Legal Aspects of Management
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Course Introduction
Legal Aspects of Management explores the foundational legal principles and frameworks that impact business operations and management decisions. The course covers key topics such as contract law, employment law, intellectual property, company law, dispute resolution, and regulatory compliance. Students will examine how legal considerations influence managerial policies, corporate governance, risk management, and ethical conduct in both local and global contexts. Through case studies and practical examples, students will develop the ability to identify potential legal issues and apply appropriate strategies to mitigate legal risks in organizational settings.
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
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Page 2
Chapter 1: Business and Its Legal Environment
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Sample Questions
Q1) Constitutional law includes only the U.S.Constitution.
A)True
B)False
Answer: False
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) No state has adopted the Uniform Commercial Code in its entirety.
A)True
B)False
Answer: False
Q4) The stability and predictability of the law is essential to business activities.
A)True
B)False
Answer: True
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Chapter 2: The Court System
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Sample Questions
Q1) 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
Q2) After a trial between OptiGames,Inc. ,and Play Video Corporation,the jury renders a verdict in OptiGames's favor.Play Video's attorney can file a motion
A)for a new trial.
B)for judgment on the pleadings.
C)for summary judgment.
D)to dismiss the case.
Answer: A
Q3) Venue is the term for the subject matter of a case.
A)True
B)False
Answer: False
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Chapter 3: Alternative and Online Dispute Resolution
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Sample Questions
Q1) Faraway Sales Corporation,a U.S.firm,and Globe Transport,a Dutch firm,enter into a contract that includes an arbitration clause.This clause must provide that the arbitrator will be
A)the American Arbitration Association.
B)the International Chamber of Commerce.
C)the United Nations.
D)any third party.
Answer: D
Q2) Alternative dispute resolution refers to any method for resolving a dispute outside the court system.
A)True
B)False
Answer: True
Q3) Negotiation involves the parties to a dispute,with or without their attorneys.
A)True
B)False
Answer: True
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Page 5
Chapter 4: Ethics and Business Decision Making
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Sample Questions
Q1) A business firm's profits may suffer if the firm is not a "good corporate citizen."
A)True
B)False
Q2) Chuckie,president of DrinkUp Fresh Beverages,Inc. ,does not apply utilitarianism to business ethical issues.One problem with utilitarianism is that it A)gives business profits priority over production costs.
B)ignores the practical costs of a given set of circumstances. C)requires complex cost-benefit analyses of simple situations. D)tends to justify human costs that many find unacceptable.
Q3) A common ethical dilemma faced by the management of General Holdings Corporation involves the effect that its decision will have on A)one group as opposed to another.
B)the firm's competitors.
C)the government.
D)the U.S.Chamber of Commerce.
Q4) Business ethics focuses on ethical behavior in the business world.
A)True
B)False
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Chapter 5: Constitutional Law
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Sample Questions
Q1) National legislation governs nearly every major business activity,including conduct that has nothing to do with commerce.
A)True
B)False
Q2) A law that has any impact on religion is unconstitutional.
A)True
B)False
Q3) The establishment clause of the U.S.Constitution prohibits the federal government from promoting a religion.
A)True
B)False
Q4) Procedural due process requires that any government decision to take a person's property must be made fairly.
A)True
B)False
Q5) Jen operates Jen's Fruits & Vegetables,a small market stocked entirely with produce grown on her adjacent farm.Under what clause of the Constitution can the federal government regulate Jen's activities What is Jen's best argument against federal regulation of her farm and business
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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) The Federal Aviation Administration uses notice-and-comment rulemaking.The final rule in such a proceeding is sometimes referred to as
A)a legislative rule.
B)an interpretive rule.
C)an adjudicatory order.
D)an executive edict.
Q3) Final administrative rules have binding legal effect unless the courts later overturn them.
A)True
B)False
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Chapter 7: Criminal Law and Cyber Crime
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Sample Questions
Q1) Most cyber crimes are "new" crimes.
A)True
B)False
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) Davis points a gun at Eton,threatening to shoot him if he does not steal from his employer,Freddy's Convenience Store,and give the stolen funds to Davis.Charged with theft,Eton can successfully claim,as a defense
A)nothing.
B)duress.
C)entrapment.
D)self-defense.
Q4) It is not identity theft to use a fabricated identity to access financial resources online.
A)True
B)False
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9
Chapter 8: International Law in a Global Economy
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Sample Questions
Q1) China and India form an agreement to govern their commercial exchanges with one another.This is
A)a bilateral agreement.
B)a lateral agreement.
C)a multilateral agreement.
D)a unilateral agreement.
Q2) International Diversified Corporation (IDC)owns assets in Tagistan,a new country in Asia.The government of Tagistan wants to nationalize all assets owned by foreign firms and investors.What can IDC do Can it at least obtain payment for the assets
Q3) A foreign state is immune from the jurisdiction of U.S.courts as long as the state is involved in commercial activity in the United States.
A)True
B)False
Q4) Chile has a civil law system.In theory,in this system,the courts
A)are obligated to follow the doctrine of stare decisis.
B)may not develop their own laws.
C)must create new rules of law.
D)must develop legal concepts by case law.
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Page 10
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) To be effective,an offer must be communicated to the offeree. A)True
B)False
Q3) On May 1,Brand Name Industries,Inc.(BNI),sent Carol a letter,via overnight delivery,offering to employ her to audit BNI's financial statements for the current year for $1,000.In the letter,BNI stated that Carol had ten days to accept.On May 5,Carol sent BNI a fax that stated,"The price for the audit seems too low.Would you consider paying $1,200" BNI received the fax.The next day,Dan offered to conduct the audit for $800.On learning of Dan's offer,Carol immediately e-mailed BNI,agreeing to do the work for $1,000.BNI received this e-mail on May 7.Explain why BNI and Carol do,or do not,have a contract.
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Page 11
Chapter 10: Contract Performance,breach,and Remedies
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Sample Questions
Q1) Jane and Kelly want Lucy to replace Kelly as a party to their contract.They can best accomplish this by
A)a mutual agreement to rescind.
B)an accord and satisfaction.
C)a novation.
D)an alteration of the contract.
Q2) A contract will be discharged if foreseeable circumstances make it impossible to attain the contract's purpose.
A)True
B)False
Q3) Elin contracts to buy six cases of vintage Fertile Valley wine from Grapes & Vines Winery for $1,200.The contract states that delivery is to be made at Elin's residence "on or before May 1,to be used for daughter's wedding reception on May 2." On May 1,Grapes & Vines's delivery van is involved in an accident,and no wine is delivered that day.On the morning of May 2,Elin buys the wine from Happy Hill Winery.That afternoon,just before the reception,Grapes & Vines tenders delivery of the wine at Elin's residence.Elin refuses tender.Grapes & Vines sues Elin for breach of contract.How is the court most likely to rule
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Page 12
Chapter 11: Sales,leases,and E-Contracts
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Sample Questions
Q1) Recycle Packaging,Inc. ,agrees to sell 50,000 6-ounce yogurt containers to Organic Dairy Company.Recycle can obtain only 20,000 of the 6-ounce containers,but also ships 30,000 more expensive 8-ounce containers for the same price.Organic rejects the 8-ounce containers.With time for performance not yet expired,Recycle can
A)attempt to cure the defect.
B)cancel the contract.
C)recover the purchase price plus incidental damages.
D)resell or dispose of the goods and hold Organic liable for any loss.
Q2) All oral contracts are enforceable under the UCC. A)True B)False
Q3) Under the UCC,a firm offer for a sale or lease of goods made by a merchant can be revoked at any time before acceptance. A)True B)False
Q4) In most sales,sellers warrant that they have good and valid title to the goods sold. A)True
B)False
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Page 13
Chapter 12: Torts and Cyber Torts
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Sample Questions
Q1) Amber shops in a Breezy Bargains store,whose employee Connor recently mopped the floor.Amber slips,falls,and suffers an injury.Breezy is liable to Amber on a negligence theory if there was a "Wet Floor" warning sign and A)Amber cannot read it.
B)Amber was distracted by other patrons.
C)Amber was enticed by a nearby display.
D)Connor did not place the sign near the wet floor.
Q2) An individual's right to privacy includes the exclusive use of his or her likeness. A)True
B)False
Q3) The purpose of tort law is to provide remedies when legally protected interests have been invaded.
A)True B)False
Q4) An unauthorized scan of a bank account can be an invasion of privacy. A)True B)False
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14
Chapter 13: Strict Liability and Product Liability
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Sample Questions
Q1) One requirement for a product liability suit based on negligence is a failure to exercise reasonable care.
A)True
B)False
Q2) A public policy underlying the imposition of strict product liability is that consumers should be protected against unsafe products.
A)True
B)False
Q3) GR8 Skates Company makes and sells a pair of skates to Homer.GR8 fails to exercise "due care" to make the skates safe,and Homer is injured as a result.GR8 is most likely liable for
A)assumption of risk.
B)knowledgeable use.
C)negligence.
D)foreseeable misuse.
Q4) Sellers or lessors are liable only for products that are reasonably dangerous. A)True
B)False
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Page 15
Chapter 14: Intellectual Property and Internet Law
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Sample Questions
Q1) USA Transport Company uses a mark associated with its name to distinguish its services from those of other transport firms.The mark is
A)a certification mark.
B)a collective mark.
C)a service mark.
D)trade dress.
Q2) It is possible to copyright an idea.
A)True
B)False
Q3) Copyright protection is automatic-registration is not required.
A)True
B)False
Q4) RiteMade Machinery,Inc. ,designs,makes,and sells a drill press.Steel Equipment Company copies the design without RiteMade's permission.Steel's conduct is actionable provided
A)consumers are confused.
B)Steel's conduct is intentional.
C)Steel's conduct reduces the value of RiteMade's design.
D)RiteMade's design is patented.
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Chapter 15: Creditor-Debtor Relations and Bankruptcy
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Sample Questions
Q1) 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.
Q2) A debtor's vehicle is never exempt from satisfaction of a judgment debt. A)True
B)False
Q3) Certain liquidation cases may be converted to repayment plan cases with the consent of the debtor.
A)True B)False
Q4) Creditors may contract with a debtor for discharge of the debtor's liquidated debts. A)True
B)False
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17
Chapter 16: Mortgages Foreclosures After the Recession
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Sample Questions
Q1) In a judicial foreclosure,the lender is allowed to foreclose on and sell the property without judicial supervision.
A)True
B)False
Q2) Lenders can require balloon payments for loans with terms of five years or less. A)True B)False
Q3) A borrower has a right to rescind a mortgage within three business days. A)True
B)False
Q4) Refer to Fact Pattern 16-1A.Under federal law,disclosures with respect to one of 24-Hour Credit's loans must be provided
A)a certain number of days after the loan is finalized.
B)a certain number of days before the loan is finalized.
C)at the same time at which the loan is finalized.
D)at whatever time is most rational and appropriate.
Q5) There are additional disclosure requirements for a higher-priced mortgage loan. A)True B)False
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Chapter 17: Sole Proprietorships, franchises, Partnerships
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Sample Questions
Q1) Echo enters into an agreement with Deep Pan Pies,Inc. ,to operate a franchise in Centre City.Later,Deep grants franchises to others within the city.Echo files a suit to close them.If the court rules in Echo's favor it will most likely be on the ground that
A)Deep violated the antitrust laws.
B)Deep violated the implied covenant of good faith and fair dealing.
C)Echo paid a franchise fee.
D)Echo was the first Deep franchisee in Centre City.
Q2) Refer to Fact Pattern 17-2A.Luann signs a contract with Oleo Chips,a retail component supplier,apparently on Networx's behalf.The contract is binding on
A)Luann,Mace,and Networx.
B)Luann only.
C)Networx only.
D)Oleo only.
Q3) Good faith and fair dealing are not important in terminating a franchise relationship.
A)True
B)False
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Chapter 18: Limited Liability Companies and Limited Partnerships
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Sample Questions
Q1) Esteban and Florian want to form a limited liability company (LLC)to manage their business,Gordian Nuts.LLC statutes have been adopted in
A)all states.
B)no states.
C)less than one-fifth of the states.
D)only Wyoming and Florida.
Q2) Lui is considering forms of business organization for a chain of Magic Trix novelty stores.One advantage of the limited liability company form,with respect to tax options,is its A)flexibility.
B)lack of accountability.
C)limited liability.
D)rigidity.
Q3) Some states have passed laws prohibiting the withdrawal of limited partners from a limited partnership.
A)True
B)False
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Page 20
Chapter 19: Corporations
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Sample Questions
Q1) Gladys is a shareholder of Frozen Yogurt,Inc.As a shareholder,Gladys must approve A)amending the bylaws.
B)declaring a corporate dividend.
C)hiring a chief executive officer.
D)issuing additional shares.
Q2) Clark is a shareholder of Bedrest Mattress Company.Clark will be deemed to have a fiduciary duty to Bedrest and its minority shareholders if he has A)preferred stock.
B)a right of first refusal.
C)a sufficient number of shares to exercise de facto control.
D)watered stock.
Q3) 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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21
Chapter 20: Agency
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Sample Questions
Q1) Home Development Company employs llya to buy property for a future residential development.Ilya secretly buys some of the property and sells it to Home Development at a profit.Ilya has breached A)no duty.
B)the duty of accounting.
C)the duty of loyalty.
D)the duty of notification.
Q2) An agent's authority to act on behalf of a principal must be actual and apparent. A)True
B)False
Q3) Meals n' More,Inc. ,a catering company,requires its customers to pay by check.Lyra,a Meals n' More driver,tells customers that they can pay her with cash.When Meals n' More learns of Lyra's collections,it takes no action to stop it.Lyra steals some of the cash.Meals n' More may suffer the loss under the doctrine of A)apparent authority.
B)express authority. C)implied authority. D)no authority.
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Chapter 21: Employment Relationships
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Sample Questions
Q1) Children under fourteen years of age are not allowed to work.
A)True
B)False
Q2) Rich works as a forklift operator for Storage Warehouse Company.Assuming that Rich meets other requirements,the maximum number of hours that he can work per week without overtime pay is
A)thirty-nine.
B)forty.
C)forty-one.
D)unlimited.
Q3) Carla,a waitress at Diners Coffee Shop,notices that the kitchen staff is not wearing protective gloves while preparing food,a violation of state law.Carla reports this to Esau,her manager,but no steps are taken.Carla then tells Free Press,a local newspaper.Free Press runs a story on the violations.Business at Diners drops 65 percent.Can Diners fire Carla for these actions
Q4) Generally,under employment-at-will doctrine,an employer may fire an employee at any time for any reason.
A)True
B)False
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Chapter 22: Employment Discrimination
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Sample Questions
Q1) Nina is a Jew and Odell is a college student.Based on this information,members of protected classes include
A)neither Nina nor Odell.
B)Nina and Odell.
C)Nina only.
D)Odell only.
Q2) Protection against discrimination under the Civil Rights Act of 1964 does not extend to situations in which individuals are harassed by members of the same gender.
A)True
B)False
Q3) Pikabo files an employment discrimination suit against Quantitative Analysis,Inc. ,under the Civil Rights Act of 1964,based on its discharge of Pikabo.Possible relief includes A)imprisonment.
B)reinstatement.
C)fines.
D)an order to shutdown the employer's business.
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Chapter 23: Immigratiion and Labor Law
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Q1) During a union election campaign,employers can undertake certain types of surveillance to identify union supporters.
A)True B)False
Q2) An employer can agree with a union not to handle non-union-produced goods.
A)True
B)False
Q3) Requiring union membership as a condition of continued employment is illegal in many states.
A)True
B)False
Q4) The law guarantees union members higher wages than nonunion workers. A)True B)False
Q5) A closed shop is a workplace that rejects union membership as a condition of employment.
A)True B)False
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Chapter 24: Consumer Protection
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Q1) Bodie's application to City Bank for a credit card is denied.Bodie can obtain information on her credit history in a credit agency's files under A)no federal law.
B)the Equal Credit Opportunity Act.
C)the Fair Credit Reporting Act.
D)the Fair Debt Collection Practices Act.
Q2) Tonya and many other consumers complain to the Federal Trade Commission (FTC)that a Whoopie Wonders Company ad is deceptive.The FTC's first step is to A)draft a formal complaint.
B)investigate.
C)issue a cease-and-desist order.
D)require counteradvertising.
Q3) Labels must use words that are easily understood by the ordinary marketing executive.
A)True
B)False
Q4) Food products are not required to bear labels detailing the nutritional content.
A)True
B)False
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Chapter 25: Environmental Law
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Sample Questions
Q1) The Environmental Protection Agency periodically updates the pollution standards.
A)True
B)False
Q2) 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.
Q3) States have the primary responsibility for enforcing the permit system for point-source water pollution control.
A)True
B)False
Q4) Only the Environmental Protection Agency can sue violators of emission limits under the Clean Air Act.
A)True
B)False
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Chapter 26: Real Property Land-Use Control
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Q1) A state cannot regulate the overall appearance of a community.
A)True
B)False
Q2) 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.
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) A tenancy by the entirety is created by a conveyance of all of a parcel of real property to a single tenant.
A)True
B)False
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Chapter 27: Antitrust and Monopoly
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Q1) A firm can have monopoly power without violating antitrust law.
A)True
B)False
Q2) The Sherman Act applies only to acts that have a significant impact on interstate commerce.
A)True
B)False
Q3) Any action challenged as an attempt to monopolize must have been specifically intended to exclude competitors and garner monopoly power.
A)True
B)False
Q4) Any agreement between firms that has the effect of reducing competition in the marketplace is a restraint of trade.
A)True
B)False
Q5) A firm may be a monopolist even though it is not the sole seller in a market.
A)True
B)False
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Chapter 28: Antitrust and Restraints of Trade
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Q1) Seaside Cannery,Inc. ,is one of many producers of canned seafood.Seaside refuses to sell its products to Troll Harbor Restaurant Corporation.This refusal is most likely
A)an anticompetitive practice in violation of the Clayton Act.
B)a per se violation of the Sherman Act.
C)a violation of the Sherman Act under the rule of reason.
D)not a violation of antitrust law.
Q2) Indigo Packaging,Inc. ,a manufacturer of packaging papers and boxes,refuses to sell to Jiffy Quik,Inc. ,a delivery service firm.Indigo convinces Knotty Box Company,a competitor,to do the same.This is
A)a group boycott.
B)an exclusive-dealing contract.
C)a price-fixing agreement.
D)a tying arrangement.
Q3) For purposes of price discrimination,identical products sold under different labels are deemed to be of like quality.
A)True
B)False
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Chapter 29: Investor Protection and Corporate Governance
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Sample Questions
Q1) Ridgeline Sports Gear,Inc. ,is required to register its securities under Section 12 of the Securities Exchange Act of 1934.Section 16(b)of the act covers
A)the declaration of dividends by Ridgeline's board of directors.
B)the later re-registration of Ridgeline's securities.
C)the short-swing activities of Ridgeline's insiders.
D)the solicitation of proxies from Ridgeline's shareholders.
Q2) Securities that are exempt from the registration requirement can not generally be resold without being registered.
A)True
B)False
Q3) Hobie,the chief executive officer of Ideal Gamers,Inc.(IGI),intentionally understates the amount of IGI's debts in information provided to investors as part of an issue of IGI stock.Jack buys the stock and suffers a loss.Hobie may be subject to
A)government prosecution and Jack's suit.
B)neither government prosecution nor Jack's suit.
C)only government prosecution.
D)only Jack's suit.
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Page 31
Chapter 30: Part I: The Foundations
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Q1) In the pursuit of profits,Global Enterprises Corporation engages in what some observers consider to be bad corporate behavior.The worldwide explosion of information technology has led to a transparent global economy that makes socially responsible behavior
A)more important.
B)less important.
C)neither more nor less important.
D)both more and less important.
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) 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.
Q2) 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.
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Chapter 32: Part III: The Commercial Environment
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Q1) Merchandise Presentation Company enters into a contract with Newt to perform certain services for a certain price.Newt is later dissatisfied with what he claims is a low level of service for a high price.Whether this deal is unconscionable is subject to A)the interpretation of a court.
B)the opinion of the buyer.
C)the position of the seller.
D)the precise definition in UCC 2-302.
Q2) 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.
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Chapter 33: Part IV: The Business Environment
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Q1) 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.
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) 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) AgriEquip Service & Supply,Inc. ,sends Merilyn an e-mail in which AgriEquip offers to employ her for certain hours and a specific amount of money over a limited period of time.She responds with a counteroffer that reduces the hours and increases the money.AgriEquip e-mails an acceptance.Merilyn performs,but AgriEquip refuses to pay.She files a suit against AgriEquip for breach of contract.The court is most likely to rule that the e-mail
A)showed only an agreement to agree.
B)was an agreement to the essential terms of an employment contract.
C)constituted an unenforceable,non-existent contract.
D)contained a contract but is unenforceable because it is electronic.
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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) Sayer is an employee of Thorny Foliage Eradication,Inc.Sayer tweets messages about Thorny Foliage to employees and outside interested parties,including investors and others.According to the Securities and Exchange Commission,Sayer's messages are subject to
A)federal securities laws.
B)international communications regulations.
C)state blog and tweet rules.
D)no law.
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