Law for Managers Exam Practice Tests
Course Introduction
Law for Managers provides a comprehensive overview of the legal concepts essential for effective decision-making in management roles. The course covers key topics including contract law, employment law, intellectual property, and corporate governance, emphasizing the legal responsibilities and risks faced by managers in various business environments. Through real-world scenarios and case studies, students will learn how to recognize legal issues, understand regulatory compliance, and apply foundational legal principles to everyday managerial decisions, ultimately enabling them to lead organizations with a strong understanding of the legal landscape.
Recommended Textbook
The Legal Environment Today 7th Edition by Roger LeRoy Miller
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27 Chapters
1810 Verified Questions
1810 Flashcards
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Page 2
Chapter 1: Business and Its Legal Environment
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72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/70991
Sample Questions
Q1) Criminal law focuses on duties that exist between persons.
A)True
B)False
Answer: False
Q2) Jill is an appellate court judge.In this capacity,Jill establishes a rule of law.Under the doctrine of stare decisis,the principle must be adhered to by
A)all courts.
B)courts of lower rank only.
C)that court and courts of lower rank.
D)that court only.
Answer: C
Q3) A court may depart from a precedent if the court decides that the precedent should no longer be followed.
A)True
B)False
Answer: True
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Chapter 1: A: Online Developments:
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36 Verified Questions
36 Flashcards
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Sample Questions
Q1) According to the United States Supreme Court in Miranda v.Arizona,an individual must be apprised of certain of his or her rights whenever the individual is
A)arraigned in a court.
B)imprisoned in a jail.
C)sentenced for a crime.
D)taken into custody.
Answer: D
Q2) In the mountainous area spaning the border between Afghanistan and Pakistan,for millenia the Pushtuns have relied on Pushtunwali to regualte social behavior.Pushtunwali is
A)written,codified crimnal law.
B)a tribal code of ethics.
C)a council of elders.
D)a congregation of imams.
Answer: B
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4
Chapter 2: Ethics and Business Decision Making
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72 Verified Questions
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Sample Questions
Q1) 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.
Answer: A
Q2) Ethical reasoning is the process through which an individual rationalizes whatever action he or she chooses to take.
A)True
B)False
Answer: False
Q3) Bribery of foreign government officials is both an ethical and a legal issue.
A)True
B)False
Answer: True
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5
Chapter 3: Courts and Alternative Dispute Resolution
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Sample Questions
Q1) The courts can decide whether the other branches of government have acted within the scope of their constitutional authority.
A)True
B)False
Q2) Jim files a suit against Kay.Before going to trial,the parties meet,with their attorneys to represent them,to present their dispute to a third party who is not a judge but who renders a legally binding decision.This is A)arbitration.
B)litigation.
C)mediation.
D)negotiation.
Q3) A justiciable controversy is a case in which the court's decision-the "justice" that will be served-will be controversial.
A)True
B)False
Q4) An answer can admit to the allegations made in a complaint.
A)True
B)False
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Chapter 4: Constitutional Authority to Regulate Business
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Sample Questions
Q1) A law that restricts a fundamental right violates substantive due process regardless of the type of state interest that the law "promotes."
A)True
B)False
Q2) Wisconsin,like other states,may regulate private activities to protect or promote the public order,health,safety,and general welfare under its
A)police powers.
B)taxing powers.
C)spending powers.
D)supreme powers.
Q3) Federico,the president of Gems Retail Corporation,claims that certain actions by the federal government and the state of New Mexico infringe on rights guaranteed by the Bill of Rights.Most of these rights limit
A)neither New Mexico nor the federal government.
B)the federal government only.
C)New Mexico and the federal government.
D)New Mexico only.
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Chapter 5: Torts,cyber Torts,and Strict Liabiity
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Sample Questions
Q1) Jean is playing a computer game on a bad disk that melts in her drive,starting a fire that injures her hands.Jean files a suit against K-Tech,Inc.,the game's manufacturer.K-Tech is held liable under the doctrine of strict liability.A significant application of this doctrine is in the area of
A)cyber torts.
B)intentional torts.
C)product liability.
D)unintentional torts.
Q2) Dian,a clerk at an Entertainment Unlimited store,takes a DVD player from the store without permission.Dian is liable for A)appropriation.
B)benefiting an employee.
C)conversion.
D)wrongful interference with a business relationship.
Q3) For purposes of establishing negligence,causation in fact exists if an injury would have occurred even without the defendant's act.
A)True
B)False
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Chapter 6: Criminal Law and Cyber Crime
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Sample Questions
Q1) Computer fraud is a state,not a federal,crime.
A)True
B)False
Q2) Only blue-collar crimes are prosecuted under RICO.
A)True
B)False
Q3) Jake is charged with embezzlement.Embezzlement is not robbery because embezzlement may be committed without A)a criminal act.
B)a criminal intent.
C)taking property from its owner.
D)the use of force or fear.
Q4) Most crimes must be prosecuted within a certain number of years.
A)True
B)False
Q5) It is not a crime to defraud the public through the use of ads on television.
A)True
B)False
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Chapter 7: International Law in a Global Economy
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Sample Questions
Q1) Secure Investments,Inc.,a U.S.firm,expands into international markets through a joint venture.In this situation,Secure owns
A)all of the operation,and its profits and liabilities.
B)all of the operation,and none of its profits and liabilities.
C)none of the operation,and none of its profits and liabilities.
D)part of the operation,and shares its profits and liabilities.
Q2) Michael,a citizen of Ireland,and Nina,a citizen of the United States,enter into a contract.When Nina breaches the contract,Michael obtains an award of damages in an Irish court.He asks a U.S.court to enforce the award.The U.S.court defers to and enforces the Irish court's decree.This is
A)a travesty of justice.
B)the act of state doctrine.
C)the doctrine of sovereign immunity.
D)the principle of comity.
Q3) Any conspiracy that has a substantial effect on U.S.commerce is within the reach of the U.S.antitrust laws.
A)True
B)False
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Chapter 8: Intellectual Property and Internet Law
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Sample Questions
Q1) Trek Transport Company uses a mark associated with its name to distinguish its services from those of other trucking firms.This mark is
A)a certification mark.
B)a collective mark.
C)a service mark.
D)trade dress.
Q2) In 2010,Sara writes Terror at the Track,a novel about racecar driving.Sara does not register the work with the appropriate government office.Under federal copyright law,Sara's work is protected
A)for ten years.
B)for twenty years.
C)for the life of the author plus seventy years.
D)forever.
Q3) Paula develops a new espresso machine,which she names "Quik Shot." She also writes the operating manual.Paula can obtain trademark protection for A)the espresso machine.
B)the "newness" of the espresso machine.
C)the name.
D)the operating manual.
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Chapter 8: A: Online Developments:
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22 Verified Questions
22 Flashcards
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Sample Questions
Q1) New York enacts a statute that requires a label on a video game to warn parents when "the range of options available to a player include dismembering or sexually assaulting the image of a human being." On appeal from a challenge by gamemakers,the state asks a federal court to enforce the statute.Based on the decisions of other federal courts in cases involving similar statutes,the court in this case is most likely to
A)refuse to extend restrictions on sex-based content to violence in video games.
B)expand the label's warning to include other forms of violence.
C)impose market-share liability on makers of violent video games.
D)replace the voluntary rating system currently in use.
Q2) The Anti-Counterfeiting Trade Agreement applies to
A)pirated copyrighted works distributed via the Internet.
B)personal financial information on its owner's laptop.
C)legally downloaded recordings on a user's iPod.
D)a business firm's trade secrets cached on the firm's server.
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12
Chapter 9: Formation in Traditional and E-Contracts
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Sample Questions
Q1) Myra owns a house,which she advertises for sale for $200,000.On May 1,Nicole offers Myra $180,000 for the house.On May 5,Myra delivers to Nicole a form that includes additional terms but does not state a price.At 9 a.m.on May 6,Nicole signs the form and gives it to Odell,her administrative assistant,with instructions to mail it.At 10 a.m.,Myra calls to tell Nicole that the deal is off.The next day,Odell mails the signed form to Myra.When Myra refuses to sell the house,Nicole files a suit against her,alleging breach of contract.Myra claims that there was no contract.What are arguments supporting each party's position? What is the court likely to rule? Explain.
Q2) A void contract is enforceable if it is in writing.
A)True
B)False
Q3) An expression of opinion-"your customers will like this"-is an offer.
A)True
B)False
Q4) A person who does not know about a reward can still claim it.
A)True
B)False
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Page 13
Chapter 10: Contract Performance,breach,and Remedies
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Sample Questions
Q1) Only a mistake in value will make a contract voidable.
A)True
B)False
Q2) Handy Hardware Store agrees to hire Ilsa for one year at a salary of $500 per week.When Handy cancels the contract,Ilsa spends $100 to obtain a similar job that pays $450 per week for a year.Ilsa is entitled to recover
A)the amount of the wages that Handy promised only.
B)the difference between the wages at the two jobs only.
C)the difference between the wages at the two jobs plus $100. D)$100 only.
Q3) Forcing someone to enter into a contract by threatening to do something that the thtreatening party has no right to do is duress.
A)True B)False
Q4) Performance can be accomplished by tender.
A)True
B)False
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14
Chapter 11: Sales,leases,and Product Liability
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Sample Questions
Q1) The types of product defects that have traditionally been recognized in product liability law include inadequate warnings.
A)True
B)False
Q2) Olga,a salesperson for Pre-owned Cars & Trucks,Inc.,tells Quincy,"This is the best car I've ever seen." This statement is
A)an express warranty.
B)an implied warranty.
C)a warranty of title.
D)puffery.
Q3) Woodgrain Products Company and Sylvia enter into a contract for a sale of lumber.Woodgrain knows the purpose for which Sylvia will use the goods.Under the UCC,an implied warranty of fitness of a particular purpose arises
A)if the buyer is relying on the seller to select suitable goods.
B)if the buyer asks for it.
C)if the seller is a merchant who deals in goods of the kind sold.
D)in conjunction with lease contracts,not sales contracts.
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Page 15
Chapter 12: Creditor-Debtor Relations and Bankruptcy
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Sample Questions
Q1) The holder of an artisan's lien can foreclose and sell the property subject to the lien to satisfy the debt.
A)True
B)False
Q2) Refer to Fact Pattern 12-2.If Nina recovers less than she is owed,she can realize the difference from
A)any property that Mary owns.
B)only exempt property that Mary owns.
C)only nonexempt property that Mary owns.
D)property that any other member of Mary's family owns.
Q3) Mike owes $12,000 to Nora,$6,000 to Owen,and $6,000 to Pat.The three creditors enter into an agreement with Mike to discharge the debts on payment of a sum of $12,000 to them,to be divided proportionately.This is
A)a composition agreement.
B)a guaranty agreement.
C)a judicial lien.
D)a suretyship agreement.
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Chapter 13: Mortgages Foreclosures After the Recession
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Sample Questions
Q1) Liberty Bank provides Michelle with a standard mortgage with an unchanging rate of interest to buy a home.Payments on the loan remain the same for the duration of the mortgage.This is
A)a fixed-rate mortgage.
B)an adjustable-rate mortgage.
C)an interest-only mortgage.
D)a violation of the law.
Q2) If a lender fails to provide certain material disclosures,a borrower has up to seven years to rescind the mortgage.
A)True
B)False
Q3) Upton borrows $150,000 from Valley Credit Union to buy a home,which secures the loan.Three years into the term,Upton stops making payments on it.Valley Credit repossesses and auctions off the property to Wesley.The sale proceeds are not enough to cover the unpaid amount of the loan.In most states,Valley Credit can ask a court for
A)a deficiency judgment.
B)a reverse mortgage.
C)a short sale.
D)nothing.
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Page 17
Chapter 14: Small Business Organizations
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Sample Questions
Q1) Federal law permits a partnership to be treated as an entity in suits in federal courts.
A)True
B)False
Q2) The franchise relationship is defined by a contract.
A)True
B)False
Q3) Corbin,a partner in Doctors Medical Clinic,applies for a loan with Evermore Bank allegedly on Doctors' behalf but without the authorization of the other partners.Evermore knows that Corbin is not authorized to take out the loan.Corbin defaults on the loan.Liability for its unpaid amount is imposed on
A)Corbin and Doctors,jointly.
B)Corbin only.
C)Doctors only.
D)Evermore only.
Q4) A sole proprietor owns the entire business but does not receive all of the profit.
A)True
B)False
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Chapter 14: A: Landmark in the Legal Environment:
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Sample Questions
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) Roshini is a shareholder of Satsui,Ltd.,a Japanese firm.Roshini brings a derivative action against the company.If the action is unsucessful,Satsui
A)can sue Roshini for damages.
B)must pay Roshini's legal fees.
C)must apologize to Roshini.
D)must accept Roshini's apology in lieu of costs,fees,or damages.
Q3) Belle is an employee of Capital Corporation,a U.S.firm.Dana is an employee of Esta,Ltd.,a European firm.The problem of sexual harassment in the workplace is
A)confined to Europe alone.
B)confined to Europe and the United States.
C)confined to the United States alone.
D)worldwide.
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Page 19
Chapter 15: Corporations
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Sample Questions
Q1) Gelato Ice,Inc.,is incorporated in the state of New Jersey and is doing business in the state of New York.In New York,Gelato is properly referred to as
A)a domestic corporation.
B)a foreign corporation.
C)an alien corporation.
D)a de jure corporation.
Q2) Sophie and Tiny incorporate their beverage-container business as U-Twist Products,Inc.The first board of directors may be appointed by the firm's A)board of directors.
B)incorporators.
C)officers.
D)shareholders.
Q3) A corporation is a legal entity created and recognized by federal law. A)True
B)False
Q4) An S corporation is treated the same as a regular corporation for tax purposes A)True
B)False
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Page 20
Chapter 16: Agency
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Sample Questions
Q1) Louis,a certified public accountant and an investor,and Maria,an insurance salesperson and a realtor,may create an agency relationship for
A)a business purpose only.
B)a legal purpose only.
C)any purpose.
D)no purpose.
Q2) A principal is not liable for an agent's fraud unless the agent has the apparent authority to commit torts.
A)True
B)False
Q3) Commercial Development Corporation (CDC)hires Delta Construction Company to work at a site as an independent contractor.Whether CDC will be liable for torts committed at the site by Delta depends on
A)what Delta bid for the job.
B)whether exceptionally hazardous activities are involved.
C)which party obtained insurance to cover tort liability.
D)who is paying Delta.
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Page 21
Chapter 17: Employment,immigration,and Labor Law
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Sample Questions
Q1) The employment-at-will doctrine is little used today.
A)True
B)False
Q2) Southwestern Foods Corporation operates a packaging plant near the border between the United States and Mexico.Due to the location,it would be easier for Southwestern to employ noncitizens.It is legal for a U.S.employer to
A)hire persons not authorized to work in the United States.
B)recruit persons not authorized to work in the United States.
C)refer for a fee persons not authorized to work in the United States.
D)none of the choices.
Q3) 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.
Q4) Federal law governs unions' internal business procedures.
A)True
B)False
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Chapter 18: Employment Discrimination
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Sample Questions
Q1) The Civil Rights Act of 1964 does not prohibit job discrimination at all stages of employment.
A)True
B)False
Q2) Lloyd and Milly are employees of NuTech Corporation.They have the same job.Under the Equal Pay Act,NuTech can legitimately pay Lloyd more than Milly on the basis of
A)Lloyd's greater production only.
B)Lloyd's greater production or seniority.
C)Lloyd's greater seniority only.
D)neither Lloyd's greater production nor his greater seniority.
Q3) Race can be a bona fide occupational qualification.
A)True
B)False
Q4) An employer who discovers an employee's misconduct after discharging the employee may have a good defense to an employment discrimination suit.
A)True
B)False
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Chapter 19: Powers and Functions of Administrative Agencies
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Sample Questions
Q1) Executive control over the Federal Communications Commission,and other agencies,may be exercised through a presidential veto of
A)Congress's modifications of the agency's authority.
B)the agency's final rules.
C)the agency's final orders.
D)none of the choices.
Q2) Independent regulatory agencies include the cabinet departments of the executive branch.
A)True
B)False
Q3) The period for persons to comment on a proposed administrative rule must be at least thirty days.
A)True
B)False
Q4) Grapple Market Share Corporation would like to know what information federal agencies have about Grapple's operations,so that the firm will know what its competitors may be able to learn about it.Can Grapple require the agencies to disclose whatever information they may have concerning it If so,how should the firm make its request What federal law applies Is any information exempt
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Chapter 20: Consumer Protection
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Sample Questions
Q1) Under federal law,the calorie content of the food on a menu must be posted by Organic Mix,LLC,if Organic Mix is
A)a restaurant chain with twenty or more locations.
B)a food distributor with twenty or more customers.
C)a food processor with twenty or more products.
D)a food producer with twenty or more acres.
Q2) Manufacturers are required to report on any products intended for sale if the products have proved to be hazardous.
A)True
B)False
Q3) Counteradvertising requires a company to focus its marketing on point-of-sale displays.
A)True
B)False
Q4) Credit can be denied solely on the basis of marital status.
A)True
B)False
Q5) Labels on fresh meat must indicate where the food originated.
A)True
B)False
Page 25
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Chapter 21: Protecting the Environment
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Q1) Resource Mining Company's (RMC)complex spews smoke and odors.The site features its own rail system,and trucks enter and exit the complex night and day.Sam and other residents of an adjacent neighborhood can feel the vibrations of the trains and trucks,and suffer other effects from RMC's operations.Sam and others file a suit against RMC.Why might the court rule in favor of RMC
Q2) If an agency decides that an environmental impact statement is unnecessary,it need not issue a statement supporting this conclusion.
A)True
B)False
Q3) Truckers Storage Depot,a private company,wants to build a warehouse on private land.For this action,an environmental impact statement is
A)prohibited.
B)required.
C)unnecessary.
D)voluntary.
Q4) States may not restrict emissions from motor vehicles.
A)True
B)False
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Chapter 22: Real Property and Land-Use Control
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Q1) Tyro has the right to drive across Ula's land,which is next to Tyro's property,to reach an access road.Tyro's right is
A)an easement appurtenant.
B)an easement in gross.
C)a profit appurtenant.
D)a profit in gross.
Q2) Refer to Fact Pattern 22-1.Nika conveys some of her land to Reggie with the right to possess and use the property for a certain period of time.Nika has given Reggie
A)a fee simple absolute.
B)a leasehold estate.
C)a life estate.
D)an easement.
Q3) Personal property may become real property by attaching it to real property.
A)True
B)False
Q4) A fixed-term tenancy terminates automatically when its terms ends.
A)True
B)False
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Chapter 23: Antitrust Law and Promoting Competition
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Sample Questions
Q1) Fresh Vegetables,Inc.,a wholesaler,refuses to sell its produce to Good Mart Stores,Inc.,a retailer.Under the Sherman Act,this is
A)"an unfair or deceptive act or practice."
B)a per se violation.
C)not a violation.
D)subject to analysis under the rule of reason.
Q2) Refer to Fact Pattern 23-1.A court would most likely rule that the agreement between Cardio and Emitate is
A)a deal that neither restrains trade or harms competition.
B)a legal restraint of trade.
C)a per se violation of the Sherman Act.
D)subject to analysis under the rule of reason.
Q3) 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 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.
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Page 28
Chapter 24: Investor Protection and Corporate Governance
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Sample Questions
Q1) Fresh Seasonal Fruit Company has assets of less than $10 million and fewer than fifty shareholders.Gourmand Pastries,Inc.,has assets of more than $50 million and more than five hundred shareholders.The Securities Exchange Act of 1934 applies to
A)Fresh Seasonal Fruit and Gourmand Pastries.
B)Fresh Seasonal Fruit only.
C)Gourmand Pastries only.
D)neither Fresh Seasonal Fruit nor Gourmand Pastries.
Q2) Flo-Thru Corporation is poised to issue securities that,under the Securities Act of 1933,are "exempt." This means that the securities can be sold
A)on the basis of a material omission or misrepresentation.
B)on the basis of nonpublic information.
C)within any six-month period by certain insiders.
D)without being registered.
Q3) Before filing a registration statement,an issuer must attempt to sell,or at least offer to sell,the securities.
A)True
B)False
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