trial process, a civil action begins when a plaintiff files his or her first
pleading, which is labeled a _____.
A. motion to dismiss
B. motion for summary judgment
C. demurrer
D. complaint
In international trade, which of the following doctrines applies the law of the
jurisdiction that has the greatest interest in the issue’s outcome?
A. The most significant relationship doctrine
B. The vesting of rights doctrine
C. The sovereign immunity doctrine
D. The governmental interest doctrine
Which of the following statements is true of the National Environmental Policy Act?
A. Its environmental provisions diminished federal presence in the promotion of a clean
and healthy environment.
B. It requires an environmental impact statement for all activities affecting the
environment, whether public or private.
C. Its primary influence results from its environmental impact statement (EIS)
requirements.
D. It was the first law that required a permit to discharge refuse into navigable waters.
Which of the following categories of law regulates the legal relationship among
individuals?
A. Public law
B. Administrative law
C. Constitutional law
D. Private law
Digi V, an electronics company, focuses on striking a balance between its profits and its
responsibility toward the environment. It uses biodegradable substances to manufacture
its products and has over the years attracted many loyal customers who are concerned
about the environment. The strategy used by Digi V is an example of the:
A. profit maximization approach.
B. monopolistic approach.
C. triple bottom-line approach.
D. shareholder approach.
Explain the purpose of the Electronic Fund Transfer Act (EFTA).
HealthPro Pharma Inc. released a new medicine that promised to cure heart diseases. A
few months later, it was found that patients who regularly took the medicine faced a
high risk of obesity and other related side effects. In this scenario, which of the
following federal agencies is empowered to remove the medicine from the market?
A. The Consumer Product Safety Commission
B. The Consumer Goods Forum
C. The Food and Drug Administration
D. The Federal Trade Commission
The doctrine that allows utilization of copyrighted material without permission under
some conditions, such as limited, nonprofit use in a classroom, is known as the:
A. first sale doctrine.
B. first purchase doctrine.
C. fair control doctrine.
D. fair use doctrine.
Which of the following is true of the H-1B visas?
A. The number of H-1B visas available annually is unlimited.
B. U.S. businesses have used the H-1B visa program to send American workers to other
countries.
C. In seeking an H-1B visa, an employer must affirm that the hiring will not harm
wages and working conditions of employees in similar jobs.
D. It brings workers for the non-skilled, non-technical jobs only.
From a profit maximization point of view, the only responsible and moral course of
behavior is to:
A. create shared value.
B. use a portion of profits for social benefits.
C. reap the highest return possible.
D. maximize the interests of all stakeholders and not only the shareholders.
According to critics, which of the following is the impact of an economic structure that
is concentrated?
A. Companies and industries are no longer fully responsive to market commands.
B. The government has been able to regulate powerful companies without much
trouble.
C. Concentrated structure has helped in increasing meaningful competitiveness in the
American market.
D. There has been a significant decrease in complaints about the corporate role in
pollution.
Which of the following acts ensured employers’ right to speak out in opposition to
union organizing-in effect, protecting their First Amendment right to freedom of
speech?
A. The Norris-LaGuardia Act
B. The Wagner Act
C. The Taft-Hartley Act
D. The Landrum-Griffin Act
A car manufacturer acquiring a tire manufacturing company would be an example of a
_____ merger.
A. congeneric
B. vertical
C. horizontal
D. conglomerate
Which of the following is true of coverage under the strict liability clause?
A. Some states limit strict liability recovery to new goods.
B. Coverage generally extends only to property damage.
C. Proof of actual fault is necessary to determine coverage.
D. The courts have made strict liability to exclusively cover design and warning defect
cases.
What is price discrimination? What are the defenses to a Robinson-Patman charge?
Identify and give an illustrative example of the two types of causation that must be
shown in a negligence case.
Define quid pro quo sexual harassment and hostile environment sexual harassment.
Give a brief account of the corporate social responsibility practice in the American way
of life.
Describe some of the factors that encourage unethical behavior in the workplace.
Explain the difference between per se antitrust violations and those analyzed under the
rule of reason.
Discuss the differences between substantive due process and procedural due process.
In the context of employment discrimination, how is a plaintiff’s prima facie case of
disparate treatment confirmed?
Contrast disparate treatment with disparate or adverse impact.