Question 1

The primary objective of a sin tax is to generate additional revenue for the government.

Accepted Answer

A) True 
 B)False

Question 2

The number of Americans filing for bankruptcy has decreased as a result of the Bankruptcy Reform Act.

Accepted Answer

A) True 
 B)False

Question 3

Congress prohibited discrimination against people with physical disabilities when they enacted the Americans with Disabilities Act.This is an example of common law.

Accepted Answer

A) True 
 B)False

Question 4

Laws regulating marriage and the payment for personal injuries are part of our body of civil law.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following protects the original work of authors and artists i.e. ,their books,photos,or cartoons)?

Accepted Answer

A) a trademark 
B) a copyright 
C) the Uniform Commercial Code 
D) a patent

Question 6

Congratulations! You've just finished composing a song that will be the next big hit.Your next step is to apply for a patent through the U.S.Patent & Trademark Office.

Accepted Answer

A) True 
 B)False

Question 7

The government's involvement in governing the behavior of business people seems to be increasing.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

In 1978,a 13-year-old boy was severely burned in a rear-end collision involving a Ford Pinto.The case went to court and Ford was ordered to pay $125 million in punitive damages based on the legal principle of:

Accepted Answer

A) product discrimination. 
B) product liability. 
C) breach of contract. 
D) exclusive dealing.

Question 10

Your paycheck and the check you write to Old Navy for a pair of jeans are both examples of a negotiable instrument.

Accepted Answer

A) True 
 B)False

Question 11

Chapter 13 bankruptcy permits individuals and small-business owners to repay creditors over a period of three to five years.

Accepted Answer

A) True 
 B)False

Question 12

What is the Uniform Commercial Code and why is it important?

Accepted Answer

The answer of What is the Uniform Commercial Code and...

Question 13

The Sherman Antitrust Act forbids actual monopolies or attempts to monopolize any part of commerce.

Accepted Answer

A) True 
 B)False

Question 14

The Class Action Fairness Act is a first step toward setting limits on the amount of damages for which companies are liable should their products harm consumers.

Accepted Answer

A) True 
 B)False

Question 15

Real property is real estate owned by individuals and businesses.

Accepted Answer

A) True 
 B)False

Question 16

The remedy for a tort is:

Accepted Answer

A) imprisonment. 
B) a breach of contract. 
C) bankruptcy. 
D) monetary compensation.

Question 17

A bankruptcy allows creditors to get at least part of their money when there are assets available to divide among the creditors.

Accepted Answer

A) True 
 B)False

Question 18

Chapter 13 proceedings are more complicated than Chapter 7 bankruptcy proceedings.

Accepted Answer

A) True 
 B)False

Question 19

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.

Accepted Answer

A) True 
 B)False

Question 20

In order to be legally binding,a contract must be a written agreement between two or more parties.

Accepted Answer

A) True 
 B)False

Exam 21 :test Planning Table for Bonus Exam A

The primary objective of a sin tax is to generate additional revenue for the government.

The number of Americans filing for bankruptcy has decreased as a result of the Bankruptcy Reform Act.

Congress prohibited discrimination against people with physical disabilities when they enacted the Americans with Disabilities Act.This is an example of common law.

Laws regulating marriage and the payment for personal injuries are part of our body of civil law.

Which of the following protects the original work of authors and artists i.e. ,their books,photos,or cartoons) ?

Congratulations! You've just finished composing a song that will be the next big hit.Your next step is to apply for a patent through the U.S.Patent & Trademark Office.

The government's involvement in governing the behavior of business people seems to be increasing.

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

In 1978,a 13-year-old boy was severely burned in a rear-end collision involving a Ford Pinto.The case went to court and Ford was ordered to pay $125 million in punitive damages based on the legal principle of:

Your paycheck and the check you write to Old Navy for a pair of jeans are both examples of a negotiable instrument.

Chapter 13 bankruptcy permits individuals and small-business owners to repay creditors over a period of three to five years.

What is the Uniform Commercial Code and why is it important?

The Sherman Antitrust Act forbids actual monopolies or attempts to monopolize any part of commerce.

The Class Action Fairness Act is a first step toward setting limits on the amount of damages for which companies are liable should their products harm consumers.

Real property is real estate owned by individuals and businesses.

The remedy for a tort is:

A bankruptcy allows creditors to get at least part of their money when there are assets available to divide among the creditors.

Chapter 13 proceedings are more complicated than Chapter 7 bankruptcy proceedings.

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.

In order to be legally binding,a contract must be a written agreement between two or more parties.