Exam 22: Extension: Working Within the Legal Environment

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The changing nature of U.S. business from manufacturing to knowledge technology has led to the call for new levels of regulation from federal agencies.

(True/False)

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Question 41

When McDonald's lost a lawsuit to a person severely burned by hot coffee McDonald's was found to be guilty of:

(Multiple Choice)

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Question 42

The intent of the Sherman Antitrust Act of 1890 was to encourage the growth of large business organizations in the U.S. in order to compete with more established firms in Europe.

(True/False)

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Question 43

Business law creates the legal framework for the enforcement of criminal statutes.

(True/False)

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Question 44

Explain two of the major U.S. antitrust laws.

(Essay)

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Question 45

Decisions made by judges in previous cases are an important part of common law.

(True/False)

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Question 46

Submarine patents are primarily designed to generate large patent royalties for their owners.

(True/False)

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Question 47

The Clayton Act prohibits interlocking directorates.

(True/False)

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Question 48

Under contract law, "damages" are the monetary settlements awarded to a person who is injured by a breach of contract.

(True/False)

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Question 49

If State University violates its housing contract with a student, the student is prohibited from suing the university for damages because the contract was for the delivery of services rather than the delivery of goods.

(True/False)

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Question 50

Public utility commissions are federal agencies.

(True/False)

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Question 51

One purpose of the Robinson-Patman Act is to outlaw price differences that substantially weaken competition.

(True/False)

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Question 52

Filing for bankruptcy under the Chapter 11 provisions allows a company to reorganize and continue operations while paying only a proportion of its debts.

(True/False)

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Question 53

Under the doctrine of strict product liability, a manufacturer can be held liable:

(Multiple Choice)

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Question 54

Utilizing the bankruptcy laws, Yankee Distribution petitioned the court to reorganize and continue operations while paying only a limited proportion of its current debts. This represents an example of a Chapter ________ bankruptcy.

(Multiple Choice)

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Question 55

The FTC has jurisdiction over false or misleading advertising.

(True/False)

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Question 56

Exclusive dealing means selling goods with the condition that the buyer will not buy goods from a competitor.

(True/False)

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Question 57

The purpose of governmental deregulation is to eliminate laws that seem to hinder competition.

(True/False)

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Question 58

The two main purposes of taxes are:

(Multiple Choice)

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Question 59

The Federal Trade Commission acts to stop false and deceptive advertising and labeling.

(True/False)

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Question 60

Showing 41 - 60 of 245

Exam 22: Extension: Working Within the Legal Environment

The changing nature of U.S. business from manufacturing to knowledge technology has led to the call for new levels of regulation from federal agencies.

When McDonald's lost a lawsuit to a person severely burned by hot coffee McDonald's was found to be guilty of:

The intent of the Sherman Antitrust Act of 1890 was to encourage the growth of large business organizations in the U.S. in order to compete with more established firms in Europe.

Business law creates the legal framework for the enforcement of criminal statutes.

Explain two of the major U.S. antitrust laws.

Decisions made by judges in previous cases are an important part of common law.

Submarine patents are primarily designed to generate large patent royalties for their owners.

The Clayton Act prohibits interlocking directorates.

Under contract law, "damages" are the monetary settlements awarded to a person who is injured by a breach of contract.

If State University violates its housing contract with a student, the student is prohibited from suing the university for damages because the contract was for the delivery of services rather than the delivery of goods.

Public utility commissions are federal agencies.

One purpose of the Robinson-Patman Act is to outlaw price differences that substantially weaken competition.

Filing for bankruptcy under the Chapter 11 provisions allows a company to reorganize and continue operations while paying only a proportion of its debts.

Under the doctrine of strict product liability, a manufacturer can be held liable:

Utilizing the bankruptcy laws, Yankee Distribution petitioned the court to reorganize and continue operations while paying only a limited proportion of its current debts. This represents an example of a Chapter ________ bankruptcy.

The FTC has jurisdiction over false or misleading advertising.

Exclusive dealing means selling goods with the condition that the buyer will not buy goods from a competitor.

The purpose of governmental deregulation is to eliminate laws that seem to hinder competition.

The two main purposes of taxes are:

The Federal Trade Commission acts to stop false and deceptive advertising and labeling.

Taking Risks and Making Profits Within the Dynamic Business Environment

Understanding Economics and How It Affects Business

Doing Business in Global Markets

Demanding Ethical and Socially Responsible Behavior

How to Form a Business

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Production and Operations Management

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Union and Employeemanagement Issues

Marketing: Helping Buyers Buy

Developing and Pricing Goods and Services

Distributing Products

Using Effective Promotions

Understanding Accounting and Financial Information

Financial Management

Using Securities Markets for Financing and Investing Opportunities

Money, Financial Institutions, and the Federal Reserve

Managing the Marketing Mix: Product, Price, Place and Promotion

Extension: Using Technology to Manage Information

Extension: Managing Risk

Extension: Managing Personal Finances

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