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Exam (elaborations)

BUS 404 Final Exam Latest Update Actual Exam from Credible Sources with Questions and Verified Correct Answers Golden Ticket to Guaranteed A+ Verified by Professor

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  • BUS 404
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  • BUS 404

BUS 404 Final Exam Latest Update Actual Exam from Credible Sources with Questions and Verified Correct Answers Golden Ticket to Guaranteed A+ Verified by Professor

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  • October 16, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUS 404
  • BUS 404
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Tutordiligent
BUS 404 Final Exam Latest Update 2024-2025
Actual Exam from Credible Sources with
Questions and Verified Correct Answers Golden
Ticket to Guaranteed A+ Verified by Professor
Accredited Investors - CORRECT ANSWER: Investment companies (venture
capitalists), individuals with $200k annual income, individuals with $1 million net worth,
executive officers and company directors (founder's stock)


Bud Light vs. Miller Light - CORRECT ANSWER: Facts: Bud light advertised Miller Light
as containing Corn Syrup. Miller light used corn syrup in fermentation process and listed
in ingredients list.
Rule: FTC Act prohibits "unfair and deceptive trade practices"2 tests:1. False or likely to
mislead a reasonable conumer2. Material to the consumer's decision making
Application: Not false, Miller Light literally has corn syrup listed on the ingredients list.


CA's "ABC" Test - CORRECT ANSWER: - Worker is free from company's control and
direction
- Worker performs tasks outside the company's usual course of business
- Worker is customarily engaged in an independent business or occupation in the same
field


California v Uber - CORRECT ANSWER: Facts:
California wants Uber works to be classified as employees, huge impact on Uber's
business structure.
Rule: California ABC Test
Application: - worker's can select which jobs they want to take
- Uber a "software" company, not a driving company
- Drivers can operate with Lyft and other driving services as well

, Coleman v Retina Consultants - CORRECT ANSWER: Facts: Software designer for Eye
doctorBuilt program combining medical records, image storage, and billingNon-compete
for any Atlanta Eye doctor for one year
Rule: Non-compete:ActivityGeographyTime
Application: Not valid in California, doesn't fit in sale of business or agreement between
partnersValid in Atlantic, reasonable geography (Atlanta), Activity (software design for
eye doctor, and Time (only one year)


Consumer Protection (FTC legal test) - CORRECT ANSWER: Rule: FTC Act prohibits
"unfair and deceptive trade practices"
Test (2 factor): 1.False or likely to mislead a reasonable consumer
2.Material to the consumer's decision making


Crowdfunding - CORRECT ANSWER: - Small contributions, from many people
- No ownership in company, simply rewards or pre-purchases
- Historically, large private investments from some people (rule 506)


Dirk v SEC 1983 - CORRECT ANSWER: Facts: Raymond Dirks: securities analyst at
NY brokerage, client of Ronald Secrist Secrist: reveals to Dirks that fraud took place,
Dirks spoke with current employees to investigate, tells clients to sell, WSJ writes story,
Dirks tells research to SEC
Rule: Tipper liability:-Breached fiduciary duty-Received benefitTippee liability:-Tipper
liable-Tippee knew Tipper should have know of breach in fiduciary duty-Tippee should
have know of Tipper's benefit
Application: Secrist didn't breach fiduciary duty, shared info to expose fraudSecrist
received no benefitTippee can therefor not be liable
Ruling: Tipper (Secrist) and Tippee (Dirks) not liable


Disparate impact: defendant's case - CORRECT ANSWER: Prove that the policy is: job
related and consistent with business necessity


Disparate impact: plaintiff's case - CORRECT ANSWER: - identify specific employment
practice or policy that discriminate on protected class

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