BUL 4421 THE NEW DEPARTMENT ASSESSMENT
Which of the following BEST describes the many groups of people who are affected by
managerial decision's by a firm? - Answers :Stakeholders.
____________________ refers to the power of a court to render a decision in a
particular type of case. - Answers :Subject matter jurisdiction.
Which of the following statements is TRUE regarding the power of the U.S. Congress to
legislate? - Answers :Congress may only legislate in areas for which there is an express
grant of authority by the U.S. Constitution.
Which of the following is NOT an example of Alternative Dispute Resolution (ADR)
method? - Answers :Appeal.
Sara is the CEO of a manufacturing company that produces industrial chemicals. The
company has been illegally dumping toxic waste into nearby rivers, causing significant
harm to the environment and neighboring communities. Although Sara was aware of the
illegal dumping, she did not personally participate or direct the activity; as CEO, she had
the authority to prevent it.
The state environmental agency has initiated legal action against the company, seeking
penalties and remedies. Can Sara be held personally liable? - Answers :Yes, because
she had the authority and responsibility to prevent the illegal dumping.
__________________ damages are an award that puts the plaintiff in the position
he/she would have been in had the tort not occurred; ________________ damages are
designed to punish the defendant and deter such conduct in the future. - Answers
:compensatory; punitive.
In which of the following scenarios may the offer still be accepted (i.e., in which scenario
has the offer NOT been effectively terminated)? - Answers :Homebuyer gives seller
$100 for an option to purchase the home over the next 30 days. Five days later, seller
calls homebuyer to cancel the offer.
Consideration is present in each of the following examples, EXCEPT: - Answers :Skier's
promise to purchase seller's skis unless she changes her mind.
As a general rule, any contract entered into by a minor is _______________ until a
reasonable time after reaching the age of majority. After that point, the minor may no
longer ____________ the contract. - Answers :voidable; disaffirm.
If present, all of the following will render a contract voidable and capable of being
rescinded, EXCEPT: - Answers :Unilateral mistake where one party made an incorrect
assumption and the other party had no reason to know of the error.
Which of the following BEST describes the many groups of people who are affected by
managerial decision's by a firm? - Answers :Stakeholders.
____________________ refers to the power of a court to render a decision in a
particular type of case. - Answers :Subject matter jurisdiction.
Which of the following statements is TRUE regarding the power of the U.S. Congress to
legislate? - Answers :Congress may only legislate in areas for which there is an express
grant of authority by the U.S. Constitution.
Which of the following is NOT an example of Alternative Dispute Resolution (ADR)
method? - Answers :Appeal.
Sara is the CEO of a manufacturing company that produces industrial chemicals. The
company has been illegally dumping toxic waste into nearby rivers, causing significant
harm to the environment and neighboring communities. Although Sara was aware of the
illegal dumping, she did not personally participate or direct the activity; as CEO, she had
the authority to prevent it.
The state environmental agency has initiated legal action against the company, seeking
penalties and remedies. Can Sara be held personally liable? - Answers :Yes, because
she had the authority and responsibility to prevent the illegal dumping.
__________________ damages are an award that puts the plaintiff in the position
he/she would have been in had the tort not occurred; ________________ damages are
designed to punish the defendant and deter such conduct in the future. - Answers
:compensatory; punitive.
In which of the following scenarios may the offer still be accepted (i.e., in which scenario
has the offer NOT been effectively terminated)? - Answers :Homebuyer gives seller
$100 for an option to purchase the home over the next 30 days. Five days later, seller
calls homebuyer to cancel the offer.
Consideration is present in each of the following examples, EXCEPT: - Answers :Skier's
promise to purchase seller's skis unless she changes her mind.
As a general rule, any contract entered into by a minor is _______________ until a
reasonable time after reaching the age of majority. After that point, the minor may no
longer ____________ the contract. - Answers :voidable; disaffirm.
If present, all of the following will render a contract voidable and capable of being
rescinded, EXCEPT: - Answers :Unilateral mistake where one party made an incorrect
assumption and the other party had no reason to know of the error.
