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7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 1/25 Business Law Ask a Business Law Question, Get an Answer ASAP! Ask A Question Browse Answers Browse Answers Meet The Experts How JustAnswer Works Submitted: 305 days and 5 hours ago. Category: Business Law Value: $30 Status: CLOSED Expert: kattorney replied 305 days and 5 hours ago. Kathie Russell : If you would like to send the questions I'll let you know if I can answer them Customer: I will. Give me just a few momments Kathie Russell : ok Customer: 1) Which of the following is a distinguishing feature of a common law legal system? A. Requiring guilt be proven beyond a reasonable doubt B. The sole source of law is a comprehensive civil code C. An appeal process D. The making of law by the judges and the following of precedent 2) Which best describes the types of agency authority held by officers of a corporation? A. Vicarious authority B. Express and obvious authority C. Implied and apparent authority only I have a 30 question business law exam and none of the questions Customer Question I have a 30 question business law exam and none of the questions were covered in the course. I have approx. 2.5 hrs left, is there anyone available? Already Tried: everything Accepted Answer All Business Law Articles Top Business Law Experts JustAnswer in the News How It Works Ask an Expert Get a Professional Answer Ask Followup Questions 100% Satisfaction Guarantee Learn More> Recent Articles in Business Law Board of Directors Related Questions Bar Business Questions Privacy Policy Laws Legal Disclaimer Related Questions Stock Trading Laws Legal Jurisdiction Related Questions Limited Liability Partnership Professional Limited Liability Company Piercing the Corporate Veil Questions about Export Laws and Rules PaulMJD Attorney Accepted Answers: 3838 Positive Feedback: 99.3% SeekingtoRenderAid Attorney Accepted Answers: 1922 Positive Feedback: 99.5% Law Pro Attorney Accepted Answers: 1258 Positive Feedback: 97.9% Learn More> Login | Contact Us Type Your Business Law Question Here... Ask A Business Lawyer

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7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

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Business LawAsk a Business Law Question, Get an Answer ASAP!

Ask A Question Browse AnswersBrowse Answers Meet The Experts How JustAnswer Works

Submitted: 305 days and 5 hours ago.

Category: Business Law

Value: $30

Status: CLOSED

Expert: kattorney replied 305 days and 5 hours ago.

Kathie Russell :If you would like to send the questions I'll let you know if I can answer them

Customer:I will. Give me just a few momments

Kathie Russell :ok

Customer:1) Which of the following is a distinguishing feature of a common law legal system?

A. Requiring guilt be proven beyond a reasonable doubt

B. The sole source of law is a comprehensive civil code

C. An appeal process

D. The making of law by the judges and the following of precedent

2) Which best describes the types of agency authority held by officers of acorporation?

A. Vicarious authority

B. Express and obvious authority

C. Implied and apparent authority only

I have a 30 question business law exam and noneof the questions

Customer Question

I have a 30 question business law exam and none of the questions were covered in the course. I haveapprox. 2.5 hrs left, is there anyone available?

Already Tried: everything

Accepted Answer

All Business Law Articles

Top Business Law Experts

JustAnswer in the News

How It Works

Ask an Expert

Get a Professional Answer

Ask Followup Questions

100% Satisfaction Guarantee

Learn More>

Recent Articles in Business Law

Board of Directors Related Questions

Bar Business Questions

Privacy Policy Laws

Legal Disclaimer Related Questions

Stock Trading Laws

Legal Jurisdiction Related Questions

Limited Liability Partnership

Professional Limited Liability Company

Piercing the Corporate Veil

Questions about Export Laws and Rules

PaulMJDAttorneyAccepted Answers: 3838Positive Feedback: 99.3%

SeekingtoRenderAidAttorneyAccepted Answers: 1922Positive Feedback: 99.5%

Law ProAttorneyAccepted Answers: 1258Positive Feedback: 97.9%

Learn More>

Login | Contact Us

Type Your Business Law Question Here...

Ask A Business Lawyer

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 2/25

D. Express, implied, and apparent authority

3) If an LLC fails to follow formalities such as keeping minutes of meetings, which ofthe following is true?

A. Only the managers of a managermanaged LLC will lose limited liability.

B. All members will lose their limited liability.

C. This failure will not result in imposing personal liability on any member.

D. Only the parties responsible for the failure will lose limited liability.

4) Martha started a flower shop as a sole proprietor. After 1 year, she was forced toclose the shop because business was so bad. At that time, the business assets totaled$50,000, but the business liabilities totaled $125,000. Which of the followingstatements is true?

A. Martha is personally liable for the additional $75,000.

B. Martha’s business creditors can collect only the $50,000 of business assets.

C. Martha’s business creditors can collect only the $50,000 now, but if Martha evergoes into business again, they can get the assets of the new business.

D. Once Martha terminates the sole proprietorship, the business creditors cannoteven get the $50,000.

5) Partners of a general partnership

A. are protected from litigation against the partnership by statute

B. are liable for the obligations of the partnership only to the extent of their capitalcontributions

C. do not have to pay taxes on the profits of the partnership that are distributed tothem

D. are liable for all the obligations of their partnership

6) Which of the following forms of alternative dispute resolution allows both parties tosee the strengths and weaknesses of both sides of the case through the presentationof evidence?

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 3/25

A. Negotiated settlement

B. Minitrial

C. Mediation

D. Conciliation

7) A ___________ is a courtappointed party who conducts a private trial andrenders a judgment.

A. factfinder

B. arbitrator

C. judicial referee

D. negotiator

8) What is a form of alternative dispute resolution that is often used when the partiesinvolved do not want to face one another?

A. Arbitration

B. Factfinding

C. Minitrial

D. Conciliation

9) Which of the following is true regarding mediation?

A. A mediator often meets with both parties at the same time.

B. A settlement agreement is never reached with a mediator.

C. A mediator does not make a decision or award.

D. If a settlement agreement is not reached in mediation, then the parties hire a newmediator.

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 4/25

10) There are no accountants on the board of the Oriole Corporation, a privately heldcorporation. The board routinely relies on a Certified Public Accountant (CPA) toexplain the financial situation of the corporation. The board does not do anindependent analysis of the CPA’s report. In these circumstances, the board is

A. violating a duty of loyalty

B. violating a duty to exercise due care

C. violating the business judgment rule

D. not violating any duty

11) Selfdealing by a director of a corporation can best be described as

A. A breach of a director's duty of notification

B. A breach of a director’s duty of care

C. A breach of the Business Judgment Rule

D. There was no breach of duty

12) Which of the following is likely to be a breach of a corporate officer’s or director’sduty of care?

A. Failing to anticipate a precipitous drop in consumer demand of the company’sproduct

B. Failing to make a reasonable investigation of relevant facts

C. Failing to predict the unexpected startup of a new competitor

D. Failing to foresee a sudden rise in the interest rate

13) In what ways may officers and directors be protected by the corporation fromliability for actions taken as an officer or director?

A. The officer or director must purchase personal liability insurance to cover suchlosses.

B. Have the corporation purchase liability insurance and indemnify the officers anddirectors.

C. Officers and directors cannot be protected from liability.

D. Officers and directors are automatically protected from liability by virtue ofcorporate.

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 5/25

14) If a plaintiff voluntarily participates in a risky activity that results in injury, whatis the most likely defense to a claim that the plaintiff assumed the risk?

A. Contributory negligence

B. Defendant was negligent per se

C. Defendant assumed the risk under the “danger invites rescue” doctrine

D. Comparative negligence

15) Mark is the treasurer of SkyHi Tech Corporation and, as such, he is responsiblefor protecting the assets of the corporation. One of Mark’s subordinates, Jill, is incharge of reconciling the monthly corporate bank statements. Over a period of severalmonths, Jill embezzled a large amount of money from SkyHi Tech, covering up thetheft using her bank reconciliations. If Mark had adequately supervised Jill, she couldnot have embezzled this money. Mark’s actions (or inactions) constitute a breach ofhis duty of

A. due care

B. obedience

C. loyalty

D. good business judgment

16) Barry buys a new sports car. The car sits low to the ground and because of thestyling, visibility to the rear is limited. About a month after Barry buys the car, hebacks over his pet poodle as he is leaving for work. In his strict liability suit againstthe car manufacturer, Barry will

A. win because driving a sports car is an inherently dangerous activity

B. win on the basis of design defect

C. win on the basis of packaging defect because the car could have been packaged ina differently styled body

D. lose because he assumed the risk of backing up in a car when he could not see tothe rear

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 6/25

17) If a judge rules that a party lost its case because of the Statute of Frauds, thejudge has essentially stated which of the following?

A. The losing party purposely deceived the other party about a material fact.

B. The losing party will not be allowed to introduce evidence to contradict a writtenagreement.

C. The losing party cannot enforce an oral contract that should have been in writing.

D. The losing party was found by the court to have lied, and therefore will lose thecase.

18) What does the parol evidence rule do?

A. It limits the ability of parties to written contracts from introducing certain evidencerelated to the contract.

B. It sets the rules for admissibility of evidence relating to releasing a criminal from aprison term.

C. It sets the general rules for the admissibility of evidence in criminal actions.

D. It determines which contracts are required to be in writing.

19) ABC LLC and XYZ Corp. entered into a contract whereby ABC is to supply XYZwith widgets. After receiving the first shipment of widgets, XYZ finds that the widgets,while meeting the physical standards specified in the contract, do not perform as XYZanticipated. The contract is silent as to performance specifications, but XYZ suspectsthat ABC knew that it was manufacturing and supplying widgets that would notperform according to industry standard. XYZ initiates a lawsuit against ABC, allegingthat ABC knowingly supplied defective widgets. What process will XYZ use to help itdevelop its case against ABC?

A. Pleadings

B. Motion for summary judgment

C. Discovery

D. Trial

20) Under the Employee Retirement Income Security Act (ERISA), an employee’sbenefits must vest

A. within 10 years

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 7/25

B. by the time of the employee’s retirement

C. in total within 5 years or gradually within 7 years

D. only as provided in the pension plan

21) Which of the following statutes provides that it is legal for employees to organizea union?

A. The NorrisLaGuardia Act

B. The National Labor Relations Act

C. The LaborManagement Relations Act

D. The Worker Adjustment and Retraining Notification Act

22) William was a factory worker at the Spruce Industries plant. When managementfound out that William is gay, he was fired. The plant’s action is

A. not prohibited under federal law

B. a violation of Title VII

C. a violation of the Equal Pay Act

D. a violation of the Americans with Disabilities Act

23) Janet is manager of a bank. She has all the qualifications to be promoted to bankmanager. In fact, she is better qualified than any of the men being considered for theposition. However, the owner of the bank believes that bank customers will notaccept a woman as bank manager, so the owner promotes one of the males. Theowner’s actions would best be described as what?

A. Quid pro quo

B. Hostile work environment

C. Gender discrimination

D. Pregnancy discrimination

24) Which one of the following statutes allows a prevailing party to recover attorney’sfees in an action against the government for an action of an agency?

A. The Freedom of Information Act

B. The Government Compensation Act

C. The Administrative Procedure Act

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 8/25

D. The Equal Access to Justice Act

25) Which of the following would prevent someone from acquiring land by adversepossession?

A. The person never had to fight the original owner to remain on the land.

B. The person lived on the land secretly so that the original owner would not find outhe or she was there.

C. The person lived on the land without the original owner’s permission.

D. The person was the only person who lived on the land in question.

26) Which of the following would be classified as tangible personal property, asopposed to other property categories, such as fixtures or intangible property?

A. A freestanding desk

B. Builtin cabinets in an office

C. A copyright to a literary work

D. A field of corn

27) As the CEO of a high tech company, you become aware that your chiefcompetitor is working on a new computer program that will revolutionize yourindustry. You know that if you can find out several key functions about the newproduct, your own programmers will be able to duplicate the function of the programwithout actually copying its code. Which of the following actions can you ethicallytake?

A. Paying the garbage company to deliver the competitor’s garbage to you

B. Hiring a former employee of the competitor and paying her a bonus to tell you thecompetitor’s secrets

C. Hiring a researcher to review all available information about the competitor,including patents, types and names of employees hired, reports by the competitor,including all SEC filings

D. Hacking into the competitor's computer systems to find out what you need

28) From a practical perspective, what are some of the elements of SarbanesOxley?

A. Ensuring transparency, accountability and internal controls

B. Ensuring companies are profitable

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 9/25

C. Ensuring that CEOs do not make more than 10 times the lowest paid employee

D. Ensuring that large shareholders do not have board representation

29) Under Title IX of the SarbanesOxley Act, the penalty for someone who certifies“any statements as set forth in subsections (a) and (b) of this section knowing thatthe periodic report accompanying the statement does not comport . . .” is

A. no more than $1,000,000.00 or imprisoned no more than 10 years, or both

B. no more than $500,000.00 or imprisoned no more than 6 months, or both

C. no more than $2,000,000.00 or imprisoned no more than 3 years, or both

D. no more than $5,000,000.00 or imprisoned no more than 20 years, or both

30) Which is prohibited under the SarbanesOxley Act?

A. High salaries for corporate executives

B. Using an independent accounting firm for audit purposes

C. Public companies making personal loans to their directors and executives

D. Directors and executives attending board meetings on a regular basis

Kathie Russell :I'll be happy to answer the first 10 for the value give for the question. If you wouldlike to cut and paste the remaining 20 into two new questions and address them "tokattorney only," when a positive rating is received for the first set of 10 I will answerthe other two sets of 10.

Kathie Russell :1 D

Customer:OK..but, I don't see where "to kattorney only" is located

Kathie Russell :You can just type it into the body of the question.

Kathie Russell :It will get to me.

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 10/25

Expert Type Attorney

Category: Business Law

Pos. Feedback: 99.5 %

Accepts: 442

Answered: 9/10/2012

Experience: 16 years experience with aconcentration in business, corporate andcontracts law

Ask this Expert a Question >

Customer:ok

Kathie Russell :2 D

Kathie Russell :3 B

Kathie Russell :4 A

Kathie Russell :5 D

Kathie Russell :6 B

Kathie Russell :7 B

Kathie Russell :8 D

Kathie Russell :9 C

Kathie Russell :10 D

Customer replied 305 days and 5 hours ago.

***to kattorney only***

11) Selfdealing by a director of a corporation can best be described as

A. A breach of a director's duty of notification

B. A breach of a director’s duty of care

C. A breach of the Business Judgment Rule

D. There was no breach of duty

12) Which of the following is likely to be a breach of a corporate officer’s or director’s duty of care?

A. Failing to anticipate a precipitous drop in consumer demand of the company’s product

B. Failing to make a reasonable investigation of relevant facts

C. Failing to predict the unexpected startup of a new competitor

D. Failing to foresee a sudden rise in the interest rate

13) In what ways may officers and directors be protected by the corporation from liability for actions taken

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 11/25

as an officer or director?

A. The officer or director must purchase personal liability insurance to cover such losses.

B. Have the corporation purchase liability insurance and indemnify the officers and directors.

C. Officers and directors cannot be protected from liability.

D. Officers and directors are automatically protected from liability by virtue of corporate.

14) If a plaintiff voluntarily participates in a risky activity that results in injury, what is the most likelydefense to a claim that the plaintiff assumed the risk?

A. Contributory negligence

B. Defendant was negligent per se

C. Defendant assumed the risk under the “danger invites rescue” doctrine

D. Comparative negligence

15) Mark is the treasurer of SkyHi Tech Corporation and, as such, he is responsible for protecting the assetsof the corporation. One of Mark’s subordinates, Jill, is in charge of reconciling the monthly corporate bankstatements. Over a period of several months, Jill embezzled a large amount of money from SkyHi Tech,covering up the theft using her bank reconciliations. If Mark had adequately supervised Jill, she could nothave embezzled this money. Mark’s actions (or inactions) constitute a breach of his duty of

A. due care

B. obedience

C. loyalty

D. good business judgment

16) Barry buys a new sports car. The car sits low to the ground and because of the styling, visibility to therear is limited. About a month after Barry buys the car, he backs over his pet poodle as he is leaving forwork. In his strict liability suit against the car manufacturer, Barry will

A. win because driving a sports car is an inherently dangerous activity

B. win on the basis of design defect

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 12/25

C. win on the basis of packaging defect because the car could have been packaged in a differently styled body

D. lose because he assumed the risk of backing up in a car when he could not see to the rear

17) If a judge rules that a party lost its case because of the Statute of Frauds, the judge has essentiallystated which of the following?

A. The losing party purposely deceived the other party about a material fact.

B. The losing party will not be allowed to introduce evidence to contradict a written agreement.

C. The losing party cannot enforce an oral contract that should have been in writing.

D. The losing party was found by the court to have lied, and therefore will lose the case.

18) What does the parol evidence rule do?

A. It limits the ability of parties to written contracts from introducing certain evidence related to thecontract.

B. It sets the rules for admissibility of evidence relating to releasing a criminal from a prison term.

C. It sets the general rules for the admissibility of evidence in criminal actions.

D. It determines which contracts are required to be in writing.

19) ABC LLC and XYZ Corp. entered into a contract whereby ABC is to supply XYZ with widgets. Afterreceiving the first shipment of widgets, XYZ finds that the widgets, while meeting the physical standardsspecified in the contract, do not perform as XYZ anticipated. The contract is silent as to performancespecifications, but XYZ suspects that ABC knew that it was manufacturing and supplying widgets that wouldnot perform according to industry standard. XYZ initiates a lawsuit against ABC, alleging that ABC knowinglysupplied defective widgets. What process will XYZ use to help it develop its case against ABC?

A. Pleadings

B. Motion for summary judgment

C. Discovery

D. Trial

20) Under the Employee Retirement Income Security Act (ERISA), an employee’s benefits must vest

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 13/25

Expert: kattorney replied 305 days and 4 hours ago.

11) Selfdealing by a director of a corporation can best be described as

B. A breach of a director's duty of care

12) Which of the following is likely to be a breach of a corporate officer's or director'sduty of care?

B. Failing to make a reasonable investigation of relevant facts

13) In what ways may officers and directors be protected by the corporation fromliability for actions taken as an officer or director?

D. Officers and directors are automatically protected from liability by virtue ofcorporate.

14) If a plaintiff voluntarily participates in a risky activity that results in injury, whatis the most likely defense to a claim that the plaintiff assumed the risk?

B. Defendant was negligent per se

(this could be different in different states, what state are you in so I can make surethis is right)

5) Mark is the treasurer of SkyHi Tech Corporation and, as such, he is responsible forprotecting the assets of the corporation. One of Mark's subordinates, Jill, is in chargeof reconciling the monthly corporate bank statements. Over a period of severalmonths, Jill embezzled a large amount of money from SkyHi Tech, covering up thetheft using her bank reconciliations. If Mark had adequately supervised Jill, she couldnot have embezzled this money. Mark's actions (or inactions) constitute a breach ofhis duty of

A. due care

16) Barry buys a new sports car. The car sits low to the ground and because of the

A. within 10 years

B. by the time of the employee’s retirement

C. in total within 5 years or gradually within 7 years

D. only as provided in the pension plan

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 14/25

styling, visibility to the rear is limited. About a month after Barry buys the car, hebacks over his pet poodle as he is leaving for work. In his strict liability suit againstthe car manufacturer, Barry will

D. lose because he assumed the risk of backing up in a car when he could not see tothe rear

17) If a judge rules that a party lost its case because of the Statute of Frauds, thejudge has essentially stated which of the following?

C. The losing party cannot enforce an oral contract that should have been in writing.

18) What does the parol evidence rule do?

A. It limits the ability of parties to written contracts from introducing certain evidencerelated to the contract.

19) ABC LLC and XYZ Corp. entered into a contract whereby ABC is to supply XYZwith widgets. After receiving the first shipment of widgets, XYZ finds that the widgets,while meeting the physical standards specified in the contract, do not perform as XYZanticipated. The contract is silent as to performance specifications, but XYZ suspectsthat ABC knew that it was manufacturing and supplying widgets that would notperform according to industry standard. XYZ initiates a lawsuit against ABC, allegingthat ABC knowingly supplied defective widgets. What process will XYZ use to help itdevelop its case against ABC?

C. Discovery

20) Under the Employee Retirement Income Security Act (ERISA), an employee'sbenefits must vest

D. only as provided in the pension plan

Customer replied 305 days and 4 hours ago.

***to kattorney only***

For # XX, I'm in AZ

21) Which of the following statutes provides that it is legal for employees to organize a union?

A. The NorrisLaGuardia Act

B. The National Labor Relations Act

C. The LaborManagement Relations Act

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 15/25

D. The Worker Adjustment and Retraining Notification Act

22) William was a factory worker at the Spruce Industries plant. When management found out that Williamis gay, he was fired. The plant’s action is

A. not prohibited under federal law

B. a violation of Title VII

C. a violation of the Equal Pay Act

D. a violation of the Americans with Disabilities Act

23) Janet is manager of a bank. She has all the qualifications to be promoted to bank manager. In fact, sheis better qualified than any of the men being considered for the position. However, the owner of the bankbelieves that bank customers will not accept a woman as bank manager, so the owner promotes one of themales. The owner’s actions would best be described as what?

A. Quid pro quo

B. Hostile work environment

C. Gender discrimination

D. Pregnancy discrimination

24) Which one of the following statutes allows a prevailing party to recover attorney’s fees in an actionagainst the government for an action of an agency?

A. The Freedom of Information Act

B. The Government Compensation Act

C. The Administrative Procedure Act

D. The Equal Access to Justice Act

25) Which of the following would prevent someone from acquiring land by adverse possession?

A. The person never had to fight the original owner to remain on the land.

B. The person lived on the land secretly so that the original owner would not find out he or she was there.

C. The person lived on the land without the original owner’s permission.

D. The person was the only person who lived on the land in question.

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 16/25

26) Which of the following would be classified as tangible personal property, as opposed to other propertycategories, such as fixtures or intangible property?

A. A freestanding desk

B. Builtin cabinets in an office

C. A copyright to a literary work

D. A field of corn

27) As the CEO of a high tech company, you become aware that your chief competitor is working on a newcomputer program that will revolutionize your industry. You know that if you can find out several keyfunctions about the new product, your own programmers will be able to duplicate the function of theprogram without actually copying its code. Which of the following actions can you ethically take?

A. Paying the garbage company to deliver the competitor’s garbage to you

B. Hiring a former employee of the competitor and paying her a bonus to tell you the competitor’s secrets

C. Hiring a researcher to review all available information about the competitor, including patents, types andnames of employees hired, reports by the competitor, including all SEC filings

D. Hacking into the competitor's computer systems to find out what you need

28) From a practical perspective, what are some of the elements of SarbanesOxley?

A. Ensuring transparency, accountability and internal controls

B. Ensuring companies are profitable

C. Ensuring that CEOs do not make more than 10 times the lowest paid employee

D. Ensuring that large shareholders do not have board representation

29) Under Title IX of the SarbanesOxley Act, the penalty for someone who certifies “any statements as setforth in subsections (a) and (b) of this section knowing that the periodic report accompanying the statementdoes not comport . . .” is

A. no more than $1,000,000.00 or imprisoned no more than 10 years, or both

B. no more than $500,000.00 or imprisoned no more than 6 months, or both

C. no more than $2,000,000.00 or imprisoned no more than 3 years, or both

D. no more than $5,000,000.00 or imprisoned no more than 20 years, or both

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 17/25

Expert: kattorney replied 305 days and 4 hours ago.

I'll get these done and then come back to #14. In the meantime, please send mesomething to let me know that you got all the answers and everything is satisfactory,and accept the response above.

Expert: kattorney replied 305 days and 4 hours ago.sorry, try now.

Expert: kattorney replied 305 days and 4 hours ago.OK. I'm answering the last ones. Just send me a reply saying you mean to accept, I'llget that figured out later. Sorry for the problems.

Expert: kattorney replied 305 days and 4 hours ago.

21) Which of the following statutes provides that it is legal for employees to organizea union?

B. The National Labor Relations Act

30) Which is prohibited under the SarbanesOxley Act?

A. High salaries for corporate executives

B. Using an independent accounting firm for audit purposes

C. Public companies making personal loans to their directors and executives

D. Directors and executives attending board meetings on a regular basis

Customer replied 305 days and 4 hours ago.

The "ACCEPT" does not work

Customer replied 305 days and 4 hours ago.

Nothing, all it does is highlight....it doesn't accept

Customer replied 305 days and 4 hours ago.

I plan to Accept. Does the excellent rating that I gave at the beginning not count?

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

www.justanswer.com/business-law/74hqz-30-question-business-law-exam-none-questions.html 18/25

22) William was a factory worker at the Spruce Industries plant. When managementfound out that William is gay, he was fired. The plant’s action is

B. a violation of Title VII

23) Janet is manager of a bank. She has all the qualifications to be promoted to bankmanager. In fact, she is better qualified than any of the men being considered for theposition. However, the owner of the bank believes that bank customers will notaccept a woman as bank manager, so the owner promotes one of the males. Theowner’s actions would best be described as what?

C. Gender discrimination

24) Which one of the following statutes allows a prevailing party to recover attorney’sfees in an action against the government for an action of an agency?

C. The Administrative Procedure Act

25) Which of the following would prevent someone from acquiring land by adversepossession?

B. The person lived on the land secretly so that the original owner would not find outhe or she was there.

26) Which of the following would be classified as tangible personal property, asopposed to other property categories, such as fixtures or intangible property?

A. A freestanding desk

27) As the CEO of a high tech company, you become aware that your chiefcompetitor is working on a new computer program that will revolutionize yourindustry. You know that if you can find out several key functions about the newproduct, your own programmers will be able to duplicate the function of the programwithout actually copying its code. Which of the following actions can you ethicallytake?

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

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C. Hiring a researcher to review all available information about the competitor,including patents, types and names of employees hired, reports by the competitor,including all SEC filings

28) From a practical perspective, what are some of the elements of SarbanesOxley?

A. Ensuring transparency, accountability and internal controls

29) Under Title IX of the SarbanesOxley Act, the penalty for someone who certifies“any statements as set forth in subsections (a) and (b) of this section knowing thatthe periodic report accompanying the statement does not comport . . .” is

D. no more than $5,000,000.00 or imprisoned no more than 20 years, or both

30) Which is prohibited under the SarbanesOxley Act?

C. Public companies making personal loans to their directors and executives

I'm looking up 14 now. You should be able to accept each answer I give. They shouldhave been broken up into 3 separate questions, since I said I would answer 10 perthe value of the question so I will need 3 accepts. But, don't worry, just tell me thatyou intend to accept each one (try to give another rating each time, for 3 totalratings, or 3 accepts, which ever it will allow you to do) and I'll figure it out.

Expert: kattorney replied 305 days and 4 hours ago.14 is correct as is. Please accept or rate again the 3rd set of answers. Thanks andgood luck.

Expert: kattorney replied 304 days and 13 hours ago.You are welcome. Since our agreement was 10 questions per the original value of thequestion, kindly take a moment and rate the second and third set of answers. Thanks

Customer replied 305 days and 4 hours ago.

thank you.

Customer replied 304 days and 10 hours ago.

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Expert: kattorney replied 304 days and 10 hours ago.Which 8 answers were incorrect? Yes, that is why I wanted you to rate the first set,because the amount of work involved was much more than the value of thequestion.

Kathie,

I'm sorry to say that unfortunately the service was not as good as I had hoped. There were eight incorrectanswers. Furthermore, when you said "I'll be happy to answer the first 10 for the value give for thequestion. If you would like to cut and paste the remaining 20 into two new questions and address them "tokattorney only," when a positive rating is received for the first set of 10 I will answer the other two sets of10." I was under the impression this was still under the website's policy of having my questions answereduntil I was satisfied. I guess that now explains why you wanted me to rate the first 10.

I stated I "plan" on pushing "ACCEPT" however the "ACCEPT" button still has yet to be shown andunfortunately 73% from a 16 year experienced attorney is not "ACCEPTable"

Customer replied 304 days and 9 hours ago.

Topic:

Differentiate between the legal forms of business.

Question: If an LLC fails to follow formalities such as keeping minutes of meetings, which of the following istrue?

Answer Rationale: Limited Liability Companies are not required to maintain the formalities of corporation.

Topic:

Differentiate among nonjudicial methods of alternative dispute resolution.

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Question: A ___________ is a courtappointed party who conducts a private trial and renders a judgment.

Answer Rationale: Arbitrators, negotiators, and factfinders may or may not be courtappointed. Negotiatorsand fact finders do not render judgments.

Topic:

Apply the risk management process to mitigate business risk.

Question: In what ways may officers and directors be protected by the corporation from liability for actionstaken as an officer or director?

Answer Rationale: Personal insurance policies will generally not cover actions taken as an officer or director.Officers and directors are not automatically protected from liability by virtue of the corporate shield. Thecorporation can provide methods of protection for their officers and directors.

Topic:

Apply the risk management process to mitigate business risk.

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

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Question: If a plaintiff voluntarily participates in a risky activity that results in injury, what is the most likelydefense to a claim that the plaintiff assumed the risk?

Answer Rationale: Contributory negligence and comparative negligence are alternative legal doctrines todetermine how risk is allocated; they do not directly address the issue of assumption of the risk. Negligenceper se is not necessarily involved in assumption of the risk cases.

Topic:

Differentiate between types of employment relationships and the associated legal considerations.

Question: Under the Employee Retirement Income Security Act (ERISA), an employee¿s benefits must vest

Answer Rationale: As a statutory law, the requirements of ERISA are explicit and provide clear vestingbenefits to employees.

Topic:

7/12/13 I have a 30 question business law exam and none of the questions - JustAnswer

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Differentiate between types of employment relationships and the associated legal considerations.

Which of the following statutes provides that it is legal for employees to organize a union?

Answer Rationale: The National Labor Relations Act limits employers' actions against unions. The LaborManagement Relations Act concerns "unfair labor practices." The Worker Adjustment and RetrainingNotification Act concerns plant closings and mass layoffs. As a statutory law, the requirements of ERISA areexplicit and provide clear vesting benefits to employees.

Topic:

Differentiate between types of discriminatory issues and the associated legal considerations.

Question: William was a factory worker at the Spruce Industries plant. When management found out thatWilliam is gay, he was fired. The plant¿s action is

Answer Rationale: Although Sexual Orientation is considered a protected class under some local and statelaw, it is not considered a protected class under federal law.

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Expert: kattorney replied 303 days and 23 hours ago.I used to teach the MBA level Business Law class at UP and still know some of theinstructors there. Some of these are plain wrong. I will address them in more detail

Topic:

Determine methods for managing legal risk arising from regulatory compliance issues.

Question: Which one of the following statutes allows a prevailing party to recover attorney¿s fees in anaction against the government for an action of an agency?

Answer Rationale: The Freedom of Information Act requires federal agencies to disclose records in writing.The Compensation Act provides for certain benefits to federal employees who suffer certain injuries orillnesses. The Administrative Procedure Act governs how agencies may establish regulations. These statutesdo not provide for the recovery of attorney fees.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a publicforum and questions and responses are not private or confidential or protected by the attorneyclient privilege. The Expertabove is not your attorney, and the response above is not legal advice. You should not read this response to propose specificaction or address specific circumstances, but only to give you a sense of general principles of law that might affect thesituation you describe. Application of these general principles to particular circumstances must be done by a lawyer who hasspoken with you in confidence, learned all relevant information, and explored various options. Before acting on these generalprinciples, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

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