BLS FINAL EXAM TEST BANK QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+
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Course
BLS
Institution
BLS
BLS FINAL EXAM TEST BANK QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+
protect the public, especially from the business community. - Answer-Business often fails to regulate itself, and the lack of self-regulation is contrary to the public interest. To counterbalance, administrative agencies exist to...
BLS FINAL EXAM TEST BANK
QUESTIONS WITH COMPLETE
SOLUTIONS GRADED A+
protect the public, especially from the business community. - Answer-Business often
fails to regulate itself, and the lack of self-regulation is contrary to the public interest. To
counterbalance, administrative agencies exist to
-develop detailed rules and regulations to carry out the legislative policy.
-refer the problem or area to experts for solution and management.
-protect the public, especially from the business community.
- replace competition with regulation
True - Answer-Due process of law requires that before a rule or regulation may be
adopted by an agency, interested parties must be given notice of the proposed rules
and an opportunity to express their views on them.
True or False
S corporation - Answer-In a(n) ______, the shareholders are taxed only on income
distributed.
Corporation
Limited Liability Company
Sole proprietorship
S corporation
False - Answer-Misdemeanors are punishable by a mandatory jail sentence of 18
months.
True or False
secrecy of the proceedings - Answer-Proper functioning of the grand jury system
depends upon the
-secrecy of the proceedings
-date of the actual crime
-number of accused in a case
-performance of the petit jury
, adjudicating - Answer-The ______ function of an administrative agency involves both
fact-finding and applying law to the facts.
advising
rule-making
adjudicating
investigating
False - Answer-The three basic forms of business organizations are limited
partnerships, S corporations, and limited liability companies.
True or False
piercing the corporate veil - Answer-When courts find that a corporate organization is
being misused, the corporate entity can be disregarded. This has been called
-cracking the corporate shell
-breaching the corporate defense
-breaking the corporate shield
-piercing the corporate veil
Control of a corporation may be held by those with a minority of the investment. -
Answer-Which of the following is an advantage of the corporate form of organization?
-A corporation need not be qualified in all states where it is conducting local or intrastate
business.
-The cost of forming and maintaining a corporation is minimal.
-License fees and franchise taxes are not assessed against corporations.
-Control of a corporation may be held by those with a minority of the investment.
It requires that the accused individual admit to the jurisdiction of an agency and waive
all rights to seek a judicial review. - Answer-Which of the following statements is true of
a consent order?
-It is commonly known as a commission order
-It excludes organizations and nonprofit organizations in its scope.
-It is extremely expensive in comparison to other types of orders.
-It requires that the accused individual admit to the jurisdiction of an agency and waive
all rights to seek a judicial review.
It is usually committed for personal financial gain. - Answer-Which of the following
statements is true of a white-collar crime?
-It is based on personal revenge rather than material or property gains.
-It predominantly involves heavy use of violence and physical force.
-It is usually committed for personal financial gain.
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