LATEST WGU BUSINESS LAW FOR ACCOUNTANTS - C241 - PRE-ASSESSMENT PWHC. QUESTIONS WITH 100% CORRECT ANSWERS
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Course
WGU C241 BUSINESS LAW FOR ACCOUNTANTS
Institution
WGU C241 BUSINESS LAW FOR ACCOUNTANTS
What is the purpose of informal agency actions? - CORRECT ANSWER To provide advance notice that formal rulemaking may be forthcoming.
Which action has the government implemented in order to minimize health care costs? - CORRECT ANSWER Insurance companies must spend 80% of individ...
LATEST WGU BUSINESS LAW FOR
ACCOUNTANTS - C241 - PRE-ASSESSMENT
PWHC.2 2024-2025 QUESTIONS WITH 100%
CORRECT ANSWERS
What is the purpose of informal agency actions? - CORRECT ANSWER To provide
advance notice that formal rulemaking may be forthcoming.
Which action has the government implemented in order to minimize health care costs? -
CORRECT ANSWER Insurance companies must spend 80% of individual premiums on
benefits or pay a rebate to the insured.
Which act did Congress pass in 2011 to give the FDA greater authority to recall food
suspected to be tainted? - CORRECT ANSWER Food Safety Modernization Act
A specialized debt-collection agency contacted a consumer at his home at 4am to collect
past-due medical bill owed by consumer's mother.... harassed consumer... Which federal
statute prohibits this type of collection tactic? - CORRECT ANSWER The Fair Debt
Collection Practices Act
What is the purpose of the Comprehensive Environmental Response, Compensation, and
Liability Act? - CORRECT ANSWER To regulate the cleanup of hazardous waste
disposal sites
Which act regulates the cleanup of hazardous waste disposal sites? - CORRECT
ANSWER Comprehensive Environmental Response, Compensation and Liability Act
(CERCLA)
, LATEST WGU BUSINESS LAW FOR
ACCOUNTANTS - C241 - PRE-ASSESSMENT
PWHC.2 2024-2025 QUESTIONS WITH 100%
CORRECT ANSWERS
What is the purpose of Section 2 of the Clayton Act? - CORRECT ANSWER To
prohibit price discrimination agreements
A CPA performs an audit for a company...accepts explanations from mgmt of financial
irregularities that seem to indicate fraud. CPA issues clean opinion..company declares
bankruptcy... investors suffer losses, sue CPA for gross negligence.
Which type of fraud did this CPA engage in? - CORRECT ANSWER Constructive fraud
- a professional may be held liable for constructive fraud whether or not he or she acted
with fraudulent intent. Constructive fraud may be found when an accountant is grossly
negligent in performing his or her duties.
How does the Private Securities Litigation Reform Act of 1995 impact the liability of
accountants? - CORRECT ANSWER By limiting an accountant's liability to a
proportionate share of the damage resulting from a wrongful act
Which worker is eligible for unemployment compensation under the Federal
Unemployment Tax Act? - CORRECT ANSWER A staff member who is involuntarily
terminated and actively seeking employment
Which employer requirement is included in Davis-Bacon Act? - CORRECT ANSWER
Paying prevailing rates to all employees paid with federal funds
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