Introduction to Business Law Pre-Test
Questions
Course Introduction
Introduction to Business Law provides students with a comprehensive overview of the fundamental legal principles and frameworks that govern business activities. The course covers key topics such as the structure of the legal system, contract law, torts, agency relationships, business organizations, and regulatory issues affecting businesses. Emphasis is placed on understanding legal terminology, recognizing potential legal problems, and applying basic legal concepts to real-world business scenarios. Through case studies and practical examples, students develop critical thinking skills necessary to identify legal risks and make informed decisions within the context of business operations.
Recommended Textbook
The Legal Environment of Business Text and Cases 8th Edition by Frank B. Cross
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Chapter 1: Business and Its Legal Environment
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Sample Questions
Q1) In an action against Elin,Frank obtains a remedy.This is
A)an administrative agency's enforcement of its rule.
B)a principle of the law derived from earlier court cases.
C)a statute enacted by a state legislature or Congress.
D)the legal means to recover a right or to redress a wrong.
Answer: D
Q2) Craig is a state court judge.In his court,as in most state courts,legal and equitable remedies have merged.But it is important to distinguish between equitable and legal remedies
A)because neither type of remedy can be granted today.
B)for no good reason.
C)to negotiate an enforceable business contract.
D)to request a proper remedy.
Answer: D
Q3) Uniform laws apply in all states,including those in which the laws have not been adopted.
A)True
B)False
Answer: False
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Page 3
Chapter 2: The Court System
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Sample Questions
Q1) To prepare for a trial between Condo Development Corporation and Demo Construction Company,Condo's attorney places Demo's president under oath.An authorized court official makes a record of the attorney's questions and the officer's answers.This is
A)a cross examination.
B)a deposition.
C)e-evidence.
D)an interrogatory.
Answer: B
Q2) Ginger wants to file a suit against Fred.For a court to hear the case
A)Fred must agree.
B)the court must have jurisdiction.
C)the parties must have no minimum contact with each other.
D)the parties must own property.
Answer: B
Q3) A trial commences with the plaintiff's attorney's direct examination of the first witness.
A)True
B)False
Answer: False
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Chapter 3: Alternative and Online Dispute Resolution
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Sample Questions
Q1) A court's scope of review on the appeal of an arbitrator's award may be restricted.
A)True
B)False
Answer: True
Q2) Rocko Corporation,a U.S.firm,and Siena,S.A. ,a Columbian firm,enter into a contract providing that any dispute between them will be heard in a specific British court.Litigation between Rocko and Siena over a dispute involving this contract may occur in
A)a Columbian court only.
B)a court in Columbia,the United States,or Great Britain.
C)a U.S.court only.
D)the specified British court only.
Answer: D
Q3) The award in court-annexed arbitration is always binding on the parties.
A)True
B)False
Answer: False
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5
Chapter 4: Ethics and Business Decision Making
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Sample Questions
Q1) Made4U Goods,Inc. ,asks its employees,many of whom are members of the National Machinists Union,to apply the utilitarian theory of ethics.This theory does not require
A)a choice among alternatives to produce the maximum societal utility.
B)a determination of whom an action will affect.
C)an assessment of the effects of alternatives on those affected.
D)the acquiring of the means of production by workers.
Q2) Flexo Trucking Company transports hazardous waste.Garn is a Flexo driver,whom the company knows drives longer hours than federal regulations permit.One night,Garn exceeds the limit and has an accident.Spilled chemicals contaminate Hill City's water source,forcing the residents to move away.Flexo acted unethically because
A)Flexo showed reckless disregard for Hill City's residents and others.
B)Garn exceeded the federal time limit.
C)harm was caused by an unfortunate accident.
D)Hill City should have better protected its water source.
Q3) Restricting the bonuses that are paid to executives is unethical.
A)True
B)False
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Page 6
Chapter 5: Constitutional Law
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Sample Questions
Q1) The establishment clause of the U.S.Constitution prohibits the federal government from promoting a religion.
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) Reusable Energy Corporation regularly expresses opinions on political issues.Under the First Amendment,corporate political speech is
A)discouraged.
B)forbidden.
C)protected.
D)required.
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Chapter 6: Administrative Law
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Sample
Questions
Q1) The U.S.Fish and Wildlife Service uses notice-and-comment rulemaking.This involves a period during which
A)judges,legislators,and the president are asked about a proposed rule.
B)potential violators of a proposed rule are notified and publicized.
C)the administrators "notice" a problem and "comment" on it.
D)the public is asked to comment on a proposed rule.
Q2) Federal administrative agencies can regulate beyond the powers granted by enabling legislation.
A)True
B)False
Q3) The Nuclear Regulatory Commission (NRC)files a complaint against General Construction Corporation (GCC).GCC may want to settle the dispute,before formal adjudicatory proceedings begin,to avoid
A)appearing uncooperative.
B)eliminating the need for additional proceedings.
C)rectifying the problem to the NRC's satisfaction.
D)saving the expense of formal proceedings and later appeals.
Q4) Like statutory law,administrative law is created by legislatures.
A)True
B)False
Page 8
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Chapter 7: Criminal Law and Cyber Crime
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Sample Questions
Q1) Vishing is phishing that involves voice communication.
A)True
B)False
Q2) Plato works for Quirky Squirters,Inc.During work hours,Plato "steals" his employer's computer time to start up his own business,Rowdy Drenchers.This is A)burglary.
B)robbery.
C)larceny.
D)no crime.
Q3) A defendant may be relieved of liability by showing that a criminal act was necessary to prevent an even greater harm.
A)True
B)False
Q4) A misdemeanor is a crime punishable only by a fine.
A)True
B)False
Q5) Picking pockets is not robbery.
A)True
B)False
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Chapter 8: International Law in a Global Economy
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Sample Questions
Q1) Wang Ltd. ,a Chinese firm,imports its goods into the United States and offers those goods for sale at "less than fair value." This is
A)confiscation.
B)defalcation.
C)dumping.
D)expropriation.
Q2) Senator Smith and other politicians want to restrict the flow of technologically advanced products and data from the United States to other countries.To restrict or encourage exports,Congress can
A)do nothing.
B)assess antidumping duties.
C)impose export taxes.
D)set export quotas.
Q3) An international custom is a general practice accepted in the international arena as law.
A)True
B)False
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Chapter 9: Contract Formation
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Sample Questions
Q1) Vicky contracts with Rashad for the delivery of hospice services to benefit Sigmund.This is
A)a delegation.
B)an assignment.
C)a third party beneficiary contract.
D)not an enforceable contract.
Q2) On behalf of the jazz group Synco-Passion,their manager Raul agrees to a performance in the Quay Club on May 1.Portia,acting for Quay Club,sends a written copy of the agreement to Raul to be signed.Typically,businesspersons put their contracts in writing to
A)ensure proof of the contracts' existence.
B)create substance from form.
C)obtain a check or other negotiable instrument.
D)practice their "letters of credit."
Q3) Ed,a businessperson,is a friend of Fran,the owner of a candy store.Every day,Ed spends five minutes in Fran's candy store,looking at the candy and usually buying one or two candy bars.One afternoon,Ed goes into the store,looks at the candy,and picks up a $1 candy bar.Ed waves the candy at Fran without saying a word and walks out.Is there a contract If so,how would it be classified in terms of formation,performance,and enforceability
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Chapter 10: Contract Performance,breach,and Remedies
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Sample Questions
Q1) SFX Paintball Games,Inc. ,and Truck & Trailer Delivery Corporation sign an agreement that provides for the payment of "$1,000 by whichever party commits a material breach of the contract that creates damages difficult to estimate but approximately $1,000." This is
A)a liquidated damages clause.
B)a mitigation of damages clause.
C)a nominal damages clause.
D)a penalty clause.
Q2) Rural Power Utility,Inc. ,enters into a contract with Shovel Excavation Service to dig up,replace,and rebury Rural's cables in a certain location.Rural advances Shovel 10 percent of its cost.The parties rescind the contract.Shovel's refund of the payment is
A)a penalty.
B)liquidated damages.
C)restitution.
D)a breach of contract.
Q3) Compensatory damages are foreseeable damages that arise from a party's breach of a contract.
A)True
B)False
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Page 12
Chapter 11: Sales,leases,and E-Contracts
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Sample Questions
Q1) Quinn enters into a series of agreements with Reba involving a sale of a Suite Dreams Motel,including the land,building,furnishings,shares of stock in Suite Dreams Company,and a contract with Trudy to create an ad campaign.Reba suspects that Quinn may be misrepresenting the facts.The UCC Statute of Frauds governs the sale of
A)any of the property evidenced by a writing.
B)any of the property that may involve fraud.
C)the furnishings priced at $500 or more.
D)the land and the building.
Q2) Consuelo and Gabriela enter into a contract for a sale of saxophones and other brass instruments.Consuelo delivers,but Gabriela does not pay.Consuelo can normally recover as damages
A)any profit lost minus any loss avoided.
B)whatever amount the seller wishes to claim.
C)the purchase price plus incidental damages.
D)the market price at the place at which the seller delivered the goods.
Q3) Implied warranties can arise as a result of a course of dealing.
A)True
B)False
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13
Chapter 12: Torts and Cyber Torts
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Sample Questions
Q1) An artisan's lien is a defense to a charge of trespass to personal property.
A)True
B)False
Q2) Kay carelessly bumps into Lyle,knocking him to the ground.Kay has committed the tort of negligence
A)only if Lyle is injured.
B)only if Lyle is not injured.
C)under any circumstances.
D)under no circumstances.
Q3) The degree of care to be exercised in a situation can vary with a person's profession or occupation.
A)True
B)False
Q4) An Internet service provider is generally not liable for publishing a defamatory statement that comes from a third party.
A)True
B)False
Q5) Under the theory of negligence,the duty of care requires an intentional act.
A)True
B)False
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Chapter 13: Strict Liability and Product Liability
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Sample Questions
Q1) Medic Equip,Inc. ,makes medical devices.Naomi is injured while using a Medic pacemaker and sues the maker for product liability based on strict liability.To win,Naomi must show that
A)Medic did not use due care with respect to the pacemaker.
B)Naomi was in privity of contract with Medic.
C)Medic misrepresented a material fact on which Naomi relied.
D)none of the choices.
Q2) 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
Q3) Yard Tool Company makes and leases a backhoe to Zack.Due to a defect attributable to Yard Tool's negligence,Zack is injured in an accident in which his neighbor Aron is also hurt.In a product liability suit based on negligence,Yard Tool may be liable to A)Aron only.
B)no one.
C)Zack and Aron.
D)Zack only.
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Chapter 14: Intellectual Property and Internet Law
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Sample Questions
Q1) International copyright protection is automatic-even in nations that have not signed international agreements relating to intellectual property rights.
A)True
B)False
Q2) Pola develops a new espresso machine,which she names "Sure Shot." She also writes the operating manual.Pola can obtain trademark protection for A)the espresso machine.
B)the "newness" of the espresso machine.
C)the name.
D)the operating manual.
Q3) A trade name cannot be registered with the federal government unless it is also a trademark or a service mark.
A)True
B)False
Q4) A certification mark distinguishes products approved,or "certified," by the government.
A)True
B)False
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Page 16
Chapter 15: Creditor-Debtor Relations and Bankruptcy
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Sample Questions
Q1) If a creditor obtains a judgment against a debtor and the debtor cannot or will not pay the judgment,the dispute is at an end.
A)True
B)False
Q2) Francie's debt to Gage is past due.Gage brings a legal action against Francie to collect the debt.To ensure that a judgment in Gage's favor will be collectible,Gage asks the court to order the seizure of Francie's property.This is a request for
A)a guaranty (or suretyship)contract.
B)an order that would violate most state laws.
C)a writ of attachment.
D)an order of receivership.
Q3) Swim & Trim Fitness Corporation wants to formulate a plan under which it pays a portion of its debts and is discharged of the remainder while continuing in business.To accomplish this goal,Swim & Trim should file a petition in bankruptcy for relief through A)a liquidation.
B)a reorganization.
C)a repayment plan.
D)a family-farmer bankruptcy plan.
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Page 17
Chapter 16: Mortgages Foreclosures After the Recession
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Sample Questions
Q1) Foreclosure is the postponement,for a limited time,of part or all of the payments on a loan in jeopardy of repossession and sale.
A)True
B)False
Q2) Velma borrows $110,000 from Watershed Bank to buy a home.If she fails to make payments on the mortgage,the bank has the right to repossess and auction off the property securing the loan.This is
A)a short sale.
B)forbearance.
C)foreclosure.
D)the equitable right of redemption.
Q3) With an adjustable-rate mortgage,the rate of interest paid by the borrower changes periodically.
A)True
B)False
Q4) Due to a lower default rate,lenders charge a lower interest rate for subprime loans.
A)True
B)False
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18
Chapter 17: Sole Proprietorships, franchises, Partnerships
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Sample Questions
Q1) Good faith and fair dealing are not important in terminating a franchise relationship.
A)True
B)False
Q2) Dominique buys a franchise from Cheyenne Artisans,Inc.This provides Cheyenne with an outlet for the firm's goods,some of which Dominique is required to buy at an established price.In their agreement,Cheyenne may also specify
A)the franchisor's non-culpability for any breach of the agreement.
B)the franchise's business organizational form.
C)the retail prices at which Dominique must resell the goods she buys.
D)none of the choices.
Q3) 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.
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Page 19
Chapter 18: Limited Liability Companies and Limited Partnerships
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Sample Questions
Q1) Vasili is considering forms of business organization for Vasili's Designs,an architectural firm.An advantage of a limited liability partnership is that partners may be able to avoid personal liability for A)any partnership obligation.
B)only other partners' wrongdoing.
C)only partnership obligations that exceed capital contributions. D)only partnership obligations that fall within capital contributions.
Q2) A limited liability company can be taxed as a partnership.
A)True
B)False
Q3) Flip is a member of Great States Trucking LLC.Flip's relationship to Great States ends,but the firm continues to do business.This is A)dissociation.
B)dissolution.
C)winding up.
D)wrongful.
Q4) Limited liability companies (LLCs)are governed by state LLC statutes. A)True
B)False
20
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Chapter 19: Corporations
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Sample Questions
Q1) Ruben is a shareholder of Speed Bikes Company (SBC).When the directors fail to undertake an action to redress a wrong suffered by SBC,Ruben files a suit on the firm's behalf.Any damages recovered by Ruben's suit will normally go to A)Ruben.
B)SBC.
C)SBC's directors.
D)the state in which SBC is incorporated.
Q2) Shareholders' meetings need not occur at any certain interval.
A)True
B)False
Q3) Shareholders are personally liable for the debts of a corporation.
A)True
B)False
Q4) Sullivan and Taylor want to form a corporation to provide catering services.The first step in the incorporation procedure is to
A)file the articles of incorporation.
B)hold the first organizational meeting.
C)secure a corporate name.
D)select a state in which to incorporate.
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Chapter 20: Agency
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Sample Questions
Q1) A principal may be liable for the tort of an agent committed within the scope of the agency or employment.
A)True
B)False
Q2) An employee may not act in the capacity of an agent.
A)True
B)False
Q3) Agency relationships normally are consensual.
A)True
B)False
Q4) An agent has the implied authority to do what is reasonably necessary to carry out express authority.
A)True
B)False
Q5) A principal owes an agent a duty of estoppel.
A)True
B)False
Q6) An agency coupled with an interest is an agency created for the agent's benefit. A)True
B)False
Page 22
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Chapter 21: Employment Relationships
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Sample Questions
Q1) A violation of federal family and medical leave requirements may result in liability for an employer but not personal liability for a supervisor.
A)True
B)False
Q2) Only state law governs drug tests of private-sector employees.
A)True
B)False
Q3) Myron is an employee of Nero.Either party can terminate the employment relationship at any time for any reason without liability.With respect to the employment-at-will doctrine,this is
A)an example of the doctrine.
B)an exception based on contract theory.
C)an exception based on public policy.
D)an exception based on tort theory.
Q4) Courts in a few states have held that all employment contracts an implied covenant of good faith.
A)True
B)False
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Chapter 22: Employment Discrimination
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Q1) The Civil Rights Act of 1964 does not prohibit job discrimination in the hiring process.
A)True
B)False
Q2) State employers are not immune from private suits brought by employees under the Age Discrimination in Employment Act of 1967.
A)True
B)False
Q3) Federal law does not prohibit discrimination on the basis of gender in assessing an employee's education,training,or experience.
A)True
B)False
Q4) The Civil Rights Act of 1964 does not protect against reverse discrimination.
A)True
B)False
Q5) Making out a prima facie case of discrimination means that a plaintiff has met his or her initial burden of proof.
A)True
B)False
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Chapter 23: Immigratiion and Labor Law
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Q1) Seafood Canning Corporation keeps a file of I-9 verifications forms.To inspect this file,the appropriate government officer must obtain
A)a subpoena and a warrant.
B)a subpoena or a warrant,but not both.
C)not a subpoena,a warrant,or the employer's consent.
D)the employer's consent.
Q2) Sol believes that he has suffered as a result of Tom Turkey Processing,Inc.'s hiring of illegal immigrants.Sol has a direct cause of action against Tom Turkey under A)no current law.
B)the Immigration Act of 1990.
C)the Immigration Reform and Control Act of 1986.
D)the National Labor Relations Act of 1935.
Q3) An employer who violates the law by hiring an unauthorized alien is subject only to the penalty of a forced discharge of the employee.
A)True
B)False
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25
Chapter 24: Consumer Protection
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Questions
Q1) A collection agency must include a validation notice whenever it initially contacts a debtor for payment of a debt.
A)True
B)False
Q2) Manufacturers are required to report on any products already sold if the products have proved to be hazardous.
A)True
B)False
Q3) 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.
Q4) Vague generalities and obvious exaggerations constitute deceptive advertising.
A)True
B)False
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26
Chapter 25: Environmental Law
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Q1) Cozy City lies on the shore of a bay that empties into the Atlantic Ocean.Downcycler Waste Company picks up garbage and trash from local businesses.Further inland,Eschew Corporation collects radioactive waste from the local utility's nuclear power plant.On the other side of the bay,Fort Cozy Military Base stores chemical warfare supplies for disposal.Can Downcycler,Eschew,or Fort Cozy dump their waste in the ocean
Q2) The Environmental Protection Agency can regulate a substance that poses an imminent hazard but cannot prohibit the use of a substance altogether.
A)True
B)False
Q3) Fruitful Garden Company makes and sells pesticides.For the pesticides to remain on the market,the acceptable level of risk to people of developing cancer from exposure to the products is
A)one-in-a-hundred.
B)one-in-a-million.
C)one-in-a-thousand.
D)zero.
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Chapter 26: Real Property Land-Use Control
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Q1) If property is owned as community property,a spouse owns an undivided one-half interest in it.
A)True
B)False
Q2) The Constitution limits the exercise of the power of eminent domain.
A)True
B)False
Q3) Region Construction Company has a right to drive its trucks across Stable Business,Inc.'s property,which is adjacent to Region's office.This right is
A)a leasehold estate.
B)a license.
C)an easement.
D)a profit.
Q4) Chrissy and Devon are not married to each other,but they share the ownership of Elm Street Offices,a commercial building.When they acquired the building,they agreed in writing that if one dies,the other inherits his or her interest.Are Chrissy and Devon concurrent owners If so,in what type of concurrent ownership are their rights held If not,how is their ownership classified
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Chapter 27: Antitrust and Monopoly
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Q1) Monopsony power is market power on the buy side of a market.
A)True
B)False
Q2) Industrial Coatings Corporation has exclusive control over the market for its product.Under the Sherman Act,this is
A)a per se violation.
B)a violation if it acquired this power through "business acumen."
C)a violation if it acquired this power through "anticompetitive means."
D)not a violation.
Q3) To acquire monopoly power in its market,Pure Plastics,Inc. ,sets its prices substantially below the normal costs of production.Under antitrust law,this is A)a per se violation.
B)a violation if its competitors make similar deals.
C)a violation if it thereby acquires monopoly power.
D)not a violation.
Q4) In a situation involving a price-fixing agreement,normally each competitor is liable for the total amount of any damages.
A)True
B)False
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Chapter 28: Antitrust and Restraints of Trade
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Q1) In a concentrated industry,antitrust laws do not apply.
A)True
B)False
Q2) Most group boycotts are legal.
A)True
B)False
Q3) Energy Power,Inc. ,joins with other businesses in its industry to exchange information,represent members' interests before Congress,and lobby for certain regulatory standards.These joint activities are
A)not subject to antitrust law.
B)per se violations of the Sherman Act.
C)subject to evaluation under the rule of reason.
D)violations of the Clayton Act.
Q4) A merger between firms that compete with each other in the same market is a vertical merger.
A)True
B)False
Q5) Mergers between firms that compete in the same market are vertical mergers.
A)True
B)False
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Chapter 29: Investor Protection and Corporate Governance
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Q1) The Securities and Exchange Commission administrative law judges hear cases involving alleged securities law violations.
A)True
B)False
Q2) To raise $12 million to expand operations,Star Corporation makes a stock offering directly to sixty accredited investors and twenty sophisticated,but unaccredited investors.Star plans to notify the SEC of sales.Under the Securities Act of 1933,this issue may qualify as an "exempt" transaction
A)as is.
B)if all of the investors are also given certain material information. C)if the offering is also made available to the general public. D)under no circumstances.
Q3) For a defendant to be convicted in a criminal prosecution under the securities laws,there can be no reasonable doubt that the defendant knew he or she was acting wrongfully.
A)True B)False
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Chapter 30: Part I: The Foundations
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Q1) In a brief filed in Lea's suit against Mica in a state court,Neil,Lea's attorney,cites,Ole!
Cafe v.Pan Foods Corp. ,an unpublished opinion.With respect to the persuasiveness of unpublished opinions,most states
A)allow their courts to consider such opinions.
B)do not allow their courts to consider such opinions.
C)impose certain hierarchical rankings.
D)require their courts to consider such opinions.
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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Chapter 31: Part II: The Public and International Environment
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Q1) Omni Oil,Inc. ,a Delaware firm,wants to use its corporate resources to influence the political process with respect to issues that do not relate to its business.Delaware attempts to block this use of resources.In a challenge to Delaware's action,under the First Amendment the most important question is whether
A)Omni and other corporations are protected by the free speech clause.
B)Omni should leverage political power through its economic skills.
C)Omni's speech is political in nature.
D)Omni's speech relates to an economic matter.
Q2) Arnie posts online a note that "I have good pix of child & me" with a link to several pictures of minors engaged in sex.Arnie is charged with violating a statute that makes it a crime to distribute material intended to make others believe it is child pornography.He argues that the statute is unconstitutional.The court is most likely to hold that the statute is
A)unconstitutional because it criminalizes speech.
B)unconstitutional because it is overbroad.
C)unconstitutional because it is impermissibly vague.
D)valid because it does not prohibit a substantial amount of protected speech.
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Chapter 32: Part III: The Commercial Environment
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Q1) Topographical Engineers,Inc. ,which is new to its business,offers its services at less than half their possible market price to United Road Crew Construction,Inc. ,which knows the services' value.United's decision to accept the offer without commenting on the price could be justified by
A)the concept of unconscionability.
B)the doctrine of promissory estoppel.
C)the principle of freedom of contract.
D)the Statute of Frauds.
Q2) 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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Chapter 33: Part IV: The Business Environment
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Q1) Twisted Dipsy Pretzels Inc.offers entrepreneurs the opportunity to operate a franchise under the Twisted Dipsy trade name as a member of a select group of dealers that engage in the retail pretzel-concession business.To potential investors,Twisted Dipsy makes earnings claims.For those claims,the franchisor must have
A)a hypothetical basis.
B)a reasonable basis.
C)an actual basis.
D)no basis.
Q2) Logan is a director for Metal Masters Company.Ordinarily,Logan owes fiduciary duties only to A)himself.
B)Metal Masters's creditors.
C)Metal Masters's personnel.
D)Metal Masters's shareholders.
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Chapter 34: Part V: The Employment Environment
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Q1) 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.
Q2) 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.
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Chapter 35: Part VI: The Regulatory Environment
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Q1) Pinpoint Marketing,Inc.(PMI),a credit-reporting agency,sells data about consumers to merchants and others.Consumers have some recourse if PMI
A)realizes a profit from the sales.
B)sells data about consumers who request to be "blacklisted."
C)does not report the data accurately.
D)does not tell consumers when the data is sold.
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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