BUS 3305 Business LAW AND Ethics final exam PDF

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Question 1CorrectMark 1 out of 1.Flag question Question text Creative expression is protected by: Select one: a. copyright laws. b. trademark laws. c. trade secret laws. d. patent laws. Feedback The correct answer is: copyright laws.Question 2Correct Mark 1 out of 1.Flag question Question text The e...

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Question 1 Correct Mark 1.00 out of 1.00

Flag question Question text Creative expression is protected by: Select one: a. copyright laws.

b. trademark laws. c. trade secret laws. d. patent laws. Feedback The correct answer is: copyright laws.

Question 2 Correct Mark 1.00 out of 1.00

Flag question Question text The employment-at-will doctrine in the United States means an employee can be fired for any of the following reasons EXCEPT: Select one: a. The boss believes the employee is lazy. b. The boss doesn't like how the employee smells.

c. The boss is a member of a different ethnic group than the employee.

d. The boss comes to work and decides she just doesn't want the employee around anymore. Feedback The correct answer is: The boss is a member of a different ethnic group than the employee.

Question 3 Correct Mark 1.00 out of 1.00

Flag question Question text Corporations sell ownership interests in the form of: Select one: a. membership interests. b. partnership interests. c. bonds. d. stock.

Feedback The correct answer is: stock.

Question 4 Correct Mark 1.00 out of 1.00

Flag question

Question text Substantial performance is generally all that is required for: Select one: a. service contracts.

b. bilateral contracts. c. unilateral contracts. d. sale of goods. Feedback The correct answer is: service contracts.

Question 5 Incorrect Mark 0.00 out of 1.00

Flag question Question text A labor contract is: Select one: a. A private contract between an individual employee and an employer.

b. A legislatively created contract between a group of employees and an employer. c. A private contract between an employer and a labor organization. d. A public contract between an employer and a labor organization. Feedback The correct answer is: A private contract between an employer and a labor organization.

Question 6

Correct Mark 1.00 out of 1.00

Flag question Question text If a sole proprietorship owes money to creditors: Select one: a. the owner is personally liable.

b. the owner is only liable to the extent of his or her investment. c. the owner has no liability. d. investors are only liable to the extent of their investments. Feedback The correct answer is: the owner is personally liable.

Question 7 Incorrect Mark 0.00 out of 1.00

Flag question Question text One drawback to mediations is that: Select one: a. it is usually more expensive than going to court. b. the parties are forced to reach an agreement.

c. both parties must be willing to reach an agreement.

d. the mediation is binding on the parties. Feedback The correct answer is: both parties must be willing to reach an agreement.

Question 8 Correct Mark 1.00 out of 1.00

Flag question Question text An offer is characterized by all of the following EXCEPT: Select one: a. may be withdrawn after the offer is accepted.

b. creates the power of acceptance in another party. c. includes the agreement's essential terms. d. must contain terms that are definite and certain. Feedback The correct answer is: may be withdrawn after the offer is accepted.

Question 9 Incorrect Mark 0.00 out of 1.00

Flag question Question text

Arbitration most closely resembles: Select one: a. negotiation.

b. mediation. c. litigation. d. criminal prosecution. Feedback The correct answer is: litigation.

Question 10 Correct Mark 1.00 out of 1.00

Flag question Question text Benefits of mediation include all of the following EXCEPT: Select one: a. the relative expediency of reaching a resolution. b. the reduced costs as compared to litigation. c. the outcome is in the hands of a neutral decision-maker.

d. the voluntary nature of participation. Feedback The correct answer is: the outcome is in the hands of a neutral decision-maker.

Question 11 Correct Mark 1.00 out of 1.00

Flag question Question text A tenancy-in-common is an ownership interest: Select one: a. that may be transferred upon death. b. in which the surviving owner has the right of survivorship. c. in which all owners have an undivided interest in the property, equal rights of possession, and a devisable interest.

d. which is a type of of joint tenancy that can only occur between a husband and wife. Feedback The correct answer is: in which all owners have an undivided interest in the property, equal rights of possession, and a devisable interest.

Question 12 Incorrect Mark 0.00 out of 1.00

Flag question Question text In a civil law jurisdiction: Select one: a. only the lawmaking body makes law. b. judges participate in making law. c. law may be created by judicial interpretation.

d. the law follows the model of British law. Feedback The correct answer is: only the lawmaking body makes law.

Question 13 Correct Mark 1.00 out of 1.00

Flag question Question text Legal scholar Cass Sunstein had proposed that communities work around ideological disputes over codes of ethics by: Select one: a. developing a single core paradigm. b. forcing commitment to one ideology. c. marshaling arguments to defend separate core beliefs. d. developing incompletely theorized agreements.

Feedback The correct answer is: developing incompletely theorized agreements.

Question 14 Incorrect Mark 0.00 out of 1.00

Flag question Question text

According to Milton Friedman, to say that an executive is exercising corporate responsibility means that the executive: Select one: a. is to act in some way that is not in the interest of his employers. b. is conforming to accepted ethical principles. c. is properly acting on behalf of the higher social good. d. is acting as the conscience of the organization.

Feedback The correct answer is: is to act in some way that is not in the interest of his employers.

Question 15 Incorrect Mark 0.00 out of 1.00

Flag question Question text To ensure fundamental fairness and decency in government actions, governments must guarantee: Select one: a. complete equality.

b. local control. c. freedom of trade. d. due process. Feedback The correct answer is: due process.

Question 16

Correct Mark 1.00 out of 1.00

Flag question Question text Essential elements of a contract include all of the following EXCEPT: Select one: a. offer and acceptance. b. consideration. c. capacity. d. writing.

Feedback The correct answer is: writing.

Question 17 Correct Mark 1.00 out of 1.00

Flag question Question text When a corporation acts ultra vires, it is: Select one: a. acting within its legal authority. b. committing a crime. c. acting outside its legal authority.

d. acknowledging its social responsibility. Feedback The correct answer is: acting outside its legal authority.

Question 18 Correct Mark 1.00 out of 1.00

Flag question Question text Which of the following may result in the tort of battery? Select one: a. A surgeon performs surgery on a person who did not want it.

b. A car driver playing with her radio runs into a pedestrian. c. A man playing football kicks the ball into someone's face while trying to score. d. A man sees someone he dislike and attempts to punch the person but misses. Feedback The correct answer is: A surgeon performs surgery on a person who did not want it.

Question 19 Correct Mark 1.00 out of 1.00

Flag question Question text

The body of rules enforced by a government authority is called: Select one: a. customs. b. social restrictions. c. law.

d. orders. Feedback The correct answer is: law.

Question 20 Incorrect Mark 0.00 out of 1.00

Flag question Question text In the Code of Hammurabi, the right to govern is derived from: Select one: a. the will of the people.

b. free and open elections. c. religious authority. d. control of the use of force. Feedback The correct answer is: religious authority.

Question 21 Incorrect Mark 0.00 out of 1.00

Flag question Question text In a labor contract, management rights usually include all of the following decisions EXCEPT: Select one: a. When to terminate the contract. b. The corporations' structure. c. Levels of production. d. Plant size.

Feedback The correct answer is: When to terminate the contract.

Question 22 Incorrect Mark 0.00 out of 1.00

Flag question Question text The transfer of rights under a contract is called: Select one: a. Delegation.

b. Breach. c. Waiver. d. Assignment.

Feedback The correct answer is: Assignment.

Question 23 Correct Mark 1.00 out of 1.00

Flag question Question text In the law of negligence, which kind of cause asks whether injury is foreseeable? Select one: a. But-for cause. b. Proximate cause.

c. Causation in fact. d. Subsequent cause. Feedback The correct answer is: Proximate cause.

Question 24 Correct Mark 1.00 out of 1.00

Flag question Question text In employment law, a "protected class" is: Select one:

a. a category of employees who cannot be fired. b. a legislatively created category of workers protected from unfavorable employment actions.

c. the category of employees who are employed under an employment contract. d. the category of employees who can be hired at will be employers. Feedback The correct answer is: a legislatively created category of workers protected from unfavorable employment actions.

Question 25 Correct Mark 1.00 out of 1.00

Flag question Question text Typical terms of an employment contract include all of the following EXCEPT: Select one: a. the term of employment. b. the employee is free to quit at any time.

c. the responsibilities of the employee. d. a nondisclosure clause. Feedback The correct answer is: the employee is free to quit at any time.

Question 26 Correct Mark 1.00 out of 1.00

Flag question Question text In general, laws against discrimination in employment apply in which of the following situations? Select one: a. An employee is fired for coming work with green hair. b. A modeling agency fires a model it determines is not attractive enough. c. An employee is fired for disagreeing with the boss about a celebrity scandal. d. An employee is fired because of his religion.

Feedback The correct answer is: An employee is fired because of his religion.

Question 27 Incorrect Mark 0.00 out of 1.00

Flag question Question text Members of a partnership have __________________ liability. Select one: a. no b. limited

c. joint and several d. joint only

Feedback The correct answer is: joint and several

Question 28 Correct Mark 1.00 out of 1.00

Flag question Question text Traditional intentional torts include all of the following EXCEPT: Select one: a. assault. b. battery. c. misappropriation. d. malpractice.

Feedback The correct answer is: malpractice.

Question 29 Correct Mark 1.00 out of 1.00

Flag question Question text Every owner in a general partnership is: Select one:

a. protected from liability for partnership obligations. b. jointly and severally liable for the debts and obligations of the organization.

c. not subject to liability for the debts of the partnership. d. protected from liability except for the general partner. Feedback The correct answer is: jointly and severally liable for the debts and obligations of the organization.

Question 30 Correct Mark 1.00 out of 1.00

Flag question Question text Friedman says that the doctrine of "social responsibility" involves the acceptance of the view that: Select one: a. the distribution of scarce resources is an appropriate function of a free market. b. market mechanisms are the appropriate way to determine the allocation of scarce resources to alternative uses. c. political mechanisms are the appropriate way to determine the allocation of scarce resources to alternative uses.

d. a corporation only has a responsibility to make a profit and serve the interest of its shareholders. Feedback The correct answer is: political mechanisms are the appropriate way to determine the allocation of scarce resources to alternative uses.

Question 31 Correct Mark 1.00 out of 1.00

Flag question Question text Insider trading is considered a form of: Select one: a. larceny. b. securities fraud.

c. bribery. d. blackmail. Feedback The correct answer is: securities fraud.

Question 32 Correct Mark 1.00 out of 1.00

Flag question Question text While a plaintiff alleging negligence against a person may prove the person had a duty, the person breached his or her duty, and the company was the cause of the injuries, the plaintiff would still have to prove which of the following? Select one: a. The company committed the breach on purpose. b. The company was strictly liable for its breach.

c. The company had no defenses to its breach. d. The plaintiff suffered legally recognizable injuries.

Feedback The correct answer is: The plaintiff suffered legally recognizable injuries.

Question 33 Correct Mark 1.00 out of 1.00

Flag question Question text A type of business where there is no legal distinction between the business and its owner is a: Select one: a. corporation. b. limited liability entity. c. sole proprietorship.

d. private placement. Feedback The correct answer is: sole proprietorship.

Question 34 Correct Mark 1.00 out of 1.00

Flag question

Question text If an employer fires an employee for refusing to do an illegal act, the employer may be subject to a suit based on: Select one: a. anti-discrimination laws. b. wrongful discharge.

c. breach of contract. d. violation of the at-will doctrine. Feedback The correct answer is: wrongful discharge.

Question 35 Correct Mark 1.00 out of 1.00

Flag question Question text Which of the following activities may result in strict liability? Select one: a. Changing the radio in one's car and not paying attention to driving. b. Hitting a co-worker with whom one has had an ongoing argument. c. Transporting explosives through a populated area to a construction site.

d. Publishing malicious, hurtful lies about another person in a newspaper. Feedback The correct answer is: Transporting explosives through a populated area to a construction site.

Question 36

Correct Mark 1.00 out of 1.00

Flag question Question text When business people speak about "business ethics," they usually mean all of the following EXCEPT: Select one: a. Avoid breaking the criminal law in one's work-related activity b. Avoid actions that lead to excessively large profits.

c. Avoid action that may result in civil law suits against the company d. Avoid actions that are bad for the company image. Feedback The correct answer is: Avoid actions that lead to excessively large profits.

Question 37 Correct Mark 1.00 out of 1.00

Flag question Question text As the socially responsible investment fund movement becomes more influential, CSR theories are: Select one: a. focusing almost exclusively on ethics. b. shifting to an orientation on altruistic rationale. c. disregarding the payoff from CSR.

d. embracing a performance-driven orientation.

Feedback The correct answer is: embracing a performance-driven orientation.

Question 38 Incorrect Mark 0.00 out of 1.00

Flag question Question text A company attempts to buy a rare antique connected with the history of the company; the seller, after agreeing to the sale, now does not want to sell. Which of the following is the most appropriate remedy? Select one: a. Monetary damages.

b. Specific performance. c. Punitive damages. d. Quantum meruit. Feedback The correct answer is: Specific performance.

Question 39 Correct Mark 1.00 out of 1.00

Flag question Question text A commercial enterprise, usually organized for profit of its owners, and typically involving the provision of goods or services to a customer is known as a: Select one: a. corporation. b. partnership. c. public company. d. business.

Feedback The correct answer is: business.

Question 40 Correct Mark 1.00 out of 1.00

Flag question Question text All of the following are defenses to the tort of assault EXCEPT: Select one: a. no touching occurred.

b. consent. c. self-defense. d. defense of others.

Feedback The correct answer is: no touching occurred.

Question 41 Incorrect Mark 0.00 out of 1.00

Flag question Question text A trade secret is: Select one: a. anything of value a company takes reasonable steps to protect from disclosure. b. company information required by statute to be protected from disclosure. c. company information a judge decides should be protected from disclosure. d. things of value recognized within an industry as being protectable from disclosure.

Feedback The correct answer is: anything of value a company takes reasonable steps to protect from disclosure.

Question 42 Incorrect Mark 0.00 out of 1.00

Flag question Question text An advertisement for the sale of consumer goods is generally considered: Select one:

a. a contract.

b. an offer. c. an agreement. d. an invitation to bargain. Feedback The correct answer is: an invitation to bargain.

Question 43 Correct Mark 1.00 out of 1.00

Flag question Question text Law created by legislative bodies is known as: Select one: a. regulations. b. statutory law.

c. secondary law. d. common law. Feedback The correct answer is: statutory law.

Question 44 Correct Mark 1.00 out of 1.00

Flag question Question text The most common type of patent, awarded for inventions or improvements to methods, processes, machinery, and compositions of matter is a _______________ patent. Select one: a. pending. b. design. c. plant. d. utility.

Feedback The correct answer is: utility.

Question 45 Incorrect Mark 0.00 out of 1.00

Flag question Question text __________________ often contend that the argument that codes should provide action recipes for all situations neglects the fact that effective moral action requires more than just blind obedience to rules. Select one: a. Corporate executives

b. Government officials c. Philosophers

d. Professional boards Feedback The correct answer is: Philosophers

Question 46 Correct Mark 1.00 out of 1.00

Flag question Question text A hybrid form of business that provides limited liability to all owners while being treated as a partnership for tax purposes is known as a: Select one: a. general partnership b. limited liability company.

c. limited partnership. d. corporation. Feedback The correct answer is: limited liability company.

Question 47 Correct Mark 1.00 out of 1.00

Flag question Question text

A sole proprietorship is the best choice for someone contemplating starting a business if the individual: Select one: a. wants the benefits of limited liability. b. does not want personal assets subject to creditors. c. wants to retain as much control as possible over the business.

d. wants to draw on the expertise of others in the operation of the business. Feedback The correct answer is: w...