Corporate Law Practice Questions
Course Introduction
Corporate Law explores the legal principles and frameworks governing the formation, operation, and regulation of corporations. The course covers topics such as corporate personality, the duties and responsibilities of directors and officers, shareholder rights, corporate finance, mergers and acquisitions, corporate governance, and compliance with securities regulations. Students gain an understanding of how legal structures shape business decision-making, protect stakeholders, and drive corporate accountability. The course also examines current issues and developments in corporate law, preparing students to critically analyze the role of law in the business world.
Recommended Textbook
The Legal Environment of Business Text and Cases 8th Edition by Frank B. Cross
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35 Chapters
1251 Verified Questions
1251 Flashcards
Source URL: https://quizplus.com/study-set/3957
Page 2
Chapter 1: Business and Its Legal Environment
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42 Verified Questions
42 Flashcards
Source URL: https://quizplus.com/quiz/79268
Sample Questions
Q1) Whether a law is constitutional depends on its source.
A)True
B)False
Answer: False
Q2) Statutory law does not include county ordinances.
A)True
B)False Answer: False
Q3) Criminal law focuses on duties that exist between persons.
A)True
B)False Answer: False
Q4) Refer to Fact Pattern 1-A1.Bellamy's opinion is known as
A)a concurring opinion.
B)a dissenting opinion.
C)a majority opinion.
D)a per curiam opinion.
Answer: A
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Page 3
Chapter 2: The Court System
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Sample Questions
Q1) Minimum contacts with a jurisdiction can be sufficient to support jurisdiction over a nonresident defendant.
A)True
B)False
Answer: True
Q2) Concurrent jurisdiction exists when neither federal nor state courts have the power to hear a particular case.
A)True
B)False
Answer: True
Q3) Boyd files a suit in a federal district court against Cathy.Cathy loses the suit,appeals to the U.S.Court of Appeals for the Second Circuit,and loses again.Cathy asks the United States Supreme Court to hear the case.The Court is
A)not required to hear the case.
B)required to hear the case because Cathy lost in a federal court.
C)required to hear the case because Cathy lost in a lower court.
D)required to hear the case because it is an appeal.
Answer: A
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4
Chapter 3: Alternative and Online Dispute Resolution
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Sample Questions
Q1) The goal of mediation is to work out a resolution that benefits both sides.
A)True
B)False
Answer: True
Q2) Alternative dispute resolution methods are generally less expensive and time consuming than actual litigation.
A)True
B)False
Answer: True
Q3) Phil submits his claim against Quito to ReSolve.com,a private,online dispute resolution forum.At any time,an appeal of the dispute to a court may be made by A)no one.
B)Phil only.
C)Phil or Quito.
D)ReSolve.com only.
Answer: C
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Chapter 4: Ethics and Business Decision Making
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Sample Questions
Q1) John is sales manager for Kleen 'N Brite Products,Inc.Compared to John's personal activities,his business activities most likely involve
A)more complex ethical issues.
B)no ethical issues.
C)simpler ethical issues.
D)the same ethical issues.
Q2) Ethical reasoning is the process through which an individual rationalizes whatever action he or she chooses to take.
A)True
B)False
Q3) Lyle,vice-president of sales for Mi-T Electric,Inc. ,adheres to Judeo-Christian religious ethical standards.With respect to their application,these standards are A)absolute.
B)analytical.
C)discretionary.
D)utilitarian.
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Chapter 5: Constitutional Law
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Sample Questions
Q1) The First Amendment does not protect corporate political speech.
A)True
B)False
Q2) Parker owns and operates Rancho Mirage Corporation,a destination resort in Arizona that features horseback riding and bunkhouse accommodations.The Constitution provides that no person shall be deprived of "life,liberty,or property without due process of law." Included as "legal persons" under this clause are
A)the bunkhouses and other "manmade creations."
B)the corporation and Parker.
C)horses and other "beings in nature."
D)none of the choices.
Q3) Enterprising Markets Coalition (EMC),a political lobbying group,wants a certain policy enacted into law.If EMC's policy conflicts with the U.S.Constitution,a law embodying it can be imposed by A)Congress.
B)a federal court.
C)a state legislature.
D)none of the choices.
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Chapter 6: Administrative Law
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Sample Questions
Q1) With some exceptions,every portion of every meeting of the Federal Reserve System Board of Governors and other federal administrative agencies must be open to public observation under
A)no federal or state law.
B)the Freedom of Information Act.
C)the Government-in-the-Sunshine Act.
D)the Public Accountability Act.
Q2) Frequently,disputes over violations of administrative rules are resolved through informal adjudication proceedings.
A)True
B)False
Q3) Federal administrative agencies can regulate beyond the powers granted by enabling legislation.
A)True
B)False
Q4) Like statutory law,administrative law is created by legislatures.
A)True
B)False
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Page 8
Chapter 7: Criminal Law and Cyber Crime
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Sample Questions
Q1) A person who commits larceny can be sued under tort law.
A)True
B)False
Q2) Vance points a gun at Workman,threatening to shoot him.Workman hits Vance,causing his death.Charged with homicide,Workman can successfully claim as a defense
A)nothing.
B)duress.
C)entrapment.
D)self-defense.
Q3) Rock pushes Sylvia to the ground,grabbing her purse as she falls.The use of force or fear is required for this act to constitute A)burglary. B)forgery.
C)larceny.
D)robbery.
Q4) Most cyber crimes are "new" crimes.
A)True
B)False
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Chapter 8: International Law in a Global Economy
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Sample Questions
Q1) Under the principle of comity,a foreign business that deals with a U.S.business may be subject to U.S.law.
A)True
B)False
Q2) In the global environment of business,the law of a particular nation,such as Brazil,China,or India,is classified as
A)environmental law.
B)global law.
C)international law.
D)national law.
Q3) Few nations have restrictions on imports.
A)True
B)False
Q4) Simpatico Business,Inc. ,a U.S.firm,expands into international markets through a joint venture.In the venture,Simpatico shares
A)both the profits and liabilities.
B)none of the profits or liabilities.
C)the profits but not the liabilities.
D)the liabilities but not the profits.
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Chapter 9: Contract Formation
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Sample Questions
Q1) Jenna,a minor acting on her own,signs a contract to buy a horse and its tack from Field Equine Ranch.Later,after taking possession of the horse and tack,Jenna disaffirms the deal.She
A)can keep the horse and the tack.
B)can keep the horse but not the tack.
C)can keep the tack but not the horse.
D)must return both the horse and the tack.
Q2) An acceptance subject to new conditions implicitly rejects the offer.
A)True
B)False
Q3) Kelsey promises to pay Jon,her son,$5,000 if he obtains his degree at Ivy University,where he is currently in his second year.Jon graduates.Kelsey is
A)not required to pay,because Jon was already at Ivy.
B)not required to pay,because obtaining a degree benefits Jon.
C)required to pay,because a job can be hard to find after college.
D)required to pay,because Jon obtained a degree at Ivy.
Q4) A contract involving property of any kind must be in writing to be enforceable.
A)True
B)False
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Chapter 10: Contract Performance,breach,and Remedies
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Sample Questions
Q1) A contract may include a clause stating that no damages can be recovered for a certain type of breach.
A)True B)False
Q2) Specific performance is the remedy customarily used when one party has breached a contract for the sale of goods.
A)True B)False
Q3) The purpose of the doctrine of election of remedies is to permit a double recovery. A)True B)False
Q4) Ray breaches his lease with Sunny Properties and vacates the premises six months before the end of the term.In some states,Sunny would have to
A)avoid reletting the premises to recover damages from Ray.
B)make reasonable efforts to relet the premises to mitigate damages.
C)relet the premises to recover damages from Ray.
D)sell the premises to recover damages from Ray.
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Chapter 11: Sales,leases,and E-Contracts
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Sample Questions
Q1) A lessee is a party who transfers a right to the possession and use of goods under a lease.
A)True
B)False
Q2) Mitchell buys 100 bales of hay from New Grain Fields.The parties agree that the hay will be transported "F.O.B.New Grain Fields" via Farm County Trucking Company.Farm County's truck and the hay are lost in a fire following an accident.The loss is suffered by A)Mitchell.
B)New Grain Fields.
C)Farm County Trucking.
D)all of the parties in equal measure.
Q3) Sari buys a new sport utility vehicle (SUV)from 'Tastic Cars & Trucks,Inc.The most important factor in determining whether an express warranty is created is whether
A)Sari expresses to 'Tastic what she wants warranted.
B)Sari's desire for the SUV becomes part of her motivation to deal.
C)'Tastic expresses to Sari what it expects of its customers.
D)'Tastic's promise becomes part of the basis of the bargain.
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Page 13
Chapter 12: Torts and Cyber Torts
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Sample Questions
Q1) In an emergency situation,Milena,an emergency medical technician,renders aid to Lothar,who needs help.Lothar would most likely be prohibited from suing Milena for negligence under A)any circumstances.
B)a Good Samaritan statute.
C)a social host statute.
D)no circumstances.
Q2) Under the "danger invites rescue" doctrine,a person who tries to rescue another individual from harm is liable for any injuries to the individual.
A)True
B)False
Q3) From a computer in a distant location,Sergio searches Tia's personal computer without her permission.Sergio is most likely liable for A)appropriation.
B)conversion.
C)invasion of privacy.
D)no tort.
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Chapter 13: Strict Liability and Product Liability
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Sample Questions
Q1) Many jurisdictions will consider the negligent actions of both the plaintiff and the defendant when apportioning liability in a product liability action.
A)True
B)False
Q2) Sellers or lessors are liable only for products that are reasonably dangerous.
A)True
B)False
Q3) Reilly makes a fraudulent misrepresentation to Sonny,a consumer,who buys Reilly's product.In using the product,Sonny suffers an injury.To serve as a basis for recovery,the misrepresentation must concern
A)a material fact.
B)a national fact.
C)an ethereal fact.
D)a scientific fact.
Q4) A product liability action may be based on warranty theories. A)True
B)False
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15
Chapter 14: Intellectual Property and Internet Law
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Sample Questions
Q1) Trevor's business is The Spicy Chocolatier Café chain."The Spicy Chocolatier Café" is
A)a certification mark.
B)a collective mark.
C)a service mark.
D)a trade name.
Q2) Canada and the United States are signatories of the Berne Convention.Doug,a citizen of Canada,publishes a book first in Canada and then in the United States.Doug's copyright must be recognized by
A)Canada only.
B)Canada and the United States only.
C)all of the signatories of the Berne Convention.
D)none of the choices.
Q3) Ric designs a new computer hard drive,which he names "Sci Phi." He also writes the operating manual to be included with each final product.Ric could obtain patent protection for
A)the hard drive only.
B)the name only.
C)the operating manual only.
D)the hard drive,the name,and the operating manual.
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Page 16
Chapter 15: Creditor-Debtor Relations and Bankruptcy
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Sample Questions
Q1) A surety is primarily liable for the debt of a principal.
A)True
B)False
Q2) Doral,Eduard,and Francesca are co-sureties of Glenda's debt to Hi-Credit Company.Doral pays Glenda's entire debt.Doral's right to seek proportionate payments from Eduard and Francesca is the right of A)contribution.
B)redemption.
C)reimbursement.
D)subrogation.
Q3) An artisan's lien is possessory.
A)True
B)False
Q4) Kenyon files a petition for bankruptcy.Kenyon must include with the petition
A)a plan to turn over his future income to the trustee.
B)a certificate proving attendance at a credit-counseling briefing.
C)a provision of adequate means for the petition's execution. d a statement of preference for one creditor over another.
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Chapter 16: Mortgages Foreclosures After the Recession
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Sample Questions
Q1) Consumer Mortgage Loans provides Demi with a mortgage to buy a home.Under the terms,Demi can choose to pay only the interest portion of the monthly payments and forgo paying of the principal for five years.This is
A)a fixed-rate mortgage.
B)an adjustable-rate mortgage.
C)an interest-only mortgage.
D)a violation of the law.
Q2) Due to a lower default rate,lenders charge a lower interest rate for subprime loans.
A)True
B)False
Q3) A reverse mortgage starts as a fixed-rate mortgage and then converts into an adjustable-rate mortgage.
A)True
B)False
Q4) Lenders can require balloon payments for loans with terms of five years or less. A)True
B)False
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18
Chapter 17: Sole Proprietorships, franchises, Partnerships
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Sample Questions
Q1) Jim and Kyle are partners in J&K Sales,which exports technical equipment under a three-year partnership agreement.The U.S.government declares that the equipment can no longer be exported.J&K
A)dissolves as soon as the stated term expires.
B)dissolves as soon as the partners agree to dissolve it.
C)dissolves immediately unless the partners change its business.
D)does not dissolve.
Q2) Real Events Promotion Corporation licenses trademarks to Stadium Souvenirs,Inc. ,to use in selling caps,sweatshirts,and similar goods.This is
A)a franchise.
B)an entrepreneur.
C)a principal-agent relationship.
D)a sole proprietorship.
Q3) Typically,the franchisee determines the territory to be served by the franchise.
A)True
B)False
Q4) A sole proprietorship lacks continuity on the death of the proprietor.
A)True
B)False
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Chapter 18: Limited Liability Companies and Limited Partnerships
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Sample Questions
Q1) Location! Realty LLC is a limited liability company.Like other LLCs,for federal jurisdictional purposes,Location! Realty is most likely a citizen of A)all states.
B)every state in which its members are citizens.
C)no state.
D)only the state in which it was formed.
Q2) A limited liability company is not a citizen of any state.
A)True
B)False
Q3) B2B,LLC,is a limited liability company.Among its members,a dispute arises that the operating agreement does not cover.The dispute is governed by A)the applicable state LLC statute.
B)the federal Uniform LLC Law.
C)the principles of partnership law.
D)the state corporation statute.
Q4) A limited liability company as an entity is not liable for the wrongful acts or omissions of its members.
A)True
B)False
20
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Chapter 19: Corporations
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Sample Questions
Q1) VeriVisual Company makes HD 3D film and video equipment.VeriVisual is like most corporations in that its officers are hired by the firm's
A)board of directors.
B)incorporators.
C)other officers.
D)shareholders.
Q2) An agreement between shareholders to restrict the transfer of a closely held corporation's stock is illegal.
A)True
B)False
Q3) Shareholders are the ultimate authority in every corporation.
A)True
B)False
Q4) Directors are not obligated to refrain from self-dealing.
A)True
B)False
Q5) Every shareholder is entitled to examine specified corporate records.
A)True
B)False
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Chapter 20: Agency
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Sample Questions
Q1) Acts of a purported agent in and of themselves can create an agency by estoppel.
A)True
B)False
Q2) An agent has the implied authority to do what is reasonably necessary to carry out express authority.
A)True
B)False
Q3) Refer to Fact Pattern 20-1A.Liability to Shana for nonperformance of the contract may be imposed on
A)neither Ulani nor Thoroughbred Stallions.
B)Ulani and Thoroughbred Stallions.
C)Ulani only.
D)Thoroughbred Stallions only.
Q4) Cory employs Daily Delivery Agency as an agent under a written agreement that describes the rights and duties of both parties.This is
A)apparent authority.
B)equal authority.
C)express authority.
D)implied authority.
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Chapter 21: Employment Relationships
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Sample Questions
Q1) Ewa is a current employee of Financial Accounting,Inc.Gomer,a former Financial employee who is currently unemployed,collects unemployment compensation.This is provided by a tax on A)Ewa and Gomer only.
B)Ewa,Financial,and Gomer.
C)Financial only.
D)none of these parties.
Q2) Lee works as an employee for Maximum Industries,Inc. ,a private employer.Maximum announces that it will start random drug testing of its employees.If Lee resists this policy,he may look for protection under
A)a federal administrative agency rule.
B)a state constitution or statute.
C)the U.S.Constitution.
D)all of the choices.
Q3) Under federal law,the term wages includes only a set amount of pay expressed in dollars.
A)True
B)False
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23
Chapter 22: Employment Discrimination
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Sample Questions
Q1) Origami Paper Products Corporation meets all of the requirements to be subject to the federal employment discrimination laws.These laws restrict the ability of employers to discriminate against workers on the basis of A)experience.
B)gender.
C)intelligence. D)skill.
Q2) Gelato Cheese Company,a major processor of cheese sold throughout the United States,employs one hundred workers at its principal processing plant.The plant is located in Heartland Corners,which has a population that is 50 percent white and 25 percent African American,with the balance Hispanic American,Asian American,and others.Gelato requires a high school diploma as a condition of employment for its cleaning crew.Three-fourths of the white population completed high school,compared with only one-fourth of those in the minority groups.Gelato has an all-white cleaning crew.Has Gelato violated the Civil Rights Act of 1964 Explain.
Q3) The Civil Rights Act of 1964 does not prohibit job discrimination in the hiring process. A)True B)False
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24
Chapter 23: Immigratiion and Labor Law
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Sample Questions
Q1) Boz,a clerk for a Cheezy Burger,Inc. ,restaurant goes out on strike with the other employees.After the strike,Boz must be given his job back if there is still work at the restaurant and the strike was
A)a lawful economic strike.
B)an "excuse" for a few days off.
C)an unjustified strike.
D)an unlawful "practice" strike.
Q2) During a union election campaign at Builders & Pavers Corporation,the employer asks the employees to publicly state their personal views on unionization.This is an unfair labor practice
A)only if it is a condition of continued employment.
B)only if the employees do not want to state their views.
C)under all circumstances.
D)under no circumstances.
Q3) During a union election campaign,employers can undertake certain types of surveillance to identify union supporters.
A)True
B)False
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Chapter 24: Consumer Protection
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Sample Questions
Q1) Frosty's Appliance Store advertises freezers at a "Special Low Price of $299." When Garth tries to buy one of the freezers,Huey,the salesperson,tells him that they are all sold and no more are obtainable.Huey adds that Frosty's has other freezers for $2,299.This is A)a legitimate sales technique.
B)bait-and-switch advertising.
C)counteradvertising.
D)puffery.
Q2) A collection agency must include a validation notice whenever it initially contacts a debtor for payment of a debt.
A)True
B)False
Q3) Through unfair trade practices,Super Sales Company induces Trey and other consumers to enter into one-sided deals.This may be subject to sanctions under A)federal and state law.
B)federal law only.
C)no law,according to the principles of freedom to contract. D)state law only.
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Chapter 25: Environmental Law
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Sample Questions
Q1) Fried Food,Inc. ,operates a commercial frying plant,discharging pollutants into the air.Greg reports the violations to the Environmental Protection Agency.Greg
A)is not entitled to a payment.
B)may be paid up to any amount.
C)may be paid up to $1,000.
D)may be paid up to $10,000.
Q2) Congress enacts air quality legislation.To implement and enforce this law,as is typical of other environmental statutes and regulations,the federal government will most likely rely on
A)all levels of government.
B)local chambers of commerce.
C)local police departments.
D)polluters' self-monitoring.
Q3) All environmental law consists of statutes and regulations.
A)True
B)False
Q4) The Environmental Protection Agency defines wetlands as "lands that are wet."
A)True
B)False
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Chapter 26: Real Property Land-Use Control
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Sample Questions
Q1) Most states allow the government to take private property for a private use.
A)True
B)False
Q2) Metro City Zoning Board limits the number of residential building permits in an area otherwise zoned for the use,precluding Nan,whose proposed structure complies with all other requirements,from constructing a residence on her property within the area.This is
A)a growth-management ordinance.
B)a subdivision regulation.
C)a zoning use restriction.
D)a zoning variance.
Q3) Cow Country Corporation (CCC)sells half of its land to the Double R Ranch.On the land is a reservoir.In the deed,CCC retains the right to remove a limited amount of water per day from the reservoir.This right is
A)a leasehold estate.
B)a license.
C)an easement.
D)a profit.
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28
Chapter 27: Antitrust and Monopoly
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Sample Questions
Q1) For products that are sold nationwide,there are no geographic boundaries for the relevant market.
A)True
B)False
Q2) An antitrust action is brought against Tri-State Transport Company,alleging the offense of attempted monopolization.To be guilty of this offense,Tri-State's attempt must have
A)a dangerous probability of success.
B)a deadly guaranty of success.
C)a distant possibility of success.
D)a distinct improbability of success.
Q3) Futuro Products,Inc. ,has exclusive control over the market for its product.Futuro's market power is subject to evaluation under
A)the Clayton Act.
B)the Federal Trade Commission Act.
C)the Interstate Commerce Act.
D)the Sherman Act.
Q4) Unilateral conduct cannot result in a violation of antitrust law.
A)True
B)False
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Chapter 28: Antitrust and Restraints of Trade
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Sample Questions
Q1) A merger between firms that compete with each other in the same market is a vertical merger.
A)True
B)False
Q2) By contract,Quality Metals Corporation forbids Resource Refining,Inc. ,a wholesale buyer of Quality's products,from purchasing the products of Quality's competitors.This exclusive-dealing contract is allowed
A)under any circumstances.
B)unless its effect is to cause a competitor a loss of any business.
C)unless its effect is to substantially lessen competition.
D)unless there is no effect on a competitor.
Q3) Territorial and customer restrictions are currently considered per se violations of antitrust law.
A)True
B)False
Q4) A unilateral refusal to deal with a particular person or firm never violates antitrust law.
A)True
B)False
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Chapter 29: Investor Protection and Corporate Governance
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Sample Questions
Q1) Refer to Fact Pattern 29-1A.If Fresh is exempt from the federal registration requirement,Fresh is
A)automatically exempt from any state registration requirement.
B)not subject to any state securities laws.
C)not necessarily exempt under a state registration requirement.
D)automatically subject to all state registration requirements.
Q2) Players Video Game Centers,Inc. ,wants to issue stock of $1 million in a single offering.Players must provide all investors with material information about itself,its business,and its securities if
A)all investors are accredited.
B)under any circumstances.
C)any investors are accredited.
D)any investors are unaccredited.
Q3) Under the Sarbanes-Oxley Act of 2002,chief executive officers no longer need to certify the accuracy of information in corporate financial statements.
A)True
B)False
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Chapter 30: Part I: The Foundations
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Q1) Capital Credit Company files a suit against Downtown Developers,Inc. ,and seeks,as part of discovery,certain electronic documents in Downtown's possession.Downtown did not preserve the requested data-e-mail messages among employees.The court is not likely to sanction Downtown if
A)the data was not saved because there was no reasonable anticipation of litigation.
B)Downtown can provide the e-mail but without attachments.
C)Downtown inadvertently failed to suspend its e-mail deletion system.
D)Downtown can provide e-mail the employees sent but not e-mail they received.
Q2) Mike casts unwarranted doubts on Nina,a co-worker,to gain a job promotion.This is unethical
A)only if Mike is caught.
B)only if Mike gets the promotion.
C)under any circumstances.
D)under no circumstances.
Q3) Ethical behavior on the part of Plastics Products Company may be inhibited by
A)clear ethical standards.
B)collective decision making.
C)legislative determinations of what represents society's best interest.
D)managers' dissent to unethical decisions.
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Page 32
Chapter 31: Part II: The Public and International Environment
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Q1) Pitter Pater Corporation is a U.S.firm that does business internationally.Among the ethical challenges facing Pitter Pater and other firms is the role of women because some countries
A)accept any professional role for women.
B)expect any professional role for women.
C)protect any professional role for women.
D)reject any professional role for women.
Q2) Catalyst Corporation is a small,U.S.-based business that makes sophisticated polymers for export.Under the National Export Initiative,the federal government is
A)erecting barriers to deny free access to foreign markets.
B)boosting lending to small businesses,especially for export purposes.
C)placing less emphasis on exports than other governments.
D)playing a less active role in promoting exports in emerging markets.
Q3) Lauren,a basketball coach at State University,schemes to fraudulently obtain scholarships for her team's players.This is most likely
A)honest-services fraud,a federal crime.
B)a violation of collegiate athletic rules but no crime.
C)a breach of university rules but no civil or criminal wrong.
D)unethical but no crime.
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Page 33
Chapter 32: Part III: The Commercial Environment
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Q1) Hamidi,a coffee farmer in Kenya,forms an alliance with Guthrie,an importer and marketer in Ireland.Their products carry a Fair Trade label.This means that Hamidi
A)accepts whatever price for his products that the market will bear.
B)produces crops with genetically modified organisms.
C)puts children to work whenever possible.
D)uses environmentally sustainable farming methods.
Q2) Dale's debts are discharged in a liquidation bankruptcy.With respect to Dale's prebankruptcy debt,Even Stevens Credit Reporting Agency must automatically report A)nothing.
B)the debt as "discharged," except the nondischargeable debt.
C)the debt as "discharged," including the nondischargeable debt.
D)the debt as "unpaid."
Q3) The Anti-Counterfeiting Trade Agreement is most likely to establish an international governing body to be
A)subject to the World Intellectual Property Organization.
B)under the auspices of the World Trade Organization.
C)part of the Internet Corporation for Assigned Names and Numbers.
D)separate and distinct from existing groups.
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34
Chapter 33: Part IV: The Business Environment
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Q1) Kirby is a manager of Jumpstart Fitness LLC,a limited liability company.Jumpstart is formed in a state that imposes fiduciary duties on LLC managers.Kirby owes these duties to
A)Jumpstart's members.
B)Jumpstart's suppliers.
C)Jumpstart's customers.
D)none of the choices.
Q2) Beyond Gamez,Inc. ,a video game retailer based in California,does business in all fifty states exclusively online.According to New York state tax law,an out-of-state online retailer must collect and remit state taxes to New York if the retailer
A)plans to establish a substantial physical presence in New York.
B)targets a potential marketing base in New York.
C)maintains a Web site accessible in New York.
D)pays a party within New York to solicit business for its products.
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Chapter 34: Part V: The Employment Environment
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Q1) Desmond is Cassandra's agent.Despite ethical concerns,Cassandra's legal duties to Desmond do not include
A)compensation.
B)cooperation.
C)loyalty.
D)reimbursement.
Q2) Paisley works for Rick's Air Conditioning & Heating Service.Reasons for holding Rick's liable under the doctrine of respondeat superior for Paisley's tort injuring Nikki do not include the employer's
A)ability to afford Nikki more effective relief.
B)ability to pay for Nikki's injury.
C)control over Paisley.
D)guilt or innocence.
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Chapter 35: Part VI: The Regulatory Environment
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Q1) Cool Corporation makes energy-saving air conditioning units.Cool anticipates a change in the demand for its products as a consequence of climate change.One argument in favor of requiring Cool to disclose this information is that it could lead to
A)additional protections under the Sarbanes-Oxley Act of 2002.
B)an increase in the number of shareholder suits against competitors.
C)sound investment decisions by investors.
D)the conversion of Cool from publicly held to privately held.
Q2) The U.S.Green Building Council verifies that a building meets certain standards before issuing a Leadership in Energy and Environmental Design (LEED)certification.Lolly hires Myron,a subcontractor,and insists that his work conform to the requirements of the LEED rating system.If the standards are not conformed to,then
A)certain tax credits may not be available.
B)the U.S.Green Building Council may impose sanctions.
C)Lolly must pay "just compensation" to the local zoning authority.
D)Myron may be denied a zoning variance.
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