BLE: Melvin Business law and strategy
A federal court sitting in either New York or New Jersey - ✔✔Suppose a general contractor
headquartered in New York sues a subcontractor headquartered in New Jersey for breach of contract,
claiming $90,000 in damages. Which court has subject matter jurisdiction over the case?
a) A mass tort action - ✔✔Which of the following is a type of class action lawsuit that involves a
massive accident where many people are injured?
a) A mass tort action
b) An omnibus tort action
c) A collective criminal action
d) A consolidated criminal action
a) ADR could potentially cost a fraction of normal litigation costs. - ✔✔Which of the following is true
regarding alternative dispute resolution (ADR) compared to litigation?
a) ADR could potentially cost a fraction of normal litigation costs.
b) ADR is, by is nature, adversarial.
c) The time spent in ADR is much longer than the time period normally associated with litigation.
d) Litigation is usually conducted in private, while ADR is not.
100%
a) It requires that certain agency meetings be open to the public. - ✔✔Which of the following is false
regarding the Freedom of Information Act (FOIA)?
a) It requires that certain agency meetings be open to the public.
b) It generally excludes from public inspection documents that contain agency personnel matters.
c) It gives the public the right to examine many government documents.
d) It allows private parties to sue an agency if records are wrongfully withheld
a) Management articulates a clear vision of ethics and moral integrity through all levels of the
organization. - ✔✔Which of the following is a common trait of effective values management?
a) Management articulates a clear vision of ethics and moral integrity through all levels of the
organization.
b) Management's vision of ethics and integrity is implemented exclusively at the executive
management level of organizational structure.
c) The reward systems, policies, and practices of the organization are aligned with the
industry-leading organization's vision of ethics and integrity.
d) Responsibility is seen as collective rather than individual.
a) Relaxed penalties for noncompliance - ✔✔Current legal trends include all but which of the
following?
a) Relaxed penalties for noncompliance
, b) Navigating increased U.S. and foreign regulation
c) Varying international regimes in trade and intellectual property
d) Increased officer and director liability
Adjudicate disputes and exercise judicial review - ✔✔What are the two primary roles of the judiciary?
Adjudicating disputes - ✔✔Suppose that a civil trial court in Cook County, Illinois hears an
automobile accident case and renders a judgement in favor of the plaintiff for $125,000. The trial
court decision in this case is an example of what role of the judiciary?
America Invents Act (AIA); Patent Trial and Appeal Board (PTAB); U.S. Patent and Trademark Office
(USPTO) - ✔✔In
2011, the United States Congress updated the patent laws when it enacted the _____________. A
key aspect of this legislation was the creation of a new tribunal called the _____________ within the
_____________.
arbitrary and capricious; substantial evidence - ✔✔If an enabling statute is silent or ambiguous on an
administrative agency's authority, the court applies the _____________ standard to determine
whether the agency's actions were lawful. A heightened standard, known as the _____________ test,
applies only in a relatively small number of cases where the formal rulemaking process has been
required by the enabling act. 100%
Attorneys employed by law firms - ✔✔The majority of companies rely on _________ for their legal
needs.
b) A litigator - ✔✔A trial lawyer is also known as which of the following?
a) A settlor
b) A litigator
c) A ward of the court
d) A mediator
b) It emphasizes the role that government and regulatory agencies play in setting the outer limits of
corporate social responsibility. - ✔✔Which of the following is true regarding the moderate view of
corporate social responsibility (CSR?)
a) It supports the belief that the "invisible hand" of the market will produce the most benefits overall to
society.
b) It emphasizes the role that government and regulatory agencies play in setting the outer limits of
corporate social responsibility.
c) It is also known as the "maximizing profits" theory of CSR.
d) It involves the notion of "corporate citizenship."
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