Strayer Legal 100 Quiz 1 Week 2

| August 31, 2016

Question
Course Business Law I

Test Week 2 Quiz

Instructions This quiz consist of 20 multiple choice questions. The first 10 questions cover the material in Chapter 1. The second 10 questions cover the material in Chapter 2. Be sure you are in the correct Chapter when you take the quiz.

Question 1

Which of the following is true regarding laws and practices of the European Union and its members?

Question 2

Which of the following is a Chinese law applying to corporate political activities in China?

Question 3

Which of the following is a type of law referencing formal rules embodied in judicial decisions rendered by courts?

Question 4

Which of the following is a way in which U.S. business law promotes consumer welfare?

Question 5

The ______ approach recognizes that “business decisions consist of continuous, interrelated economic and moral components” and that “the moral aspects of choice” are the “final component of strategy.”

Question 6

Which of the following is a government agency referenced in the text that is considering a ban on certain types of children’s advertising?

Question 7

Which of the following is a type of relationship building lobbying prevalent in China?

Question 8

Toby, the CEO of a company that manufactures a certain type of shampoo claimed to leave hair clean for weeks, has been notified that his company is under investigation because a number of customers who purchased the shampoo developed a serious skin allergy. State officials believe that company officials knew of a problem, but disclosed it and continued to market the product. Toby comes to you for advice. He says that there are a number of documents that implicate the company and that he believes the best course of action is to shred them all. What would you tell him?

Question 9

Which of the following is not a component of legal astuteness?

Question 10

Congress rescinded the jurisdiction of which of the following agencies over advertising to children?

Question 11

Which of the following is true regarding the penalties that may be imposed upon corporate executives who defraud investors?

Question 12

Which of the following is recognized as the primary obligation of directors of a corporation?

Question 13

In which of the following are a majority of Fortune 500 companies incorporated?

Question 14

According to St. Thomas Aquinas, the only true laws were those that followed ____________.

Question 15

As discussed in the text, which of the following is true regarding whether juror’s care about a corporation’s ethical reputation?

Question 16

According to St. Thomas Aquinas, in order to be just, a human law must be

Question 17

Which of the following is a term for the maximization of shareholder value?

Question 18

Which of the following is true regarding the amount in 2005 that the average CEO took home in pay?

Question 19

Nobel prize winner Milton Friedman asserts that a corporation is an “artificial person” and therefore has no true responsibilities to any constituent other than

Question 20

Which of the following is true regarding shareholder primacy?

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