MGMT 209 Final || QUESTIONS AND ANSWERS 100% CORRECT
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Module
Mgmt
Institution
Mgmt
Which role(s) of law in the business world standardize(s) activities that would otherwise be consideredpurely private interactions of individuals? correct answers Regulation
If the offeree dies the offer is correct answers terminated by law
Ethel and Brandy enter into a contract where Ethel i...
MGMT 209 Final || QUESTIONS AND ANSWERS 100%
CORRECT
Which role(s) of law in the business world standardize(s) activities that would otherwise be
consideredpurely private interactions of individuals? correct answers Regulation
If the offeree dies the offer is correct answers terminated by law
Ethel and Brandy enter into a contract where Ethel is to clean Brandy's house once a week for
a year for$25 a week. A year goes by and Brandy has paid Ethel the agreed price for the
year's work because Ethel has cleaned the house each week as per the contract, but then tells
Ethel that Brandy does not want to continue the cleaning contract. What type of contract
is/was this? correct answers Valid
The British imposed the Sugar Act, Stamp Act, etc. on the Colonists to: correct answers Raise
revenue to pay for the French and Indian War
What event probably led to the Constitutional Convention more than any other historical
event? correct answers Shay's Rebellion
The power of the Commerce Clause has been seen through the struggle for power between
the National and State governments in what three historical events? correct answers
McCulloch v. Maryland, Civil War and the Civil Rights Movement
A civil court uses the preponderance of the evidence standard in the required burden of proof.
What does a criminal court utilize? correct answers The State or the Prosecution always has
to prove the case beyond a reasonable doubt
Dr. Brown treats a patient who has AIDS. When Dr. Brown asked the patient how they got
AIDS, they tell him/her that the only way they could have gotten AIDS was that you were his
gay lover for years and his only lover. Therefore, the only way he could possibly have gotten
the disease was from you. Dr. Brown calls you and tells you that you have been exposed to
AIDS. However, you are not home and Dr. Brown leaves this message on the recorder: " I
have a patient that tells me that you are the source of his AIDS. I can't tell you the patient's
name but you need to get tested for AIDS." Your wife hears the message and hits you with a
baseball bat when you get home. You sue Dr. Brown for Defamation when the test comes
back negative. What is the probable result? correct answers You lose because there is no
defamation.
To be liable under Trespass to Real Property correct answers the owner must have established
that that area is not an area for the trespasser to enter.
Joe Candidate is running for office and tells the media that his opponent is having an illicit
affair with another man who is only 17 years old. He does not identify the underage man. His
opponent, Fred Opponent, sues Joe Candidate for defamation. Which of the following
statements is most correct. correct answers Fred Opponent will win but only if he proves the
statement was defamatory and made with malicious intent
,John runs a stop sign and hits Mary's car. At trial John proves Mary was speeding. The jury
finds that both John and Mary were negligent. John is found to be 20 per cent negligent and
Mary was found to be 80 per cent negligent. The case was probably tried in: correct answers
a comparative negligence jurisdiction
Henningensen v. Bloomfield Motors established which type of products liability? correct
answers implied warranty theory
A very feeble 94 year old woman, Betty, is at the bank depositing her Social Security check
when a very tall, muscular young male, Henrick, tries to steal her purse. Betty takes her .38
out of her pocket and shoots Henrick, killing him. Henrick's family flies in from Sweden and
sues Betty for the wrongful death of Henrick. What will the court probably do? correct
answers rule for Betty because she used reason self defense
Jack and Jill have dated for several years but Jill has eyes for Tom and goes out on a date
with Tom. However, Jack sees then and gets very upset and screams and yells at Jill using
every nasty, bad word that he can. He really loses it and acts very childish. Jill is extremely
upset and Tom convinces her to sue Jack, who is very wealthy, for intentional infliction of
mental distress. What will probably happen in the case of Jill v. Jack? correct answers Jill
will lose in Texas because with these facts, she cannot prove the Texas version of Intentional
Infliction of Mental Distress
What was the first of the Federal Regulatory Agencies correct answers ICC
lf a regulatory agency enforces its laws against any type of business, it is called: correct
answers economy wide
If Keebler is claiming that they have Lite Townhouse crackers, what does this mean if they
are in compliance with the Nutrition Labeling and Education Act of 1990? correct answers
they have 1/3 fewer calories than the regular Townhouse crackers
Which of the Anti-Trust laws was written very broadly to cover many areas of Anti-Trust
laws and alsomakes it a felony to attempt to monopolize? correct answers Sherman
If a group of competitors get together and agree to not deal with one specific competitor, this
is what type of anti-trust violation and handled by what rule? correct answers horizontal
boycott, per se
The Hart-Scott-Rodino Anti-Trust Act of 1976 correct answers requires per-merger
notification
What are yellow dog contracts? correct answers contacts where the employee agreed to never
join the union and if he/she did they could be fired and lead to the employee being blacklisted
At the height of the Great Depression, unemployment was at correct answers 30%
The labor law that prohibited management from obtaining injunctions against labor disputes
was/were: correct answers Norris-LaGuardia
, Under the National Labor Relations Act who is NOT a covered employee? correct answers
maids
Mandatory topics of good faith bargaining include all the following except correct answers
who will be the union president
When can workers go out on a worker safety strike? correct answers only if the employees
are in danger
If unionized workers go out on strike claiming it to be a worker safety issue when it is
determined by the NLRB that the strike was really an economic strike, what can the employer
legally do? correct answers they can fire the workers and not rehire them
What is the most distinguishing factor of a limited partnership? correct answers the limited
partner must be a silent partner when it comes to business decisions
In 1997, the IRS issued new regulations on LLCs that correct answers gave LLCs the right to
decide to have an unlimited existence
How do you begin the process to create an LLC? correct answers filing Articles of
Organization with the Secretary of State in Texas
Derivative Actions are: correct answers lawsuits filed by shareholders against someone or
something that has hurt the corporation financially
Which Securities Law regulates the re-sale of securities previously issued on secondary
markets like the NYSE? correct answers the '34 Act
Mike and Mary are a married couple. Their personal property maximum of exempt property,
in Texas, is: correct answers $100,000 worth of personal property
In Texas a special statutory lien only for automobile mechanics is called a(n): correct answers
Worker's lien
Which of the following is not considered an act constituting an error under the Electronic
Funds Transfer Act correct answers a computational (math) error by the consumer
What is the maximum amount of liability of a Consumer who doesn't notify the bank of a lost
ATM card for over sixty (60) days from the date the card is lost? correct answers all of the
charges on the account, including all the money the Consumer has in the financial institute
When the EPA sets the NAAQS what is of primary concern to the EPA? correct answers
human beings
The major area of concern in water pollution is: correct answers point sources
Uranium mines are regulated by the EPA and correct answers NRC
What is not a covered area of water pollution control? correct answers Acid Rain
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