BUS 218 Exam Package Deal

To judge whether or not an economy is doing well, it is useful to look at a. GDP b. the inflation rate c. the unemployment rate d. the trade deficit - Answer a. GDP The US Gross domestic product (GDP) is the market value of all final goods and services produced ........ in a given period of...

Which of the following is the correct definition of GDP? a. the market value of all final goods and services produced within a country in a given period of time. b. the market value of all final goods and - Answer a. The market value of all final goods and services produced within a country in a...

relationship between "machine code" and "assembly language" - Answer they have 1 to 1 ratio layout of rax register - Answer rax - 64 bits (entire register) or 8 bytes eax - lower 32 bits or 4 bytes ax - lower 16 bits or 2 bytes ax = ah:al al and ah - 8 bits or 1 byte al - lowest 8 bits ...

How many amendments are included in the Bill of Rights in the U.S. Constitution. - Answer 10 The ______ Amendment extends most of the provisions of the Bill of Rights to the states, prohibiting state interference in citizen's rights - Answer 14th Which amendment in the Bill of Rights guarante...

The U.S. Constitution establishes a system of government based on the principle of federalism - Answer True Congress can enact laws, but the president can then veto any law that Congress passes - Answer True Judicial review is explicitly laid out in the Constitution - Answer False The landm...

According to the principle of federalism established by the U.S. Constitution, how is the authority to govern allocated? - Answer It is divided between federal and state governments. The state of Michigan is getting ready to pass legislation that impacts businesses within its state and this legis...

When can an arbitration award be set aside? - Answer If the award resulted from fraud, corruption, or the arbitrator misbehaved in a way that prejudiced the rights of the parties. Which of the following is not necessarily considered an alternative to litigation? - Answer Negotiation Which of t...

Which of the following is true regarding the use of binding arbitration clauses in insurance contracts? - Answer In 14 states, the inclusion of binding arbitration clauses in insurance contracts is prohibited. Which of the following is true regarding negotiation as a form of ADR? - Answer Both pr...

Long arm statute - Answer Court can exercise personal jurisdiction over certain out of state defendants based on activities within the state Minimum Contacts (long arm statute requirement) - Answer Out of state company's connection to the state. I.e., Sold goods, caused accident, breached contr...

Which of the following are considered summaries of the common law rules in a particular area of law that have been enacted by most states? - Answer Restatements of Law The group that urges states to enact model laws to provide greater uniformity of law is called the ________. - Answer National Co...