Archives: Quiz

Arleen Ray is starting a new business. She will operate a children’s clothing store and will need to cover the store with sales help from 10:00 AM to 9:00 PM Monday through Friday and from 1:00 PM to 6:00 PM […]

Which of the following sections of the U.S. Constitution establishes the judicial branch of government? a. Article I b. Article II c. Article III d. none of the above Sarbanes-Oxley requires all covered companies to have a code of ethics […]

Unemployment benefits are not collectable when: a. an employee leaves a job voluntarily because of pregnancy. b. an individual is involuntarily terminated from his/her job. c.you are seeking employment. d.none of the above Rent-a-judge hearings are private hearings arranged by […]

“Jordache” was a trademark for designer jeans that were popular in the 1980s. A manufacturer that produced jeans for largersized women named their jean product “Lardashe” and used a smiling pig as part of its logo with its name. The […]

Most-favored-nation status is: a. part of the GATT treaty. b. part of United States’ trade policy only. c. is only part of EU governance. d. none of the above Federal agencies are exempt from Title VII. a. True b. False […]

Which of the following defenses to negligence serves as a complete bar to recovery? a. comparative negligence b. contributory negligence c.both a and b d.none of the above What might explain why the restaurant isn”t named in the lawsuit? a. […]

Transfer restrictions: a. must be noted on the stock to be valid. b. are generally valid only in family-owned corporations. c.cannot be used to satisfy SEC restrictions. d.none of the above The EPA’s emissions offset policy: a. is used in […]

Foreign businesses engaging in commercial activity in the United States are not subject to U.S. antitrust laws. a. True. b. False Corporations cannot make political contributions because of First Amendment constraints. a. True b. False Answer: False In mediation, the […]

The USA Patriot Act: a. has been declared unconstitutional. b. expanded the Money Laundering Control Act. c. applies only to banks. d.none of the above Conscious parallelism negates market forces. a. True b. False Answer: True The Rehabilitation Act of […]

Which of the following reports the opinions of federal district courts? a. FederalSupplement b. FederalReporter c.Federal district court opinions are not reported. d.none of the above Scalping ordinances are an example of criminal laws. a. True b. False Answer: True […]

To obtain the protections and benefits of the sentencing guidelines, companies must have some form of anonymous reporting. a. True b. False Title VII discrimination provisions apply only to employers with 50 or more employees. a. True b. False Answer: […]

There can be infringement of patents, copyrights, trademarks, trade names and trade dress. a. True b. False McCain-Feingold refers to the Bipartisan Campaign Reform Act of 2002. a. True b. False Answer: True Warrants are not required in cyberspace. a. […]

Most companies have its employees sign non-disclosure agreements to try to insure silence when the employee no longer works there. a. True b. False A horizontal merger is a merger among competitors. a. True b. False Answer: True The Corruptions […]

Implied contracts are unenforceable. a. True b. False Ellen Benson has been operating a small catering business out of her home. Business growth is now requiring an office and kitchen facilities. Before expanding facilities, Ellen wishes to incorporate her business. […]

Which of the following is correct about Lakes’ policy on Facebook access? a. The monitoring may be overly broad. b. The monitoring may be prohibited in certain states. c.The monitoring policy may not fit within current legal standards. d.The monitoring […]

The “likelihood of confusion” standard is used: a. in copyright cases. b. in patent cases. c.in trademark infringement cases. d.none of the above Only consumers have rights of comment during the public comment period. a. True b. False Answer: False […]

Which is not a role administrative agencies play? a. rule making b. enforcement c. adjudication d. Administrative agencies play all of the above roles. Closing arguments are: a. presented by the judge. b. part of the jury instructions. c.presented by […]

The term “AS THEY STAND” serves to disclaim: a. the implied warranty of merchantability. b. the implied warranty of fitness for a particular purpose. c.both a and b d.none of the above unless it is in writing A primary offering […]

Sexual harassment is a form of interpersonal as well as organizational abuse. a. True b. False Anna feels, after negotiating her first few plumbing contracts, that there is a pricing conspiracy involving other plumbing contractors that keeps her from really […]

The Sherman Act does not apply unless sales across state lines are involved. a. True b. False Which of the following acts established the NPDES system? a. Water Pollution Control Act of 1948 b. Water Quality Act c.Rivers and Harbors […]

Predatory pricing is: a. pricing below cost. b. per se illegal. c.price discrimination. d.none of the above Which of the following is not an element of the crime of embezzlement? a. intent to take property b. taking property permanently c. […]

The CISG: a. is the contract law of the EU. b. is part of GATT. c. was drafted by a commission of the United Nations. d. has been adopted in virtually every nation. The solicitation of credit card customers is […]

Which of the following phrases is an express warranty? a. “boned chicken” b. “Maine’s finest” c.”Best in the West” d.All of the above are express warranties. The Fair Labor Standards Act is often called the minimum wage law. a. True […]

ERISA was passed to regulate employee pension and retirement plans. a. True b. False When the UTSA does not apply, recovery for taking a trade secret: a. does not exist. b. may exist for breach of loyalty. c.may exist for […]

Resale price maintenance occurs when: a. the manufacturer suggests retail price. b. minimum prices are enforced. c.consignment arrangements control prices. d.all of the above All WTO members follow the 20-year period of patent protection. a. True b. False Answer: True […]

Jim Ream is a freshman at Woise State. Jim is a computer whiz and has found a way to download movies from DVDs and then transfer the files to others. “But, Jim,” you tell him, “that Grokster thing made all […]

Citations are a form of legal shorthand for referring to statutes, ordinances, and cases. a. True b. False When Hilton Hotels hired Ross Klein and Amar Lalvani from Starwood Hotels, Klein and Lalvani took many electronic documents with them from […]

Penalties for corporate officers under Sarbanes-Oxley include: a. 5-20 years for mail and wire fraud. b. 1-10 years for violation of fiduciary duties. c. a maximum penalty of $5,000. d.both a and b Galley, Inc.has a contract for operating the […]

The prohibitions on sex discrimination apply only to: a. job hiring decisions. b. promotions. c.wage increases. d.a, b, and c e. none of the above Russ Belmont is a staff accountant at a bank in the downtown Phoenix area. Belmont […]

When a case is remanded, the lower court must conduct additional proceedings. a. True b. False Under Sarbanes-Oxley, current employees are not considered independent for purposes of board structure. a. True b. False Answer: True There are both federal and […]

Which of the following statutes was the first federal antitrust statute? a. Clayton Act b. Sherman Act c.Federal Trade Commission Act d.none of the above The implied warranty of merchantability (unless disclaimed) is given in every sale of goods by […]

Sarbanes-Oxley is the most extensive regulation of companies since the 1933 and 1934 Securities laws. a. True b. False The Americans with Disabilities Act applies to all employers. a. True b. False Answer: False Enforcement of federal administrative regulations: a. […]

How would the city have discovered the PCE on the property prior to its valuation for condemnation? a. Through inspection of the property and the presence of a dry-cleaning establishment. b. Through land records tracing ownership of the dry-cleaning establishment. […]

Insider trading rules apply to information exchanged over the Internet and chat rooms. a. True b. False SOX is the shorthand for the Sarbanes-Oxley business crime legislation. a. True b. False Answer: True Under federal law, ISPs are not permitted […]

Sovereign immunity provides that our court system cannot be used to right injustices in other countries. a. True. b. False The Antitrust Improvements Act gave the Justice Department broader investigative authority. a. True b. False Answer: True The Clayton Act […]

Sanctions that can be imposed by agencies include: a. injunctions. b. fines. c. loss of license. d. all of the above Which of the following is not an ethical breach? a. taking things that do not belong to you b. […]

Once a U.S. company has a registered trademark in the United States, it can register that trademark in the 60 other countries who are signatory countries of the Madrid Protocol. a. True b. False Upon termination of both limited and […]

Business ethics provides a guarantee of profitability. a. True b. False With respect to the facts in number 80, the newspaper ad: a. is an offer. b. is not an offer. c.is a merchant’s firm offer. d.cannot be revoked. e. […]

Which of the following is correct? a. The merger proposed is a vertical one. b. The merger proposed is a horizontal one. c.The merger is simply an asset acquisition. d.The merger is exempt under the failing company doctrine. Lowe’s advertised […]

Goods sold by an authorized dealer beyond the dealer’s authorized territory or quantity are: a. knockoff goods. b. gray market goods. c.infringed goods. d.none of the above The Sotheby’s Christie’s case illustrates, among other things, that companies will sacrifice its […]

A witness in a high profile criminal trial is a public figure. a. True b. False The SEC prohibits an analyst from issuing a report that is contrary to the analyst’s true opinion about a security. a. True b. False […]

Both formal and informal rulemaking processes include public hearings. a. True b. False Under the FOIA, agencies are not permitted to charge for copying costs. a. True b. False Answer: False The assignment of limited partnership interests: a. is prohibited […]

The Family Medical and Leave Act provides twelve weeks of paid leave in certain circumstances. a. True b. False A summons is served on a defendant and a subpoena is served on a witness. a. True b. False Answer: True […]

Limitations on bidding are permitted in professional bids such as in architecture and service contracts. a. True b. False An agreement among competitors for elimination of bidding is a violation of federal antitrust laws. a. True b. False Answer: True […]

Voirdireis: a. the process for screening prospective jurors. b. the same as venue. c.used if peremptory challenges are planned. d.the same as a judgment NOV. e. none of the above The Norris-LaGuardia Act is: a. also known as the Anti-Injunction […]

The above book contract must be in writing to be valid. a. True b. False Transmission of an NFL game to Canada by satellite is a violation of United States copyright laws. a. True b. False Answer: True The EPA […]

The implied warranty of fitness for a particular purpose requires reliance by the buyer on the seller’s expertise. a. True b. False Agents are liable to principals for negligence in performing their duties. a. True b. False Answer: True Limited […]

Nuisance is a common law anti-pollution doctrine. a. True b. False Partners’ personal assets can be reached by partnership creditors. a. True b. False Answer: True Close corporations have less formality in their operational requirements. a. True b. False Answer: […]

What authority would the state of Arizona claim for passing a mandatory seat belt law requiring anyone traveling in Arizona to put on his/her seat belt? a. preemption clause b. police power c. the nexus power d. none of the […]

“Negligence in the air” is the standard of liability the Palsgrafcase established. a. True b. False The Superfund is available to private citizens through the filing of a lawsuit. a. True b. False Answer: False Specific performance is an equitable […]