Accounting
Anthropology
Archaeology
Art History
Banking
Biology & Life Science
Business
Business Communication
Business Development
Business Ethics
Business Law
Chemistry
Communication
Computer Science
Counseling
Criminal Law
Curriculum & Instruction
Design
Earth Science
Economic
Education
Engineering
Finance
History & Theory
Humanities
Human Resource
International Business
Investments & Securities
Journalism
Law
Management
Marketing
Medicine
Medicine & Health Science
Nursing
Philosophy
Physic
Psychology
Real Estate
Science
Social Science
Sociology
Special Education
Speech
Visual Arts
Questions
Q:
If a retail food chain merged with a meat packing company, this would be an example of aA) horizontal merger. B) conglomerate merger.C) vertical merger. D) diagonal merger.
Q:
The Americans with Disabilities Act Amendments Act (ADAAA) is a federal statute that makes it illegal for an employer to discriminate against job applicants and employees based on genetic information.
Q:
A partner owes to the partnership and the other partners a duty of loyalty.
Q:
Title I forbids an employer from asking a job applicant about the existence, nature, and severity of a disability.
Q:
In a general partnership, all partners have equal rights in managing the partnership.
Q:
Title I of the ADA covers employers with three or more employees.
Q:
Under no circumstances can a non-partner be regarded as an agent whose acts are binding on the partnership.
Q:
The Americans with Disabilities Act (ADA) is a federal statute that imposes obligations on employers and providers of public transportation, telecommunications, and public accommodations to accommodate physically challenged individuals.
Q:
A monopolistic competitor is like a monopolist in the long run in that when economic profits areA) equal to zero, positive economic profits are made.B) equal to zero, economic profits are made.C) greater than zero, changes in output are due to changes to plants by existing firms and there is no entry.D) greater than zero, price exceeds marginal cost.
Q:
Withdrawal from a partnership for a term prematurely does not constitute a breach of the partnership agreement.
Q:
A(n) ________ provides that certain job preferences will be given to members of minority racial and ethnic groups, females, and other protected-class applicants when making employment decisions.
A) retaliation
B) affirmative defense
C) affirmative action plan
D) reasonable accommodation plan
Q:
A partner's profit from a partnership is taxed as income to the firm.
Q:
The ________ is a federal statute that makes it illegal for an employer to discriminate against job applicants and employees based on genetic information.
A) ADA
B) GINA
C) ADAAA
D) OWBPA
Q:
Federal law permits a partnership to be treated as an entity in suits in federal courts.
Q:
Which of the following is considered a major physiological impairment by the ADAAA?
A) undergoing mental stress
B) a history of surgery
C) nursing a temporary but contagious ailment
D) having cancer
Q:
A sharing of profits from the ownership of property creates a presumption that a partnership exists.
Q:
The ________, as amended by the Veterans' Benefits Act of 2010, is a federal statute that applies to all civilian and government employers in the United States and U.S. employers operating in foreign countries.
A) EEOC
B) FEPA
C) USERRA
D) OWBPA
Q:
Suppose that the profit maximizing level of output for the monopolist is 10 units, and price = $50, ATC = $35, and AVC = $25. What is the monopolyʹs profit?A) $50 B) $150 C) $250 D) $500
Q:
The Uniform Partnership Act governs the operation of partnerships.
Q:
Under the ________, an employer can maintain an employment practice whereby it gives preferential treatment to older workers over younger workers when they are both within the 40 years and older category.
Q:
In raising capital, a sole proprietor is limited to his or her personal fundsa personal loan is not possible.
Q:
The ________ is a federal statute that prohibits age discrimination in employee benefits.
Q:
A sole proprietor has unlimited liability for all obligations that arise in doing business.
Q:
The Age Discrimination in Employment Act (ADEA) is a federal statute that prohibits age discrimination practices against employees who are 40 years and older.
Q:
The ________ imposes obligations on employers and providers of public transportation, telecommunications, and public accommodations to accommodate physically challenged individuals.
A) ADEA
B) OWBPA
C) ADA
D) FEPA
Q:
In a perfectly competitive market, if P < MC, then
A) too little output is being produced.
B) too much output is being produced.
C) production is efficient, as the firm is earning profits.
D) the firm is paying a price for resources that is too high.
Q:
An association cannot be a partnership without an express agreement.
Q:
The ________ is a federal statute that prohibits age discrimination regarding employee benefits.
A) FEPA
B) OWBPA
C) ADEA
D) EEOC
Q:
A sole proprietorship lacks continuity on the death of the proprietor.
Q:
The ________ is a federal statute that prohibits age discrimination practices against employees who are 40 years and older.
A) FEPA
B) OWBPA
C) ADEA
D) EEOC
Q:
A sole proprietor owns the entire business but does not receive all of the profit.
Q:
The simplest form of business is a sole proprietorship.
Q:
OutputTotal Costs100$400101402102405103409104414105420106427107435Refer to the above table. If the price is $5, the maximum economic profits this firm could earn isA) $520. B) $420. C) $414. D) $106.
Q:
Distinguish between sex-plus discrimination and gender identity discrimination.
Q:
Pete's Pizza employs Quincy as a delivery driver. Pete's guarantees that an order will be delivered within thirty minutes or there is no charge, and insists that its drivers meet the limit. One night, while making a deÂlivery, Quincy is caught in a traffic jam. To deliver the pizza within the thirty-minute time limit, Quincy drives onto a sidewalk and hits Ruth, a pedesÂtrian. Is Pete's liÂable to Ruth for her injuries? Is Quincy liable to Ruth? Why or why not?
Q:
When is an employer required to prove a bona fide occupational qualification? Explain with an example.
Q:
Harbor Bay Development hires Guthrie to act as its agent to buy a 100-acre waterfront tract of land from Frankie for $1,000 per acre. Harbor Bay does not want Frankie to know that it is the principal or that Guthrie is its agent. Harbor Bay wants the land for a new marina, and believes that Frankie may not sell the land for that purpose or may demand a premium price. Guthrie makes the purchase, signing only his name on the contract as the buyer and not disclosing to Frankie the agency relationship. Harbor Bay gives Guthrie the amount to pay for the land, but Guthrie absconds with the funds. Frankie soon learns of Harbor Bay's identity. Can Frankie enforce the contract against Harbor Bay? against Guthrie?
Q:
The ________ protects both sexes from pay discrimination based on sex.
Q:
Tropical Vittles, LLC, hires Sophie to act as its agent to buy a ten-acre tract of land from Rico for $1,000 per acre. Tropical Vittles does not want Rico to know that it is the principal or that Sophie is its agent. Tropical Vittles wants the land for a new fast-food restaurant, and believes that Rico may not sell the land for that purpose or may demand a premium price. Sophie makes the purchase, signing only her name to the contract as the buyer and not disclosing to Rico the agency relationship. The transfer of the deed is to occur on May 1. Rico learns of Tropical Vittles's identity on April 15. Can Rico legally refuse to deed the property on May 1? Explain.
Q:
Discrimination based on protected classes, other than race or color, is permitted if it is shown to be a(n) ________.
Q:
If the marginal product curve is intersecting the average product curve, we know thatA) the average variable cost curve is intersecting the average total cost curve.B) the marginal cost curve is intersecting the average fixed cost curve. C) the average total cost curve lies above the marginal cost curve.D) the marginal cost curve is intersecting the average total cost curve.
Q:
Arnold is the chief executive officer of Beta Corporation. Arnold's reÂsponsibilities include decisions on product development, marketing, and other significant business directions. Arnold is subject to the approval and oversight of Beta's board of directors. Carol is a Beta manager whose duties include the firm's day-to-day hiring, firing, purchasing, and sellÂing. Dave is a Beta salesperson, whose daily activities are conÂtrolled by Carol. Erin writes technical manuals for Beta products acÂcording to Arnold's instructions and subject to Beta's control, but has no dealings with Beta customÂers or supÂpliers. Fred edits the manuals on a contract-per-manual basis and is not otherwise subject to Beta's control. Who is a principal? Who is an agent? Who is an employee? Who is an independent contractor?
Q:
Title VII prohibits any form of gender discrimination where sexual favors are requested in order to obtain a job or be promoted. This is called ________ discrimination.
Q:
The ________ is an amendment to Title VII of the Civil Rights Act of 1964 that forbids employment discrimination because of pregnancy, childbirth, or related medical conditions.
Q:
Maia hires Nero, a real estate broker, to sell her warehouse. The wareÂhouse burns down beÂfore being sold. Nero is
a. Maia's agent until Maia's insurer pays Nero's commission.
b. Maia's agent until the burnt warehouse is sold.
c. Maia's agent until the warehouse is rebuilt and sold.
d. no longer Maia's agent.
Q:
Federal workers are not covered under the Equal Pay Act.
Q:
Omar hires Petra, a real estate broker, to act as his agent to sell his land for $150,000. Oil is discovered beneath the land, causing its market value to inÂcrease considerably. The agency agreement is likely
a. still in force if Omar gives Petra additional consideration.
b. still in force if Petra does not tell prospective customers.
c. terminated by mutual consent of the parties.
d. terminated by operation of law.
Q:
Under Title VII of the Civil Rights Act of 1964, the right of an employee to practice his or her religion is absolute.
Q:
Chelsea, an agent for Bountiful Seafood, Inc., has often done business with Alvin's Dockside Diner on Bountiful's behalf. When Chelsea and Bountiful terminate their agency, to avoid liability for later deals, Alvin's must be noÂtified by
a. Chelsea and Bountiful.
b. Chelsea only.
c. Bountiful only.
d. no one.
Q:
Changes in production functions are associated with changes inA) the level of output. B) demand.C) the levels of costs. D) technology.
Q:
Picabo drives a truck as an employee for Quik Delivery, Inc. Picabo would most likely be considered acting outside the scope of her employment if she
a. crashed into a car at the airport while off duty.
b. hit a pedestrian in a parking lot during a "working" lunch.
c. ran over an attendant at a gas station while refueling the truck.
d. smashed into a store-front while intoxicated on-duty.
Q:
If an employer denies a salary increase to an employee because she is a woman, the employer is liable for sexual harassment.
Q:
Denying employment to a woman because she is pregnant is a form of quid pro quo sex discrimination.
Q:
Fabulous Auto Sales, Inc., employs GR8 Collection Company as a collection agent. While repossessing a car from Hadji, one of Fabulous's customers, GR8 causes an accident in which Hadji is injured. Hadji can recover from
a. Fabulous only.
b. Fabulous or GR8.
c. GR8 only.
d. Hadji's insurance company only.
Q:
Discrimination because of pregnancy, childbirth, or related medical conditions violates the Civil Rights Act of 1866.
Q:
BizOnline.com uses an electronic agent, or e-agent, to perform certain tasks in e-commerce. With respect to the e-agent's actions, BizOnline.com is bound by
a. all of the actions.
b. only those actions of which BizOnline.com is aware.
c. only those actions that BizOnline.com does not refute.
d. only those actions that BizOnine.com ratifies.
Q:
Jock hires Kym to act as his agent to purchase Lifetime Gym & Fitness, Inc. Jock tells Kym to reveal that she is buying the firm on behalf of a third party and to tell the seller who that third party is. Jock is
a. a disclosed principal.
b. an apparent principal.
c. an undisclosed principal.
d. an identified principal.
Q:
Sex-plus discrimination occurs when an employer does not discriminate against a class as a whole but treats a subset of the class differently.
Q:
Suppose that the implicit cost for a business was $1,000 and the explicit cost was $5,000 and that the firm sold 1,000 units of its products at $6 per item. We can conclude that the firmʹsA) accounting profit was $6,000, and its economic profit was $0. B) accounting and economic profits were both $0.C) accounting profit was $1,000, and economic profit cannot be determined. D) accounting profit was $1,000, and economic profit was $0.
Q:
Elin, an agent for First Credit Corporation (FC), enters into an unauÂthorized contract with Great Expectations, Inc. (GE), purportedly on FC's behalf. This contract will be enforceable if it is ratified by
a. any third party.
b. Elin.
c. FC.
d. GE.
Q:
If an employer refuses to promote a qualified female to a management position because of her gender, this would be in violation of Title VII of the Civil Rights Act of 1964.
Q:
An employer pays higher wages to Shelly–who has worked with the company for six years–than Samuel, who holds a similar position to Shelly and performs the same functions as her, and has worked with the company for only five and a half years. Which of the following is true of this case, assuming that the employer recognizes seniority in its compensation system?
A) The employer has violated the Fair Employment Practices Act.
B) The employer is liable for disparate-treatment discrimination.
C) The employer is liable for disparate-impact discrimination.
D) The employer has not violated the Equal Pay Act.
Q:
Meals n" More, Inc., a catering company, requires its customers to pay by check. Lyra, a Meals n" More driver, tells customers that they can pay her with cash. When Meals n" More learns of Lyra's collections, it takes no action to stop it. Lyra steals some of the cash. Meals n" More may suffer the loss under the docÂtrine of
a. apparent authority.
b. express authority.
c. implied authority.
d. no authority.
Q:
Geoff serves in a representative capacity for Huck. To accomplish the objectives of this relationship, Geoff's authority can be implied
a. by contradiction.
b. by custom.
c. by lack of reason.
d. under no circumstances.
Q:
Which of the following is true of the Equal Pay Act?
A) It protects both sexes from pay discrimination based on gender.
B) Federal workers are covered under the Equal Pay Act.
C) Employees cannot bring a private cause of action against an employer for violating the Equal Pay Act.
D) An employer who has violated the Equal Pay Act must lower the wages of employees whose wages had been increased.
Q:
Use the above figure. When the budget line rotates from ʺbʺ to ʺcʺA) fewer units of J and fewer units of K will be purchased. B) more units of J and more units of K will be purchased. C) fewer units of J and more units of K will be purchased. D) more units of J and fewer units of K will be purchased.
Q:
Based on Bluto's conduct, Cass reasonably believes that Dee has the authority to act on Bluto's behalf even though Dee does not have the actual authority to do so. Bluto has
a. apparent authority.
b. equal authority.
c. express authority.
d. implied authority.
Q:
________ protects both sexes from pay discrimination based on sex.
A) The Lilly Ledbetter Fair Pay Act
B) The Fair Employment Practices Act
C) Title VII of the Civil Rights Act of 1964
D) The Equal Pay Act
Q:
Why is proving a bona fide occupational qualification essential?
A) for justifying discrimination based on gender
B) to establish the employer's violation of Title VII of the Civil Rights Act of 1964
C) to establish that the employee's claim is fraudulent
D) for an employee to successfully claim being discriminated against by the employer
Q:
Cory employs Daily Delivery Agency as an agent under a writÂten agreement that describes the rights and duties of both parties. This is
a. apparent authority.
b. equal authority.
c. express authority.
d. implied authority.
Q:
Homer is an officer of Integrity Corporation. With respect to binding Integrity to contracts, Homer's authority
a. may be actual or apparent.
b. must be actual and apparent.
c. must be actual and not apparent.
d. cannot be actual or apparent.
Q:
Which of the following is true of religious discrimination?
A) Only monotheistic religions are covered under Title VII of the Civil Rights Act of 1964.
B) Employers need not accommodate religious observances or practices of their employees at the workplace.
C) An employee who claims religious discrimination cannot sue the employer for any other violation of Title VII.
D) Religious organizations can give preference in employment to individuals of a particular religion.
Q:
Neighborly Insurance Company and Ollie put their agency agreement into a written document that describes the rights and duties of both parties. Ollie, as the agent, has
a. apparent authority.
b. equal authority.
c. express authority.
d. implied authority.
Q:
Jason Smith, a Hispanic scriptwriter from Brazil, worked for a television show on an American cable network. He was fired after the producer learned that Smith was a Scientologist by faith. The producer's official reason for this termination was that as Smith was based in Brazil, communication was a problem. This is an example of ________ discrimination that violates Title VII of the Civil Rights Act of 1964.
A) racial
B) religious
C) national origin
D) disparate-impact
Q:
The price of good ʺaʺ is $5 and the price of good ʺbʺ is $15. If the marginal utility of good ʺaʺ is 20 then the marginal utility of good ʺbʺ must be to have an optimum combination of goods purchased.A) 4 B) 20 C) 60 D) 80
Q:
Which of the following is true of sexual harassment?
A) Same-sex harassment is not covered under Title VII.
B) An employee being harassed at the workplace is not obligated to report it to the employer.
C) Sending offensive e-mail is considered sexual harassment.
D) Absence of a complaint policy makes an employer liable for disparate-impact discrimination.
Q:
National Computer Corporation (NCC) employs Cynthia as an agent. NCC gives her an exclusive territory in which to sell NCC products. NCC cannot compete with her in that territory under the duty of
a. compensation.
b. cooperation.
c. indemnification.
d. reimbursement.
Q:
Glen is an agent for Hi-Flite, Inc. On Hi-Flite's behalf and at its request, Glen pays Ian for certain plane maintenance and repair servÂices. Glen's right to obtain the amount of those payments from Hi-Flite arises under the principal's duty of
a. avoidance.
b. cooperation.
c. indemnification.
d. reimbursement.
Q:
Which of the following elements constitutes an affirmative defense by an employer whose employee has suffered sexual harassment at the workplace?
A) The plaintiff-employee was harassed by other employees who are no longer employed by the employer.
B) The employer had no knowledge about the sexual harassment faced by the plaintiff-employee until a court notice was served on the employer.
C) The plaintiff-employee failed to take advantage of any preventive or corrective opportunities provided by the employer.
D) The plaintiff-employee misinterpreted words or actions by the employer or his employees which were not intended to cause sexual harassment.
Q:
The U.S. Supreme Court has held that sexual harassment that creates a hostile work environment violates ________.
A) Title VII of the Civil Rights Act of 1964
B) the Fair Employment Practices Act
C) Title II of the GINA
D) Title I of the ADA