|1 |What is a multilateral treaty? |
| | |
| |a. |
| |a treaty related only to military action |
| | |
| |b. |
| |a treaty among three or more nations |
| | |
| |c. |
| |a treaty related only to trade |
| |
|2 |Corruption in international business operations: |
| | |
| |a. |
| |is a necessary reality and generally accepted. |
| | |
| |b. |
| |has no impact on contracts or profits. |
| | |
| |c. |
| |is legal in most countries outside the United States. |
| | |
| |d. |
| |undermines investment. |
| |
|3 |A federal district court has subject matter jurisdiction over cases in which the United States is a party. |
| |True |
| |False |
| |
|4 |If a defendant fails to answer a complaint within the time provided: |
| | |
| |a. |
| |a mistrial is granted. |
| | |
| |b. |
| |a summary judgment is granted. |
| | |
| |c. |
| |the defendant has defaulted. |
| | |
| |d. |
| |he is constitutionally entitled to an extension. |
| |
|5 |Under the U.S. Constitution, states can regulate interstate commerce: |
| | |
| |a. |
| |if the regulation benefits outweigh the burden on interstate commerce. |
| | |
| |b. |
| |only if there is no federal regulation in the area. |
| | |
| |c. |
| |if there is international trade involved. |
| | |
| |d. |
| |but the regulations will apply only to companies headquartered in their state. |
| |
|6 |The First Amendment permits regulation of ads for truth. |
| |True |
| |False |
| |
|7 |Which of the following is NOT a ground for challenging an administrative regulation? |
| | |
| |a. |
| |arbitrary and capricious regulation |
| | |
| |b. |
| |constitutionality |
| | |
| |c. |
| |failure to follow procedure |
| | |
| |d. |
| |no formal public hearings |
| |
|8 |Repatriation: |
| | |
| |a. |
| |is prohibited under GATT. |
| | |
| |b. |
| |is the process of bringing money earned elsewhere back to your own country. |
| | |
| |c. |
| |is the same as expropriation. |
| | |
| |d. |
| |rights cannot be limited. |
| |
|9 |The USA Patriot Act requires that financial institutions and many other businesses must report transactions involving more than $10,000 |
| |cash. |
| |True |
| |False |
| |
|10|Causation: |
| | |
| |a. |
| |is the same thing as proximate cause. |
| | |
| |b. |
| |refers to "but for" causation. |
| | |
| |c. |
| |need not be established where there is contributory negligence. |
| |
|11|The FTC does not have the authority to require corrective advertising. |
| |True |
| |False |
| |
|12|Which warranty is only given by merchants? |
| | |
| |a. |
| |implied warranty of fitness for a particular purpose |
| | |
| |b. |
| |implied warranty of merchantability |
| | |
| |c. |
| |both implied warranty of merchantability and implied warranty of fitness for a particular purpose |
| |
|13|The earliest regulation of water pollution was: |
| | |
| |a. |
| |Federal Water Quality Act. |
| | |
| |b. |
| |Clean Water Act. |
| | |
| |c. |
| |Rivers and Harbors Act. |
| |
|14|Contracts with minors are: |
| | |
| |a. |
| |void. |
| | |
| |b. |
| |unenforceable. |
| | |
| |c. |
| |voidable. |
| |
|15|Which of the following would be considered puffing? |
| | |
| |a. |
| |"This house is constructed only of block and brick." |
| | |
| |b. |
| |"This house has a fireproof roof." |
| | |
| |c. |
| |"This house has the makings for raising a happy family." |
| | |
| |d. |
| |"This house is termite-free." |
| |
|16|Which of the following is prohibited by the FDCPA? |
| | |
| |a. |
| |calling a debtor at 8:00 AM |
| | |
| |b. |
| |notifying a debtor's employer of an uncollected debt of an employee |
| | |
| |c. |
| |sending a letter to the debtor's home |
| | |
| |d. |
| |contacting the debtor's spouse to parents for information regarding the debt |
| |
|17|To which of the following can a consumer reporting agency NOT disclose credit information? |
| | |
| |a. |
| |a potential employee |
| | |
| |b. |
| |a creditor who has a signed application from a debtor |
| | |
| |c. |
| |a college or university evaluating an applicant for admission |
| | |
| |d. |
| |a court with a subpoena |
| |
|18|Which of the following statements is true regarding the length of copyright protection? |
| | |
| |a. |
| |A copyright for the author of a short story used as the basis of a movie runs for the life of the author plus 70 years. |
| | |
| |b. |
| |A copyright for software developed by a Microsoft employee at work runs for the life of the Microsoft employee plus 70 years. |
| | |
| |c. |
| |An artist's copyright on a painting runs for 20 years. |
| | |
| |d. |
| |Music copyrights run for 14 years from the time they are first recorded. |
| |
|19|Which of the following would constitute a form of price fixing? |
| | |
| |a. |
| |tying arrangements |
| | |
| |b. |
| |minimum or maximum prices |
| | |
| |c. |
| |sole outlets and exclusive distributorships |
| |
|20|Pastor Joseph Harmon of the First United Church entered into a contract to buy a one-half acre piece of land located next to the church |
| |building. The land would be used for expansion of the existing church building as well as new parking spaces. Under the church's |
| |incorporation documents and bylaws, only the chairman of the board of First United could sign for land purchases. Under the circumstances:|
| | |
| |a. |
| |the contract is void. |
| | |
| |b. |
| |the contract is voidable at the option of the adjoining landowner. |
| | |
| |c. |
| |the chairman and the board could ratify Pastor Harmon's contract and it would be valid. |
| | |
| |d. |
| |the contract must be set aside by the chairman of the board. |
| |
|21|Which of the following would not be covered under worker's compensation? |
| | |
| |a. |
| |a job-related disease |
| | |
| |b. |
| |a job-related injury |
| | |
| |c. |
| |an intentionally inflicted knife wound |
| |
|22|The Family and Medical Leave Act (FMLA): |
| | |
| |a. |
| |permits unpaid leave of up to 12 weeks for the birth of a child. |
| | |
| |b. |
| |requires all Title VII employers to comply with its provisions. |
| | |
| |c. |
| |provides for paid leave of up to 12 weeks for the birth of a child. |
| | |
| |d. |
| |does not apply to men, just women. |
| |
|23|The Americans with Disabilities Act: |
| | |
| |a. |
| |requires reasonable accommodation of employees with disabilities. |
| | |
| |b. |
| |prohibits discrimination against a job applicant who is disabled and cannot perform the job. |
| | |
| |c. |
| |requires employers to hire the handicapped. |
| |
|24|In which of the following does the business itself pay income taxes? |
| | |
| |a. |
| |corporation |
| | |
| |b. |
| |partnership |
| | |
| |c. |
| |LLC |
| |
|25|SwissAire, Inc. has filed a registration statement with the SEC for a public offering of common stock. The registration statement was |
| |completed on November 30, 1999, and filed on December 1, 1999. The statement became effective on December 30, 1999. Shares were first sold|
| |on December 31, 1999. When can SwissAire first run a tombstone ad? |
| | |
| |a. |
| |November 30, 1999 |
| | |
| |b. |
| |December 1, 1999 |
| | |
| |c. |
| |December 30, 1999 |
| | |
| |d. |
| |December 31, 1999 |