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Study Resources (Business Management)

  44.Which of the following is true regarding whether a nonemployee may hold an employer liable under Title VII for harassment of an employee?  A.An employer cannot be held liable in such cases because the employer has no control over the nonemployee. B.An employer is liable as a matter of law in such.
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  65.Congress passed _________________ in an effort to prevent exploitation of small investors.  A.the Investment Company Act of 1940 B.the Securities Enforcement Remedies and Penny Stock Reform of 1990 C.the Market Reform Act of 1990 D.the Securities Act Amendments of 1990 E.the National Securities Market Improvement Act of 1996 66.Which of the following refer to state securities.
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  True / False Questions 1.When an employer could fire a worker for no reason, it is considered at-will employment.  2.The concept of at-will employment is a relatively new concept, created in the 1950's.  3.Under employment-at-will, an employee may quit at any time.  4.Employees are protected in the workplace by federal laws only.  5.State laws may.
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  106.In which of the following does an aggressor pay cash to target shareholders?  A.Hostile tender offer B.Cash tender offer C.Immediate tender offer D.Substantial tender offer E.Asset tender offer 107.______________________ occurs when a target corporation offers to buy its shareholders' stock.  A.A self-tender offer B.A leveraged buyout C.A cross-tender offer D.A challenge-tender offer E.An illegal tender offer 108.____________________ occurs when a group within.
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  45._____ is an organization formed by individuals to market products.  A.A cooperative B.A consortium C.A corporation D.A universe E.An enterprise 46.Which form of business organization generally provides unlimited transferability of ownership interests?  A.Corporations B.General partnerships C.Limited partnerships D.Sole proprietorships E.Limited liability companies 47.______________________ is a partnership agreement in which company members hold transferable shares while all the goods of the company are.
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  11.The purpose of securities regulation in China is similar to that of the SEC in the United States.  12.A tombstone advertisement announces a forthcoming sale of securities in a format similar to that of a tombstone.  13.An accredited investor is allowed to accept private securities offerings under certain specific guidelines set by.
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  76.Which of the following are directors who are also officers or employees of the corporation?  A.Approved directors B.Outside directors C.Inside directors D.Affiliated directors E.Unaffiliated directors 77.___________________ are directors who are not officers or employees of the corporation.  A.Approved directors B.Outside directors C.Inside directors D.Affiliated directors E.Unaffiliated directors 78.______________ are outside directors who have business contacts with the corporation.  A.Approved directors B.Outside directors C.Inside directors D.Affiliated directors E.Unaffiliated.
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  Multiple Choice Questions 25.____________________ are financial instruments designed as notes, stocks or bonds which are issued by corporations to raise capital for corporate expansion.  A.Acknowledgements B.Securities C.Stock and bond options D.Investment options E.Funding agreements 26.What was the result on appeal in Steven Klein, Warren Brandwine v. General Nutrition Companies Inc., the case in the text in which.
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  True / False Questions 1.In U.S. law, corporations are legal entities and have rights under the Constitution.  2.Shareholders of a corporation can freely transfer their corporate shares.  3.A corporation must be dissolved if over 50% of the shareholders die.  4.Dividends are profits that a corporation keeps.  5.Corporations have only those powers that states grant them.  6.Corporations.
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  116.Which of the following is available to Garrett, a major shareholder in ABC Corporation who believes that the corporation has wrongfully failed to declare a dividend to shareholders?  A.A shareholder's derivative suit B.A shareholder's direct suit C.A consolidation suit D.A mandated suit E.None of these because as a shareholder, Garrett can only complain to state.
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  35.Which of the following is false regarding a limited liability partnership?  A.A limited liability partnership is considered a separate legal entity. B.Limited liability partnerships are fairly new. C.The business name must include "Limited Liability Partnership" or an abbreviation in the name. D.The parties must file a form with the secretary of the state to.
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  41.________________ is not a federal law referenced in the text regulating product labeling.  A.The Wool Products Labeling Act B.The Fur Products Labeling Act C.The Flammable Fabrics Act D.The Nutrition Labeling and Education Act E.The Imported Canine and Feline Fur Act 42.Which of the following is required by the Federal Trade Commission Cooling-Off Rule in regard to.
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  Multiple Choice Questions 36.Which is false about a corporation?  A.Corporations cannot exist separately from their shareholders B.Corporations are legal entities C.Corporations have rights under the Fifth Amendment to the U.S. Constitution D.Corporations can sue or be sued by others E.Corporations are subject to state incorporation statutes 37.A(n) ____________________ is a document a corporation files with the state.
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  Multiple Choice Questions 24.Which of the following was the result in Teresa Harris v. Forklift Systems, Inc., the case in the text in which the U.S. Supreme Court addressed the issue of whether an employee must suffer serious psychological damage in order to pursue damages for a claim of sexual harassment?  A.That.
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  86.Which of the following is false regarding the liability of directors and officers for criminal behavior?  A.Directors and officers can be held personally responsible for their own crimes. B.Directors and officers can be held personally responsible for the crimes of other employees within the organization when they have failed to adequately supervise.
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  Multiple Choice Questions 21.Which of the following was the result on appeal in Richard D. Kennedy and Sally S. Kennedy v. Chase Manhattan Bank, U.S.A., N.A., the case in the text involving whether a bank may obtain an individual's credit report to determine whether to extend credit after providing a prequalified.
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  Essay Questions 135.Discuss the rights of corporations under the Bill of Rights.  136.Warren was the president of a corporation whose articles of incorporation specified that the corporation's purpose was to market dairy products. Warren, however, convinced the board of directors to support him in opening a furniture store. Warren proceeded to enter.
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  96.If corporate directors fail to sue when the corporation has been harmed by an individual, another corporation, or a director, individual shareholders can file a(n) _____ on behalf of the corporation.  A.investigative action B.shareholder action suit C.shareholder's direct suit D.shareholder's derivative suit E.active allocation suit 97.In which of the following does a shareholder sue alleging that.
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  54.Which of the following is true regarding whether employers may discriminate against smokers?  A.There is a federal law specifically prohibiting employers from firing employees who smoke. B.There is a federal law specifically prohibiting employers from firing or from refusing to hire employees who smoke. C.There is a federal law specifically prohibiting employers from.
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  Essay Questions 85.List the advantages and disadvantages of a sole proprietorship form of business.  86.Set forth the disadvantages of forming a corporation.  87.Brice just finished a residence in internal medicine and wants to go into practice with Horace and Joyce. Brice tells you that while he needs to practice with other physicians for.
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  75.Tutoring Concerns. Wally and Sally want to go into business together and plan on offering a tutoring service to high school and college students. Wally proposes that they share control of the business and split profits equally and not bother with a written agreement. Sally, however, is concerned about being.
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  11.Under the Telephone Consumer Protection Act, it is illegal to transmit advertisements via fax unless the recipient agrees to the fax transmission.  12.Federal Regulations prohibit the advertising of cigarettes on radio and television but allow ads for smokeless tobacco.  13.Federal laws outlaw the manufacturing of products, which are potentially harmful.  14.Congress repealed the.
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  55.Which of the following is false regarding franchises?  A.The franchisee often receives help from the franchisor in starting the franchise. B.The franchisor has the legal authority to ensure that the franchisee maintains the quality of goods and services associated with the franchise. C.The franchisor is not liable for torts of the franchisee's employees.
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  55.___________________ is a person who controls, is controlled by, or is in common control with the issuer.  A.An affiliate B.An associate C.A partner D.A holder E.A tipper 56.The __________________ defense requires that the defendant demonstrates that she investigated the registration statement and had reasonable grounds to believe that the statement was accurate.  A.restricted securities B.red-herring C.insider trading D.due diligence E.proxy 57.Which of.
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  74.______________ is also known as the Labor-Management Relations Act.  A.The Taft-Hartley Act B.The National Labor Relations Board C.The Fair Labor Standards Act D.The Wagner Act E.The Landrum-Griffin Act 75._____________ primarily governs the internal operations of labor unions.  A.The Taft-Hartley Act B.The National Labor Relations Board C.The Fair Labor Standards Act D.The Wagner Act E.The Landrum-Griffin Act 76.The National Labor Relations Board lacks.
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  88.Define a joint venture and set forth two differences under the law between a joint venture and a partnership.  89.Describe a franchise that is a distributorship and give an example of a distributorship.  90.Suzanne wants to open a legal litigation support business and market to attorneys for their needs in court preparation.
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  46.Private persons create ______ corporations for private purposes.  A.public B.private C.true D.domestic E.publicly held 47.Which of the following is false regarding a nonprofit corporation?  A.A nonprofit corporation may not earn profits. B.Nonprofit corporations do not have shareholders. C.An objective of a nonprofit corporation is not to earn profit. D.Nonprofit corporations do not issue stock. E.Churches and charitable organizations are examples of.
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  11.The issue of whether a hostile work environment exists is only considered by the courts in the area of harassment based upon gender.  12.The bona fide occupational qualification defense allows an employer to discriminate in hiring on the bases of sex, religion, or national origin if it is necessary for the.
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  65.In a limited partnership, which of the following assume no liability for the partnership beyond the capital they have invested?  A.General partners B.Limited partners C.Special partners D.General partners, limited partners, and special partners E.General and special partners, but not limited partners 66.In a limited partnership which of the following have no part in the management of.
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  93.Mona is a state representative. She believes that her state should pass a law mandating that all employees receive at least one week of vacation per year. Nick, one of her fellow representatives, tells her that the state legislature cannot do so because federal law may only grant an increase.
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  Multiple Choice Questions 25.When a person decides to go into business on his or her own and is solely responsible for management and profits a(n) __________________ is formed.  A.individual entity B.sole proprietorship C.single entity D.sole entrepreneurship E.single entrepreneurship 26.Which of the following is false regarding a sole proprietorship?  A.A sole proprietorship requires few legal formalities. B.A sole proprietor has.
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  45.Investment banking firms that purchase securities from the issuing corporation with the intent of selling them to brokerage houses that then sell them to the public are known as ______________.  A.underwriters B.offerors C.issuers D.accredited purchasers E.None of these because that practice is illegal 46.Once an issuer files a registration statement and prospectus, the ______ period begins.  A.advertising B.post-filing C.waiting D.approval E.prospectus 47.A.
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  11.An S corporation has the tax status of a partnership.  12.Nonresident aliens may not be shareholders of an S corporation.  13.A promoter begins the corporate creation and organization process and, raises capital for the new corporation.  14.A corporation must be incorporated in the state in which it has its principal place of business.  15.State.
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  Essay Questions 90.Set forth the definition of sexual harassment as stated by the EEOC and accepted by the U.S. Supreme Court.  91.Set forth the family-related occurrences under which leave is available under the Family and Medical Leave Act.  92.Discuss whether you ethically believe employment-at-will should be retained in the U.S. and whether you.
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  True / False Questions 1.A consumer law is a statute or administrative rule serving to protect consumer interests.  2.The Federal Trade Commission is an independent federal agency whose goal is to protect consumers.  3.A consent order is an FTC order requiring that a company stop its illegal behavior.  4.The practice of advertising with claims.
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  56._____________________ provides basic information about the corporation in the corporate formation process.  A.The articles of subscription B.The agreement to promote C.The agreement to subscribe D.The agreement to incorporate E.The articles of incorporation 57.According to the Revised Model Business Corporation Act, which of the following should articles of incorporation include?  A.The name of the corporation B.The name of the.
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  51.________________ permits repeated transactions and assesses a finance charge on unpaid balances.  A.Open-ended credit B.Closed-ended credit C.Debt-based credit D.Uncollateralized credit E.Collateralized credit 52.Credit card applications include ___________ under the Truth in Lending Act.  A.the APR B.annual fees C.the grace period for paying without a finance charge D.the APR, annual fees, and the grace period for paying without a finance charge E.the.
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  21.Shareholders are directly responsible for the daily management of a corporation.  22.Directors and officers have a fiduciary duty of care.  23.Directors and officers are self-dealing when they make decisions that violate their corporate duty of loyalty.  24.An individual director or officer may not personally benefit from decisions made by the board of directors.  25.A.
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  64.How much must an employee pay in order to continue health benefits under COBRA?  A.One half the policy premiums. B.All the policy premiums, plus up to a 5 percent administrative fee. C.Only whatever percentage of policy premiums the employee paid prior to leaving the job. D.All the premiums, plus up to a 2 percent.
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  85.Rebecca, a secretary at ABC Software Company, a publicly traded company, enjoyed snooping through the desk of her boss, Emma. One day while snooping, Rebecca came across information indicating that ABC Software was in the process of launching a new type of software that it was believed would be very.
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  66.Owners of _______________ enjoy preferences with respect to assets and dividends.  A.acknowledged B.complex C.simple D.preferred E.common 67.Owners of ___________________________ own a portion of a corporation but do not enjoy any preferences.  A.acknowledged B.complex C.simple D.preferred E.common 68.How are directors chosen after incorporation?  A.By majority vote of the shareholders. B.By majority vote of all officers. C.By a two-thirds vote of shareholders. D.The president appoints them in his.
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  34.__________________ may be covered by Title VII.  A.Indian tribes B.Private clubs C.Unions D.Employment agencies E.All of these 35.Title VII applies to employers who have ______ or more employees for ______ consecutive weeks within one year and who are engaged in a business that affects commerce.  A.15; 20 B.50; 20 C.15; 30 D.20; 50 E.20; 52 36.What is the first step a plaintiff.
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  True / False Questions 1.A prospectus is a financial instrument designed as a note, stock, or bond to raise capital for corporate expansion.  2.The value of a security is based upon what the paper represents.  3.The U.S. Supreme Court has interpreted the Securities Act of 1933 to mean that only stocks and bonds.
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  35.For how long does each member at the head of the Securities and Exchange Commission serve?  A.Five years B.Three years C.Two years D.One year E.Eighteen months 36.__________________ regulates how companies issue corporate securities.  A.The Securities Act of 1933 B.The Securities Exchange Act of 1934 C.The Depression Act of 1932 D.The Oversight Act of 1935 E.The Stock and Bond Act of 1930 37._____________________.
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  31._____________ is the use of generalities and clear exaggerations.  A.Half-truth B.Puffing C.Bait-and-switch D.Deception E.Fraud 32.When an advertisement is true but incomplete it is a(n) ____________.  A.inaccurate truth B.rule 8(a) violation C.rule 3 violation D.significant untruth E.half-truth 33._______________ is the requirement of the Federal Trade Commission that advertisers have a reasonable basis for claims made in advertisements.  A.Ad substantiation B.Ad verification C.Proof of ad veracity D.Illustration of.
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