ETH/321T   Ethical and Legal Topics in Business

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ETH/321T APPLY QUIZ WEEK 1
ETH/321T WEEK 1 PRACTICE QUIZ NEW
ETH/321T APPLY QUIZ WEEK 1
ETH/321T APPLY QUIZ WEEK 1

ETH/321T Week 1

 

Week 1 Kit includes:

  1. Practice Assignment Quiz
  2. Apply Assignment Quiz#1
  3. Apply Assignment Quiz#2
  4. Discussion Question and Answers

 

Practice Assignment (Quiz with Correct Answers)

  1. In the context of a court case process, what is the definition of affirmation?
  2. In the context of a court case process, what is the definition of deposition?
  3. In the context of a court case process, what is the definition of default?
  4. In the context of a court case process, what is the definition of sequestered?
  5. In the context of a court case process, what is the definition of beyond a reasonable doubt?
  6. In the context of a court case process, what is the definition of rejoinder?
  7. What is the fundamental philosophy of the Law and Economics school?
  8. Cleo has been the victim of continuous unfair dealings with his landlord for several years. When he finds out one of his neighbors is suing his landlord for the same reasons as those to which Cleo feels harmed, Cleo wishes to join in the case. Which of the following is likely true?
  9. During a criminal trial where Emerly was found guilty, evidence was presented against her which Emerly and her lawyer feel was unfairly prejudicial. Emerly wants to appeal the court's decision. Which of the following is most likely true?
  10. If U.S. law discriminates against a particular class of persons in order to achieve a critical, compelling state interest, it must pass the __________ test in order to be lawful.
  11. The jury in a criminal case has been deliberating for a week on the decision it will make on a trial. Half of the jurors think the defendant should be acquitted, and half think the defendant is guilty. The jury is having trouble reconciling its many differing opinions. Which of the following will most likely happen?
  12. If the goal is to remedy social injustice, which of the following is the best tool that matches that goal?
  13. A judge feels strongly that some of the jurors in a current trial have been responding with extreme bias against the defendant. After deliberation, the jury comes to a verdict which the judge does not completely agree with. Which of the following is most likely true?
  14. Which method of dispute resolution is most typically incorporated as a condition in business contracts for potential disputes?
  15. What is the fundamental philosophy of the Sociological school?
  16. Which of the following is a legitimate purpose of discovery?
  17. If the goal is to prevent undesirable behavior, which of the following is the best tool that matches that goal?
  18. What is the fundamental philosophy of the Natural school?
  19. If the goal is to facilitate planning, which of the following is the best tool that matches that goal?
  20. Which of the following is true concerning trial venues?
  21. Which of the following lists the burden of proof in level of weight from least to greatest?
  22. If the goal is to keep the peace, which of the following is the best tool that matches that goal?
  23. If the goal is to determine procedures for changing the law, which of the following is the best tool that matches that goal?
  24. Marcus lives in New York but regularly does business in Texas where his company has most of its business contacts. While traveling to Texas from New York, Marcus is sued by the hotel he stays at in Mississippi after he negligently destroys hotel property.
  25. Where would jurisdiction most likely fall under long-arm state statutes?
  26. What is the fundamental philosophy of the Command school?
  27. In the context of a court case process, what is the definition of mediation?
  28. Judicial review allows the Supreme Court to:

 

ETH/321T Week 1: Apply Quiz #1 (included)

  1. A new law is established in the town of Avery that promotes affirmative action employment for transgender and homosexual individuals. This law would be in pursuance of the tenets of the __________ school of jurisprudential thought.
  2. Annie is an observer to a legal dispute between two of the tenants in a building she manages. She has documented information relevant to the case but prefers not to get involved in the dispute. Which of the following is true?
  3. Casey is on trial under criminal allegations that she engaged in fraudulent behavior at the company she manages. She is worried when the plaintiff alleges that it has "unambiguous proof" that Casey is guilty. Which of the following is most likely true?
  4. Which legal theory is illustrated in this dialogue? DONUT DAY AT THE OFFICE
    Joyce: We had a lawsuit filed about this after the pastry rumble of 2017 and there was . . . oh yeah, I remember there were some specific rules that are detailed out in 34 (b), section 4.
    Bob: Those stupid rules were just made right after Winfred face-planted in the donuts when he slipped trying to get past Alison. They don't apply here and now. There wouldn't even be donut rules if he'd paid attention to his own big feet.
  5. Charlie is summoned for jury duty. While still in the selection process, it is discovered that one of the parties to the case used to be an old friend and neighbor of Charlie's. Which of the following would most likely happen?
  6. A law was recently passed in the city of Birmingdon that specifies a long list of restrictions on disposing of different kinds of waste material. The law is long, meticulous, and complicated, and many citizens do not understand all the points of the law or the purpose it is meant to fulfill. Citizens are commonly caught breaking the ordinance. Which law or principle of law will help defend them? Select the most relevant answer for this situation.
  7. Sage files a complaint against Isabel, alleging that Isabel is responsible for damages to Sage's property. Isabel thinks the allegations are ridiculous and doesn't bother to respond to the complaint which she has been served. Which of the following is likely true?
  8. Devon is accused of robbing a jewelry store and is summarily thrown in jail. Which law or principle of law will help Devon in this situation?
  9. The federal government passes a law which targets one specific company even though it does not operate any differently from other local companies. Which law or principle of law is not being properly upheld?
  10. Dixonville has had fundamentally the same demographics, economic system, and social structure for decades. In recent years these factors have begun to shift, causing many to call for new legislation and legal practices. Shifting the legal structure of Dixonville in order to account for the changes that are occurring would be in accordance with the __________ school of jurisprudential thought.
  11. Claudia feels strongly against a law that was recently passed in her hometown. She proceeds to write letters to the local newspaper criticizing the effect of the law. She also marches up and down the sidewalk in front of city hall loudly publicizing her opinion. Which law or principle of law which is most relevant to this situation?
  12. Clara is suing David because of a property dispute. Clara and David are from different states, so it is not readily clear which state has jurisdiction over this case. Which of the following is true?
  13. Adelyn is in a financial dispute with her creditor. She wants to declare bankruptcy because she is finding herself unable to meet the requirements of paying off her debt. Which court that would most likely address this situation?
  14. The federal government passes a law which a company, JuneCorp, feels unjustifiably discriminates against the company and harms its ability to operate. Under the strict scrutiny test, which of the following statements is true?
  15. Which jurisprudential school of thought relies the most upon precedent in establishing law?
  16. Which legal school of thought is illustrated in this dialogue? DONUT DAY AT THE OFFICE
    Lee: Right. Inflexible rules, applied the same way every time and in every situation, are just a sign of corporate insanity. This is a company that knows how to adapt and make smart decisions based on the circumstances at hand. Remember when we found out that Allied Chemical hair gel accelerated hair growth at twice the industry standard . . . just before the hair would fall out? Remember what happened to Winfred after he tested out the stuff for us? Remember how happy Allied Chemical was with us when we figured how to market their goop anyway? The rules are made to help us, the best of the best, get what we want. We are the "enlightened" of the break room, and the rules are meant to help US get what WE want.
  17. Sally and Kirk are at odds over the details of a business contract. Neither of them wants to go to court, but they both refuse to make a compromise on the terms they expect from one another. Which of the following would most easily force them to a resolution?
  18. Which legal school of thought is illustrated in this dialogue? DONUT DAY AT THE OFFICE
    Alison: (She stands during David's speech as if inspired but sits down once Bob starts talking.)
    Bob: Right. Power to the people David. Anyone else hungry? (He tries to slowly move to the donuts and Joyce continues to defend them like a point guard.)
    Lee: I have an idea that might address all of these issues. What if none of us have any of these donuts but instead we break up into teams and sell them to our coworkers for a profit? Instead of getting one or two donuts, we can stop on our way home and pick up a dozen of them each with our profits. In this case, we ignore the company stick-in-the-mud book regulations because, as you can see, we are obviously presented with some opportunities for a little economic development. Corporate rules here must bow to economic opportunity. If we let our rules block our prosperity, what kind of company will we become?
  19. The government of Sharonville is deep in debt, and consequently enacts a city ordinance that requires citizens to do volunteer work for the city once per week. Such and act would be in accordance with the __________ school of jurisprudential thought.
  20. Which legal school of thought is illustrated in this dialogue? DONUT DAY AT THE OFFICE
    Bob: Donut spheres? Glazed happiness? Anyone notice who is not eating donuts right now? Are we about to form a blue-ribbon commission here?
    David: Bob, don't you see what's happening. While we fight over which one of us gets the goodies, our coworkers, who are actually working by the way, are missing out on these delicious chemical donuts. Meanwhile our friend Alison will be left out of the mix as well as Winfred, who is again in the hospital. What about our custodial and shipping people who are relegated to the basement world? Once again, they will get no goodies, and they are the ones doing the actual work. They aren't even allowed up here in our break room because we don't want their greasy hands on our microwave. The only good reason for rules here is to protect the donut-less among us. Donut laws are not any good unless they address the inequalities that would not otherwise even be considered.
  21. After a tragic event in which an armed intruder storms into a mall and fatally shoots several people, the city of Belmonte institutes a law that prohibits any form of weapon in public retail establishments. This reaction would be an example of following which school of jurisprudential thought?
  22. Which of the following situations would not substantiate proper standing to sue?
  23. Which of the following situations would most likely receive a change of venue?
  24. Which legal school of thought is illustrated in this dialogue? DONUT DAY AT THE OFFICE
    Bob: Listen, donuts are made to bring joy into our lives and to wake up our glazed faculties. Just let them be distributed according to unchanging moral principles of justice. The donuts will distribute themselves according to natural principles.  We just take what we want and the leftovers will be appreciated by those who enjoy them most. Don't overcomplicate this. Where's the chocolate milk?
  25. An appeals court feels that a lower court has made an incorrect judgment concerning a civil law case. Which of the following would be the mostly reason to remand the case back to the lower court?
  26. Federico is in a financial dispute. He is trying to collect money for a project he completed, but the debtor does not want to pay the money owed to Federico. Which court that would most likely address this situation?
  27. Which legal school of thought is illustrated in this dialogue? DONUT DAY AT THE OFFICE
    Derek: We need someone we can trust who can divide up the donuts. One set of rules and what we've done in the past can't always be applied here. If we had an impartial judge or two in the mix, someone who doesn't like donuts perhaps, they could take into account all of the changing factors impacting our donut sphere and make up rules that will bring glazed-happiness to all who they think need it.
  28. Determine which moral standard of social responsibility the business is observing. Brad's company has a smokestack that pollutes the air in a nearby community. When people begin complaining about the pollution, the company pays to have a stack scrubber installed on the smokestack to limit the pollution but does not respond to the community's complaints.
  29. Lula thinks that people who discipline their children by spanking should be sent to jail and says she would be glad to go to jail if she was caught spanking her child. Which philosophy of ethics is applicable?
  30. Anthony votes in favor of a bill which would prevent people above a certain level of income from being able to purchase subsidized housing. Which philosophy of ethics is applies here?
  31. Country A and Country B have had an informal trading arrangement for many years wherein merchants on the border of the countries may freely trade goods without the restriction of fees. Which of the following is true?
  32. Moira is ashamed to discover that her son stole an apple from the cafeteria and gave it to another student who had no lunch. She grounds him from watching TV as punishment. Which philosophy of ethics is applies here?
  33. Determine which moral standard of social responsibility the business is observing. Meg's company decided to build an additional factory in a small community. When the community started a protest because of the negative impact the factory would potentially have, Meg's company promised to prevent and pay for any negative impact to the community. It also offers to build a community park to balance out the negative impact the factory might cause.
  34. NoraCorp wants to meet a moral minimum of ethical behavior in its operations. It is planning a merger with another company which would cause any or all of the following: NoreCorp decides to move forward with the merger. All of the above events occur, but NoraCorp offers severance packages to the employees it fires and plans to compensate landowners for damages caused by the new production facility. Which of the following is true?
  35. Determine which moral standard of social responsibility the business is observing. Earl's company wants to change the material it uses for its products to a cheaper, less-durable material. Processing the material causes more waste and the final products will not be as safe for customers, but the company will make more money overall.
  36. Nation A makes is illegal for its citizens to own more than one vehicle in order to reduce emissions. Nation A’s neighbor Nation B disagrees with the decision and refuses to enforce it in its own borders but refrains from contesting the decision in court. Which principle of International Law is at play?
  37. Determine which moral standard of social responsibility the business is observing. Genie's company is considering building an annex to its main factory. While deciding on the project, the board of directors discusses the impact the annex would have on the local community, shareholders, company profits, and nearby landowners.
  38. Silvia and her brother Clyde make a code of rules they have to follow together. The rules are as follows: Which ethical philosophies are represented in these rules?
  39. Finley wants to make as many people happy as possible. He steals from a greedy CEO in order to give money to a large number of poor people. Which philosophy of ethics is applicable?
  40. Radcliffe is a college business professor with little education but extensive experience in business. A treaty negotiating the free trade of educational opportunities was just passed between Canada and the U.S., and it includes a condition that "all university professors must have at least a master’s degree in order to teach." Which of the following is true?

ETH/321T Week 1: Apply Quiz #2 (included)

  1. Casey is on trial under criminal allegations that she engaged in fraudulent behavior at the company she manages. She is worried when the plaintiff alleges that it has "unambiguous proof" that Casey is guilty. Which of the following is most likely true?
  2. Sally and Kirk are at odds over the details of a business contract. Neither of them wants to go to court, but they both refuse to make a compromise on the terms they expect from one another. Which of the following would most easily force them to a resolution?
  3. Which legal school of thought is illustrated in this dialogue?
  4. DONUT DAY AT THE OFFICE Which of the following situations would not substantiate proper standing to sue?
  5. Which legal school of thought is illustrated in this dialogue?
  6. DONUT DAY AT THE OFFICE  Which legal school of thought is illustrated in this dialogue?
  7. The federal government passes a law which a company, JuneCorp, feels unjustifiably discriminates against the company and harms its ability to operate. Under the strict scrutiny test, which of the following statements is true?
  8. Clara is suing David because of a property dispute. Clara and David are from different states, so it is not readily clear which state has jurisdiction over this case. Which of the following is true?
  9. Which legal school of thought is illustrated in this dialogue?
  10. The federal government passes a law which targets one specific company even though it does not operate any differently from other local companies. Which law or principle of law is not being properly upheld?
  11. Dixonville has had fundamentally the same demographics, economic system, and social structure for decades. In recent years these factors have begun to shift, causing many to call for new legislation and legal practices. Shifting the legal structure of Dixonville in order to account for the changes that are occurring would be in accordance with the       school of jurisprudential thought.
  12. A television producer/director receives the following script designed to celebrate National Donut Day. As she reads it, it brings to her mind some principles of jurisprudence she learned in her college business law class. Help her out: Which legal school of thought is illustrated in this dialogue?
  13. Which legal school of thought is illustrated in this dialogue?
  14. A law which promotes the opportunity for foreign workers to obtain employment, housing, and medical care regardless of their citizenship status would likely fall under which school of jurisprudential thought?
  15. After a tragic event in which an armed intruder storms into a mall and fatally shoots several people, the city of Belmonte institutes a law that prohibits any form of weapon in public retail establishments. This reaction would be an example of following which school of jurisprudential thought?
  16. Annie is an observer to a legal dispute between two of the tenants in a building she manages. She has documented information relevant to the case but prefers not to get involved in the dispute. Which of the following is true?
  17. Which jurisprudential school of thought relies the most upon precedent in establishing law?
  18. The government of Sharonville is deep in debt, and consequently enacts a city ordinance that requires citizens to do volunteer work for the city once per week. Such and act would be in accordance with the     school of jurisprudential thought.
  19. Which legal theory is illustrated in this dialogue?
  20. Charlie is summoned for jury duty. While still in the selection process, it is discovered that one of the parties to the case used to be an old friend and neighbor of Charlie's. Which of the following would most likely happen?
  21. A law was recently passed in the city of Birmingdon that specifies a long list of restrictions on disposing of different kinds of waste material. The law is long, meticulous, and complicated, and many citizens do not understand all the points of the law or the purpose it is meant to fulfill. Citizens are commonly caught breaking the ordinance. Which law or principle of law will help defend them? Select the most relevant answer for this situation.
  22. Devon is accused of robbing a jewelry store and is summarily thrown in jail. Which law or principle of law will help Devon in this situation?
  23. Sage files a complaint against Isabel, alleging that Isabel is responsible for damages to Sage's property. Isabel thinks the allegations are ridiculous and doesn't bother to respond to the complaint which she has been served. Which of the following is likely true?
  24. An appeals court feels that a lower court has made an incorrect judgment concerning a civil law case. Which of the following would be the mostly reason to remand the case back to the lower court?
  25. Which of the following situations would most likely receive a change of venue?
  26. Federico is in a financial dispute. He is trying to collect money for a project he completed, but the debtor does not want to pay the money owed to Federico. Which court that would most likely address this situation?
  27. A new law is established in the town of Avery that promotes affirmative action employment for transgender and homosexual individuals. This law would be in pursuance of the tenets of the
  28. Anthony votes in favor of a bill which would prevent people above a certain level of income from being able to purchase subsidized housing. Which philosophy of ethics is applies here?
  29. Silvia and her brother Clyde make a code of rules they have to follow together. The rules are as follows:
  30. Which ethical philosophies are represented in these rules?
  31. Finley wants to make as many people happy as possible. He steals from a greedy CEO in order to give money to a large number of poor people. Which philosophy of ethics is applicable?
  32. Determine which moral standard of social responsibility the business is observing. Brad's company has a smokestack that pollutes the air in a nearby community. When people begin complaining about the pollution, the company pays to have a stack scrubber installed on the smokestack to limit the pollution but does not respond to the community's complaints.
  33. Country A and Country B have had an informal trading arrangement for many years wherein merchants on the border of the countries may freely trade goods without the restriction of fees. Which of the following is true?
  34. Determine which moral standard of social responsibility the business is observing.
  35. Earl's company wants to change the material it uses for its products to a cheaper, less-durable material. Processing the material causes more waste and the final products will not be as safe for customers, but the company will make more money overall.
  36. Radcliffe is a college business professor with little education but extensive experience in business. A treaty negotiating the free trade of educational opportunities was just passed between Canada and the U.S., and it includes a condition that "all university professors must have at least a master’s degree in order to teach." Which of the following is true?
  37. Nation A makes is illegal for its citizens to own more than one vehicle in order to reduce emissions. Nation A’s neighbor Nation B disagrees with the decision and refuses to enforce it in its own borders but refrains from contesting the decision in court. Which principle of International Law is at play?
  38. Determine which moral standard of social responsibility the business is observing. Vivian’s company is considering building a huge new department store in a small town. The community argues that the store will disrupt local commerce and harm local business owners. Vivian argues that the store will save money for customers and bring more jobs to the community. Assume both arguments are true.
  39. Determine which moral standard of social responsibility the business is observing. Meg's company decided to build an additional factory in a small community. When the community started a protest because of the negative impact the factory would potentially have, Meg's company promised to prevent and pay for any negative impact to the community. It also offers to build a community park to balance out the negative impact the factory might cause.
  40. Determine which moral standard of social responsibility the business is observing. Genie's company is considering building an annex to its main factory. While deciding on the project, the board of directors discusses the impact the annex would have on the local community, shareholders, company profits, and nearby landowners.
  41. Lula thinks that people who discipline their children by spanking should be sent to jail and says she would be glad to go to jail if she was caught spanking her child. Which philosophy of ethics is applicable?
  42. Nation A builds a new highway next to citizens’ properties. In the months following, littering as well as several highway accidents result in damage to the properties. The property owners want to sue the government for damages, but are restrained by:
  43. Nation A is neighbors with Nation B. When an international crime lord who operates in both countries is captured by Nation A, it sentences him to a lifetime of heavy labor. Nation B wants to have the criminal executed, but it defers to Nation A’s judgment. Which principle of International Law is at play?
  44. Moira is ashamed to discover that her son stole an apple from the cafeteria and gave it to another student who had no lunch. She grounds him from watching TV as punishment. Which philosophy of ethics is applies here?
  45. Claudia feels strongly against a law that was recently passed in her hometown. She proceeds to write letters to the local newspaper criticizing the effect of the law. She also marches up and down the sidewalk in front of city hall loudly publicizing her opinion. Which law or principle of law which is most relevant to this situation?
  46. NoraCorp wants to meet a moral minimum of ethical behavior in its operations. It is planning a merger with another company which would cause any or all of the following:

 

Discussion Question: What are the philosophical constructs of ethics?

Includes 3 Full Answers

What are the philosophical constructs of ethics?  In other words, what are some of the theories about right and wrong used by philosophers to discuss ethics?  Give examples. How do these relate to business?

 

Discussion Question: What is ADR?

Includes 3 Full Answers

What is ADR?  What is it "alternative" to?  Define the following forms of ADR:
Mediation, Arbitration. Have you ever been involved with either type of ADR?

 

 

Additional Discussion Questions (and Answers) that are included with Week 1 Tutorials:

  1. Why should a company care about Ethics?
  2. What are some positives of the Common Law?
  3. What is the deference between Venue and Jurisdiction? Give examples of each one.
  4. The 5th Amendment requires the government to act with Due Diligence. What does that mean?
  5. What is the difference between Binding Arbitration and Mediation?
  6. What are some pros of ADR vs. Litigation?

 

 

ETH/321 WEEK 2 PRACTICE QUIZ
ETH/321T APPLY QUIZ WEEK 2
eco/365T WK2 Practice: Market Equilibrium and policy Adaptive, Market Efficiency Adaptive, Market Failures Adaptive

ETH/321T Week 2

 

Week 2 Kit includes:

  1. Practice Assignment Quiz#1
  2. Practice Assignment Quiz#2
  3. Apply Assignment Quiz#1
  4. Apply Assignment Quiz#2
  5. Apply Assignment Quiz#3
  6. Discussion Questions and Answers


ETH/321T Week 2: Practice Quiz #1 (included)

  1. Wade and Hunter want to start a business. They have a large amount of capital. They have a good working relationship and believe they will do well sharing management responsibility and in sharing profits. They are happy to be organizing a business together in order to avoid full liability for the business. Which detail(s) of this situation would be most unhelpful toward Wade and Hunter’s decision to organize a general partnership?
  2. What is a closely-held corporation?
  3. Albus wants to build a business. He wants to start the business fast and reach a large customer base, but he only has a small amount of opening capital. He has no partner with whom to form the business. Which of the following is not a valid reason for Albus to choose a sole proprietorship organization for his business?
  4. Which of the following is false concerning LLC’s?
  5. Tawny wants to be involved in a business. She has lots of capital to invest and she wants to be involved in management, but does not want to be exposed to personal liability for losses the business might incur and she does not want to have to pay excessive taxes on her gains. Which form of business would be best for Tawny?
  6. Which of the following could result in the termination of a limited partnership?
  7. Jaden works for LeoHart. He meets with a team to discuss shareholders’ interest and assign managers to run certain parts of the company. What is Jaden’s position in the company?
  8. Leo and Josh have a welding business organized as a general partnership. A customer comes into the business seeking a welding contract. Leo agrees to do the work for the customer as a separate project from his business with Josh. Which of the following is true?
  9. Del organized his business in Alaska. He does business in both the U.S. and Canada. In Texas, Del’s business would be considered a(n) _____________ corporation.
  10. Which of the following is true concerning bonds?
  11. The board of directors for Glenncorp makes an investment in distribution services that ultimately result in a net loss for the company and its shareholders. Shareholders in the company may:
  12. Hector is opening a sole proprietorship. Which of the following would not be included in a list of possible steps Hector would take in setting up his business?
  13. Chloe is a non-executive supervisor at her company. She directs other employees but has no control of financial information or decision-making responsibilities. She would be responsible for contributing to which of the following areas?
  14. Which of the following is not a basic requirement of good corporate citizenship?
  15. Which of the following is restricted under the constraints of the Franchise Rule?
  16. Which of the following could result in the termination of a limited partnership?
  17. Which of the following is true concerning dividends?
  18. Which of the following is restricted under the constraints of the franchise Rule?
  19. What is the definition of a foreign corporation?
  20. What is the definition of a Subchapter S corporation?
  21. What is the definition of a Foreign Corporation
  22. What is the definition of a Subchapter S Corporation
  23. What is a public corporation?
  24. What is a closely-held corporation?
  25. Which of the following is false concerning LLCs?
  26. Tawny wants to be involved in a business. She has lots of capital to invest and she wants to be involved in management, but does not want to be exposed to personal liability for losses the business might incur and she does not want to have to pay excessive taxes on her gains. Which form of business would be best for Tawny?
  27. Kim wants to be involved in a business but is not sure what type of business to join or create. She has some capital to invest, several years of managing experience, and a good network of potential investors and partners. What role would be best for Kim?
  28. Which of the following could result in the termination of a limited partnership?
  29. Hector is opening a sole proprietorship. Which of the following would not be included in a list of possible steps Hector would take in setting up his business?
  30. What type of franchise would a car dealership typically belong to?
  31. Which of the following is true concerning bonds?
  32. Reed works for Marimart. He assembles components for consumer products. He also conducts training for new hires at Marimart. Reed additionally purchases stock in the company? What is Reed's position in the company?
  33. Papapop makes a franchise agreement with a bottling factory to sell its product to the company for bottling and subsequent sale. Over the next several years, Papapop steadily demands a higher percentage of the bottler's profit from sales. Which of the following is true?
  34. The primary purpose for a company's issuance of stocks is:
  35. Under the notion of effective corporate governance, which of the following is not an example of an internal control?

ETH/321T Week 2: Practice Quiz #2 (included)

  1. What is the definition of a foreign corporation?
  2. What is the definition of a Subchapter S corporation?
  3. What is the definition of a Foreign Corporation
  4. What is the definition of a Subchapter S Corporation
  5. What is a public corporation?
  6. What is a closely-held corporation?
  7. Wade and Hunter want to start a business. They have a large amount of capital. They have a good working relationship and believe they will do well sharing management responsibility and in sharing profits. They are happy to be organizing a business together in order to avoid full liability for the business. Which detail(s) of this situation would be most unhelpful toward Wade and Hunter's decision to organize a general partnership?
  8. Albus wants to build a business. He wants to start the business fast and reach a large customer base, but he only has a small amount of opening capital. He has no partner with whom to form the business. Which of the following is not a valid reason for Albus to choose a sole proprietorship organization for his business?
  9. Which of the following is false concerning LLCs?
  10. Tawny wants to be involved in a business. She has lots of capital to invest and she wants to be involved in management, but does not want to be exposed to personal liability for losses the business might incur and she does not want to have to pay excessive taxes on her gains. Which form of business would be best for Tawny?
  11. Kim wants to be involved in a business but is not sure what type of business to join or create. She has some capital to invest, several years of managing experience, and a good network of potential investors and partners. What role would be best for Kim?
  12. Which of the following could result in the termination of a limited partnership?
  13. ALL of the Above: Illegal purpose of the partnership, Mental illness of a partner, & Jaden works for LeoHart. He meets with a team to discuss shareholders' interests and assign managers to run certain parts of the company. What is Jaden's position in the company?
  14. Leo and Josh have a welding business organized as a general partnership. A customer comes into the business seeking a welding contract. Leo agrees to do the work for the customer as a separate project from his business with Josh. Which of the following is true?
  15. Del organized his business in Alaska. He does business in both the U.S. and Canada. In Texas, Del's business would be considered a(n) __________ corporation.
  16. Hector is opening a sole proprietorship. Which of the following would not be included in a list of possible steps Hector would take in setting up his business?
  17. What type of franchise would a car dealership typically belong to?
  18. Which of the following is true concerning bonds?
  19. The primary purpose for a company’s issuance of stocks is:
  20. The board of directors for Glenncorp makes an investment in distribution services that ultimately result in a net loss for the company and its shareholders. Shareholders in the company may:
  21. Hector is opening a sole proprietorship. Which of the following would not be included in a list of possible steps Hector would take in setting up his business?
  22. Reed works for Marimart. He assembles components for consumer products. He also conducts training for new hires at Marimart. Reed additionally purchases stock in the company? What is Reed's position in the company?
  23. Papapop makes a franchise agreement with a bottling factory to sell its product to the company for bottling and subsequent sale. Over the next several years, Papapop steadily demands a higher percentage of the bottler's profit from sales. Which of the following is true?
  24. Chloe is a non-executive supervisor at her company. She directs other employees but has no control of financial information or decision-making responsibilities. She would be responsible for contributing to which of the following areas?
  25. Which of the following is not a basic requirement of good corporate citizenship?
  26. The primary purpose for a company's issuance of stocks is:
  27. The board of directors for Glenncorp makes an investment in distribution services that ultimately result in a net loss for the company and its shareholders. Shareholders in the company may:
  28. Which of the following is true concerning dividends?
  29. Which of the following is restricted under the constraints of the Franchise Rule?
  30. Under the notion of effective corporate governance, which of the following is not an example of an internal control?

ETH/321T Week 2: Apply Quiz #1 (included)

  1. What is the correct order of events for the formation of a corporation?
  2. Koffman Corporation is trying to raise capital. What method would be the least risky to raise capital if it has a less-than-favorable credit rating?
  3. Mario and Johnny want to start a business. They have very little capital. They are new partners and largely unfamiliar with each other's management practices. They are happy, however, to be organizing a business together in order to avoid full liability for the business. Which detail of this situation is a good reason for Mario and Johnny to create a general partnership?
  4. Rita wants to be involved in business. She has a fair amount of money to invest, but she does not want to be involved in management. She wants to form a business in the quickest way possible under her circumstances. Which form of business would be best for Rita?
  5. Loptech, a technology firm, wants to issue bonds for investment purposes. Loptech has one of the best credit ratings in the industry. Market rates for debt instruments average at .5% interest. Based on its credit rating, Loptech would likely sell bonds that pay _____.
  6. Zoey is the CEO of a corporation she organized herself, and the corporation has 15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of training services for in-home medical care personnel. Her company would be a __________ corporation.
  7. What role best fits the following situation?
    Manny wants to be involved in a business but is not sure which type of business to join or create. He has capital to invest. He has a good network of potential investors and partners. He has no experience in management.
  8. Which of the following roles best fits the situation?
    Apol wants to start or join a business but is not sure which business organization would be best. She has a large amount of capital but does not yet have any partners who can invest in or effectively manage the business.
  9. Which of the following roles best fits the situation?
    Kevin wants to create a business but is not sure what role is best for him. He has capital to invest. He has several partners with which he can begin a business. He has the most management experience of all his potential partners.
  10. What is the appropriate description for a chain-style franchise?
  11. J-Chron's board of directors periodically meets with the CFO of the company. The CFO reports on the financial status of a company project. The board asks whether the project is compliant with legally-required accounting principles, but asks no other questions about the project, such as how the project supports the company's mission and strategy. Which of the following is true?
  12. Cadence works for WilderCorp. She meets with a team to make all-encompassing decisions concerning the direction of the business. She also personally supervises managers and conducts training for supervisors and plant managers. Cadence also buys stock in WilderCorp. What is Cadence's position in the company?
  13. Lily wants to build a business. She has very little capital. She does, however, have a partner with which she could run a business. Lily wants to be able to avoid being held personally liable for any problems the business has. Which of the following would lead Lily to choose a sole proprietorship organization for her business?
  14. Tucker works for a retail distribution company that was recently started. Tucker has invested a lot of his earnings into shares of the company. When quarterly earnings are posted, Tucker receives a check for 8% of the quarterly profit of the company. Tucker belongs to a __________ corporation.
  15. Hal and Miranda have a general partnership business for landscaping projects. Hal makes a contract with a customer for a project one day while Miranda is absent and leaves on vacation the next day. Miranda does not feel she has the time to perform the contract for the customer. Which of the following is true?
  16. Sandy works for RigorMart. She supervises regional managers and directs them based on orders from the board of directors. Sandy's position also entitles her to stock ownership in the company. What is Sandy's position in the company?
  17. Juan wants to be involved in business. He has plenty of capital to invest, but he does not want to be involved in management. He also does not want to worry about fluctuations in the market prices of debt and equity instruments. Which form of business would be best for Juan?
  18. Noodleoo, a struggling restaurant chain, wants to enact a franchise agreement with Stephen to sell its product through a chain-style franchise. Stephen agrees and opens the store, and 6 months later Noodleoo goes bankrupt. Which is most likely true of this situation?
  19. What is the appropriate description for a distributorship?
  20. What is the appropriate description for a plant-processing franchise?
  21. Kara wants to build a business. She has plenty of capital and potential investors and partners. She wants to avoid the burden of sole liability for her business and wants to be able to close the business when she is no longer interested in it. Which of the following would lead Kara to choose a sole proprietorship organization for her business?
  22. Lenny organized his business in Delaware. He has customers in Delaware, other states in the U.S., and in foreign countries. Lenny's business is __________ in Delaware.
  23. Abigail is a manager at her company. The company just launched an initiative to improve its corporate citizenship practices. Abigail is responsible for all but which of the following areas?
  24. Piper is a manager in a corporation that was organized in Canada by one of his former coworkers. The company provides consulting services and training for architects employed by construction companies. The company recently went public, with shares being sold to hundreds of investors. Piper's company would be a __________ corporation.
  25. Hal organized his business in Canada. Most of his customers are in Montana. In Montana, Hal's business would be considered a(n) __________ corporation.

 

ETH/321T Week 2: Apply Quiz #2 (included)

  1. Loptech, a technology firm, wants to issue bonds for investment purposes. Loptech has one of the best credit ratings in the industry. Market rates for debt instruments average at .5% interest. Based on its credit rating, Loptech would likely sell bonds that pay _____.
  2. Abigail is a manager at her company. The company just launched an initiative to improve its corporate citizenship practices. Abigail is responsible for all but which of the following areas?
  3. What is the appropriate description for a chain-style franchise?
  4. Lenny organized his business in Delaware. He has customers in Delaware, other states in the U.S., and in foreign countries. Lenny’s business is __________ in Delaware.
  5. Noodleoo, a struggling restaurant chain, wants to enact a franchise agreement with Stephen to sell its product through a chain-style franchise. Stephen agrees and opens the store, and 6 months later Noodleoo goes bankrupt. Which is most likely true of this situation?
  6. What is the appropriate description for a distributorship?
  7. Juan wants to be involved in business. He has plenty of capital to invest, but he does not want to be involved in management. He also does not want to worry about fluctuations in the market prices of debt and equity instruments. Which form of business would be best for Juan?
  8. Rita wants to be involved in business. She has a fair amount of money to invest, but she does not want to be involved in management. She wants to form a business in the quickest way possible under her circumstances. Which form of business would be best for Rita?
  9. J-Chron's board of directors periodically meets with the CFO of the company. The CFO reports on the financial status of a company project. The board asks whether the project is compliant with legally-required accounting principles, but asks no other questions about the project, such as how the project supports the company’s mission and strategy. Which of the following is true?
  10. Which of the following roles best fits the situation?
  11. Kevin wants to create a business but is not sure what role is best for him. He has capital to invest. He has several partners with which he can begin a business. He has the most management experience of all his potential partners.
  12. Which of the following roles best fits the situation?
  13. Apol wants to start or join a business but is not sure which business organization would be best. She has a large amount of capital but does not yet have any partners who can invest in or effectively manage the business.
  14. What role best fits the following situation?
  15. Manny wants to be involved in a business but is not sure which type of business to join or create. He has capital to invest. He has a good network of potential investors and partners. He has no experience in management.
  16. Lily wants to build a business. She has very little capital. She does, however, have a partner with which she could run a business. Lily wants to be able to avoid being held personally liable for any problems the business has. Which of the following would lead Lily to choose a sole proprietorship organization for her business?
  17. Hal organized his business in Canada. Most of his customers are in Montana. In Montana, Hal’s business would be considered a(n) __________ corporation.
  18. Zoey is the CEO of a corporation she organized herself, and the corporation has 15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of training services for in-home medical care personnel. Her company would be a __________ corporation.
  19. Mario and Johnny want to start a business. They have very little capital. They are new partners and largely unfamiliar with each other’s management practices. They are happy, however, to be organizing a business together in order to avoid full liability for the business. Which detail of this situation is a good reason for Mario and Johnny to create a general partnership?
  20. Cadence works for WilderCorp. She meets with a team to make all-encompassing decisions concerning the direction of the business. She also personally supervises managers and conducts training for supervisors and plant managers. Cadence also buys stock in WilderCorp. What is Cadence’s position in the company?
  21. Koffman Corporation is trying to raise capital. What method would be the least risky to raise capital if it has a less-than-favorable credit rating?
  22. Piper is a manager in a corporation that was organized in Canada by one of his former coworkers. The company provides consulting services and training for architects employed by construction companies. The company recently went public, with shares being sold to hundreds of investors. Piper’s company would be a __________ corporation.
  23. Tucker works for a retail distribution company that was recently started. Tucker has invested a lot of his earnings into shares of the company. When quarterly earnings are posted, Tucker receives a check for 8% of the quarterly profit of the company. Tucker belongs to a __________ corporation.

 

ETH/321T Week 2: Apply Quiz #3 (included)

  1. What is the appropriate description for a plant-processing franchise?
  2. What is the appropriate description for a distributorship?
  3. Cadence works for WilderCorp. She meets with a team to make all-encompassing decisions concerning the direction of the business. She also personally supervises managers and conducts training for supervisors and plant managers. Cadence also buys stock in WilderCorp. What is Cadence’s position in the company?
  4. Tucker works for a retail distribution company that was recently started. Tucker has invested a lot of his earnings into shares of the company. When quarterly earnings are posted, Tucker receives a check for 8% of the quarterly profit of the company. Tucker belongs to a __________ corporation.
  5. Lily wants to build a business. She has very little capital. She does, however, have a partner with which she could run a business. Lily wants to be able to avoid being held personally liable for any problems the business has. Which of the following would lead Lily to choose a sole proprietorship organization for her business?
  6. Loptech, a technology firm, wants to issue bonds for investment purposes. Loptech has one of the best credit ratings in the industry. Market rates for debt instruments average at .5% interest. Based on its credit rating, Loptech would likely sell bonds that pay _____.
  7. What is the appropriate description for a chain-style franchise?
  8. Hal organized his business in Canada. Most of his customers are in Montana. In Montana, Hal’s business would be considered a(n) __________ corporation.
  9. Mario and Johnny want to start a business. They have very little capital. They are new partners and largely unfamiliar with each other’s management practices. They are happy, however, to be organizing a business together in order to avoid full liability for the business. Which detail of this situation is a good reason for Mario and Johnny to create a general partnership?
  10. What is the correct order of events for the formation of a corporation?
  11. Sandy works for RigorMart. She supervises regional managers and directs them based on orders from the board of directors. Sandy’s position also entitles her to stock ownership in the company. What is Sandy’s position in the company?
  12. Piper is a manager in a corporation that was organized in Canada by one of his former coworkers. The company provides consulting services and training for architects employed by construction companies. The company recently went public, with shares being sold to hundreds of investors. Piper’s company would be a __________ corporation.
  13. Noodleoo, a struggling restaurant chain, wants to enact a franchise agreement with Stephen to sell its product through a chain-style franchise. Stephen agrees and opens the store, and 6 months later Noodleoo goes bankrupt. Which is most likely true of this situation?
  14. Which of the following roles best fits the situation?
  15. Apol wants to start or join a business but is not sure which business organization would be best. She has a large amount of capital but does not yet have any partners who can invest in or effectively manage the business.
  16. Koffman Corporation is trying to raise capital. What method would be the least risky to raise capital if it has a less-than-favorable credit rating?
  17. Abigail is a manager at her company. The company just launched an initiative to improve its corporate citizenship practices. Abigail is responsible for all but which of the following areas?
  18. J-Chron's board of directors periodically meets with the CFO of the company. The CFO reports on the financial status of a company project. The board asks whether the project is compliant with legally-required accounting principles, but asks no other questions about the project, such as how the project supports the company’s mission and strategy. Which of the following is true?
  19. Kara wants to build a business. She has plenty of capital and potential investors and partners. She wants to avoid the burden of sole liability for her business and wants to be able to close the business when she is no longer interested in it. Which of the following would lead Kara to choose a sole proprietorship organization for her business?
  20. What role best fits the following situation?
  21. Manny wants to be involved in a business but is not sure which type of business to join or create. He has capital to invest. He has a good network of potential investors and partners. He has no experience in management.
  22. Juan wants to be involved in business. He has plenty of capital to invest, but he does not want to be involved in management. He also does not want to worry about fluctuations in the market prices of debt and equity instruments. Which form of business would be best for Juan?

 

WK 2 Discussion Question: Analyzing Business Structures

(Answer Included)

Select a business you are familiar with or by conducting a search of the internet. Identify its business structure. Explain the advantages and disadvantages of that designation for the business. Provide examples.

 

Discussion Question: Types of IP's

Includes 3 Full Answers

What are the 4 types of IP?   Name them and give some examples.

 

Discussion Question: Negligence and Causation 

Includes 3 Full Answers
Let's discuss this idea of legal cause.  Consider causation in light of these facts:

Mrs. Pfasgraff is standing next to a large scale in a railroad station.  Unbeknownst to her down on the railroad platform two railroad employees are negligently assisting a man with a brown paper bag onto a moving train.  Because the railroad employees= negligence, the man trips and falls and the bag lands on the tracks.  When the bag lands on the tracks it is run over by the train and explodes violently.  This brown bag had contained fireworks.  The concussion from the explosion caused the scales to fall on Mrs. Pfasgraff and she was injured.  She sues the railroad for negligence because the railroad employees were negligent in the way they helped this man on the train.  Can she recover agaisnt the rail road? Discuss. 

 

 

Additional Discussion Questions (and Answers) that are included with Week 2 Tutorials:

  1. Explain the required elements for each of the three types of torts: Intentional, Negligence & Strict Liability
  2. What are some of the differences between a Patent and a Trade Secret? Why would a company select one over the other?
  3. UTSA is a state law. To get a patent, one must publicly disclose everything about it to the USPTO making it easy to steal it. What can a patent owner do about infringement?
  4. What Laws protect computer information? Could be either federal or state.
  5. What are some specific examples of business crimes? What is the required burden of proof for such crimes?
    Torts also award damages for made up harms. Called Pain & Suffering + Punitive Damages. Why do companies hate both?

 

 

ETH/321T Week 3 Practice Quiz
ETH/321T Week 3 Apply Quiz
ETH/321T WEEK 3 QUIZ Maddox is Gordon’s 17-year-old son. He is a whiz at repairing machines and is employed doing so at the factory full-time during the summer. He had already worked 40 hours this week, but some machines still need repaired. Is Max eligible for overtime pay?
Maddox is Gordon’s 17-year-old son. He is a whiz at repairing machines and is employed doing so at the factory full-time during the summer. He had already worked 40 hours this week, but some machines still need repaired. Is Max eligible for overtime pay?

ETH/321T Week 3

 

Week 3 Kit includes:

  1. Practice Assignment Quiz#1
  2. Practice Assignment Quiz#2
  3. Apply Assignment Quiz#1
  4. Apply Assignment Quiz#2
  5. Discussion Questions and Answers

 

 

ETH/321T Week 3: Practice Quiz #1 (included)

  1. What is the result of frolic and detour?
  2.  What is the definition larceny in a business context?
  3. For years, Lily has been thinking up a plan to pull off a perfect bank robbery. She tells someone about her plans but never robs the bank. Which of the following is true?
  4. Which of the following is true of defamation?
  5. What is the definition of insanity as a defense to crime?
  6. Which of the following is NOT a case of negligence?
  7. What is the definition of mistake of law as a defense to crime?
  8. Lexi buys a food processor and uses it without any problems. She loans the processor to Jill, and Jill is injured when a part flies off the machine. If the former rule of privity of contract were in place, which of the following would be true?
  9. Which of the following unambiguously qualifies as intrusion upon seclusion?
  10. Rank these types of crimes from most to least serious:
  11. Beau is on his way to his favorite toy store when two clowns step in his way and tell him that if he does not spend his money at the carnival instead of the toy store, they will take away his ice cream. Which of the following statements is true?
  12. Jill and Carey have an agency relationship wherein Carey serves as an agent finding painting contracts for Jill. When Carey gets pregnant and wants to stop working for Jill:
  13. Shane’s business was recently forced by the OFFCP to enact an affirmative action plan in order to equalize the predominantly white workforce. Jerome, a minority member, applies for the job and is rejected. Which of the following is true?
  14. Marianna, a documented alien in the U.S., is rejected from employment because her valid papers are still on the way in the mail. Which of the following is true?
  15. Quintin is a floor manager at a manufacturing plant. He oversees a diverse group of more than 50 employees. Based on what he feels are their natural abilities, Quintin has his African American workers on the assembly line, his white workers in Packing, and Hispanic workers in Receiving. Which of the following is true?
  16. Based on the text what is a factor?
  17. Andy goes outside the duty of his agency and purchases some lavish equipment for his company. Which of the following is true?
  18. Which of the following would be considered a situation of illegal employment discrimination?
  19. Which of the following was not an effect of the Norris LaGuardia Act?
  20. Red is a union official. He is faced with a problem when a union member breaks a union bylaw. To address the union member’s fault, Red and union officials meet together and decide to kick the union member out of the union. Which of the following is true?
  21. What is the definition of contributory negligence?
  22. With respect to labor unions, employers used __________ to halt early unionizing efforts.
  23. Loreen is at work when a beam falls on her leg, injuring her. Workers’ compensation entitles her to all but which of the following?
  24. Paige used up her 12 weeks of FMLA leave already this year in order to take care of her sick husband. If Paige herself gets a serious medical condition, which of the following is true?
  25. What is the definition of Wildcat strike?
  26. Shannah is a facilities coordinator working for a public university. She oversees a dozen employees doing custodial work and often ends up working over 40 hours per week. Which of the following is true?
  27. What is the definition of insanity as a defense to crime?
  28. Which of the following would least likely qualify as trespass to chattel?
  29. What is the definition of mistake of law as a defense to crime?
  30. Which of the following is NOT a case of negligence?
  31. While Levin is operating a crane at a construction site, he looks away to take a drink. When he looks up, he discovers that he swung a beam into the cab of the foreman’s truck, which the foreman had left in a restricted area. The courts find that Levin is 80% responsible for the accident and the foreman is 20% responsible. Under the doctrine of contributory negligence:
  32. What is the definition larceny in a business context?
  33. What is the definition of fraud  in a business context?
  34. Beau is on his way to his favorite toy store when two clowns step in his way and tell him that if he does not spend his money at the carnival instead of the toy store, they will take away his ice cream. Which of the following statements is true?
  35. Which of the following unambiguously qualifies as intrusion upon seclusion?
  36. Which of the following is true of defamation?
  37. DJ, an agent, is negotiating contracts for his boss’s company. While in the course of seeking out contracts for his boss, DJ discovers a business opportunity that he would like to take advantage of. Which of the following is true?
  38. Which of the following would be considered a situation of illegal employment discrimination?
  39. Quintin is a floor manager at a manufacturing plant. He oversees a diverse group of more than 50 employees. Based on what he feels are their natural abilities, Quintin has his African American workers on the assembly line, his white workers in Packing, and Hispanic workers in Receiving. Which of the following is true?
  40. Damion works with Kimmie. In spite of the company’s rules concerning sexual harassment, he attempted to inappropriately touch Kimmie several times, even though she repeatedly told him to stop. Kimmie does not complain to management but goes directly to suing the company for allowing the sexual harassment. Which of the following is true?
  41. Marianna, a documented alien in the U.S., is rejected from employment because her valid papers are still on the way in the mail. Which of the following is true?
  42. Jill and Carey have an agency relationship wherein Carey serves as an agent finding painting contracts for Jill. When Carey gets pregnant and wants to stop working for Jill:
  43. UrbanoCorp fires Alyssa, a 40-year-old employee. Which of the following is false?
  44. Wages and hours are considered a(n) __________ bargaining subject.
  45. What is the definition of Wildcat strike?
  46. With respect to labor unions, employers used __________ to halt early unionizing efforts.
  47. Ciro lives in a right-to-work state. He was recently hired at a new company. The union at the company is trying to get Ciro to join the union. Which of the following is true?
  48. What is the definition of contributory negligence?
  49. Which of the following was not an effect of the Norris LaGuardia Act?
  50. Which of the following is false concerning workers’ concerted activity?
  51. Loreen is at work when a beam falls on her leg, injuring her. Workers’ compensation entitles her to all but which of the following?
  52. Which of the following is true of defamation?
  53. While Levin is operating a crane at a construction site, he looks away to take a drink. When he looks up, he discovers that he swung a beam into the cab of the foreman’s truck, which the foreman had left in a restricted area. The courts find that Levin is 80% responsible for the accident and the foreman is 20% responsible. Under the doctrine of contributory negligence:
  54. What is the definition larceny in a business context?
  55. Which of the following would least likely qualify as trespass to chattel?
  56. Which of the following classifies as a tort?
  57. Lexi buys a food processor and uses it without any problems. She loans the processor to Jill, and Jill is injured when a part flies off the machine. If the former rule of privity of contract were in place, which of the following would be true?

 

ETH/321T Week 3: Practice Quiz #2 (included)

  1. What is the definition of fraud in a business context?
  2. What is the definition of Wildcat strike?
  3. Rank these types of crimes from most to least serious:
  4. Which of the following unambiguously qualifies as intrusion upon seclusion?
  5. Which of the following would least likely qualify as trespass to chattel?
  6. Lexi buys a food processor and uses it without any problems. She loans the processor to Jill, and Jill is injured when a part flies off the machine. If the former rule of privity of contract were in place, which of the following would be true?
  7. For years, Lily has been thinking up a plan to pull off a perfect bank robbery. She tells someone about her plans but never robs the bank. Which of the following is true?
  8. While Levin is operating a crane at a construction site, he looks away to take a drink. When he looks up, he discovers that he swung a beam into the cab of the foreman's truck, which the foreman had left in a restricted area. The courts find that Levin is 80% responsible for the accident and the foreman is 20% responsible. Under the doctrine of contributory negligence:
  9. Which of the following was not an effect of the Norris LaGuardia Act?
  10. Which of the following is false concerning workers' concerted activity?
  11. Which of the following is NOT a case of negligence?
  12. Which of the following would be considered a situation of illegal employment discrimination?
  13. Which of the following is true of defamation?
  14. Andy goes outside the duty of his agency and purchases some lavish equipment for his company. Which of the following is true?
  15. DJ, an agent, is negotiating contracts for his boss's company. While in the course of seeking out contracts for his boss, DJ discovers a business opportunity that he would like to take advantage of. Which of the following is true?
  16. Jill and Carey have an agency relationship wherein Carey serves as an agent finding painting contracts for Jill. When Carey gets pregnant and wants to stop working for Jill:
  17. Shane's business was recently forced by the OFFCP to enact an affirmative action plan in order to equalize the predominantly white workforce. Jerome, a minority member, applies for the job and is rejected. Which of the following is true?
  18. UrbanoCorp fires Alyssa, a 40-year-old employee. Which of the following is false?
  19. Quintin is a floor manager at a manufacturing plant. He oversees a diverse group of more than 50 employees. Based on what he feels are their natural abilities, Quintin has his African American workers on the assembly line, his white workers in Packing, and
  20. Hispanic workers in Receiving. Which of the following is true?
  21. Loreen is at work when a beam falls on her leg, injuring her. Workers' compensation entitles her to all but which of the following?
  22. Paige used up her 12 weeks of FMLA leave already this year in order to take care of her sick husband. If Paige herself gets a serious medical condition, which of the following is true?
  23. Red is a union official. He is faced with a problem when a union member breaks a union bylaw. To address the union member's fault, Red and union officials meet together and decide to kick the union member out of the union. Which of the following is true?
  24. Wages and hours are considered a(n) __________ bargaining subject.
  25. With respect to labor unions, employers used __________ to halt early unionizing efforts.
  26. What is the definition of mistake of law as a defense to crime?
  27. Which of the following classifies as a tort?
  28. Damion works with Kimmie. In spite of the company's rules concerning sexual harassment, he attempted to inappropriately touch Kimmie several times, even though she repeatedly told him to stop. Kimmie does not complain to management but goes directly to suing the company for allowing the sexual harassment. Which of the following is true?
  29. What is the result of frolic and detour?
  30. Ciro lives in a right-to-work state. He was recently hired at a new company. The union at the company is trying to get Ciro to join the union. Which of the following is true?
  31. Shannah is a facilities coordinator working for a public university. She oversees a dozen employees doing custodial work and often ends up working over 40 hours per week.
  32. Which of the following is true?
  33. Beau is on his way to his favorite toy store when two clowns step in his way and tell him that if he does not spend his money at the carnival instead of the toy store, they will take away his ice cream. Which of the following statements is true?
  34. What is the definition larceny in a business context?
  35. What is the definition of insanity as a defense to crime?
  36. Based on the text what is a factor?

 

 

ETH/321T Week 3: Apply Quiz #1 (included)

  1. Eduardo is working his way up the ladder in the world of amateur boxing. He makes a stinging (and false) remark about his next opponent on TV by saying that his opponent is a coward who practices boxing by beating up his wife. Which of the following is true?
  2. Maddox is Gordon’s 17-year-old son. He is a whiz at repairing machines and is employed doing so at the factory full-time during the summer. He had already worked 40 hours this week, but some machines still need repaired. Is Max eligible for overtime pay?
  3. Jennifer took a video recording of Jack and Alice fighting in an alley. Jack and Alice disclose multiple private facts about each other through the course of the argument. Jennifer posts the fight on the internet. Which of the following is true?
  4. Elizabeth is out with her friends at a bar one night. The bartender notices someone slip a pill into Elizabeth's drink. If Elizabeth commits a crime later that night, the bartender can best testify on her behalf. Which defense most likely applies to this situation? (Whether or not the defense will work is not relevant.)
  5. Jesse's mother dies. Due to the trauma, Jesse breaks into an ice cream shop, steals all the ice cream, and is later caught. Which defense most likely applies to this situation? (Whether or not the defense will work is not relevant.)
  6. Amanda is babysitting when her charge Tomas leaps off a couch onto a glass table and breaks it, leaving him with many cuts. To show that Amanda was negligent, Tomas's parents must show that:
  7. Which statement corresponds to this specific situation? Virgil and Suzanna both work at a business with 50 employees. Virgil is 55 and Suzanna is 60. They have the same qualifications and experience. When the company need to downsize, Virgil is fired but Suzanna is retained.
  8. Megan's boss is out of town. While she is gone, the company receives a critical tax bill from the state that must be paid immediately. Megan does not have authority to pay bills, but arranges for the company to pay the bill anyway. Which response best fits the situation - is the payment of the bill enforceable?
  9. Orlando's business wants to enact an affirmative action plan. Which of the following would not be a part of the process?
  10. Kenzie is a broker agent hired to make a deal for the purchase of an office building. Kenzie sells the building.
    What is the result related to the status of the agency?
  11. Which statement corresponds to this specific situation?
    Rowan owns a computer programming business with 15 employees. He is hiring a new employee, and he turns down a 45-year-old man because he is "too old to keep up with the rest of the group."
  12. Felipe is an illegal immigrant seeking work in the U.S. He is hired by a small factory doing manual labor. When it is discovered that Felipe is an illegal immigrant:
  13. Mike is an agent making purchasing orders for Tami. Tami passes away before the agency contract is voluntarily ended. Mike has already done most of the work Tami assigned. What is the result related to the status of the agency?
  14. Which statement matches the following scenario? Joy is a supervisor over Elias. She repeatedly solicits sexual behavior from Elias and does other inappropriate actions that a reasonable person would find offensive. Elias has not solicited the behavior and finds it unwelcome. Joy never imposes a tangible job action against Elias.
  15. Which statement matches the following scenario? Layne is romantically interested in his employee, Brenda. He has asked her out a few times, but Brenda has turned him down.
  16. Which of the following would be considered a situation of legal employment discrimination? For the scenario, determine whether or not the person should be covered by worker's compensation protections.Noel is on break at work and is bored. He climbs up on a conveyer belt and comically uses it as a treadmill. He slips on the belt and falls down, and his hand gets stuck in the belt and is injured. Noel's actions are typical, and his employer knows that he usually engages in this kind of behavior.
  17. Which of the following was an effect of Norris LaGuardia?
  18. Fill in the blank that completes the statement. Al's Fine Winery has had workers attempting to band together to form a union. Al's wants to avoid letting the workers gain too much power by eliminating new workers' option to join a union at all. Al's will likely utilize ____________.
  19. Training opportunities are what kind of a bargaining subject?
  20. Gordon has already worked 40 hours this week and is asked to come in to work again. Gordon is a manager who constantly has to make decisions about the business's operation. Is Gordon eligible for overtime pay?
  21. Fill in the blank that completes the statement.
    Alonzo's Crooked Cake Shop has had workers attempting to unionize in order to be able to work fewer hours per week. Alonzo's argues in court that because there is only one other cake shop in the region, a strike and other union activities would disrupt competition in the cake business. Alonzo's is using __________ to prevent union activities.
  22. Buster has had a serious medical condition for many months. He has used up all of his sick leave and vacation days, as well as 10 weeks of intermittent FMLA leave. He asks for an additional two weeks off from work. Which of the following is true?
  23. Read the scenario and determine what result the law requires.
    The union at Cherry's firm is on strike because it wants higher wages. During the strike, management hires a new person to take Cherry's place. When the strike finally ends, Cherry wants her job back. Which of the following is true?
  24. For the scenario, determine whether or not the person should be covered by worker's compensation protections.
    Vicente works at a factory. While he is working, a coworker negligently trying to spin donuts in a forklift runs into him, causing an injury to both workers.
  25. For the scenario, determine whether or not the person should be covered by worker's compensation protections.
    Ginger works at a shop as a mechanic. One day at work, a fellow employee is pinned under a car when a jack fails. Ginger rushes over to help, and while trying to lift the car suffers a stroke.
  26. Maddox is Gordon's 17-year-old son. He is a whiz at repairing machines and is employed doing so at the factory full-time during the summer. He has already worked 40 hours this week, but some machines still need repaired. Is Max eligible for overtime pay?
  27. Ella makes minimum wage. Her job title is "System Assembly Supervisor." She primarily spends her workday putting together electronic components. She is asked to work more than 40 hours this week to meet a deadline. Is Ella eligible for overtime pay?
  28. Cynthia is a union member at her company. She files a complaint against the union because of what she feels is an unfair rule. Which of the following is true?
  29. Cathy works in a welding shop. While working one day, a pipe falls from scaffolding above and lands on her head, injuring her. Cathy complains to OSHA, but the company argues that because it has a "watch out for falling pipe" sign in the workplace that it gave fair warning. It also says that if Cathy wasn't wearing a hardhat, she is responsible for her own injury. Which of the following is true?
  30. Ozzy recently started working at a new company. He has been solicited several times to join the union of the company, but he would prefer not to. The union officials tell Ozzy that he won't be allowed to keep working unless he joins the union. Which of the following is true?
  31. What type of crime is money laundering?
  32. NuKere, a nuclear plant, accidently leaks hazardous waste onto a nearby property, despite having recently passed a rigorous set of safety checks. Under standards of strict liability, which of the following is true?
  33. Elaine is a secretary for a business. One day a customer comes in to file a new contract while Elaine is seated at her boss's desk. The customer assumes Elaine is a person of authority, and Elaine is knowledgeable enough to help the customer file the contract. Which response aligns best with this situation?
  34. Darlene and her friends get together for lunch after work. While at lunch, the friends discuss what they can do to solve the problem of excessive overtime at work. Which of the following is true?
  35. Tiana runs an employment agency distributing work assignments to several dozen workers who then work for whatever employer they are assigned to. Which true statement best suits this situation? ("Discriminate" in this context means to make an employment decision about employees based on the characteristics described in the text.)

 

ETH/321T Week 3: Apply Quiz #2 (included)

  1. Penny is seen organizing racks at a local clothing store one day while she shops, and the manager offers her a job. The next day, Penny’s boss from the clothing store across the street comes in and accuses the manager of trying to interfere with Penny’s non-competition agreement. Which of the following is true?
  2. What type of crime is money laundering?
  3. Rebekah unknowingly grows illegal marijuana plants in her garden, assuming they are just weeds. If Rebekah is discovered growing the marijuana, strict liability would infer that:
  4. Eduardo is working his way up the ladder in the world of amateur boxing. He makes a stinging (and false) remark about his next opponent on TV by saying that his opponent is a coward who practices boxing by beating up his wife. Which of the following is true?
  5. While on a hike with a tour group in the mountains, Derek gets mauled by a bear. No previous reports of bears in the area had been made.  Derek wants to hold the tour company liable for his injury. Which of the following is most likely true?
  6. Which crime is BEST represented by the following situation? Dagan sneaks into an event center through an unlocked window to steal valuable items on display for an event the next day.
  7. Jesse’s mother dies.  Due to the trauma, Jesse breaks into an ice cream shop, steals all the ice cream, and is later caught. Which defense most likely applies to this situation? (Whether or not the defense will work is not relevant.)
  8. Which of the following situations would not substantiate a tort claim of infliction of emotional distress?
  9. Elizabeth is out with her friends at a bar one night. The bartender notices someone slip a pill into Elizabeth’s drink. If Elizabeth commits a crime later that night, the bartender can best testify on her behalf. Which defense most likely applies to this situation? (Whether or not the defense will work is not relevant.)
  10. Amanda is babysitting when her charge Tomas leaps off a couch onto a glass table and breaks it, leaving him with many cuts. To show that Amanda was negligent, Tomas’s parents must show that:
  11. Which crime is BEST represented by the following situation? Jeff decides that it is time to clean up his act and stop manufacturing drug paraphernalia in his basement. He uses $15,000 from bong pipe sales to open a children’s toy store. The next day, the police bust Jeff for his sale of drug paraphernalia.
  12. What type of crime is petty theft?
  13. Alfonso prefers only to hire Latino workers his auto body shop because they “fit in” easier with his 12 employees. During a busy season, Alfonso hires three extra workers to help keep up with business, then lets them go when the busy season is over. Which true statement best suits this situation? ("Discriminate" in this context means to make an employment decision about employees based on the characteristics described in the text.)
  14. Tiana runs an employment agency distributing work assignments to several dozen workers who then work for whatever employer they are assigned to. Which true statement best suits this situation? ("Discriminate" in this context means to make an employment decision about employees based on the characteristics described in the text.)
  15. Penn commits a tort while acting in the interest of her undisclosed principal. Who is responsible or liable?
  16. Kenzie is a broker agent hired to make a deal for the purchase of an office building. Kenzie sells the building. What is the result related to the status of the agency?
  17. Marley goes outside the duties of her agency in negotiating a business contract between her principal and a customer. Which of the following is true?
  18. Which of the following would be considered a situation of legal employment discrimination?
  19. Phineas is an agent assigned to scout out professional players for a football team. One player he brings in has a drug problem, which Phineas knows about but does not disclose to the hiring team. If the player is selected, which of the following is true?
  20. Mike is an agent making purchasing orders for Tami. Tami passes away before the agency contract is voluntarily ended. Mike has already done most of the work Tami assigned. What is the result related to the status of the agency?
  21. Megan’s boss is out of town. While she is gone, the company receives a critical tax bill from the state that must be paid immediately. Megan does not have authority to pay bills, but arranges for the company to pay the bill anyway. Which response best fits the situation - is the payment of the bill enforceable?
  22. Which statement corresponds to this specific situation? Rowan owns a computer programming business with 15 employees. He is hiring a new employee, and he turns down a 45-year-old man because he is “too old to keep up with the rest of the group.”
  23. Which statement matches the following scenario? Layne is romantically interested in his employee, Brenda. He has asked her out a few times, but Brenda has turned him down.
  24. Felipe is an illegal immigrant seeking work in the U.S. He is hired by a small factory doing manual labor. When it is discovered that Felipe is an illegal immigrant:
  25. Which statement corresponds to this specific situation? Virgil and Suzanna both work at a business with 50 employees. Virgil is 55 and Suzanna is 60. They have the same qualifications and experience. When the company need to downsize, Virgil is fired but Suzanna is retained.
  26. Elaine is a secretary for a business. One day a customer comes in to file a new contract while Elaine is seated at her boss’s desk. The customer assumes Elaine is a person of authority, and Elaine is knowledgeable enough to help the customer file the contract.  Which response aligns best with this situation?
  27. Read the scenario and determine what result the law requires. The union at Elsa’s firm is on strike because the company has not been following OSHA safety standards. During the strike, management hires a new person to take Elsa’s place. When the strike finally ends, Elsa wants her job back.
  28. For the scenario, determine whether or not the person should be covered by worker's compensation protections. Ginger works at a shop as a mechanic. One day at work, a fellow employee is pinned under a car when a jack fails. Ginger rushes over to help, and while trying to lift the car suffers a stroke.
  29. Training opportunities are what kind of a bargaining subject?
  30. Darlene and her friends get together for lunch after work. While at lunch, the friends discuss what they can do to solve the problem of excessive overtime at work. Which of the following is true?
  31. Ella makes minimum wage. Her job title is “System Assembly Supervisor.” She primarily spends her workday putting together electronic components. She is asked to work more than 40 hours this week to meet a deadline. Is Ella eligible for overtime pay?
  32. Cynthia is a union member at her company. She files a complaint against the union because of what she feels is an unfair rule. Which of the following is true?
  33. Ozzy recently started working at a new company. He has been solicited several times to join the union of the company, but he would prefer not to. The union officials tell Ozzy that he won’t be allowed to keep working unless he joins the union. Which of the following is true?
  34. Read the scenario and determine what result the law requires. The union at Cherry’s firm is on strike because it wants higher wages. During the strike, management hires a new person to take Cherry’s place. When the strike finally ends, Cherry wants her job back. Which of the following is true?
  35. Fill in the blank that completes the statement. Al’s Fine Winery has had workers attempting to band together to form a union. Al’s wants to avoid letting the workers gain too much power by eliminating new workers’ option to join a union at all. Al’s will likely utilize ____________.
  36. Fill in the blank that completes the statement. Alonzo’s Crooked Cake Shop has had workers attempting to unionize in order to be able to work fewer hours per week. Alonzo’s argues in court that because there is only one other cake shop in the region, a strike and other union activities would disrupt competition in the cake business. Alonzo’s is using __________ to prevent union activities.
  37. Buster has had a serious medical condition for many months. He has used up all of his sick leave and vacation days, as well as 10 weeks of intermittent FMLA leave. He asks for an additional two weeks off from work. Which of the following is true?
  38. Gordon has already worked 40 hours this week and is asked to come in to work again. Gordon is a manager who constantly has to make decisions about the business's operation. Is Gordon eligible for overtime pay?
  39. Cathy works in a welding shop. While working one day, a pipe falls from scaffolding above and lands on her head, injuring her. Cathy complains to OSHA, but the company argues that because it has a “watch out for falling pipe” sign in the workplace that it gave fair warning. It also says that if Cathy wasn’t wearing a hardhat, she is responsible for her own injury. Which of the following is true?
  40. For the scenario, determine whether or not the person should be covered by worker's compensation protections. Noel is on break at work and is bored. He climbs up on a conveyer belt and comically uses it as a treadmill. He slips on the belt and falls down, and his hand gets stuck in the belt and is injured. Noel's actions are typical, and his employer knows that he usually engages in this kind of behavior.
  41. Maddox is Gordon’s 17-year-old son. He is a whiz at repairing machines and is employed doing so at the factory full-time during the summer. He had already worked 40 hours this week, but some machines still need repaired. Is Max eligible for overtime pay?

Discussion Question (Answer Included)

Select a past or current issue in employment law in the United States.

Describe the issue. Explain how employment law was applied in the resolution.

 

 

Discussion Question: Elements of a Contract

Includes 3 Full Answers

What requirements are necessary for the creation of a contract?  Define each element.
What types of contract require a writing to be enforceable under the Statute of Frauds?


Discussion Question: C-Corps -- S-Corps

Includes 2 Full Answers

What are C-Corps and S-Corps? Compare and Contrast.

 

Discussion Question: Types of Entities

Includes 3 Full Answers

Class, consider the following business entities: Sole proprietorship, Partnership, LLC, and Corporation. What are some of the important advantages and disadvantages of each type?

Additional Discussion Questions (and Answers) that are included with Week 3 Tutorials:

  1. Does an oral contract have to be in writing to be enforced? Think: Statute of Frauds.
    What is the penalty for failure to satisfy the SOF?
  2. Two types of law govern contracts: The Common Law of Contracts & Article 2 of the Uniform Commercial Code. What do they each cover? Which one follows the Mirror Image Rule? What is the MIR?
  3. What about Equitable Remedies?
    What are the elements of an enforceable contract?
    Why is the LLC the best form for a small business to use?
  4. What is Limited Liability? What is Double Taxation?

 

 

ETH/321 Apply: Internet-Based Contracting Issues
ETH/321T Practice Quiz
ETH/321T WEEK 4 Practice Quiz
ETH/321 WK4 Practice Quiz

ETH/321T Week 4

Principles of Microeconomics

 

Week 4 Kit includes:

  1. Practice Assignment Quiz#1
  2. Practice Assignment Quiz#2
  3. Apply Assignment Quiz#1
  4. Discussion Questions and Answers

 

Practice Assignment Quiz #1

  1. What are compensatory damages?
  2. Which of the following would qualify as valid consideration?
  3. Claire and Donny want to use a contract to enforce a business deal. Which of the following would most solidly enforce to terms of their agreement?
  4. Which of the following would most likely qualify as substantial performance?
  5. What is the definition of undue influence?
  6. Which of the following contracts are not required to be in writing?
  7. Stetzon, a merchant, makes an unconscionably unfair deal with another merchant, Cheri. Cheri wants to pursue a remedy when she discovers her disadvantage in the contract. What recourse does Cheri have under UCC?
  8. What is the correct definition of delegator?
  9. Callie wants to work for an insurance firm. Before she is hired, the firm wants her to sign a non-compete agreement that she will not work for any other insurance firm in the state or any surrounding state for the next ten years. Which of the following is most likely true?
  10. What is the correct definition of offeror?
  11. Lou picks up a desktop mouse he finds lying on a desk at school. The next day Travis recognizes the mouse as the one he left behind the day before but tells Lou he "might as well have it." The mouse is:
  12. Travis voluntarily relinquished the mouse with no trade of consideration; it is a gift.
  13. Which of the following is a definition of novelty?
  14. Which of the following would most likely be considered fair use?
  15. Perry started a new company called Thixxix, along with a distinctive trademark mark meant to identify the company. Perry doesn't bother to register the trademark. The year following the creation of his company, Perry sees a trademark logo for another company that looks just like the mark for Thixxix. Which of the following is true?
  16. Torey broke into a competitor's office to steal a trade secret. She is eventually caught. If she has gained from the use of the trade secret, which of the following is true?
  17. BooneTech has a superior instrumentation system for doing work in its factory. It regularly offers tours so people can come and observe the special equipment. When a competitor begins to use similar equipment, BooneTech sues the competitor for utilizing a trade secret. Which of the following is true?
  18. Which of the following is the correct definition of utility?
  19. Which of the following is the correct definition of non-obviousness?
  20. Jerry wants to rent out living space to a tenant. He wants the benefit of steady rent payments and the ease of evicting the tenant when he feels it would be convenient. Jerry also wants to formalize the tenancy with a rental agreement so that his rights and privileges are explicitly accounted for and agreed to in writing. Which form of tenancy should Jerry use in renting out his space?
  21. A periodic tenancy would likely offer regular month-to-month payments, and it would offer the freedom Jerry wishes to end the tenancy when he wants. Periodic tenancy is typically formalized in writing, which would further meet Jerry's preferences.
  22. A __________ may have an infinite duration.

 

Practice Assignment: Quiz #2

1.    Which of the following would most likely qualify as substantial performance?
2.    Stetzon, a merchant, makes an unconscionably unfair deal with another merchant, Cheri. Cheri wants to pursue a remedy when she discovers her disadvantage in the contract. What recourse does Cheri have under UCC?
3.    What is the correct definition of offeror?
4.    Colby is 17 and signs a contract to buy a car. He turns 18 and immediately defaults on his car loan. Which of the following is true?
5.    What is the correct definition of assignee?
6.    What is the definition of undue influence?
7.    What is the correct definition of delegator?
8.    Claire and Donny want to use a contract to enforce a business deal. Which of the following would most solidly enforce to terms of their agreement?
9.    What are punitive damages?
10.  What are compensatory damages?
11.  Lou picks up a desktop mouse he finds lying on a desk at school. The next day Travis recognizes the mouse as the one he left behind the day before but tells Lou he “might as well have it.” The mouse is:
12.  Which of the following is a definition of novelty?
13.  Which of the following would most likely be considered fair use?
14.  Perry started a new company called Thixxix, along with a distinctive trademark mark meant to identify the company. Perry doesn’t bother to register the trademark. The year following the creation of his company, Perry sees a trademark logo for another company that looks just like the mark for Thixxix. Which of the following is true?
15.  Torey broke into a competitor’s office to steal a trade secret. She is eventually caught. If she has gained from the use of the trade secret, which of the following is true?
16.  BooneTech has a superior instrumentation system for doing work in its factory. It regularly offers tours so people can come and observe the special equipment. When a competitor begins to use similar equipment, BooneTech sues the competitor for utilizing a trade secret. Which of the following is true?
17.  Which of the following is the correct definition of utility?
18.  Which of the following is the correct definition of non-obviousness?
19.  Jerry wants to rent out living space to a tenant. He wants the benefit of steady rent payments and the ease of evicting the tenant when he feels it would be convenient. Jerry also wants to formalize the tenancy with a rental agreement so that his rights and privileges are explicitly accounted for and agreed to in writing. Which form of tenancy should Jerry use in renting out his space?
20.  A      may have an infinite duration.

 

 

Apply Assignment Quiz

  1. What is the most likely status of the contract for the scenario? Laura, a 17-year-old, signs a contract with her neighbor to buy a car through monthly payments. Laura loses her job the next week and can no longer make the payments. Laura’s contract with her neighbor is most likely:
  2. What is the most likely status of the contract for the scenario?
  3. Jena is contracting with Brigham to purchase his car. Before the sale, a tree falls on Brigham’s car, ruining it. The contract is most likely:
  4. Match the status/existence of a contract with the scenario. Larry posts on the internet that he is offering in-home interior design consultations and that interested customers should schedule an appointment and pay a consultation fee on his website. Brenda sends in a letter with a payment and a scheduled time for Larry to go to her house for a consultation. Which of the following is most likely true?
  5. Match the status/existence of a contract with the scenario. Jackie makes a post on Facebook saying she promises to pay $20 to whoever will come pull weeds in her garden. The next day, a stranger pulls Jackie’s weeds and demands $20. Which of the following is most likely true?
  6. Which of the following would not qualify as valid consideration?
  7. Based on the details of the scenario, determine what will most likely occur. Melinda has a contract to pay 13% interest on a personal loan for 5 years. She decides the rate is unfair and files a complaint in court.
  8. Based on the details of the scenario, determine what will most likely occur. Stewie, aged 16, has a contract with his guardian to do chores as payment for his food and housing. Stewie decides the contract is unfair and stops doing his chores.
  9. Based on the details of the scenario, determine what will most likely occur. Lincoln has been taking advantage of Benson through an unfair contract for several years. Eventually, Benson seeks relief and legal freedom from his contract.
  10. Based on the details of the scenario, determine what will most likely occur. Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who then makes the pelts into hats to sell. A year into their contract, it becomes illegal to buy or sell beaver pelts in the U.S.
  11. For the scenario, determine if the party is guilty and what is "at play" related to agreement between parties. Lucy agrees over the phone with Daryl to sell him “the pretty necklace in the window” in Lucy’s pawn shop. Lucy sends Daryl the wrong necklace from a different window.
  12. For the scenario, determine if the party is guilty and what is "at play" related to agreement between parties. Joy threatens Winston at knifepoint to sign a prenuptial agreement until he complies.
  13. For the scenario, determine if the party is guilty and what is "at play" related to agreement between parties. Rusty is a landlord over the apartment Pierre lives in. Pierre is unable to make rent payments, so Rusty makes Pierre do renovation labor on the apartments every day for 6 hours as payment instead. He also makes Pierre sign a contract that he will not move until he catches up to his late payments.
  14. For the scenario, determine if the party is guilty and what is "at play" related to agreement between parties. Tyson gets his employees to sign an employment agreement which has extra contract obligations hidden in small, almost invisible type.
  15. Hannah has a contract dispute with Ralph over a sale of goods. Hannah wants to submit the contracts she has made with her other customers as evidence of her fair dealings. Which of the following is true?
  16. Tanner has too much work to do to fulfill his contract obligations to Fin. He tells his employee Lil to take care of his duties instead. Determine the status of each person.
  17. Read the scenario and determine what needs to take place based on the resolutions described in the text.
  18. Sue has contracted with Rick to do a landscaping project on her property when she sells the whole property to Sylvia. Sylvia decides she will continue to have Rick do the landscaping project. The parties now need a(n)               
  19. Read the scenario and determine what needs to take place based on the resolutions described in the text. Kyle has already contracted with Vick on a construction project. After some disagreement on materials, location, and deadlines, they decide that the original contract is no longer valid. Kyle and Vick now need a(n)
  20. Read the scenario and determine what needs to take place based on the resolutions described in the text. Penn contracts with Lisa to do a landscape architecture project on Lisa’s property. Before the contract starts, a local city ordinance is instituted which severely limits citizens’ ability to plant certain types and numbers of plants in order to conserve water. Penn and Lisa now need to institute a(n)          
  21. Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the blank. A party can receive             damages to restore itself to the position it would have been in if a breach had not occurred.
  22. Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the blank. When a breach of contract results in no tangible harm to a non-breaching party, it can receive
  23. Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the blank.                  damages are those which cover future losses which are likely to result from one party’s insufficient performance.
  24. Yolanda and Mack are negotiating a contract deal for sale of goods. Yolanda offers Mack $2 per pound for Mack’s peanuts. Mack wants to sell them for $2.50. Under UCC, what happens when Mack asks for the higher amount, assuming both parties are merchants?
  25. Mack cannot make a new offer under UCC – he can only accept or reject Yolanda’s standing
  26. Determine the type of property involved for each example. Jarvis’ godmother leaves him a family ring in her will when she passes away. The ring is:
  27. Determine the type of property involved for each example. Cecil leaves his jacket on a bench in the park. He never goes back to look for it. The jacket is:
  28. Determine the type of property involved for each example. Kory’s notebook falls out of his backpack on the way to class. His property is picked up by Harry. Kory’s notebook is:
  29. Does the following pass the "test" of non-obviousness? A pencil with a pen on the opposite side.
  30. Does the following pass the "test" of non-obviousness? A machine that folds shirt perfectly.
  31. Does the following pass the "test" of novelty? A design for a chair that folds.
  32. Does the following pass the "test" of novelty? A design for a plate that turns into a bowl.
  33. Does the following pass the "test" of utility? A theory for an anti-gravity machine.
  34. Does the following pass the "test" of utility? A prototype for a drone that can dig soil.
  35. Which of the following would most likely be considered fair use?
  36. Showing a clip of a movie to bring people to the theatre would not erode the movie’s value or unfairly steal from the creators in the way selling, using, or publishing another’s work would.
  37. Which of the following shows the correct answer for examples of fanciful trademarks?
  38. Which of the following shows the correct answer for examples of suggestive trademarks?
  39. Which of the following shows the correct answer for examples of arbitrary trademarks?
  40. Examine the scenarios to determine the protected status, unprotected status, existence, or non- existence of a trade secret. Matt is a manager for a seafood restaurant with a famous koi dish recipe the restaurant considers to be a trade secret. When Matt quits the restaurant, he takes the recipe with him to use at the next restaurant that hires him.
  41. Examine the scenarios to determine the protected status, unprotected status, existence, or non- existence of a trade secret. Orlando works for a manufacturing company in its research and development division. After years of research and testing, Orlando finally discovers the secret to a competitor’s efficient manufacturing process.
  42. Examine the scenarios to determine the protected status, unprotected status, existence, or non- existence of a trade secret.
  43. Jake’s company uses a unique ergonomics and organization system to help employees work more efficiently. The company wants Jake to sign a non-disclosure agreement not to expose the system.
  44. Examine the scenarios to determine the protected status, unprotected status, existence, or non- existence of a trade secret. Lenny, an Italian chef, has his son Giovanni plant a camera in the kitchen of competitor in order to learn the competitor’s secret recipe.
  45. Determine the ownership status for the scenario below. Phyllis offers property to a university on condition that the space is used for recreational use only. Ten years later, the university builds a math lab on the property. Phyllis does not repossess the property. Ownership of the property up to this point has been:
  46. Determine the ownership status for the scenario below. Ewan offers property he owns to his nephew on the condition he renovates the fixtures on the property by the end of the next year. Ewan’s nephew never finishes the renovations, and the property reverts back to Ewan. Up to this reversion, Ewan's nephew's ownership in the land was:
  47. Determine the ownership status for the scenario below. Victoria has been paying a mortgage on her property for the past 30 years. When Victoria pays the last payment on her mortgage, her ownership interest in the property will be:
  48. Based on the scenario, what is the classification of the tenancy? Darla moves into one of Bret’s spare rental units while Bret is away on vacation. Bret doesn’t even notice Darla’s presence until several months later. Darla’s tenancy is best classified as:
  49. Based on the scenario, what is the classification of the tenancy? Alec pays Travis to rent office space for one year, after which he will move out. Alec’s tenancy is best described as:
  50. Based on the scenario, what is the classification of the tenancy? Winston pays a yearly fee to Barbara to rent stall space for his horse at the fairgrounds. Winston’s tenancy is best classified as:
  51. Based on the scenario, what is the classification of the tenancy? Lionel had a rental agreement with Kris for Kris to lease storefront space for 5 years. 5 years has passed, but Kris still uses the space and pays Lionel rent. Kris’s tenancy is best classified as:


 

Week 4 Discussion Questions (and Answers)

 

Discussion Question: Protecting Intellectual Property

(Answer Included)

Identify the intellectual property of a company you are familiar with or by an internet search. Explain why protecting their intellectual property is important to the company.

 

 

Discussion Question: Commerce Clause

When can states regulate commerce?   When are states preempted from regulating commerce?  Explain the term "Dormant Commerce Clause.

 

Discussion Question: Sherman Anti-Trust Act

Class, what are the provisions of the Sherman Anti-Trust Act?  How do these impact business today, and do believe anti-trust is as important to business today as it has been in the past? Why or why not?

 

 

Additional Discussion Questions (and Answers) that are included with Week 4 Tutorials:

  1. Why have the number of Administrative Agencies grown over the past forty years? What do they do well? What do they do poorly?
  2. Isn't it scary to think that we eliminate the checks and balances of our system when we delegate all three powers to one agency? They act as Legislature, Executive and Judicial Branches?
  3. I contend that public companies should be happy that the government regulates the financial markets. Explain my statement.
  4. Discuss three SPECIFIC changes made by SOX?
    Hint: Outside directors on the Audit Committee is one specific change.
  5. What is so special about Outside Directors?
    How does the Supremacy Clause effect the regulation of the states?

 

 

ETH/321T WEEK 5 APPLY QUIZ
ETH/321T Week 5 Practice Quiz
ETH/321T Week 5 NEW
ETH/321T Week 5 Practice Quiz

ETH/321T Week 5

 

Week 5 Kit includes:

  1. Practice Assignment Quiz
  2. Apply Assignment Quiz
  3. Discussion Questions and Answers

 

Practice Assignment Quiz

  1. Which of the following is illegal under the Sherman Anti-Trust Act?
  2. Theodore is selling walnuts of like grade to two buyers in the same week. After selling to the first buyer at one price, one of the major processing machines breaks down and Theodore is forced to use costlier manual labor to process the nuts for his second buyer. Which of the following is true?
  3. The text specifies that different costs can be justified even for like products if they “have different production costs when readied for sale at different times.”
  4. Which of the following is the correct definition for tying arrangements?
  5. Which of the following is the correct definition of division of markets?
  6. Congress makes a new law concerning the use of personal flight vehicles in public airspace. Which of the following would most likely happen?
  7. Which of the following is the correct definition for geographic allocations agreements?
  8. What is the correct order of events for the creation of a substantive rule?
  9. Which of the following is the correct definition of price fixing?
  10. Which of the following is the correct definition of boycott?
  11. Mark is an accountant for his firm TradeuTech. One of the executives in the company occasionally visits Mark to banter about the firm’s current investments and ask about potential good investments for the company. Which of the following is most likely true?
  12. Which of the following is the correct definition of rule proposal?
  13. Why did the Dodd-Frank Act amend the Investment Advisers Act?
  14. Janice works for an investment banking firm. Her company helps new companies begin the process of offering securities for sale. Janice herself also publishes analyses on the financial security of individual investments. Which of the following is true?
  15. Nation A makes a decision that Country B disagrees with concerning capital punishments for citizens who commit serious crimes in the country. Which of the following is true?
  16. Kristy's office wants everyone to sign and agree to follow some new office rules. The rules are as follows:
  17. When purchasing foreign goods, A U.S. business is regulated by all but which of the following?
  18. Nation A makes a decision that Nation B does not agree with concerning the international sale of heavy weapons. Nation B decides to contest the policy rather than let it stand. Which of the following is true?
  19. Amador's company is considering a change in its distribution structure. Before deciding on the change, Amador has a research team examine how it will affect shareholders, employees, suppliers, community members, and other groups. This suggests Amador's company is observing:
  20. Which of the following is the primary responsibility of the European Council?
  21. Nation A and Nation B want to form an agreement for enforcing safety standards in a worker exchange program between the two nations. No such agreement has been utilized before. Which of the following is false?
  22. Which of the following is the primary responsibility of the Bank for the International Settlements?
  23. Which of the following is the primary responsibility of European Parliament?
  24. Which of the following is the primary responsibility of the European Commission?
  25. Which of the following is the primary responsibility of the World Bank?
  26. Which ability or function of a company most strongly suggests it may hold monopoly power?
  27. Which of the following is the correct definition for exclusive dealing agreements?
  28. Which of the following is the correct definition of rule adoption?
  29. Which of the following is exempt from the disclosure requirements of the Securities Act?
  30. Company A is in the U.S. and Company B is in foreign country. While visiting the U.S., a foreign official visits Company A and lets it know that he can help the company make a useful business connection to Company B. Which of the following is true?
  31. Which of the following is not an authority of the UN Security Council?
  32. Which of the following is the primary responsibility of the International Monetary Fund?

 

Apply Assignment Quiz

  1. Yittercorp regularly trades in securities on a national exchange. The company is a widely-held corporation with 600 shareholders and $15 million in assets. Which of the following is true concerning the company's requirement to report to the SEC?
  2. Which of the following places the events in the correct order?
  3. Wendy wants to start a business. She knows many unaccredited investors who she knows will help her jumpstart her business. What constraints on investments for new businesses apply here?
  4. Gillcore is about to go public and begin selling securities. As a new public company, what steps must Gillcore take in order to stay in line with the requirements of the Securities Act?
  5. Bekah is an adviser for the company Vicoltech, which deals heavily in investments. Bekah also advises several other clients in her state, but no clients outside of her stateBefore the Dodd-Frank Act was passed, Bekah was exempt from registration and reporting requirements with the SEC. When the Dodd-Frank Act was passed:
  6. Bernie just started a business and is trying to raise capital. He has both accredited and non-accredited investors investing in the company. What constraints on investments for new businesses apply here?
  7. Chloe has her own office where she generates investment advice for companies. She is compensated for her advice. Which of the following is false?
  8. Horace is trying to start a business. He knows several accredited investors who he knows will help him jumpstart his business. What constraints on investments for new businesses apply here?
  9. Kathleen works for an accounting firm, Securate, as an auditor. Kathleen's firm provides many services including auditing services, investment consulting, and tax assistance. Kathleen is working on an audit for a company that Securate also does consulting for. Which of the following is true?
  10. Identify the trade-restraining practice that this example demonstrates. Two retailers decide that they will both sell no more than 100 premium TVs per month in order to maintain the quality image of the TVs.
  11. For the scenario below, determine the legality of the company's actions. Ioncorp sells cabinets nationwide to the furniture company Blinkorp. It makes an agreement that Blinkorp will only sell Ioncorp cabinets in its warehouses.
  12. Identify the trade-restraining practice that this example demonstrates. The CEOs of two pharmaceutical companies are having lunch. They discuss the unfair costs of ordering from a manufacturer that supplies to both companies. The CEOs decide that they will no longer work with the unfair pricing of the manufacturer.
  13. Decide the legality of the company's decision or action in the following situation: Vericorp wants to increase its profitability. It rearranges its distribution services so that it can serve customers in certain areas better, while leaving other areas where competitors are stronger unattended. The company makes no agreement with a competitor in doing so. Which of the following is true of this action?
  14. Luanicorp wants to increase its profitability. It agrees with another company, Wescorp, to divide the market so that all customers north of a state line must come to one company for services, and all customers south of the state line must go to the other. The companies will then be free to deal with their customers as they wish. Which of the following is true of this situation?
  15. Millitech is a sports equipment manufacturer. It wants to form a merger with an athletic wear company. This would be a __________ merger.
  16. For the scenario below, determine the legality of the company's actions. Lilcorp manufactures budget speaker systems for Bigcorp. It arranges an agreement wherein Bigcorp may not charge more than $300 for a speaker system.
  17. Government agencies generally have power to do all but which of the following?
  18. Identify the trade-restraining practice that this example demonstrates. Company A and Company B both work in the candy industry. They agree that Company A will only sell chocolate to Company C and Company B will only sell fruit candies to Company C.
  19. Blinkorp is selling toys to retailers across the nation. Depending on the season, the company may make its toys with either higher-cost domestic plastics or lower-cost foreign plastics. The retailers who purchase from Blinkorp complain about the different prices caused by the differently-priced materials. Which of the following is true?
  20. For the scenario below, determine the legality of the company's actions. Guncorp is selling rifles to a retailer Sportsacorp. In order for Sportsacorp to purchase a shipment of rifles, Guncorp requires that Sportsacorp also purchase a shipment of pistols.
  21. Determine which type of merger has occurred for this scenario. GrillerTech manufactures propane grills for cooking. It wants to form a merger with Tinseltech, a party favor manufacturing company. This would be a __________ merger.
  22. Flippatech is a home furnishings manufacturer. It wants to form a merger with SleepzCorp, another home furnishings manufacturer. This would be a __________ merger.
  23. Identify the trade-restraining practice that this example demonstrates. Tubifor, Inc. purchases all available imported lumber so it can resell it at a quantity and rate that it prefers.
  24. Identify the trade-restraining practice that this example demonstrates. Company A and Company B discuss average industry prices.
  25. The citizens of France, Belgium, and Finland are upset by a recent trade law enacted in the European Union which they feel negatively impacts their respective economies. In order to resolve their concerns, they would turn to:
  26. Nation A is new at developing monetary policy and lacks the expertise to develop a high-performing financial system. It would look to _______ for assistance.
  27. Determine the legality of the transaction. Tichatech is trying to pierce the global marketplace. When the CEO meets with a foreign prime minister, he offers him a vacation package to show his goodwill toward the country.
  28. Nation A has a political dispute with Nation B. The nations are at odds, but they agree to let a mediator hear the dispute. Both are members of the UN. Which group would hear and decide on the nations’ dispute?
  29. Nation A has expansive manufacturing capabilities, and, therefore, its economy focuses on selling goods to other countries. Country B buys goods from Country A but can't pay for the goods until it makes money from its own exports. It would look to _______ for assistance.
  30. Determine the legality of the transaction. KlineCorp wants to conduct business with Company B in another country. While visiting Company B, the management team of Company A offers some of the foreign employees some free products from their company.
  31. Fancorp regularly trades in securities on a national exchange. Which of the following is true concerning the company’s requirement to report to the SEC?
  32. Jewelcorp just began trading securities. The company is a loosely-held corporation that is not trading stock on a national securities exchange. It has several dozen shareholders and 49 million in assets. Which of the following is true concerning the company’s requirements to report to the SEC?

 

Week 5 Discussion Questions (and Answers)

 

Discussion Question:

(Answers Included)

Select a company with an international presence that you are familiar with or by searching the Internet. Identify the laws, treaties, acts, and government bodies (e.g. Nn, WTP, and IMF) that impact their business. Explain the impact these laws, treatis, acts, and governing bodies have on their business. differentiate it with their business in the United States.

 

Discussion Question: Disparate Treatment and Disparate Impact 

Includes 3 Full Answers!

Define the terms: Disparate Treatment and Disparate Impact. Why are these important when a company is trying to comply with the law?

 

Discussion Question: Employment at Will

Includes 3 Full Answers!

What is employment at will? What are the exceptions to employment at will, and provide an example of each.

 

Additional Discussion Questions (and Answers) that are included with Week 5 Tutorials:

  1. What is the Title VII test for religious discrimination? What is an Undue Burden?
  2. What is Disparte Impact? Provide an Example.
  3. What is a BFOQ?
  4. What is "At Will" Employment? Do you agree with the concept?
  5. What is Disparate intent? Provide an example.
  6. So, do you feel that the law should create some form of intangible work, right?
    Do courts find BFOQ's narrowly or broadly? Why?