UOP The Legal Environment of Business Quiz 1 2014 Fall

| August 31, 2016

1.award:4 out of4.00 pointsMega Corporation has developed a strategic plan that calls for an emphasis on appealing to a younger demographic. If it decided that such an appeal to a younger market would necessitate a change in the corporate logo and trademark, such changes would require an understanding of: securities law. intellectual property law. contract law. antitrust law.
2.award:4 out of4.00 pointsSecondary sources of law: are looked to when there is no primary source of law that applies to the facts of a case. are considered a valid independent authority. apply to both federal and state legal issues. have no legally binding effect.
3.award:4 out of4.00 pointsThe common law is the law that all states follow to avoid confusion and to promote consistency from state to state. True False4.award:4 out of4.00 pointsRestatements of the Law are written and revised by Congress and state legislatures as needed. True False5.award:4 out of4.00 pointsLegal positivists believe that agreed-upon laws should be uniformly and strictly enforced and may be changed only by the government. True False6.award:4 out of4.00 pointsRich has been arrested for a series of 21 home burglaries that spanned over nine months. The news regarding the crime spree was on television, on radio, and in the newspapers on a regular basis. His lawyer doesn’t believe that Rich can get a fair trial locally, so he will ask for: a change in personal jurisdiction. a change in subject matter jurisdiction. a change in venue. a change using a long-arm statute.
7.award:4 out of4.00 pointsThe physical presence of an out-of-state party in a particular state is generally an automatic basis for jurisdiction over the defendant by both that state’s courts and the federal trial court within that state. True False8.award:4 out of4.00 pointsA state court may not unilaterally declare or decide that proper venue for a case should be in another state. True False
9.award:4 out of4.00 pointsState long-arm statutes are used to establish subject matter jurisdiction over out-of-state defendants. True False10.award:4 out of4.00 pointsNot all courts have the authority to hear all cases. True False11.award:4 out of4.00 pointsWhile normal arbitration produces an arbiter’s decision and the parties are bound by the award, online arbitration produces a decision but the award is not binding on the parties. True False12.award:4 out of4.00 pointsWhen the American Arbitration Association receives an application for appointment of an arbitrator, it: meets with a local trial judge to determine whether litigation or arbitration will be most efficient and advantageous based on the parties and the nature of the dispute. meets with attorneys from both sides to determine whether litigation or arbitration will be most efficient and advantageous based on the parties and the nature of the dispute. receives a list of suggested arbitrators from both parties and then selects the arbitrator, who informs the parties of the procedures and rules of arbitration. appoints a tribunal administrator, who informs the parties of the procedures and rules of arbitration.
13.award:4 out of4.00 pointsIn the typical business context, ADR is invoked either via contract or by mutual agreement. True False14.award:4 out of4.00 pointsDepositions are: oral questions, answered orally, asked of parties and witnesses. oral questions, answered orally, asked only of parties. written questions, answered in writing, asked of parties and witnesses. written questions, answered in writing, asked only of parties.
15.award:4 out of4.00 pointsOnline dispute resolution (ODR) has all of the advantages of traditional forms of ADR. True False16.award:0 out of4.00 pointsThe moderate view of assessing corporate citizenship holds that: corporate officers and boards of directors should provide the exclusive view of corporate responsibility. corporate employees below the senior executive level should provide the exclusive view of corporate responsibility. community groups where the corporation is located should provide the exclusive view of corporate responsibility. the government should provide the exclusive view of corporate responsibility.
17.award:4 out of4.00 pointsModern Corporation operates a steel mill. It has never contributed anything to the local community, and it knowingly pollutes both the air and the river that runs by its mill. The corporation’s reasoning is that the cost of installing pollution control devices would diminish its profits, and it doesn’t support the community because it provides jobs and doesn’t think it owes anything else to the citizens in its area. Donating to the community would also diminish profits. Which theory of corporate social responsibility is Modern Corporation exhibiting? the narrow view, or invisible hand theory the moderate view, or government’s hand theory the hybrid view, or citizen’s hand theory the broad view, or management’s hand theory
18.award:4 out of4.00 pointsA particular act can be deemed unethical yet still be legal. True False19.award:4 out of4.00 pointsThe triple bottom line in the perspective of corporate social responsibility emphasizes each of the following except: creation of profit. creation or destruction of environmental value. creation of social value. creation of private value.
20.award:4 out of4.00 pointsThe reputed mastermind of the Enron business model was: Kenneth Lay, founder and chief executive officer. Jeffrey Skilling, chief operating officer. Andrew Fastow, chief financial officer. Rick Clausey, chief accounting officer.
21.award:4 out of4.00 pointsZoning is generally done at the state level through statutes passed by the state legislature. True False22.award:4 out of4.00 pointsA sublease occurs when a tenant transfers the entire remaining term of a lease to a third party. True False23.award:4 out of4.00 pointsThe Takings Clause is found in the Constitution’s: First Amendment. Fifth Amendment. Eighth Amendment. Fourteenth Amendment.
24.award:4 out of4.00 pointsPenny is renting an apartment from Albert. Every time Penny flushes the toilet, the toilet overflows and she must clean and mop the floor of her bathroom. She has complained numerous times, but Albert will not fix the problem. Albert is breaching Penny’s right to: habitability. quiet enjoyment. possession. fair use.
25.award:4 out of4.00 pointsCompany A and company B own adjacent pieces of land. The companies own the full bundle of rights in their respective properties. Company A digs a mine that starts on its own property but extends, below ground, across the property line. If company A finds minerals below company B’s surface property, it may mine and use the minerals for its own use because it has not gone onto or disturbed company B’s property. True False

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