FIU BUL 6810/ 6810 quiz 1

| September 29, 2018

Question 1
The
______ approach recognizes that “business decisions consist of continuous,
interrelated economic and moral components.”
Procedural
Systems
Conciliatory
Mandated
5
points
Question 2
Which
of the following was created by food advertisers in an attempt to halt
government regulation aimed at stopping marketing preying on children’s
vulnerability?
The
Children’s Advertising Review Unit
The
Minor’s Board Unit
The
Minor Protection Review Unit
The
Children’s Enhancement Board
5
points
Question 3
As
the public has become more concerned about childhood obesity, which of the
following is a government agency referenced in the text that is considering a
ban on certain types of children’s advertising?
The
American Consumer Agency
The
Federal Communications Commission
The
Federal Trade Commission
The
Federal-State Advertising Coalition
5
points
Question 4
Which
of the following is a theory that recognizes that firms have relationships with
many constituent groups which both affect and are affected by the actions of
the firm?
Stakeholder
Stockholder
Relational
Cohesive
5
points
Question 5
Which
of the following has the responsibility for deciding which allocation of
resources and rewards in a business makes the most business sense?
The
general manager
The
in-house lawyer
An
independently retained lawyer
An
independently retained law firm, not just one lawyer
5
points
Question 6
Susan,
the CEO of ABC Company, which was involved in the production and sale of hair
care products, decided to hire new employees to develop new product lines for a
planned expansion into the dog shampoo arena. She was concerned, however, that
the employees specializing in canine products might leave at some point, taking
company secrets with themfor use in competition with ABC. She, therefore,
required that the employees sign contracts containing covenants not to compete.
Susan also consulted her in-house counsel,Sam, regarding the effect of some new
regulations involving the use of certain chemicals in shampoo and conditioner.
Sam told her, however, to ignore the regulations until sometype of
investigation of the company was started. Sam says that more than likely no one
will ever check to see whether or not ABC is in compliance. Susan disagrees
with hisadvice and decides to seek other counsel. The covenants not to compete
involved which of the following types of law?
Public
Private
Circumscribed
Tangent
5
points
Question 7
Which
of the following was enacted after widespread abuses in the subprime mortgage
market?
The
Walsh-Healy Mortgage Reformation and Consumer Protection Act of 2009
The
Mortgage Lending and Financial Reform Act of 2009
The
Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
The
Financial Institution Regulatory Pronouncement and Consumer Revision Act of
2010
5
points
Question 8
Which
of the following is NOT a way in which U.S. law protects workers?
Through
regulating certain terms and conditions of employment
Through
requiring the employer to provide certain benefits
Through
protecting civil rights in the workplace
Through
requiring the provision of educational opportunities to workers
5
points
Question 9
Which
of the following is not a component of legal astuteness as referenced in the
text?
A
set of value-laden attitudes about the importance of law to the firm’s success
A
practice of leaving the resolution of legal issues to outside counsel
The
ability to exercise informed judgment when managing the legal aspects of
business
Context-specific
knowledge of he law and the appropriate use of legal tools
5
points
Question 10
Which
of the following was the result in Sorrell v. IMS Health Inc., the case in the
text in which drug manufacturers challenged as unconstitutional a Vermont
statute prohibiting pharmacies form selling prescriber-identifying information
for marketing prescription drugs without the consent of prescribers?
That
although speech promoting marketing was not protected by the First Amendment,
the law was unconstitutional based on the due process clause.
That
the statute regulated commercial speech which was evaluated under an
“intermediate” standard and that the law was, therefore,
constitutional.
That
the statute did not involve constitutional issues and was, therefore, a
permissible type of regulation.
That
the conduct prohibited by the law was protected by the First Amendment and that
the law was unconstitutional.
5
points
Question 11
Which
of the following is a type of law referencing formal rules embodied in
constitutions and statutes enacted by legislatures?
Public
Private
Substantive
Remedial
5
points
Question 12
Which
of the following is a term addressing the ability of a manager to communicate
effectively with counsel and to work together to solve complex problems?
Legal
astuteness
Conciliatory
interaction
Mediation
Arbitration
5
points
Question 13
Susan,
the CEO of ABC Company, which was involved in the production and sale of hair
care products, decided to hire new employees to develop new product lines for a
planned expansion into the dog shampoo arena. She was concerned, however, that
the employees specializing in canine products might leave at some point, taking
company secrets with themfor use in competition with ABC. She, therefore,
required that the employees sign contracts containing covenants not to compete.
Susan also consulted her in-house counsel,Sam, regarding the effect of some new
regulations involving the use of certain chemicals in shampoo and conditioner.
Sam told her, however, to ignore the regulations until sometype of
investigation of the company was started. Sam says that more than likely no one
will ever check to see whether or not ABC is in compliance. Susan disagrees
with hisadvice and decides to seek other counsel. The use of covenants not to
compete involves which of the following forces identified by Michael Porter and
referenced in the text?
Supplier
power
Threat
of entry
Substitution
Buyer
power
5
points
Question 14
Congress
rescinded the jurisdiction of which of the following agencies over advertising
to children?
The
American Consumer Agency
The
Federal Communications Commission
The
Federal Trade Commission
The
Federal-State Advertising Coalition
5
points
Question 15
Which
of the following is not one of the four primary public policy objectives
furthered by laws and regulations applicable to U.S. business?
Promoting
economic growth
Protecting
workers
Promoting
consumer welfare
Promoting
governmental regulation
Promoting
public welfare
5
points
Question 16
Through
which of the following can managers help shape the legal environment in which
they do business?
By
lobbying legislators
By
forming coalitions
By
refusing to follow laws viewed as unneeded by company officials
By
lobbying legislators and by forming coalitions, but not by refusing to follow
laws viewed as unneeded by company officials
5
points
Question 17
Managers
can make their own ______ law by entering into contracts and crafting certain
governance structures.
Public
Primary
Cohesive
Private
5
points
Question 18
Which
of the following is an advocacy group that has lobbied against marketing to
children?
The
Alliance to Ban Advertising Targeting Children
The
Protect the Children Foundation
The
Center for Science in the Public Interest
The
Group for Ethical Marketing Practices
5
points
Question 19
Which
of the following is a type of law referencing formal rules embodied in judicial
decisions rendered by courts?
Public
Private
Substantive
Remedial
5
points
Question 20
Susan,
the CEO of ABC Company, which was involved in the production and sale of hair
care products, decided to hire new employees to develop new product lines for a
planned expansion into the dog shampoo arena. She was concerned, however, that
the employees specializing in canine products might leave at some point, taking
company secrets with themfor use in competition with ABC. She, therefore,
required that the employees sign contracts containing covenants not to compete.
Susan also consulted her in-house counsel,Sam, regarding the effect of some new
regulations involving the use of certain chemicals in shampoo and conditioner.
Sam told her, however, to ignore the regulations until sometype of
investigation of the company was started. Sam says that more than likely no one
will ever check to see whether or not ABC is in compliance. Susan disagrees
with hisadvice and decides to seek other counsel. The government regulations
pertaining to the use of certain chemicals involved which of the following
types of law?
Public
Private
Circumscribed
Tangent

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