Archives: Quiz

1) Common carriers can contract away their liability for damaged goods. 2) Under the principle of rights theory, one person’s principles are as “right” as another’s. Answer: F 3) More than two hundred years ago, the Declaration of Independence recognized […]

1) Comprehensive general liability insurance can encompass as many risks as the insurer agrees to cover. 2) Traditionally, a professional owed a duty only to those with whom the professional had a direct contractual relationship. Answer: T 3) The franchise […]

1) A foreign corporation normally does not need a certificate of authority to sell goods or services via the Internet or by mail. 2) Someone who finds abandoned property acquires title to it and that title is good against the […]

1) Under the Anti-Counterfeiting Trade Agreement, member nations are required to establish border measures that allow officials to search commercial shipments of imports and exports for counterfeit goods. 2) A quitclaim deed offers the most protection against defects in the […]

1) Given today’s global communications network, most companies can assume that their actions in other nations will go unnoticed. 2) Any federal, state, or local affirmative action program that uses racial or ethnic classifications as the basis for making decisions […]

1) Limited personal liability obviates the need to obtain for insurance for significant business liability risks. 2) A merger involves the legal combination of two or more corporations, after which both continue to exist. Answer: F 3) A forged signature […]

1) Some states require that a franchisor submit advertising aimed at prospective franchisees to the state for approval. 2) On a debtor’s default, he perfection of a security interest will not always protect a secured party against other third parties […]

1) In a manufacturing arrangement, a franchisor transmits to a franchisee the essential ingredients or formula to make a particular product. 2) If a bank wrongfully dishonors a cashier’s check, a holder can recover only the amount of the check. […]

1) The U.S. Constitution reserves to the federal government all powers not granted to the states. 2) An insurance company may require an applicant to give the company permission to access the applicant’s private medical records and credit ratings, for […]

1) A financing statement is an agreement that creates or provides for a security interest. 2) Insurance companies must spend at least 85 percent of all premium dollars from large employers on benefits and quality improvements. Answer: T 3) A […]

1) A party seeking to recover in quasi contract must show that he or she acted as a volunteer in conferring a benefit on another party. 2) An accountant is not required to discover every impropriety, defalcation, and fraud in […]

1) The federal criminal code lists more than four thousand criminal offenses, all of which require a specific mental state. 2) In the context of Section 16(b) of the Securities Exchange Act of 1934, insiders include officers, directors, and large […]

1) The verdict in a summary jury trial is not binding. 2) A broker is not an agent of the insurance company or the applicant. Answer: F 3) Directors cannot use corporate funds or confidential corporate information for personal advantage. […]

1) Under the UCC, a contract for a sale of goods that does not include the quantity will not fail for indefiniteness. 2) The contract term “free on board” indicates that the selling price of goods includes transportation costs to […]

1) If no children or grandchildren survive a decedent who dies without a will, a surviving spouse receives the entire estate. 2) Fungible goods are goods that are different naturally, by agreement, or by trade usage. Answer: F 3) In […]

1) The theft of trade secrets is a civil wrong but not a crime. 2) In most states, a director cannot be removed without cause unless the shareholders have reserved the right to do so at the time of election. […]

1) Securities offerings in unlimited amounts can be exempt from the registration requirements in certain circumstances. 2) Any agreement that restricts output among competitors is a per se violation of Section 1 of the Sherman Act. Answer: T 3) The […]

1) Courts are not obligated to follow precedents. 2) The most common way to acquire personal property is to produce it. Answer: F 3) A buyer’s failure to cover will bar him or her from using any other remedies available […]

1) For property insurance, the insurable interest must exist when a policy is purchased. 2) Normally, a corporate board of directors appoints itself as the first board at the time the corporation is created. Answer: F 3) Constructive delivery occurs […]

1) For an employer to successfully defend against a charge of a supervisor’s sexual harassment, the plaintiff-employee must have taken a tangible employment action against the supervisor. 2) On a partner’s dissociation, the partner’s duty of loyalty ends. Answer: T […]

1) A joint stock company is generally treated as a partnership. 2) The UCC applies only to the extent that it has been adopted a state. Answer: T 3) How property is taxed and what is required to transfer or […]

1) A contract that has been fully performed by the parties is called an executory contract. 2) A security agreement need not be in writing if the collateral is transferred to the secured party. Answer: T 3) Vesting gives an […]

1) A buyer who rightfully rejects nonconforming goods may obtain cover or cancel the contact, but may not seek damages. 2) In a phishing attack, a perpetrator “fishes” for financial data and passwords from consumers by posing as a legitimate […]

1) When a corporation earns profits, it must pass them on to shareholders in the form of dividends. 2) Credit can be denied solely on the basis of race. Answer: F 3) Generally, a corporation that purchases the assets of […]

1) Private parties can sue violators of Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 for rescission of a contract to buy securities. 2) To be effective, a gift causa mortis must meet only two […]

1) Laws and government regulations affect almost all business activities. 2) Under a life insurance policy, in the absence of contractual exclusion, any cause of death is one of the insurer’s risks. Answer: T 3) When one party breaches a […]

1) An accountant is always liable for a misleading statement that affects the price of a security, even if the accountant acted in good faith. 2) A concentrated industry is one in which either a single firm or a small […]

1) Corporate accountability can be increased by imposing strict disclosure requirements and harsh penalties for securities laws. 2) The sanctions imposed on criminal wrongdoers are the same as those applied in civil cases. Answer: F 3) Market power is the […]

1) Barbara remembers that Madrid is the capital of Spain, but she has no idea when or where she acquired this knowledge. Her __________ memory is accurate, but her __________ memory is incomplete. a. semantic ; episodic b. nonassociative ; […]

1) At any given time, many different schema control units may be activated. However, we can rarely carry out more than one unit at a time and must select the most appropriate one to translate into action. The units are […]

1) Loss of blood flow in the _________ is the most common cause of hemiplegia. a. anterior cerebral artery b. vertebral artery c. middle cerebral artery d. circle of Willis 2) Which characteristic of brain activity is promising for the […]

1) The corpus callosum a.permits communication between the two cerebral hemispheres. b. is the area of the cortex in which information about touch, pain, temperature, and limb position is processed. c.separates the temporal lobe from the frontal and parietal lobes. […]

1) Animals and humans are shown items that have a 75/25 probability of being in one of two categories. Which participants would perform the best on this task? a.intact humans b. intact animals c.right-hemisphere-damaged patients d. The groups listed above […]

1) When reading a series of statements such as “At the party, he was the first to start dancing on the table,” the_____________ is more active when making a personality inference as opposed to remembering the order of the statements. […]

1) The term decussation refers to a. a type of cerebrovascular accident that frequently damages motor structures. b. the shift in involvement from the premotor cortex to the supplementary motor area (SMA) with motor learning. c. the crossing of nerve […]

1) Functional MRI studies of ethical dilemmas suggest that_________decisions recruit working memory processes, whereas________decisions recruit emotional and social cognitive processes. a. personal ; impersonal b. impersonal ; personal c.moral ; ethical b. impersonal ; personal d. ethical ; moral 2) […]

1) Which of the following is NOT a type of corpuscle used for somatosensation? a.Merkel b. Calvert c.Meissner d. Pacinian 2) You conduct an experiment in which you expose a rat repeatedly to a 440 Hz tone and an electric […]

1) In general, increased activity in the anterior cingulate cortex has been observed when participants perform tasks that have any of the following properties EXCEPT a.the task requires planning and decision making. b. the task involves well-learned or automatic responses. […]

1) The primary visual cortex, or V1, is located in a. the striate cortex. b. Brodmann area 17. c.the calcarine fissure. d.all of the above. 2) Which of the following terms refers to the idea of a continuous mass of […]

1) The role of calcium ions (Ca2+) in synaptic transmission is to a.bind neurotransmitter molecules to the postsynaptic membrane. b.mediate the release of neurotransmitter molecules from the presynaptic neuron. c.repolarize the postsynaptic cell after transmission has been completed. d.increase the […]

1) Which of the following is an advantage of MEG (magnetoencephalography) over EEG (electroencephalography)? a.With MEG, current flow can be detected in any orientation. b. With MEG, the inverse problem can be avoided. c.With MEG, magnetic fields are not distorted […]

1) Yvette wants to figure out whether cells in two different layers of the occipital lobe have different functions. What would she have done if she had been a scientist in the early twentieth century? a.look at a CAT scan […]

1) The following is a sample stimulus shown briefly to a split-brain patient who has the typical pattern of language dominance. If you ask her to name the XOAect she sees, what will her answer probably be? a.Square. b. Circle. […]

1) The two cues that barn owls use to localize sounds are a.echolocation and interaural time. b.interaural time and interaural intensity. c.interaural intensity and interaural frequency. d.interaural frequency and echolocation. 2) Which of the following cells devour and remove damaged […]

1) One limitation of view-dependent theories of object recognition is that a. objects can be seen without a particular view. b. separate templates must be generated and stored for each different view of a given object. c. this approach argues […]

1) Wernicke is to__________as Broca is to__________ . a. understanding speech ; speaking b. speaking ; understanding speech c. aggregate field theory ; topographic organization d. aggregate field theory ; aggregate field theory 2) Which of the following is NOT […]

1) Keeles work with people with Parkinsons disease suggests that they may have difficulties in which of the following cognitive operations? a. discriminating scents b. spatial memory c. facial recognition d. set shifting 2) The primary visual pathway is best […]

1) Neural network models often a.have distributed processing. b. store information discretely in isolated and independent units. c.have static activation levels. d. are symbolic in nature. 2) Which statement below is both true and suggestive that chimpanzees and bonobos might […]

1) A blockage of the posterior cerebral arteries that resulted in brain damage would most likely cause a deficit in a. vision. b. motor function. c. somatosensation. d. speech. 2) Which term is used to describe an idiosyncratic union between […]

1) A patient has great difficulty in maintaining his posture, walking, and coordinating his movements. His brain injuries probably involve the a.cerebellum. b. corpus callosum. c.superior colliculus. d. third ventricle. 2) Franz and colleagues (1996) asked a patient who had […]