This document contains 30 multiple choice questions about various legal topics including: common law legal systems, types of business entities (corporations, LLCs, partnerships), agency law, alternative dispute resolution, corporate governance duties, contracts, torts, employment law, property law, intellectual property, and securities law regulations like Sarbanes-Oxley. The questions are from a final exam for a law course and test understanding of key concepts and ability to apply legal rules to hypothetical scenarios.
This document contains 26 multiple choice questions that appear to be from a law school final exam on various topics of business law. The questions cover distinguishing features of common law systems, types of corporate authority, LLC formalities and liability, sole proprietorship liability, partnership liability, alternative dispute resolution methods, arbitration, mediation, director duties, assumption of risk defenses, duty of care for corporate officers, products liability, the Statute of Frauds, the parol evidence rule, discovery processes, ERISA vesting, labor law statutes, employment discrimination, recovery of legal fees, adverse possession, and categories of personal property.
The document provides 30 multiple choice questions that appear to be from a law school final exam covering various topics in business law. Some of the questions test knowledge of key features of common law systems, forms of business organizations, fiduciary duties of corporate directors and officers, and statutes like Sarbanes-Oxley. The questions are accompanied by 4 possible answer choices for each.
The document appears to be a practice exam for a law school final exam in the subject of LAW 531. It contains 26 multiple choice questions testing various concepts in business law, including common law systems, agency authority in corporations, LLC liability, partnership liability, alternative dispute resolution methods, corporate director duties, product liability defenses, contract law doctrines like the statute of frauds and parol evidence rule, employment law, ERISA, and property law concepts like adverse possession. The exam covers a wide range of foundational business and legal principles.
This document appears to be a practice exam for a law school final, containing 25 multiple choice questions testing various concepts of business law. The questions cover topics like distinguishing features of common law systems, types of corporate authority, liability implications of LLC formality failures, sole proprietorship liability, partnership liability, alternative dispute resolution methods, director duties, assumption of risk defenses, contract statute of frauds issues, ERISA vesting requirements, labor law, employment discrimination, and methods of acquiring land through adverse possession. The document provides answer choices for each question but does not include the correct answers.
This document provides answers to a 25 question multiple choice exam for a Law 531 Final Exam. The questions cover a range of legal topics including common law systems, agency authority in corporations, limited liability for LLCs, sole proprietorships, partnerships, alternative dispute resolution methods, corporate director duties, assumption of risk defenses, statutes of frauds, ERISA vesting rules, labor law, employment discrimination, attorney fee recovery acts, and property law classifications.
Law 531 final exam mcq`s correct answers 100%Austing_3
This document provides 25 multiple choice questions that appear to be from a law school final exam on various topics of law. It asks the reader to choose the best answer for each question. At the end, it requests that the reader leave positive feedback if they found the questions helpful in preparing for their exam.
This document contains 30 multiple choice questions that appear to be from a law school final exam covering various topics in business law, including common law systems, agency authority in corporations, limited liability for LLCs, sole proprietorships, partnerships, alternative dispute resolution methods, duties of care for corporate directors and officers, products liability, contracts, employment law, property law, intellectual property, and business regulation including Sarbanes-Oxley. The questions test understanding of legal concepts and which choice best characterizes a given legal situation.
This document summarizes key concepts related to fiduciary duty and fiduciary obligation from a legal research paper. It discusses a similar Canadian case (Lac Minerals v. International Corona Resource) where confidential information was misused. It compares this case to the situation described, noting similarities around the use of confidential information. The document then provides definitions of fiduciary duty and outlines factors courts consider to determine if a fiduciary relationship exists. It advises that as operator, the recipient has duties to share assessments, notify partners of opportunities, and act with undivided loyalty and without conflicts of interest.
This document contains 26 multiple choice questions that appear to be from a law school final exam on various topics of business law. The questions cover distinguishing features of common law systems, types of corporate authority, LLC formalities and liability, sole proprietorship liability, partnership liability, alternative dispute resolution methods, arbitration, mediation, director duties, assumption of risk defenses, duty of care for corporate officers, products liability, the Statute of Frauds, the parol evidence rule, discovery processes, ERISA vesting, labor law statutes, employment discrimination, recovery of legal fees, adverse possession, and categories of personal property.
The document provides 30 multiple choice questions that appear to be from a law school final exam covering various topics in business law. Some of the questions test knowledge of key features of common law systems, forms of business organizations, fiduciary duties of corporate directors and officers, and statutes like Sarbanes-Oxley. The questions are accompanied by 4 possible answer choices for each.
The document appears to be a practice exam for a law school final exam in the subject of LAW 531. It contains 26 multiple choice questions testing various concepts in business law, including common law systems, agency authority in corporations, LLC liability, partnership liability, alternative dispute resolution methods, corporate director duties, product liability defenses, contract law doctrines like the statute of frauds and parol evidence rule, employment law, ERISA, and property law concepts like adverse possession. The exam covers a wide range of foundational business and legal principles.
This document appears to be a practice exam for a law school final, containing 25 multiple choice questions testing various concepts of business law. The questions cover topics like distinguishing features of common law systems, types of corporate authority, liability implications of LLC formality failures, sole proprietorship liability, partnership liability, alternative dispute resolution methods, director duties, assumption of risk defenses, contract statute of frauds issues, ERISA vesting requirements, labor law, employment discrimination, and methods of acquiring land through adverse possession. The document provides answer choices for each question but does not include the correct answers.
This document provides answers to a 25 question multiple choice exam for a Law 531 Final Exam. The questions cover a range of legal topics including common law systems, agency authority in corporations, limited liability for LLCs, sole proprietorships, partnerships, alternative dispute resolution methods, corporate director duties, assumption of risk defenses, statutes of frauds, ERISA vesting rules, labor law, employment discrimination, attorney fee recovery acts, and property law classifications.
Law 531 final exam mcq`s correct answers 100%Austing_3
This document provides 25 multiple choice questions that appear to be from a law school final exam on various topics of law. It asks the reader to choose the best answer for each question. At the end, it requests that the reader leave positive feedback if they found the questions helpful in preparing for their exam.
This document contains 30 multiple choice questions that appear to be from a law school final exam covering various topics in business law, including common law systems, agency authority in corporations, limited liability for LLCs, sole proprietorships, partnerships, alternative dispute resolution methods, duties of care for corporate directors and officers, products liability, contracts, employment law, property law, intellectual property, and business regulation including Sarbanes-Oxley. The questions test understanding of legal concepts and which choice best characterizes a given legal situation.
This document summarizes key concepts related to fiduciary duty and fiduciary obligation from a legal research paper. It discusses a similar Canadian case (Lac Minerals v. International Corona Resource) where confidential information was misused. It compares this case to the situation described, noting similarities around the use of confidential information. The document then provides definitions of fiduciary duty and outlines factors courts consider to determine if a fiduciary relationship exists. It advises that as operator, the recipient has duties to share assessments, notify partners of opportunities, and act with undivided loyalty and without conflicts of interest.
What do you understand about Bankruptcy Laws - David Ford Avon CTDavid Ford Avon Ct
This document provides information about various topics related to creditors' remedies and bankruptcy proceedings:
1. It defines different types of creditors' liens like mechanic's liens, artisan's liens, and innkeeper's liens. It also outlines prejudgment attachments and writs of execution that creditors can use.
2. It differentiates between suretyship, where a third party agrees to be liable for a debt, and guaranty arrangements.
3. It provides an overview of the typical steps in a bankruptcy proceeding and compares the different chapters available under the bankruptcy code.
The annual Legal Seminar For Credit Professionals, presented by Kegler Brown in conjunction with NACM – Great Lakes Region and American Subcontractors Association, was combined with an international business and construction legal program. Topics included selling internationally, post-judgment collection, bankruptcy, bids and pay-if-paid clauses.
This document discusses problems with the lack of oversight in the structured settlement secondary and tertiary markets. It notes that while structured settlement protection acts were intended to protect recipients, they are deficient in key areas. The first problem discussed is the lack of regulation of participants in these markets, including those who solicit recipients, advise them on sales, advise investors, or provide financial advice. Unlike other financial services, there are no licensing, background check, or continuing education requirements for intermediaries. This raises questions about the legitimacy and accountability of market participants. The document argues that insurance-style regulation is needed to protect consumers in these markets.
RETS Presentation - Home Inspector's Insurance & Risk ManagementGerald Brunker
This document provides an overview and summary of home inspector's insurance and risk management. It discusses the home inspection industry, inspector duties and liabilities, types of insurance like professional liability and general liability, and tips to reduce liability exposures. The key points covered are the regulation of home inspectors, what constitutes negligence, types of insurance required by states like Texas, and how claims are handled under different insurance policies.
Law 421 final exam mcq`s correct answers 100%Austing_3
This document appears to contain 30 multiple choice questions related to business law. It provides the questions and 4 possible answer choices for each question. The questions cover a range of topics including contracts, torts, intellectual property, criminal law, and corporate governance. No answers are provided. The document encourages leaving positive feedback if it is helpful for an exam and wishes the reader good luck.
Instant Assignment Help Australia have drafted a PPT on “Aspects of Contract and Negligence”. For more PPT sample kindly mail us at :help@instantassignmenthelp.com.au or Call Us at: +61 879 057 034.
The document discusses AT&T's proposed $39 billion acquisition of T-Mobile and the resulting antitrust issues. It analyzes the case using the IRAC method. Under the I (Issue) section, the main concern is that the merger would reduce competition in wireless markets from 5 carriers to 3 in many areas. The R (Rule) section discusses relevant antitrust laws like the Sherman and Clayton Acts. The A (Analysis) applies these laws to the AT&T/T-Mobile case and discusses the various risks to the companies involved. Methods for managing legal and regulatory risks during mergers are also summarized.
Soft skills are important for career success, especially in ITES. Key soft skills include effective communication, both verbal and nonverbal, teamwork, time management, and leadership skills. Strong soft skills allow one to handle interpersonal relationships, make good decisions, communicate clearly to advance one's professional development. Communication skills form the foundation of soft skills, and include the ability to speak fluently, write well, and give presentations that engage an audience.
This document provides examples of the author's work experience and qualifications for various design roles. It summarizes experience in both agency and corporate settings across print, digital, product, and multimedia design. Contact information is provided at the bottom for further discussion of prohibited work.
This document provides information on the Malaysian Newsprint Industries pulp mill and paper machine operations. The mill uses recovered paper to produce high quality pulp and newsprint. It has achieved nameplate capacity and aims to further increase production capacity through minor improvements. Key processes include pulping, screening, cleaning, flotation and disperging to produce pulp from recovered paper, and a paper machine with forming, pressing, drying, calendering and winding sections to convert pulp into finished newsprint rolls.
This document contains 60 multiple choice questions related to accounting topics such as financial statements, inventory valuation, long-lived assets, intangibles, contingencies, bonds, and leases. The questions cover concepts like cash, accounts receivable, inventory systems, depreciation methods, impairment of assets, contingencies, bonds, and types of leases.
This document appears to be a study guide for a final exam on organizational behavior and leadership topics. It contains 30 multiple choice questions covering concepts such as: types of organizations, reasons for adding organizational design courses, essential manager skills, organizational behavior definitions, group dynamics models, responses to job dissatisfaction, roles of management vs leadership, contingency theories of leadership, forces of organizational change, approaches to change management, characteristics of organizational control, and the relationship between power and goals.
The reason we aim at such high protein values is to lower the chance of losing muscle during our keto expedition. This way, you will have adequate protein for exercising and gaining muscle (if you’re in a caloric surplus), or adequate protein for keeping current lean muscle (if you’re in a caloric deficit).
This document provides advice for building simple web apps using Sinatra by starting with a minimum viable product (MVP) and validating ideas with users, engagement, and revenue. It recommends taking things one step at a time by building features individually using tools like Sinatra, Datamapper, Heroku and Stripe, and continuing to validate the app and say no to unnecessary complications along the way.
The document describes the key sections and processes of a paper mill that converts fibre pulp into finished newsprint rolls. The paper machine has four main sections: the former forms the initial paper web, the press section increases web dryness by pressing out water, the dryer section further dries the sheet using steam-heated cylinders, and the calender section smooths the paper. Quality is ensured through testing of every parent reel. The mill aims to increase production capacity through gains in speed and efficiency while maintaining high quality sheet standards.
This document provides 30 multiple choice questions related to accounting principles and concepts covered in ACC 291. The questions cover topics such as recording bad debts expense, calculating intangible assets, book value, capital expenditures, notes payable, bonds payable, stock transactions, cash flow statements, and corporate governance/compliance.
The document outlines an organization's 5S implementation plan. It assigns 5S leaders for different zones, provides an overview of the 5S methodology including the 5 key steps (Sort, Set in Order, Shine, Standardize, and Sustain), and establishes an audit process to assess compliance. The organization aims to complete the initial 3S steps by December 2012, standardize manufacturing processes by June 2012, and achieve a 5S audit score of 3.5 by December 2012 to improve workplace organization, safety, and efficiency.
The document appears to be lyrics from the song "Fix You" by Coldplay. It describes trying your best but failing, getting what you want but not needing it, being tired but unable to sleep. It discusses losing something irreplaceable and loving someone but it going to waste. The lyrics say lights will guide you home and ignite your bones, and the author will try to fix you. It repeats the chorus and ends with a Bible verse about considering others' interests as well as your own.
According to ISO 1940/1:
- ISO 1940/1 defines balance quality grades (G values) that represent the maximum permissible vibration caused by unbalance at operating speeds. Lower G values indicate better balance quality requirements.
- Specific unbalance is the product of the rotor's center of gravity displacement and angular velocity. It is measured in units like mm/s.
- Maximum permissible residual unbalance (Uper) is calculated based on factors like specific unbalance, rotor weight, balancing radius, and rotor geometry. Formulas are provided to calculate Uper for general, symmetrical, overhung, and narrow rotors.
The document discusses research conducted on guests at Staybridge Suites and Candlewood Suites hotels. Personal interviews with current guests were used to create profiles called personas that provided insights into guest interests, routines, and concerns. Eight personas were created total, with four for each brand, representing both guests and staff. The personas revealed differences between the typical Staybridge guest and Candlewood guest.
This document discusses the five stages of growth for small family-owned businesses: 1) Existence, 2) Survival, 3) Success, 4) Takeoff, and 5) Resource Maturity. It describes the characteristics of each stage including management style, strategic focus, processes/systems, employees, and measurement. Additional complexity for family businesses is also addressed, like defining family roles. The owner's ability to execute decreases as they delegate more to processes and qualified employees. Strategic planning also increases in importance as the business scales. The document concludes by introducing Nimble, a consulting firm that assists businesses in growth through strategies, organizational structures, implementing processes and systems, and setting KPIs, tailored to the stage of
The document discusses periodizing football training into 6-week cycles with a focus on football conditioning. It recommends incorporating conditioning into technical/tactical training rather than separating the disciplines. The pre-season plan outlined has a focus on football-specific conditioning through small-sided games in the first 6 weeks, starting with bigger games and progressing to smaller games, with technical/tactical sessions later in the week to be fresh for games. The goal is to get the team ready to play together using their tactical approach by the first game.
What do you understand about Bankruptcy Laws - David Ford Avon CTDavid Ford Avon Ct
This document provides information about various topics related to creditors' remedies and bankruptcy proceedings:
1. It defines different types of creditors' liens like mechanic's liens, artisan's liens, and innkeeper's liens. It also outlines prejudgment attachments and writs of execution that creditors can use.
2. It differentiates between suretyship, where a third party agrees to be liable for a debt, and guaranty arrangements.
3. It provides an overview of the typical steps in a bankruptcy proceeding and compares the different chapters available under the bankruptcy code.
The annual Legal Seminar For Credit Professionals, presented by Kegler Brown in conjunction with NACM – Great Lakes Region and American Subcontractors Association, was combined with an international business and construction legal program. Topics included selling internationally, post-judgment collection, bankruptcy, bids and pay-if-paid clauses.
This document discusses problems with the lack of oversight in the structured settlement secondary and tertiary markets. It notes that while structured settlement protection acts were intended to protect recipients, they are deficient in key areas. The first problem discussed is the lack of regulation of participants in these markets, including those who solicit recipients, advise them on sales, advise investors, or provide financial advice. Unlike other financial services, there are no licensing, background check, or continuing education requirements for intermediaries. This raises questions about the legitimacy and accountability of market participants. The document argues that insurance-style regulation is needed to protect consumers in these markets.
RETS Presentation - Home Inspector's Insurance & Risk ManagementGerald Brunker
This document provides an overview and summary of home inspector's insurance and risk management. It discusses the home inspection industry, inspector duties and liabilities, types of insurance like professional liability and general liability, and tips to reduce liability exposures. The key points covered are the regulation of home inspectors, what constitutes negligence, types of insurance required by states like Texas, and how claims are handled under different insurance policies.
Law 421 final exam mcq`s correct answers 100%Austing_3
This document appears to contain 30 multiple choice questions related to business law. It provides the questions and 4 possible answer choices for each question. The questions cover a range of topics including contracts, torts, intellectual property, criminal law, and corporate governance. No answers are provided. The document encourages leaving positive feedback if it is helpful for an exam and wishes the reader good luck.
Instant Assignment Help Australia have drafted a PPT on “Aspects of Contract and Negligence”. For more PPT sample kindly mail us at :help@instantassignmenthelp.com.au or Call Us at: +61 879 057 034.
The document discusses AT&T's proposed $39 billion acquisition of T-Mobile and the resulting antitrust issues. It analyzes the case using the IRAC method. Under the I (Issue) section, the main concern is that the merger would reduce competition in wireless markets from 5 carriers to 3 in many areas. The R (Rule) section discusses relevant antitrust laws like the Sherman and Clayton Acts. The A (Analysis) applies these laws to the AT&T/T-Mobile case and discusses the various risks to the companies involved. Methods for managing legal and regulatory risks during mergers are also summarized.
Soft skills are important for career success, especially in ITES. Key soft skills include effective communication, both verbal and nonverbal, teamwork, time management, and leadership skills. Strong soft skills allow one to handle interpersonal relationships, make good decisions, communicate clearly to advance one's professional development. Communication skills form the foundation of soft skills, and include the ability to speak fluently, write well, and give presentations that engage an audience.
This document provides examples of the author's work experience and qualifications for various design roles. It summarizes experience in both agency and corporate settings across print, digital, product, and multimedia design. Contact information is provided at the bottom for further discussion of prohibited work.
This document provides information on the Malaysian Newsprint Industries pulp mill and paper machine operations. The mill uses recovered paper to produce high quality pulp and newsprint. It has achieved nameplate capacity and aims to further increase production capacity through minor improvements. Key processes include pulping, screening, cleaning, flotation and disperging to produce pulp from recovered paper, and a paper machine with forming, pressing, drying, calendering and winding sections to convert pulp into finished newsprint rolls.
This document contains 60 multiple choice questions related to accounting topics such as financial statements, inventory valuation, long-lived assets, intangibles, contingencies, bonds, and leases. The questions cover concepts like cash, accounts receivable, inventory systems, depreciation methods, impairment of assets, contingencies, bonds, and types of leases.
This document appears to be a study guide for a final exam on organizational behavior and leadership topics. It contains 30 multiple choice questions covering concepts such as: types of organizations, reasons for adding organizational design courses, essential manager skills, organizational behavior definitions, group dynamics models, responses to job dissatisfaction, roles of management vs leadership, contingency theories of leadership, forces of organizational change, approaches to change management, characteristics of organizational control, and the relationship between power and goals.
The reason we aim at such high protein values is to lower the chance of losing muscle during our keto expedition. This way, you will have adequate protein for exercising and gaining muscle (if you’re in a caloric surplus), or adequate protein for keeping current lean muscle (if you’re in a caloric deficit).
This document provides advice for building simple web apps using Sinatra by starting with a minimum viable product (MVP) and validating ideas with users, engagement, and revenue. It recommends taking things one step at a time by building features individually using tools like Sinatra, Datamapper, Heroku and Stripe, and continuing to validate the app and say no to unnecessary complications along the way.
The document describes the key sections and processes of a paper mill that converts fibre pulp into finished newsprint rolls. The paper machine has four main sections: the former forms the initial paper web, the press section increases web dryness by pressing out water, the dryer section further dries the sheet using steam-heated cylinders, and the calender section smooths the paper. Quality is ensured through testing of every parent reel. The mill aims to increase production capacity through gains in speed and efficiency while maintaining high quality sheet standards.
This document provides 30 multiple choice questions related to accounting principles and concepts covered in ACC 291. The questions cover topics such as recording bad debts expense, calculating intangible assets, book value, capital expenditures, notes payable, bonds payable, stock transactions, cash flow statements, and corporate governance/compliance.
The document outlines an organization's 5S implementation plan. It assigns 5S leaders for different zones, provides an overview of the 5S methodology including the 5 key steps (Sort, Set in Order, Shine, Standardize, and Sustain), and establishes an audit process to assess compliance. The organization aims to complete the initial 3S steps by December 2012, standardize manufacturing processes by June 2012, and achieve a 5S audit score of 3.5 by December 2012 to improve workplace organization, safety, and efficiency.
The document appears to be lyrics from the song "Fix You" by Coldplay. It describes trying your best but failing, getting what you want but not needing it, being tired but unable to sleep. It discusses losing something irreplaceable and loving someone but it going to waste. The lyrics say lights will guide you home and ignite your bones, and the author will try to fix you. It repeats the chorus and ends with a Bible verse about considering others' interests as well as your own.
According to ISO 1940/1:
- ISO 1940/1 defines balance quality grades (G values) that represent the maximum permissible vibration caused by unbalance at operating speeds. Lower G values indicate better balance quality requirements.
- Specific unbalance is the product of the rotor's center of gravity displacement and angular velocity. It is measured in units like mm/s.
- Maximum permissible residual unbalance (Uper) is calculated based on factors like specific unbalance, rotor weight, balancing radius, and rotor geometry. Formulas are provided to calculate Uper for general, symmetrical, overhung, and narrow rotors.
The document discusses research conducted on guests at Staybridge Suites and Candlewood Suites hotels. Personal interviews with current guests were used to create profiles called personas that provided insights into guest interests, routines, and concerns. Eight personas were created total, with four for each brand, representing both guests and staff. The personas revealed differences between the typical Staybridge guest and Candlewood guest.
This document discusses the five stages of growth for small family-owned businesses: 1) Existence, 2) Survival, 3) Success, 4) Takeoff, and 5) Resource Maturity. It describes the characteristics of each stage including management style, strategic focus, processes/systems, employees, and measurement. Additional complexity for family businesses is also addressed, like defining family roles. The owner's ability to execute decreases as they delegate more to processes and qualified employees. Strategic planning also increases in importance as the business scales. The document concludes by introducing Nimble, a consulting firm that assists businesses in growth through strategies, organizational structures, implementing processes and systems, and setting KPIs, tailored to the stage of
The document discusses periodizing football training into 6-week cycles with a focus on football conditioning. It recommends incorporating conditioning into technical/tactical training rather than separating the disciplines. The pre-season plan outlined has a focus on football-specific conditioning through small-sided games in the first 6 weeks, starting with bigger games and progressing to smaller games, with technical/tactical sessions later in the week to be fresh for games. The goal is to get the team ready to play together using their tactical approach by the first game.
Good governance sebagai faktor ekologi pemerintahanAnanda S
Dokumen tersebut membahas tentang peran Good Governance dalam mempengaruhi ekologi pemerintahan. Good Governance dijelaskan sebagai salah satu faktor penting dalam membentuk interaksi sistem pemerintahan yang harmonis melalui integrasi peran antara pemerintah, swasta, dan masyarakat madani. Implementasi Good Governance yang sesuai dengan prinsip-prinsip demokrasi Pancasila diyakini dapat menciptakan ekologi pemerintahan yang stabil dan mening
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like depression and anxiety.
The document provides 30 multiple choice questions that appear to be from a law school final exam covering various topics in business law. Some of the questions test knowledge of key features of common law systems, types of business entities and agency relationships, fiduciary duties of corporate directors and officers, and statutes like Sarbanes-Oxley. The questions are testing comprehension of legal concepts and ability to apply those concepts to hypothetical scenarios.
The document provides 30 multiple choice questions that appear to be from a law school final exam covering various topics in business law. Some of the questions test knowledge of key features of common law systems, forms of business organizations, fiduciary duties of corporate directors and officers, and statutes like Sarbanes-Oxley. The questions are multiple choice with 4 answer options for each question testing comprehension of legal concepts and ability to apply facts to relevant laws.
The document contains 30 multiple choice questions from a law school final exam on various business law topics including: [1] distinguishing features of common law systems; [2] types of corporate authority; [3] consequences of LLCs failing to follow formalities; [4] personal liability of sole proprietors. The questions cover additional topics such as: [5] partnership liability; [6] alternative dispute resolution methods; [7] corporate director duties; [8] employment discrimination; [9] intellectual property issues. The document provides answers to test an individual's knowledge of business and employment law concepts.
This document contains 26 multiple choice questions that appear to be from a law school final exam on various topics of business law. The questions cover distinguishing features of common law systems, types of corporate authority, LLC formalities and liability, sole proprietorship liability, partnership liability, alternative dispute resolution methods, arbitration, mediation, corporate director duties, assumption of risk defenses, duty of care for corporate officers, products liability, the Statute of Frauds, the parol evidence rule, discovery processes, ERISA vesting, labor law, employment discrimination, recovery of legal fees, adverse possession, and categories of personal property.
This document provides the questions and answers to a law school final exam for LAW 531. It covers topics like [1] distinguishing features of common law legal systems, [2] types of corporate authority, and [3] personal liability of sole proprietors and partners. The 30 multiple choice questions and answers would allow a student to study for and prepare to take the final exam.
This document provides answers to a 25 question multiple choice law exam. It covers various topics of law including: [1] common law legal systems; [2] types of corporate authority; [3] limited liability for LLCs; [4] sole proprietor liability; [5] general partnership liability; [6] alternative dispute resolution methods; [7] arbitration; [8] mediation; [9] corporate director duties; [10] assumption of risk defenses; [11] ERISA vesting requirements; [12] union organizing statutes. The answers are labeled A-D and correspond to the questions provided in another document.
This document provides answers to 30 multiple choice questions from a law exam. Some key points covered include: [1] distinguishing features of common law legal systems include precedent set by judges; [2] types of agency authority held by corporate officers include express, implied, and apparent authority; [3] failure of an LLC to follow formalities like keeping meeting minutes could result in loss of limited liability for members responsible.
This document appears to be a practice exam for a law school final, containing 30 multiple choice questions testing concepts in business organizations, corporate law, employment law, and securities regulation. The questions cover topics such as distinguishing features of common law systems, types of corporate authority, LLC formalities and liability, sole proprietorship liability, partnership liability, alternative dispute resolution methods, corporate duties of care and loyalty, employment discrimination, ERISA vesting requirements, labor law, intellectual property issues, Sarbanes-Oxley requirements, and prohibited conduct.
This document appears to be a practice exam for a law school final, containing 25 multiple choice questions testing various concepts of business law. The questions cover topics such as distinguishing features of common law systems, types of corporate authority, liability implications of LLC formality failures, sole proprietor liability, partnership liability, alternative dispute resolution methods, director duties, assumption of risk defenses, contract statute of frauds issues, ERISA vesting requirements, labor law, employment discrimination, and methods of acquiring land through adverse possession. The document provides answer choices for each question but does not include the correct answers.
This document contains a 30 question multiple choice exam on business law topics. The exam covers common law systems, types of business organizations (corporations, LLCs, partnerships), agency law, alternative dispute resolution, corporate governance issues (duties of care and loyalty, business judgment rule), contracts, employment law, securities law (Sarbanes-Oxley Act), and property law. For each question there are 4 possible answer choices and some include a brief rationale for the correct answer.
(New) final exam for law 531 law 531 all correct answers 100%ri0908O0o
This document provides the questions and multiple choice answers to 30 questions that appear to be from a law school final exam on various business law topics. The questions cover areas like the distinguishing features of common law, types of agency authority in a corporation, liability implications of LLC formalities, sole proprietorship liability, partnership obligations, alternative dispute resolution methods, duties of care and loyalty of corporate directors and officers, defenses to assumption of risk, statutes of limitations, employment discrimination, intellectual property issues, and provisions of Sarbanes-Oxley.
Law 531 final exam mcq`s correct answers 100%liamSali
This document provides the questions and multiple choice answers to 30 questions that appear to be from a law school final exam on various business law topics. The questions cover areas like the distinguishing features of common law, types of agency authority in a corporation, liability implications of LLC formalities, sole proprietorship liability, partnership obligations, alternative dispute resolution methods, duties of care and loyalty for corporate directors and officers, defenses to assumption of risk, statutes of limitations, employment discrimination, intellectual property issues, and provisions of Sarbanes-Oxley.
(New) final exam for law 531 all correct answers 100%liamSali
This document provides the questions and multiple choice answers to 30 questions that appear to be from a law school final exam on various business law topics. The questions cover areas like the distinguishing features of common law, types of agency authority, LLC formalities and liability, sole proprietorships and liability, partnership obligations, alternative dispute resolution methods, duties of care and loyalty for corporate directors and officers, defenses to assumption of risk, statutes of frauds, parol evidence rule, discovery process, ERISA vesting requirements, labor law statutes, employment discrimination, attorney's fees statutes, adverse possession, tangible personal property, trade secret issues, Sarbanes-Oxley requirements, penalties under Sarbanes-Oxley, and prohib
(New) final exam for law 531 all correct answers 100%quikly11
This document provides 25 multiple choice questions that appear to be from a law school final exam on various topics of law. It asks the reader to choose the best answer for each question. At the end, it requests that the reader leave positive feedback if they found the questions helpful in preparing for their exam.
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1) When statutes are passed only after considerable study, debate and public input, this is an example of which function of the law?
A. Keeping the peace.
B. Shaping moral standards.
C. Maintaining the status quo.
D. Facilitating orderly change.
2) What was the U.S. Supreme Court’s reaction to a case where a business executive was found guilty of aiding and abetting in the bribery of an Internal Revenue Service Agent even though the Internal Revenue Service agent had been found not guilty of the bribery in a separate trial?
A. Because of the inconsistent outcomes, a third combined trial was ordered to reconcile the different outcomes.
B. This simply underscores the fact that there is always the possibility that different juries might reach different results in a given situation.
C. Because one of the defendants had been found guilty, then both should have been found guilty.
D. Because one of the defendants had been found not guilty, they both should have been found not guilty.
3) Which of the following is most consistent with the Natural Law School of jurisprudence?
A. The laws of man are secondary to the laws of nature, and thus the laws of nature take precedence whenever the laws of man are in conflict with the laws of nature.
B. By applying the rules of logic to specific cases, the logical, or natural, result will be obtained.
C. Law is based on moral and ethical principles of what is right, and it is the job of men and women, through study, to discover what these principles are.
D. The law is a reflection of society, thus the law must change naturally as society changes over time.
4) Which of the following statements is true regarding the relationship of law and ethics?
A. In some cases the law will require a higher standard of conduct than ethics, but never vice versa.
B. Depending on the circumstances, the law can require a higher, lower, or the same standard of conduct as ethics demands.
C. The legal requirements will almost always be the same as the ethical requirement because the law is based on the ethical standards.
D. In some cases ethics will require a higher standard of conduct than the law, but never vice versa.
5) Which of the following is correct with regard to the relationship between law and ethics?
A. Lawful conduct is always ethical conduct.
B. Although much of law is based on ethical standards, not all ethical standards have been enacted as law.
C. The rule of law and the golden rule of ethics demand the same response.
D. The law may not .permit something that would be ethically wrong.
6) Which of the following is not one of the Caux Round Table Principles for International Business?
A. Promotion of Multiculturalism.
B. Respect for the Environment.
C. Avoidance of Illicit Operations.
D. Support for Multilateral Trade.
7) In a civil case, which of the following is true about the order of the prese.
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This Tutorial contains 2 Set of Final Exam Part 2 (All Questions Listed Below)
BUS 407 Final Exam Part 2
Question 1 Which kind of analysis compares the monetary cost of training with the intangible or nonmonetary results?
Question 2 According to the text, which of the following groups would be interested in “process evaluation” data?
This document contains a 30 question multiple choice exam on various legal topics including contracts, torts, intellectual property, business organizations, and criminal law. The questions test understanding of concepts like preemption, assumption of risk, trademarks, cyber squatting, the Digital Millennium Copyright Act, contract formation and defenses, the Uniform Commercial Code, moral philosophy approaches like utilitarianism, white collar crimes like embezzlement, Ponzi schemes, and the penalties imposed by the Sarbanes-Oxley Act.
This document provides answers to 30 multiple choice questions covering various topics in business law, including alternative dispute resolution, federal agencies, jurisdiction, contracts, torts, employment law, and intellectual property. The questions assess understanding of key concepts and their appropriate applications.
UOP – 421 LAW Answers1) Which of the following does not result.docxdickonsondorris
UOP – 421 LAW Answers
1) Which of the following does not result in a decision rendered by the hearing officer?
A. Arbitration
B. Mediation
C. Med-arb
D. Using expert evaluators
2) Jurisprudence is defined as
A. adjudication of law suits
B. the enactment of laws by a government body
C. the science and philosophy of law
D. the duties and obligations owed by a citizen
3) The state of Kansas has enacted a new law requiring all commercial trucks driving on Kansas roads to have special mud flaps installed. These mud flaps have been proven to make driving in the rain significantly safer due to reduced mist created by trucks driving in the rain, although data regarding accidents and injuries has not yet been determined. Any truck entering Kansas must have these flaps installed or will be subject to a significant fine and delay. The cost for purchase and installation of these flaps is $1,000 per truck. In short, trucks must have these flaps or go around the state. This Kansas law
A. is valid because it only applies to Kansas roads and such a law is entirely intrastate
B. is valid because Kansas's right to protect its citizens under its police powers will override any outside challenges to this law
C. is invalid because this law is intended to regulate interstate commerce, an enumerated federal power
D. is invalid because although on its face it's an intrastate law, this statute will have a significant economic effect on interstate commerce causing an undue burden
4) The power of preemption is derived from
A. the power of judicial review
B. the Commerce Clause
C. the Necessary and Proper Clause
D. the Supremacy Clause
5) What is the main problem with international courts?
A. Finding judges who understand the complexities of international law
B. Creating a body of law that reflects multiple legal systems
C. Enforcing a ruling on sovereign nations is difficult
D. Lack of recognition from the U.N. and WTO
6) Under the U.S. legal system, subject to some exceptions, costs of litigation regarding both the plaintiff and defendant
A. are all paid by the loser
B. are all paid by the winner
C. are paid for by each side with the plaintiff and defendant paying for their own legal costs
D. are totaled by the court and then for fairness, split in half with each side paying an equal amount
7) Generally, torts law is governed by
A. state statutory law
B. state common law
C. federal statutory law
D. constitutional law
8) Assumption of risk is a defense to
A. conversion
B. negligence
C. defamation
D. battery
9) The three stripes on Adidas clothing represents a
A. trademark
B. trade dress
C. trade secret
D. patent
10) The color or shape of an item, if distinctive, is a
A. trademark
B. trade dress
C. copyright
D. patent
11) Cybersquatting describes the practice of
A. registering multiple domain names and then selling them back to companies at inflated prices
B. hacking into a company's website to install a virus or Trojan horse ...
1. The document provides a sample exam for ACC 434 with 25 multiple choice questions covering topics such as activity-based costing, budgeting, cost allocation, transfer pricing, quality costs, and inventory carrying costs.
2. Questions address calculating indirect cost allocation rates, budgeted cash payments, identifying sunk costs, allocating joint costs using the benefits-received criterion, and determining the effects of changes to quality prevention methods on appraisal costs.
3. Sample questions also cover quantitative cost estimation methods, the theory of constraints, life-cycle budgeting, sensitivity analysis, and estimating total setup costs for inventory production runs.
This document contains 30 multiple choice questions about macroeconomics, microeconomics, and other economic concepts. The questions cover topics such as the differences between microeconomics and macroeconomics, supply and demand curves, elasticity, costs of production, market structures like perfect competition and monopoly, international trade, and more. The correct answers to each question are also provided.
This document contains 73 multiple choice questions related to topics in business, finance, economics, statistics, and management. The questions cover a wide range of subject areas including managerial accounting, international trade, macroeconomics, human resources, operations management, statistics, information systems, finance, and capital budgeting. No answers are provided for the multiple choice questions.
This document appears to be a list of 100 multiple choice questions covering a wide range of business and economics topics, including accounting, finance, statistics, management, marketing, and law. The questions assess knowledge of concepts like budgets, inventory costing methods, income statements, confidence intervals, globalization trends, and theories of the firm and consumer behavior.
This document outlines the course requirements for ACC 291 Principles of Accounting over 5 weeks. It includes individual exercises, problems, and online homework assigned each week from the textbook. It also requires participation in learning team discussions and reflections, as well as an analysis of an article and a memo on ratio analysis from the learning team. The course covers fundamental accounting concepts through individual study, group collaboration, and online problem sets over its 5 week period.
The document contains 30 multiple choice questions related to accounting concepts. The questions cover topics such as the Sarbanes-Oxley Act requirements, internal controls, preparing statements of cash flows, analyzing financial statements, accounting for investments, accounting for bonds and notes payable, accounting for stockholders' equity, accounting for dividends, and accounting for treasury stock transactions.
The document contains a 29-question multiple choice exam on accounting concepts including financial statements, adjusting entries, inventory costing methods, internal controls, and the Sarbanes-Oxley Act. The questions cover topics such as identifying the financial statement used to report cash flows from operations, the normal order for preparing financial statements, classifying transactions and their impact on accounts, adjusting entries for inventory, and key aspects of internal controls and the Sarbanes-Oxley Act.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Discover innovative uses of Revit in urban planning and design, enhancing city landscapes with advanced architectural solutions. Understand how architectural firms are using Revit to transform how processes and outcomes within urban planning and design fields look. They are supplementing work and putting in value through speed and imagination that the architects and planners are placing into composing progressive urban areas that are not only colorful but also pragmatic.
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This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
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1. LAW/531 Week 6 Final Exam
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1) Which of the following is a distinguishing feature of a common law legal
system?
A. Requiring guilt be proven beyond a reasonable doubt
B. The sole source of law is a comprehensive civil code
C. An appeal process
D. The making of law by the judges and the following of precedent
2) Which best describes the types of agency authority held by officers of a
corporation?
A. Vicarious authority
B. Express and obvious authority
C. Implied and apparent authority only
D. Express, implied, and apparent authority
3) If an LLC fails to follow formalities such as keeping minutes of meetings, which
of the following is true?
A. Only the managers of a manager-managed LLC will lose limited liability.
B. All members will lose their limited liability.
C. This failure will not result in imposing personal liability on any member.
D. Only the parties responsible for the failure will lose limited liability.
4) Martha started a flower shop as a sole proprietor. After 1 year, she was forced
to close the shop because business was so bad. At that time, the business assets
totaled $50,000, but the business liabilities totaled $125,000. Which of the
following statements is true?
A. Martha is personally liable for the additional $75,000.
B. Martha’s business creditors can collect only the $50,000 of business assets.
C. Martha’s business creditors can collect only the $50,000 now, but if Martha
ever goes into business again, they can get the assets of the new business.
D. Once Martha terminates the sole proprietorship; the business creditors cannot
even get the $50,000
5) Partners of a general partnership
A. Are protected from litigation against the partnership by statute
2. B. Are liable for the obligations of the partnership only to the extent of their
capital contributions
C. Do not have to pay taxes on the profits of the partnership that are distributed
to them
D. Are liable for all the obligations of their partnership
6) Which of the following forms of alternative dispute resolution allows both
parties to see the strengths and weaknesses of both sides of the case through the
presentation of evidence?
A. Negotiated settlement
B. Mini-trial
C. Mediation
D. Conciliation
7) A ___________ is a court-appointed party who conducts a private trial and
renders a judgment
A. Fact-finder
B. Arbitrator
C. Judicial referee
D. Negotiator
8) What is a form of alternative dispute resolution that is often used when the
parties involved do not want to face one another?
A. Arbitration
B. Fact-finding
C. Mini-trial
D. Conciliation
9) Which of the following is true regarding mediation?
A. A mediator often meets with both parties at the same time
B. A settlement agreement is never reached with a mediator.
C. A mediator does not make a decision or award
D. If a settlement agreement is not reached in mediation, then the parties hire a
new mediator
10) There are no accountants on the board of the Oriole Corporation, a privately
held corporation. The board routinely relies on a Certified Public Accountant
3. (CPA) to explain the financial situation of the corporation. The board does not do
an independent analysis of the CPA’s report. In these circumstances, the board is
A. Violating a duty of loyalty
B. Violating a duty to exercise due care
C. Violating the business judgment rule
D. Not violating any duty
11) Self-dealing by a director of a corporation can best be described as
A. A breach of a director's duty of notification
B. A breach of a director’s duty of care
C. A breach of the Business Judgment Rule
D. There was no breach of duty
12) Which of the following is likely to be a breach of a corporate officer or
director’s duty of care?
A. Failing to anticipate a precipitous drop in consumer demand of the company’s
product
B. Failing to make a reasonable investigation of relevant facts
C. Failing to predict the unexpected startup of a new competitor
D. Failing to foresee a sudden rise in the interest rate
13) In what ways may officers and directors be protected by the corporation from
liability for actions taken as an officer or director?
A. The officer or director must purchase personal liability insurance to cover such
losses.
B. Have the corporation purchase liability insurance and indemnify the officers
and directors
C. Officers and directors cannot be protected from liability
D. Officers and directors are automatically protected from liability by virtue of
corporate
14) If a plaintiff voluntarily participates in a risky activity that results in injury,
what is the most likely defense to a claim that the plaintiff assumed the risk?
A. Contributory negligence
B. Defendant was negligent per se
C. Defendant assumed the risk under the “danger invites rescue” doctrine
D. Comparative negligence
4. 15) Mark is the treasurer of Sky-Hi Tech Corporation and, as such, he is
responsible for protecting the assets of the corporation. One of Mark’s
subordinates, Jill, is in charge of reconciling the monthly corporate bank
statements. Over a period of several months, Jill embezzled a large amount of
money from Sky-Hi Tech, covering up the theft using her bank reconciliations. If
Mark had adequately supervised Jill, she could not have embezzled this money.
Mark’s actions (or inactions) constitute a breach of his duty of
A. Due care
B. Obedience
C. Loyalty
D. Good business judgment
16) Barry buys a new sports car. The car sits low to the ground and because of the
styling; visibility to the rear is limited. About a month after Barry buys the car, he
backs over his pet poodle as he is leaving for work. In his strict liability suit against
the car manufacturer, Barry will
A. Win because driving a sports car is an inherently dangerous activity
B. Win on the basis of design defect
C. Win on the basis of packaging defect because the car could have been
packaged in a differently styled body
D. Lose because he assumed the risk of backing up in a car when he could not see
to the rear
17) If a judge rules that a party lost its case because of the Statute of Frauds, the
judge has essentially stated which of the following?
A. The losing party purposely deceived the other party about a material fact.
B. The losing party will not be allowed to introduce evidence to contradict a
written agreement
C. The losing party cannot enforce an oral contract that should have been in
writing
D. The losing party was found by the court to have lied, and therefore will lose the
case
18) What does the parole evidence rule do?
A. It limits the ability of parties to written contracts from introducing certain
evidence related to the contract.
5. B. It sets the rules for admissibility of evidence relating to releasing a criminal
from a prison term
C. It sets the general rules for the admissibility of evidence in criminal actions
D. It determines which contracts are required to be in writing
19) ABC LLC and XYZ Corp. entered into a contract whereby ABC is to supply XYZ
with widgets. After receiving the first shipment of widgets, XYZ finds that the
widgets, while meeting the physical standards specified in the contract, do not
perform as XYZ anticipated. The contract is silent as to performance
specifications, but XYZ suspects that ABC knew that it was manufacturing and
supplying widgets that would not perform according to industry standard. XYZ
initiates a lawsuit against ABC, alleging that ABC knowingly supplied defective
widgets. What process will XYZ use to help it develop its case against ABC?
A. Pleadings
B. Motion for summary judgment
C. Discovery
D. Trial
20) Under the Employee Retirement Income Security Act (ERISA), an employee’s
benefits must vest
A. Within 10 years
B. By the time of the employee’s retirement
C. In total within 5 years or gradually within 7 years
D. Only as provided in the pension plan
21) Which of the following statutes provides that it is legal for employees to
organize a union?
A. The Norris-LaGuardia Act
B. The National Labor Relations Act
C. The Labor-Management Relations Act
D. The Worker Adjustment and Retraining Notification Act
22) William was a factory worker at the Spruce Industries plant. When
management found out that William is gay, he was fired. The plant’s action is
A. Not prohibited under federal law
B. A violation of Title VII
C. A violation of the Equal Pay Act
6. D. A violation of the Americans with Disabilities Act
23) Janet is manager of a bank. She has all the qualifications to be promoted to
bank manager. In fact, she is better qualified than any of the men being
considered for the position. However, the owner of the bank believes that bank
customers will LAW/531 not accept a woman as bank manager, so the owner
promotes one of the males. The owner’s actions would best be described as
what?
A. Quid pro quo
B. Hostile work environment
C. Gender discrimination
D. Pregnancy discrimination
24) Which one of the following statutes allows a prevailing party to recover
attorney’s fees in an action against the government for an action of an agency?
A. The Freedom of Information Act
B. The Government Compensation Act
C. The Administrative Procedure Act
D. The Equal Access to Justice Act
25) Which of the following would prevent someone from acquiring land by
adverse possession?
A. The person never had to fight the original owner to remain on the land
B. The person lived on the land secretly so that the original owner would not find
out he or she was there
C. The person lived on the land without the original owner’s permission
D. The person was the only person who lived on the land in question
26) Which of the following would be classified as tangible personal property, as
opposed to other property categories, such as fixtures or intangible property?
A. A freestanding desk
B. Built-in cabinets in an office
C. A copyright to a literary work
D. A field of corn
27) As the CEO of a high tech company, you become aware that your chief
competitor is working on a new computer program that will revolutionize your
industry. You know that if you can find out several key functions about the new
7. product, LAW/531 final exams your own programmers will be able to duplicate
the function of the program without actually copying its code. Which of the
following actions can you ethically take?
A. Paying the garbage company to deliver the competitor’s garbage to you
B. Hiring a former employee of the competitor and paying her a bonus to tell you
the competitor’s secrets
C. Hiring a researcher to review all available information about the competitor,
including patents, types and names of employees hired, reports by the
competitor, including all SEC filings
D. Hacking into the competitor's computer systems to find out what you need
28) From a practical perspective, what are some of the elements of Sarbanes-
Oxley?
A. Ensuring transparency, accountability and internal controls
B. Ensuring companies are profitable
C. Ensuring that CEOs do not make more than 10 times the lowest paid employee
D. Ensuring that large shareholders do not have board representation
29) Under Title IX of the Sarbanes-Oxley Act, the penalty for someone who
certifies “any statements as set forth in subsections (a) and (b) of this section
knowing that the periodic report accompanying the statement does not comport .
. .” is
A. No more than $1,000,000.00 or imprisoned no more than 10 years, or both
B. No more than $500,000.00 or imprisoned no more than 6 months, or both
C. No more than $2,000,000.00 or imprisoned no more than 3 years, or both
D. No more than $5,000,000.00 or imprisoned no more than 20 years, or both
30) Which is prohibited under the Sarbanes-Oxley Act?
A. High salaries for corporate executives
B. Using an independent accounting firm for audit purposes
C. Public companies making personal loans to their directors and executives
D. Directors and executives attending board meetings on a regular basis
1) Which of the following is a distinguishing feature of a common law legal
system?
8. 2) Which best describes the types of agency authority held by officers of a
corporation?
3) If an LLC fails to follow formalities such as keeping minutes of meetings, which
of the following is true?
4) Martha started a flower shop as a sole proprietor. After 1 year, she was forced
to close the shop because business was so bad. At that time, the business assets
totaled $50,000, but the business liabilities totaled $125,000. Which of the
following statements is true?
5) Partners of a general partnership
6) Which of the following forms of alternative dispute resolution allows both
parties to see the strengths and weaknesses of both sides of the case through the
presentation of evidence?
7) A ___________ is a court-appointed party who conducts a private trial and
renders a judgment
8) What is a form of alternative dispute resolution that is often used when the
parties involved do not want to face one another?
9) Which of the following is true regarding mediation?
10) There are no accountants on the board of the Oriole Corporation, a privately
held corporation. The board routinely relies on a Certified Public Accountant
(CPA) to explain the financial situation of the corporation. The board does not do
an independent analysis of the CPA’s report. In these circumstances, the board is
11) Self-dealing by a director of a corporation can best be described as
12) Which of the following is likely to be a breach of a corporate officer or
director’s duty of care?
13) In what ways may officers and directors be protected by the corporation from
liability for actions taken as an officer or director?
9. 14) If a plaintiff voluntarily participates in a risky activity that results in injury,
what is the most likely defense to a claim that the plaintiff assumed the risk?
15) Mark is the treasurer of Sky-Hi Tech Corporation and, as such, he is
responsible for protecting the assets of the corporation. One of Mark’s
subordinates, Jill, is in charge of reconciling the monthly corporate bank
statements. Over a period of several months, Jill embezzled a large amount of
money from Sky-Hi Tech, covering up the theft using her bank reconciliations. If
Mark had adequately supervised Jill, she could not have embezzled this money.
Mark’s actions (or inactions) constitute a breach of his duty of
16) Barry buys a new sports car. The car sits low to the ground and because of the
styling; visibility to the rear is limited. About a month after Barry buys the car, he
backs over his pet poodle as he is leaving for work. In his strict liability suit against
the car manufacturer, Barry will
17) If a judge rules that a party lost its case because of the Statute of Frauds, the
judge has essentially stated which of the following?
18) What does the parole evidence rule do?
19) ABC LLC and XYZ Corp. entered into a contract whereby ABC is to supply XYZ
with widgets. After receiving the first shipment of widgets, XYZ finds that the
widgets, while meeting the physical standards specified in the contract, do not
perform as XYZ anticipated. The contract is silent as to performance
specifications, but XYZ suspects that ABC knew that it was manufacturing and
supplying widgets that would not perform according to industry standard. XYZ
initiates a lawsuit against ABC, alleging that ABC knowingly supplied defective
widgets. What process will XYZ use to help it develop its case against ABC?
20) Under the Employee Retirement Income Security Act (ERISA), an employee’s
benefits must vest
21) Which of the following statutes provides that it is legal for employees to
organize a union?
10. 22) William was a factory worker at the Spruce Industries plant. When
management found out that William is gay, he was fired. The plant’s action is
23) Janet is manager of a bank. She has all the qualifications to be promoted to
bank manager. In fact, she is better qualified than any of the men being
considered for the position. However, the owner of the bank believes that bank
customers will LAW/531 not accept a woman as bank manager, so the owner
promotes one of the males. The owner’s actions would best be described as
what?
24) Which one of the following statutes allows a prevailing party to recover
attorney’s fees in an action against the government for an action of an agency?
25) Which of the following would prevent someone from acquiring land by
adverse possession?
26) Which of the following would be classified as tangible personal property, as
opposed to other property categories, such as fixtures or intangible property?
27) As the CEO of a high tech company, you become aware that your chief
competitor is working on a new computer program that will revolutionize your
industry. You know that if you can find out several key functions about the new
product, LAW/531 final exams your own programmers will be able to duplicate
the function of the program without actually copying its code. Which of the
following actions can you ethically take?
28) From a practical perspective, what are some of the elements of Sarbanes-
Oxley?
29) Under Title IX of the Sarbanes-Oxley Act, the penalty for someone who
certifies “any statements as set forth in subsections (a) and (b) of this section
knowing that the periodic report accompanying the statement does not comport .
. .” is
30) Which is prohibited under the Sarbanes-Oxley Act?