Law for Managers Final Exam Questions
Course Introduction
Law for Managers introduces fundamental legal principles relevant to the business environment, providing future managers with an essential understanding of the laws affecting organizations. The course covers key areas such as contract law, employment law, intellectual property, corporate governance, dispute resolution, and regulatory compliance. Emphasizing practical application, it equips students with the ability to identify legal risks, understand their responsibilities, and make informed decisions that minimize legal exposure. Case studies and real-world scenarios help students develop analytical skills and an appreciation of how legal considerations interact with strategic and operational management.
Recommended Textbook Essentials of the Legal Environment 4th Edition by Roger LeRoy Miller
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Chapter 1: Business and Its Legal Environment3
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Q1) Uniform laws apply in all states, including those in which the laws have not been adopted.
A)True
B)False
Answer: False
Q2) Whether a law is constitutional depends on its source.
A)True
B)False
Answer: False
Q3) 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
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Chapter 2: Shifting Legal Priorites for Business:
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Q1) Jennifer, a sophomore at West High School, posts suggestive-but not pornographic or obscene-photos of herself on Facebook.The images do not identify the school and require "friend" status to be viewed.Jennifer intends the photos to be humorous, and this is how her friends understand them.Under the First Amendment, West can most likely A)suspend or otherwise punish Jennifer for posting the photos.
B)require that Jennifer remove the photos but not punish her.
C)require that Jennifer remove the photos and punish her.
D)not punish Jennifer or restrict her posts.
Answer: D
Q2) Sustainability-economic development that meets the needs of the present without compromising the ability of future generations to meet their needs-has been legislatively committed to by
A)no state statute or federal law.
B)at least one state-Oregon.
C)federal statutes only.
D)international law only.
Answer: B
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Chapter 3: Courts and Alternative Dispute Resolution
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Q1) An answer can deny the allegations made in a complaint.
A)True
B)False
Answer: True
Q2) In Ed's suit against First National Bank, the discovery phase would include all of the following except
A)Ed's complaint.
B)Ed's deposition.
C)Ed's requests for First National's admissions.
D)First National's replies to Ed's interrogatories.
Answer: A
Q3) Kit loses her suit against Lou in a Minnesota state trial court.Kit appeals to the state court of appeals and loses again.Kit would appeal next to
A)a U.S.district court.
B)the Minnesota Supreme Court.
C)the United States Supreme Court.
D)the U.S.Court of Appeals for the Eighth Circuit.
Answer: B
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Chapter 4: Ethics and Business Decision Making
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Q1) Management's behavior sets the ethical tone of a firm.
A)True
B)False
Q2) Margaret is the top manager of Pecans, Inc.She sets strict ethical standards for all employees.Margaret, however, often takes some of the company's best nuts and sells them from her house.The ethical tone at Pecans, Inc.is
A)likely to be good because Margaret has set such strict standards for her employees.
B)not likely to be good because although Margaret sets strict ethical standards for the other employees, she does not follow them.
C)not related to either Margaret's ethical standards or her own unethical behavior. D)not likely to be good because employees tend to resent strict ethical standards.
Q3) Olaf, an executive with Pharma Product Distribution, Inc., has to decide whether to market a product that could offer substantial benefits but might also have potentially serious side effects for a small percentage of users.How should Olaf decide whether to sell the product How does the standard of ethics that is applied affect this answer
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6
Chapter 5: Constitutional Authority to Regulate Business
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Q1) A Massachusetts state statute imposes a prison term, without a trial, on all street performers who operate in certain areas.A court would likely review this statute under the principles of
A)the commerce clause.
B)the equal protection clause.
C)the due process clause.
D)the First Amendment.
Q2) Brad stands in front of Rooster's Round-Up Café, shouting "fighting words" that are likely to incite Rooster's patrons to respond violently.The First Amendment protects such speech
A)all of the time.
B)none of the time.
C)only if it is noncommercial.
D)only if it is symbolic.
Q3) Symbolic speech is defined as nonverbal expressions of belief and is protected by the First Amendment.
A)True
B)False
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Chapter 6: Administrative Law
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Q1) Nursing Home Care Company is charged with violating a rule of the Social Security Administration.Most likely, Nursing Home Care will be required to appear at a hearing presided over by
A)a federal appellate court judge.
B)a federal district court judge.
C)an administrative law judge.
D)a U.S Marshal.
Q2) To notify the public of a proposed rule, the Food Safety and Inspection Service, like other federal agencies, publishes the proposal in A)the news media.
B)a trade journal available to members of the industry.
C)the Federal Register.
D)an office memo that employees are free to take home.
Q3) The federal government must disclose certain records to any person or entity on written request only if there is a rational reason for the request.
A)True
B)False
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Chapter 7: Torts and Product Liability
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Q1) An action in strict product liability requires that the product not be in a defective condition when the defendant sells it.
A)True
B)False
Q2) Self-defense is a defense to negligence.
A)True
B)False
Q3) Proximate cause exists when the connection between an act and an injury is strong enough to justify imposing liability.
A)True
B)False
Q4) Horizon Corporation makes cell phones.Gina files a product liability suit against Horizon, alleging a design defect.In deciding whether to hold Horizon liable, the court may consider the "reasonableness" of
A)the manufacturer's intentions.
B)the seller's method of accounting.
C)the manufacturer's quality control efforts.
D)an available alternative design.
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Chapter 8: Online Developments:
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Q1) 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.
Q2) Chad hosts Durango, a social networking site.Eagle's Nest, a rival site, hires Frank to pepper Durango with stories that raise questions about the site's privacy policy.Durango might most successfully sue Eagle's Nest for
A)wrongful interference with a business relationship.
B)trespass to property.
C)negligence.
D)none of the choices.
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Chapter 9: Criminal Law and Cyber Crime
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Q1) Mike is arrested at a warehouse in North Industrial Park.A government prosecutor issues a formal charge against Mike for receiving stolen property.This charge is
A)an arraignment.
B)an indictment.
C)an information.
D)an inquisition.
Q2) It may be a crime to take another's property, but it is not a crime to receive stolen goods.
A)True
B)False
Q3) Under the Fourth Amendment, a general search warrant and a general search through a person's belongings are permitted.
A)True
B)False
Q4) Most crimes must be prosecuted within a certain number of years.
A)True
B)False
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Chapter 10: Intellectual Property and Internet Law
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Q1) Trademark dilution requires proof that consumers are likely to be confused by the unauthorized use of the mark.
A)True
B)False
Q2) Ernie's Good Eatin' Cafe uses a distinctive decor, layout, menu, and style of service.This restaurant's image and overall appearance is
A)a certification mark.
B)a collective mark.
C)a service mark.
D)trade dress.
Q3) The graphics used in "Go!," a handheld video game featuring racecars, are protected by
A)copyright law.
B)patent law.
C)trademark law.
D)trade secrets law.
Q4) In the United States, a patent is given to the first person to file for it.
A)True
B)False
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Chapter 11: International Law in a Global Economy
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Q1) Qang and other foreign citizens allege human rights violations committed overseas by the government of Burma on behalf of Railway Construction Company, a U.S.firm.To seek redress for their injuries in a U.S.court, these citizens can
A)allege antitrust injuries under the Sherman Act.
B)bring civil suits under the Alien Tort Claims Act.
C)file criminal complaints under Title VII of the Civil Rights Act.
D)do nothing.
Q2) Capital Diversified Corporation (CDC)owns assets in Dagistan, a new country in Asia.The government of Dagistan wants to nationalize all assets owned by foreign firms and investors.What can CDC do Can it at least obtain payment for the assets
Q3) Quality Energy Company, a U.S.firm, and Royal Petro, a Dutch firm, enter into a contract that includes an arbitration clause.This clause must provide that the arbitrator will be
A)any specified third party.
B)the American Arbitration Association.
C)the Dutch Arbitration Organization.
D)the International Chamber of Commerce.
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Page 13
Chapter 12: Business Organizations
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Q1) Chocolate Sundry LLC's members and managers are Devlin, Effie, and Flavia.After Devlin's relationship to the firm ends, Effie and Flavia agree to discontinue the business.This is A)illegal.
B)optional.
C)required.
D)wrongful.
Q2) Corporate officers can usually be removed by the board of directors without cause. A)True
B)False
Q3) Ben, who runs a livestock breeding business, owes the Circle C Ranch $40,000.Ben agrees to pay the Circle C a percentage of his profits each month until the debt is paid.Because of this agreement, the Circle C is Ben's A)partner.
B)creditor.
C)sole proprietor.
D)shareholder.
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Page 14
Chapter 13: Beyond Our Borders:
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Q1) Fleet Feet, an online travel company, buys blocks of rooms from Grande Hotel, a hotel in Hyper City, at a wholesale rate.Fleet Feet resells the rooms to consumers at a retail rate.One recent effort by cities to collect taxes from e-commerce has focused on A)hotels that sell blocks of rooms at wholesale rates.
B)non-resident consumers who reserve rooms in in-state hotels.
C)online travel companies.
D)the dire financial straits of the cities during the latest recession.
Q2) Eduard is a shareholder of Deutsche Internationale, a German firm.In Germany
A)most claims against firms are alleged in shareholders' derivative suits.
B)the law does not provide for derivative litigation.
C)derivative actions can only challenge directors' actions that shareholders could not legally ratify.
D)if a derivative action is unsuccessful, a firm can sue the plaintiff.
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Chapter 14: Formation of Traditional and E-Contracts
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Q1) Overnight Delivery Service delivers a package to Pam.At the request of Overnight's delivery person, to acknowledge receipt Pam signs a digital pad.This signing creates
A)an e-signature.
B)a handwritten signature.
C)a typed signature.
D)no signature.
Q2) A contract to do something that is prohibited by law is void.
A)True
B)False
Q3) In contract law, "consideration" refers to the courtesy that one party shows another in negotiating a deal.
A)True
B)False
Q4) An executory contract is one that has been fully performed.
A)True
B)False
Q5) An implied contract is implied from the conduct of the parties.
A)True
B)False
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Chapter 15: Contract Performance, Breach, and Remedies
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Sample Questions
Q1) Lester and Myrtle want to rescind their contract under which Lester sold an MP3 player for $40.To rescind the contract
A)Lester must return the $40 and Myrtle must return the player.
B)Lester must return the $40 only.
C)Myrtle must return the player only.
D)the parties can keep the "benefits" of their bargain.
Q2) When anticipatory repudiation occurs, the nonbreaching party is permitted to bring an action for damages immediately.
A)True
B)False
Q3) Loren and Kendra enter into a contract for the distribution of Loren's produce to local restaurants for which he agrees to pay Kendra.Kendra transfers her right to payment under the contract to County Bank.This transfer is
A)a delegation.
B)an assignment.
C)a third party beneficiary contract.
D)prohibited.
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Chapter 16: Sales and Leases
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Q1) Peter, an agent for Zippy Cars, Inc., writes a letter to Cassandra on March 1 stating that he will sell her a 2011 Suburu Outback for $20,000 between March 1 and April 30.Peter's letter to Cassandra is
A)a firm offer.
B)an acceptance.
C)a bilateral contract.
D)a breach.
Q2) Merchants are required to warrant that the goods they sell or lease are fit for the particular purpose for which a buyer or lessee will use the goods.
A)True
B)False
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 18
Chapter 17: Creditors Rights and Bankruptcy
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Q1) Bankruptcy law is state law.
A)True
B)False
Q2) A surety can never assert fraud as a defense.
A)True
B)False
Q3) Michael contracts with Jill to fix the brakes on her Honda Civic.Jill leaves her car with Michael, but refuses to pay when the work is done.Michael refuses to return the car until she pays.Michael's lien on Jill's car will end
A)in thirty days.
B)in sixty days.
C)when Michael voluntarily surrenders possession of the car.
D)when Jill obtains a court order requiring Michael to return the car.
Q4) Refer to Fact Pattern 14-1.Mary will receive
A)$0.
B)$30,000.
C)$50,000.
D)$60,000.
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19
Chapter 18: Mortgages Foreclosures After the Recession
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Q1) When an owner is unable to make mortgage payments, a lender may agree to a short sale.
A)True
B)False
Q2) 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
Q3) A home equity loan starts as a fixed-rate mortgage and then converts into an adjustable-rate mortgage.
A)True
B)False
Q4) Home equity is the portion of a home's value that is "paid off." A)True B)False
Q5) The initial interest rate is the part of a purchase price that is paid up front in cash. A)True B)False
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Chapter 19: Employment, Immigration, and Labor Law
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Q1) Healthy Harvest Company runs a candy and fruit processing and packaging plant.Most of Healthy Harvest's business is done during holiday seasons, especially between Halloween and New Year's Day, and in the spring.The company hires a large temporary workforce during its busiest times.Occasionally, a position opens for an individual with highly specialized skills, particularly to operate and maintain the company's inventory and sales control systems.Can Healthy Harvest hire noncitizens for its temporary, seasonal work Can the company hire a noncitizen with special skills for certain jobs If so, what procedures must the employer follow in both situations to do this hiring If not, how can Healthy Harvest be assured that it is hiring only citizens
Q2) If an employee dies in a work-related incident, the employer must notify OSHA within eight hours.
A)True
B)False
Q3) Which of the following is not a common form of electronic surveillance of employees in the workplace
A)Reviewing employees' emails
B)Requiring employees to wear electronic location monitoring bracelets
C)Video-recording employee job performance
D)Recording and reviewing telephone conversations
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Page 21
Chapter 20: Beyond Our Borders:
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Q1) PowerSoft Corporation creates an internal social media network using enterprise social networking software and systems.Concerns about the use of an internal social media network include how to
A)keep the data safe.
B)make the data public.
C)provide access to all files to all employees.
D)maintain a personal, lively, and entertaining tone.
Q2) Geo Global Corporation, a U.S.firm, requires its employee Marcy to stay connected with work after office hours through a smartphone.In the United States, Marcy and other employees who are required to use mobile devices after work may have a valid claim to overtime wages if they
A)are not exempt under the overtime regulations of the Fair Labor Standards Act.
B)are not reimbursed by their employers for the use.
C)are supplied with the devices by their employers.
D)do business with international contacts.
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22
Chapter 21: Employment Discrimination
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Q1) An employee's resignation must be the foreseeable result of an employer's discriminatory action to support a showing of constructive discharge.
A)True
B)False
Q2) Employers can consider mitigating measures or medications when determining if an individual has a disability that fits the definition in the Americans with Disabilities Act of 1990.
A)True
B)False
Q3) Svetlana, a fifty-five-year-old member of a racial minority with a disability, believes that she is a victim of employment discrimination.Potentially the most widespread form of discrimination is based on A)age.
B)disability.
C)gender.
D)race.
Q4) Sexual harassment occurs only if sexual favors are demanded of an employee.
A)True
B)False
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Chapter 22: Environmental Law
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Q1) Little City Company operates a public water supply system.Little must send to every household that it supplies with water an annual statement describing
A)Little's financial situation and material facts that might affect it.
B)other businesses in which Little is involved and to what extent.
C)parties who might be held liable if pollution problems arise.
D)the source of the water, and any contaminants and health concerns.
Q2) Consolidated Trucking Company transports radioactive materials.Darla suffers from cancer.To succeed in a suit against Consolidated on the ground of strict liability, Darla must show that her injury was caused by
A)Consolidated's failure to use reasonable care to avert herm to Darla.
B)Consolidated's intentional lack of regard for the general public.
C)Consolidated's operation.
D)radiation from any source.
Q3) The Environmental Protection lists all hazardous air pollutants (HAPs)on a prioritized schedule.
A)True
B)False
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Page 24
Chapter 23: Antitrust Law and Promoting Competition
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Q1) Antitrust legislation was created because of the belief that competition leads to lower prices.
A)True
B)False
Q2) Master Manufacturing 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) Conditioning the sale of one product on the purchase of another is an exclusive-dealing contract.
A)True B)False
Q4) In determining the legality of a merger, a crucial consideration is market concentration.
A)True
B)False
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Chapter 24: Online Developments:
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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) Deutsche Werke, GmbH., a German firm, is harmed by a price-fixing scheme engineered by Collider Industries, S.A., an international cartel.The European Union is most likely to
A)actively pursue Collider and impose civil penalties.
B)actively pursue Collider and impose criminal penalties.
C)contact Collider and issue a reprimand but impose no penalties.
D)do nothing.
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Chapter 25: Investor Protection, Insider Trading, Corp Gov
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Q1) Readmore Bookstore Corporation files a registration statement with the Securities and Exchange Commission and provides a prospectus describing the securities to investors.These items are intended to provide sufficient information so that the financial risks involved can be evaluated by
A)market professionals to explain to all investors.
B)government regulators to disclose to the general public.
C)sophisticated investors only.
D)unsophisticated investors.
Q2) Maple Products Corporation is a public company, which New Hampshire regulates and in which Orin invests.The Sarbanes-Oxley Act of 2002 introduced direct federal corporate governance requirements to A)public companies.
B)private investors.
C)state regulators.
D)none of these choices.
Q3) "Blue sky laws" regulate securities data stored in cloud computing servers.
A)True
B)False
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