1\t“\ufffdWhich of the following statements is true of a grand jury?\t\u00a0\t“\ufffdA grand jury has the authority to subpoena business records relevant to a lawsuit.\t\u00a0\t“\ufffdA grand jury determines whether the accused in a lawsuit is innocent or guilty.\t\u00a0\t“\ufffdAt least 20 members should be present on a grand jury to examine evidences and vote on a case.\t\u00a0\t“\ufffdFor an indictment to be returned, only one-third of a grand jury needs to agree that a crime has been committed.\t\u00a0\t2\tAlan and Miriam are engaged in a debate on the importance of intellectual property rights. While Alan holds the view that intellectual property protection safeguards the interests of businesses, Miriam thinks that it ultimately puts businesses at a disadvantage by hampering the dissemination of information. Which of the following arguments is most likely to be raised by Alan to strengthen his proposition?”\ufffd\t\u00a0\t“\ufffdIntellectual property rights reduce the pace of research and development drastically.\t\u00a0\t“\ufffdIntellectual property rights result in an increased availability of products.\t\u00a0\t“\ufffdIntellectual property rights reduce businesses’ market share by facilitating competition.\t\u00a0\t“\ufffdIntellectual property rights allow businesses to charge premium prices for their products.\t3\t“\ufffdAccording to the __________, the acceptance of an offer results in a binding contract only if it exactly matches the terms of the offer.\t\u00a0\t“\ufffdmirror image rule\t\u00a0\t“\ufffdparol evidence rule\t\u00a0\t“\ufffdexclusive remedy rule\t\u00a0\t“\ufffdmailbox rule\t4\tThe __________ enacted in 1938 established minimum wage, overtime pay, and record-keeping requirements.”\ufffd\t\u00a0\t“\ufffdUniformed Services Employment and Reemployment Rights Act\t\u00a0\t“\ufffdFamily and Medical Leave Act\t\u00a0\t“\ufffdFair Labor Standards Act\t\u00a0\t“\ufffdWorker Adjustment and Retraining Notification Act\t5\tThe term __________ refers to the placing of an individual in immediate apprehension for his or her physical safety.”\ufffd\t\u00a0\t“\ufffddefamation\t\u00a0\t“\ufffdconversion\t\u00a0\t“\ufffdassault\t\u00a0\t“\ufffdbattery\t6\tThe term __________ refers to any change in the ownership of a business organization that would alter its legal existence.”\ufffd\t\u00a0\t“\ufffddissolution\t\u00a0\t“\ufffdconsideration\t\u00a0\t“\ufffdrescission\t\u00a0\t“\ufffdconversion\t7\tWhich of the following statements is true of the Securities and Exchange Commission?”\ufffd\t\u00a0\t“\ufffdIts members are appointed by the senate for a term of four years.\t\u00a0\t“\ufffdIt is responsible for implementing the federal securities laws.\t\u00a0\t“\ufffdIt lacks the authority to frame rules regarding transactions of securities.\t\u00a0\t“\ufffdIts members are either lawyers or security analysts.\t8\tA system of equally applied law is a necessity for the foundation of a strong, productive economy because it:”\ufffd\t\u00a0\t“\ufffdallows economically strong nations to exploit the resources of weaker nations.\t\u00a0\t“\ufffdincentivizes private businesses to restrict job opportunities for well-educated people.\t\u00a0\t“\ufffdencourages strangers to make agreements on certainty and trust.\t\u00a0\t“\ufffdprohibits individuals from trading in modern private markets.\t9\t“\ufffdWhich of the following scenarios illustrates a formalist approach to business decisions?\t\u00a0\t“\ufffdSelling products by deceiving customers about possible negative aspects of the products\t\u00a0\t“\ufffdMonitoring employee browsing history without their consent to curb non-productive activities\t\u00a0\t“\ufffdInforming new customers about delays in production schedules\t\u00a0\t“\ufffdAssigning significantly high productivity targets to reduce costs\t10\tA(n) __________ refers to the individual or business entity offering a security for sale to the public.”\ufffd\t\u00a0\t“\ufffdcontrolling person\t\u00a0\t“\ufffdseller\t\u00a0\t“\ufffdissuer\t\u00a0\t“\ufffdunderwriter\t11\t“\ufffdWindy and Ruby plan to present a paper on intellectual property rights. They decide that Windy will present the arguments in favor of intellectual property rights and that Ruby will argue how intellectual property rights could be detrimental to businesses and their customers. Which of the following is most likely to be Ruby’s argument?\t\u00a0\t“\ufffdIntellectual property rights reduce businesses’ prospects of economic return on investment.\t\u00a0\t“\ufffdIntellectual property rights reduce the pace of research and development drastically.\t\u00a0\t“\ufffdIntellectual property rights result in a decrease in the availability of products.\t\u00a0\t“\ufffdIntellectual property rights do not allow businesses to charge premium prices for their products.\t12\tWhich of the following statements is true of white-collar crimes?”\ufffd\t\u00a0\t“\ufffdThey are usually committed for personal financial gain.\t\u00a0\t“\ufffdThey rarely affect consumers of a business.\t\u00a0\t“\ufffdThey rarely occur in business environments.\t\u00a0\t“\ufffdThey are dependent on the threat of physical force.\t13\t“\ufffdWhich of the following scenarios illustrates a bilateral contract?\t\u00a0\t“\ufffdGrapevine Inc. follows a five-day workweek system and also offers a compressed workweek option.\t\u00a0\t“\ufffdSameera, a writer, signs a contract with her publisher to publish her book.\t\u00a0\t“\ufffdHelen, a painter, signs a contract with an art gallery that agrees to purchase her painting for $2000.\t\u00a0\t“\ufffdThe management of Uno Inc. offers additional benefits to its employees annually.\tquestion14\tThe Equal Employment Opportunity Commission was created through the __________.”\ufffd\t\u00a0\t“\ufffdNational Labor Relations Act\t\u00a0\t“\ufffdCivil Rights Act\t\u00a0\t“\ufffdAge Discrimination in Employment Act\t\u00a0\t“\ufffdAmericans with Disabilities Act\t15\tConcerted efforts to lobby government officials, irrespective of their anticompetitive purposes, are given an exception from the Sherman Act under the __________.”\ufffd\t\u00a0\t“\ufffdoverbreadth doctrine\t\u00a0\t“\ufffdColgate doctrine\t\u00a0\t“\ufffdNoerr-Pennington doctrine\t\u00a0\t“\ufffdincorporation doctrine\u00a0\t16\t“\ufffdA __________ is the simplest and least expensive business institution to create.\t\u00a0\t“\ufffdlimited liability company\t\u00a0\t“\ufffdpartnership\t\u00a0\t“\ufffdsole proprietorship\t\u00a0\t“\ufffdcorporation\t17\tIn a state court system, lawsuits filed by parties typically begin at the __________.”\ufffd\t\u00a0\t“\ufffdfederal district court level\t\u00a0\t“\ufffdappellate court level\t\u00a0\t“\ufffdtrial court level\t\u00a0\t“\ufffdsupreme court level\t18\tAccording to the Commerce Clause, the power to regulate interstate commerce is vested with __________.”\ufffd\t\u00a0\t“\ufffdstate governments\t\u00a0\t“\ufffdstate-level courts\t\u00a0\t“\ufffdthe federal government\t\u00a0\t“\ufffdthe U.S. Supreme Court\t19\tA business decision maker’s decision is more likely to raise ethical concerns in a society where:”\ufffd\t\u00a0\t“\ufffdthere is an increase in demand for public education.\t\u00a0\t“\ufffdthe family structure is stable.\t\u00a0\t“\ufffdthe news media and the Internet have significant influence.\t\u00a0\t“\ufffdthere is a decrease in economic interdependence.\t20\t“\ufffdHow does law hold diverse people of different backgrounds into large, organized groups?\t\u00a0\t“\ufffdIt prevents enforcement institutions from enforcing written rules on strangers.\t\u00a0\t“\ufffdIt tells the members of a society what they can and cannot do.\t\u00a0\t“\ufffdIt discourages people from making agreements based on certainty and trust.\t\u00a0\t“\ufffdIt allows strangers to adopt rules that support their beliefs.\t21\tCourts determine whether the language of an offer was clear enough to result in a contract by:”\ufffd\t\u00a0\t“\ufffdexamining the objective intent of the offeror.\t\u00a0\t“\ufffdinvestigating whether an offeree actually accepted the offer.\t\u00a0\t“\ufffdexamining the adequacy of the consideration offered.\t\u00a0\t“\ufffdanalyzing whether the terms of the acceptance matches the terms of the offer.\t22\t“\ufffdWho among the following individuals commits a battery?\t\u00a0\t“\ufffdAmanda, who fires her employee Trevor without any notice and causes him severe mental distress\t\u00a0\t“\ufffdYuki, who injures her boss Reese with a knife and inflicts serious injuries on him\t\u00a0\t“\ufffdJoan, the customer care manager in a retail store, who verbally threatens a customer who calls to complain about a faulty product\t\u00a0\t“\ufffdVincent, the CEO of Gregon Inc., who pays media firms to circulate false information about Gregon’s chief competitor\t23\tFuzo Inc., a manufacturer of leather bags, enters into a contract with a firm regarding the installation of a machine in Fuzo’s factory. Fuzo agrees to pay $1000 for the machine and another $200 as the installation charge. In this scenario, the terms of the sale will be covered under __________.”\ufffd\t\u00a0\t“\ufffdthe Federal Arbitration Act\t\u00a0\t“\ufffdthe Uniform Commercial Code\t\u00a0\t“\ufffdthe Foreign Corrupt Practices Act\t\u00a0\t“\ufffdthe Internal Revenue Code\t24\tThe term __________ refers to the act of referring a matter to arbitration.”\ufffd\t\u00a0\t“\ufffdsubmission\t\u00a0\t“\ufffdsettlement\t\u00a0\t“\ufffdlitigation\t\u00a0\t“\ufffdconflict\t25\t__________ is a legal remedy to a breach of contract by which each party to the contract returns the consideration offered by the other.”\ufffd\t\u00a0\t“\ufffdArbitration\t\u00a0\t“\ufffdSpecific performance\t\u00a0\t“\ufffdNegotiated settlement\t\u00a0\t“\ufffdRescission\t26\t“\ufffdWhich of the following statements is true of alternative dispute resolution (ADR) systems?\t\u00a0\t“\ufffdADR systems increase the costs incurred during the litigation process.\t\u00a0\t“\ufffdThe parties to a dispute need not present the case to a jury before opting for ADR systems to settle the dispute.\t\u00a0\t“\ufffdADR systems cannot be used for dispute resolution in contractual relationships unless they are specified in the contract.\t\u00a0\t“\ufffdThe litigation process precludes the use of ADR systems.\t27\tThe __________ is the constitutional provision that details the federal government’s power to regulate business activities.”\ufffd\t\u00a0\t“\ufffdCommerce Clause\t\u00a0\t“\ufffdliquidated damages clause\t\u00a0\t“\ufffdequal protection clause\t\u00a0\t“\ufffdsupremacy clause\tquestion\t28\tWhich of the following legal remedies to a breach of contract allows the parties to the contract to agree to abide by the decision of a third party or parties?”\ufffd\t\u00a0\t“\ufffdArbitration\t\u00a0\t“\ufffdSpecific performance\t\u00a0\t“\ufffdNegotiated settlement\t\u00a0\t“\ufffdRescission\t29\t__________ refers to an agreement made between competitors in an industry to fix prices of their products.”\ufffd\t\u00a0\t“\ufffdHorizontal price fixing\u00a0\t\u00a0\t“\ufffdResale price fixing\t\u00a0\t“\ufffdIndirect price fixing\t\u00a0\t“\ufffdVertical price fixing\t30\tThe petition for a\u00a0writ of certiorari\u00a0by the losing party of a litigation will be reviewed by the U.S. Supreme Court:”\ufffd\t\u00a0\t“\ufffdif the winning party agrees to subsequent reviews.\t\u00a0\t“\ufffdif the federal district courts and the courts of appeal correct the judicial errors charged against the state court.\t\u00a0\t“\ufffdif at least one of the nine justices vote to take the case.\t\u00a0\t“\ufffdif there is a major conflict between the trial and appellate courts on the interpretation of federal law.<\/p>\n","protected":false},"excerpt":{"rendered":"
1 “\ufffdWhich of the following statements is true of a grand jury? \u00a0 “\ufffdA grand jury has the authority to subpoena business records relevant to a lawsuit. \u00a0 “\ufffdA grand jury determines whether the accused in a lawsuit is innocent Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-216236","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/216236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=216236"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/216236\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=216236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=216236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=216236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}