FBLA TEST #2 EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
1: The most direct way employers discriminate is through
Disparate treatment
Disparate impact
Age discrimination
Business necessity - Answer ✔✔Disparate treatment
2: An oral statement of fact or promise constitutes
No warranty
An implied warranty
An express warranty
A limited warranty - Answer ✔✔An express warranty
3: A person has the right to control the conduct of another, who is
performing a physical task for that person, is called a(n)
Agent's agent
Master
Independent contractor
Principal - Answer ✔✔Master
4: When a minor disaffirms a contract, the merchandise received upon
entering the contract should be
,Undamaged
Returned
Paid for
Ratified - Answer ✔✔Returned
5: When a contract ends, it is said to be
Discharged
Released
Tendered
Avoided - Answer ✔✔Discharged
6: Shareholders who want to control the election of the board of
directors by buying a majority of the shares in a corporation but are
unable to, may try to obtain a
Pooling agreement
Proxy
Shareholder proposal
Voting trust - Answer ✔✔Proxy
7: A type of co-ownership in which a person's heirs inherit that person's
share of property is known as
Tenancy by the entirety
Tenancy in common
Joint tenancy
, Adverse possession - Answer ✔✔Tenancy in common
8: A warranty that promises to fix or replace a defective product free of
charge for a certain time period is called a(n)
Express warranty
Limited warranty
Full warranty
Warranty of title - Answer ✔✔Full warranty
9: The difference between market value and debt in the property is
called
Easement
Equity
Interest
Escrow - Answer ✔✔Equity
10: A legal document verifying permission to practice a particular trade
or profession is called a
Contract
Covenant
License
Permit - Answer ✔✔License
11: Absolute liability to pay is also known as
1: The most direct way employers discriminate is through
Disparate treatment
Disparate impact
Age discrimination
Business necessity - Answer ✔✔Disparate treatment
2: An oral statement of fact or promise constitutes
No warranty
An implied warranty
An express warranty
A limited warranty - Answer ✔✔An express warranty
3: A person has the right to control the conduct of another, who is
performing a physical task for that person, is called a(n)
Agent's agent
Master
Independent contractor
Principal - Answer ✔✔Master
4: When a minor disaffirms a contract, the merchandise received upon
entering the contract should be
,Undamaged
Returned
Paid for
Ratified - Answer ✔✔Returned
5: When a contract ends, it is said to be
Discharged
Released
Tendered
Avoided - Answer ✔✔Discharged
6: Shareholders who want to control the election of the board of
directors by buying a majority of the shares in a corporation but are
unable to, may try to obtain a
Pooling agreement
Proxy
Shareholder proposal
Voting trust - Answer ✔✔Proxy
7: A type of co-ownership in which a person's heirs inherit that person's
share of property is known as
Tenancy by the entirety
Tenancy in common
Joint tenancy
, Adverse possession - Answer ✔✔Tenancy in common
8: A warranty that promises to fix or replace a defective product free of
charge for a certain time period is called a(n)
Express warranty
Limited warranty
Full warranty
Warranty of title - Answer ✔✔Full warranty
9: The difference between market value and debt in the property is
called
Easement
Equity
Interest
Escrow - Answer ✔✔Equity
10: A legal document verifying permission to practice a particular trade
or profession is called a
Contract
Covenant
License
Permit - Answer ✔✔License
11: Absolute liability to pay is also known as
