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MGT 330 Week 2 Quiz Answers (2019) > Graded 100%
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MGT 330 Week 2 Quiz Answers (2019) > Graded 100%
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a. cannot be reached by partnership creditors.b. cannot be reached by partnership creditors unless partnership assets are exhausted.
Partners' personal assets:
c. can only be reached by personal creditors.
d. none of the above *
a. are people who get information from corporate insiders.
b. are relatives of corporate directors who are given nonpublic information.
Tippees:
c. can be liable under section 10(b).
d. all of the above *
a. by agreement
Which of the following is not a method for b. by estoppel
forming a partnership? c. by implication
d. by transfer *
a. only to shareholders.
b. to directors.*
Section 16 applies: c. when there is a purchase followed by a sale within a six-month period of any
shareholder.
d. all of the above
a. is the same as a partnership by implication.
b. results when third parties are led to believe a partnership exists.*
A partnership by estoppel
c. is the same as a joint venture.
d. none of the above.
a.Wagner Act.
The law that is considered pro employer is b. Taft Hartley.*
the: c. Norris LaGuardia.
d. Landrum-Griffin.
a. proxy voting.*
Jim owns shares in the ABC corporation. He
b. straight voting.
would like to go to a shareholder meeting
c. cumulative voting.
but he cannot miss work. Jim can vote by:
d. all of the above
a. must be determined by management.
b. must consist of workers who perform the same functions.
A collective bargaining unit:
c. is determined by the union.
d. none of the above.*
a. the corporation is released from liability.
In a novation by the board involving the b .the promoter is released from liability.*
corporation and a third party, c. the promoter is made secondarily liable.
d. none of the above.
Jane and June work as legislative assistants in a.Employer/employee
the Arizona legislature. Both are also b.They are both sole proprietors
talented paper hangers and have begun c. limited partnership
taking wallpapering jobs at night and on d. partnership *
weekends to earn extra money. The
customers supply the wallpaper while Jane
purchases the necessary supplies and
equipment. The cost of supplies for each job
is deducted from the fee paid to the girls
and June and Jane split the remaining money.
They each pay income tax on their
respective shares. Do Jane and June have
what type of relationship?
, a. will owe his/her corporation the profits from the opportunity.*
b. will not owe the profits to the corporation so long as the venture was disclosed in
A director who steals a corporate
advance.
opportunity
c. has violated the business judgment rule.
d. none of the above.
a. holds directors liable for errors in business judgment.
b. holds directors liable for their mistakes.
The business judgment rule c. holds directors liable for failure to obtain necessary information for making
decisions*
d. none of the above.
Lund was the CEO of Verit Co. Lund was a.section 11
contacted by Horowitz, the CEO and b. section 12
Chairman of the Board of P & F. Horowitz c.section 10b *
told Lund of an opportunity P & F had to buy d.section 16
into a Las Vegas Casino. Lund immediately
purchased 10,000 shares of P & F. Three days
after Lund's purchase, P & F announced its
intentions to enter into a joint venture for a
Las Vegas casino. Lund was then able to sell
his shares for considerable profit. Lund's
actions violate what sections under the 1934
Act.
a. limited partnership interest
Which of the following would not be b. bonds
considered a security under the 1933 Act? c. pension fund *
d. sale of Florida citrus groves
a. tombstone ads
b. red herrings
Which of the following can be done before
c. offers to sell to accredited investors
the registration statement is effective?
d. a and b *
e. all of the above
a. wages
b. hours
Which is not a mandatory subject matter for
c. vacations
good-faith bargaining?
d. merit pay
e. All of the above are mandatory subject matters.*
a. directors
b. officers
Who is liable for a Section 11 violation? c. only directors who sign the registration statement
d. both a and b*(directors and officers)
e. none of the above
a. forbidding distribution of union literature during work hours in work areas *
Which of the following is not an unfair labor b. promising pay increases to employees if they vote against the union
practice for management? c. threatening to close down a plant if the union is brought in
d. All of the above are unfair labor practices.
a. job hiring decisions.
b. promotions.
The prohibitions on sex discrimination apply
c. wage increases.
to:
d. a, b, and c *
e. none of the above
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