Gm520 Final Exam Random

|1 |What is a multilateral treaty? | a.a treaty related only to military action | b. a treaty among three or more nations | c. | | |a treaty related only to trade | || |2 |Corruption in international business operations: | ||| | |a. | | |is a necessary reality and generally accepted. | ||| | |b. | | |has no impact on contracts or profits. | ||| | |c. | | |is legal in most countries outside the United States. | ||| | |d. | | |undermines investment. | ||

|3 |A federal district court has subject matter jurisdiction over cases in which the United States is a party. | | |True | | |False | || |4 |If a defendant fails to answer a complaint within the time provided: | ||| | |a. | | |a mistrial is granted. | ||| | |b. | | |a summary judgment is granted. | ||| | |c. | | |the defendant has defaulted. | ||| | |d. | | |he is constitutionally entitled to an extension. | || |5 |Under the U.S. Constitution, states can regulate interstate commerce: | ||| | |a. | | |if the regulation benefits outweigh the burden on interstate commerce. |

||| | |b. | | |only if there is no federal regulation in the area. | ||| | |c. | | |if there is international trade involved. | ||| | |d. | | |but the regulations will apply only to companies headquartered in their state. | || |6 |The First Amendment permits regulation of ads for truth. | | |True | | |False | || |7 |Which of the following is NOT a ground for challenging an administrative regulation? | ||| | |a. | | |arbitrary and capricious regulation | ||| | |b. | | |constitutionality |

||| | |c. | | |failure to follow procedure | ||| | |d. | | |no formal public hearings | || |8 |Repatriation: | ||| | |a. | | |is prohibited under GATT. | ||| | |b. | | |is the process of bringing money earned elsewhere back to your own country. | ||| | |c. | | |is the same as expropriation. | ||| | |d. | | |rights cannot be limited. | ||

|9 |The USA Patriot Act requires that financial institutions and many other businesses must report transactions involving more than $10,000 | | |cash. | | |True | | |False | || |10|Causation: | ||| | |a. | | |is the same thing as proximate cause. | ||| | |b. | | |refers to "but for" causation. | ||| | |c. | | |need not be established where there is contributory negligence. | || |11|The FTC does not have the authority to require corrective advertising. | | |True | | |False | || |12|Which warranty is only given by merchants? | |||

| |a. | | |implied warranty of fitness for a particular purpose | ||| | |b. | | |implied warranty of merchantability | ||| | |c. | | |both implied warranty of merchantability and implied warranty of fitness for a particular purpose | || |13|The earliest regulation of water pollution was: | ||| | |a. | | |Federal Water Quality Act. | ||| | |b. | | |Clean Water Act. | ||| | |c. | | |Rivers and Harbors Act. | || |14|Contracts with minors are: | |||

| |a. | | |void. | ||| | |b. | | |unenforceable. | ||| | |c. | | |voidable. | || |15|Which of the following would be considered puffing? | ||| | |a. | | |"This house is constructed only of block and brick." | ||| | |b. | | |"This house has a fireproof roof." | ||| | |c. | | |"This house has the makings for raising a happy family." | ||| | |d. | | |"This house is termite-free." |

|| |16|Which of the following is prohibited by the FDCPA? | ||| | |a. | | |calling a debtor at 8:00 AM | ||| | |b. | | |notifying a debtor's employer of an uncollected debt of an employee | ||| | |c. | | |sending a letter to the debtor's home | ||| | |d. | | |contacting the debtor's spouse to parents for information regarding the debt | || |17|To which of the following can a consumer reporting agency NOT disclose credit information? | ||| | |a. | | |a potential employee | ||| | |b. |

| |a creditor who has a signed application from a debtor | ||| | |c. | | |a college or university evaluating an applicant for admission | ||| | |d. | | |a court with a subpoena | || |18|Which of the following statements is true regarding the length of copyright protection? | ||| | |a. | | |A copyright for the author of a short story used as the basis of a movie runs for the life of the author plus 70 years. | ||| | |b. | | |A copyright for software developed by a Microsoft employee at work runs for the life of the Microsoft employee plus 70 years. | ||| | |c. | | |An artist's copyright on a painting runs for 20 years. | ||| | |d. |

| |Music copyrights run for 14 years from the time they are first recorded. | || |19|Which of the following would constitute a form of price fixing? | ||| | |a. | | |tying arrangements | ||| | |b. | | |minimum or maximum prices | ||| | |c. | | |sole outlets and exclusive distributorships | || |20|Pastor Joseph Harmon of the First United Church entered into a contract to buy a one-half acre piece of land located next to the church | | |building. The land would be used for expansion of the existing church building as well as new parking spaces. Under the church's | | |incorporation documents and bylaws, only the chairman of the board of First United could sign for land purchases. Under the circumstances:| ||| | |a. | | |the contract is void. | |||

| |b. | | |the contract is voidable at the option of the adjoining landowner. | ||| | |c. | | |the chairman and the board could ratify Pastor Harmon's contract and it would be valid. | ||| | |d. | | |the contract must be set aside by the chairman of the board. | || |21|Which of the following would not be covered under worker's compensation? | ||| | |a. | | |a job-related disease | ||| | |b. | | |a job-related injury | ||| | |c. | | |an intentionally inflicted knife wound | || |22|The Family and Medical Leave Act (FMLA): |

||| | |a. | | |permits unpaid leave of up to 12 weeks for the birth of a child. | ||| | |b. | | |requires all Title VII employers to comply with its provisions. | ||| | |c. | | |provides for paid leave of up to 12 weeks for the birth of a child. | ||| | |d. | | |does not apply to men, just women. | || |23|The Americans with Disabilities Act: | ||| | |a. | | |requires reasonable accommodation of employees with disabilities. | ||| | |b. | | |prohibits discrimination against a job applicant who is disabled and cannot perform the job. | ||| | |c. |

| |requires employers to hire the handicapped. | || |24|In which of the following does the business itself pay income taxes? | ||| | |a. | | |corporation | ||| | |b. | | |partnership | ||| | |c. | | |LLC | || |25|SwissAire, Inc. has filed a registration statement with the SEC for a public offering of common stock. The registration statement was | | |completed on November 30, 1999, and filed on December 1, 1999. The statement became effective on December 30, 1999. Shares were first sold| | |on December 31, 1999. When can SwissAire first run a tombstone ad?

a.November 30, 1999 | b. December 1, 1999 | c.December 30, 1999 | d. December 31, 1999 |