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Questions
Q:
Rangler contracts with Siena to buy a certain horse for her. Rangler makes a deal with Timberline Stables, the owner of the horse, and makes a down payment. Siena fails to pay the rest of the price. Timberline sues Rangler for breach of contract. His right to hold Siena liable for any damages that he has to pay is the right of
a. avoidance.
b. cooperation.
c. indemnification.
d. reimbursement.
Q:
Mona is an agent for Nationwide Restaurant Corporation (NRC). In actÂing as an agent, Mona follows all of NRC's clearly stated instructions. This responsibility arises under
a. no agent's duty.
b. the agent's duty of loyalty.
c. the agent's duty of notification.
d. the agent's duty of obedience.
Q:
Using a sexually explicit picture or screensaver to mock an employee constitutes ________.
A) gender discrimination
B) quid pro quo sex discrimination
C) sexual harassment
D) physical abuse
Q:
The responsiveness of demand to changes in income holding the goodʹs relative price constant isA) price elasticity of demand. B) income elasticity of demand.C) elasticity of supply. D) cross price elasticity of demand.
Q:
Home Development Company employs llya to buy property for a future residential development. Ilya secretly buys some of the property and sells it to Home Development at a profit. Ilya has breached
a. no duty.
b. the duty of accounting.
c. the duty of loyalty.
d. the duty of notification.
Q:
Lila Miller, who works for a large software firm, is four months pregnant and is due for a promotion. However, her employer offers the promotion to Harry Oswald, a less-experienced candidate, as Lila would go on maternity leave soon and would be unable to perform her duties. Which of the following is true of this scenario?
A) Lila's employer is liable for quid pro quo sex discrimination.
B) Lila's employer is liable for hostile work environment sex discrimination.
C) Lila's employer was lawful in denying her the promotion.
D) Lila's employer has violated Title VII of the Civil Rights Act of
Q:
In 1978, the ________, which prohibits employment discrimination because of pregnancy, childbirth, or related medical conditions, was enacted as an amendment to Title VII of the Civil Rights Act of 1964.
A) Pregnancy Discrimination Act
B) Sex Discrimination Act
C) Gender Discrimination Act
D) Sexual Harassment Act
Q:
Prospective Enterprises (PE) employs Quinn to buy property for a possible comÂmercial development. Quinn secretly buys some of the property and sells it to PE at a profit. Quinn has breached
a. no duty.
b. the duty of accounting.
c. the duty of loyalty.
d. the duty of notification.
Q:
Which of the following best describes quid pro quo sex discrimination?
A) employment discrimination because of pregnancy, childbirth, or related medical conditions
B) discrimination where sexual favors are requested in order to obtain a job or be promoted
C) discrimination in hiring or promotion based on the gender of the employee under consideration
D) selective or partial treatment offered to an employee or a group of employees based on their gender
Q:
Elle is an agent for Fine Cosmetics, Inc. Elle owes Fine Cosmetics the duty of
a. avoidance.
b. compensation.
c. indemnification.
d. performance.
Q:
Which of the following is true of sex discrimination?
A) It is not the same as gender discrimination.
B) Prohibition against sex discrimination applies only to women, not men.
C) Employment discrimination because of pregnancy is sex discrimination.
D) Sex discrimination is covered by Title II of the GINA.
Q:
If the absolute value of the price elasticity of demand for a product is greater than 1, thenA) quantity demanded is not very sensitive to price changes.B) demand is elastic.C) demand is unit-elastic. D) demand is inelastic.
Q:
Rita is appointed as an agent for Superior Sales, Inc. The agency agreeÂment is silent as to the level of sales that Rita is expected to achieve. She must
a. achieve nothing because the agreement says nothing on the issue.
b. attain the level that Rita achieved with her previous employer.
c. maintain the level Superior attained before Rita became an agent.
d. use reasonable diligence and skill in selling.
Q:
Dizzy is not Edwina's agent but enters into a contract with Frida on Edwina's behalf. Edwina later contacts Frida to approve the contract. This is
a. an agency by agreement.
b. an agency by estoppel.
c. an agency by ratification.
d. not the creation of an agency relationship.
Q:
The ________ is a federal statute enacted after the Civil War that prohibits racial and national origin employment discrimination.
Q:
Jill introduces Kelly to her friends as "my associate." Kelly purports to act as Jill's agent in several business transactions with those friends. If Jill is liable for Kelly's actions, it will be under
a. the doctrine of estoppel.
b. the equal dignity rule.
c. the fiduciary principle.
d. the good faith statute.
Q:
The Civil Rights Act of 1866 is unconcerned with discrimination based on national origin.
Q:
Louis, a certified public accountant and an investor, and Maria, an inÂsurance salesperson and a realtor, may create an agency relationship for
a. a business purpose only.
b. a legal purpose only.
c. any purpose.
d. no purpose.
Q:
There is no cap on the recovery of compensatory or punitive damages under Section 1981 of the Civil Rights Act of 1866.
Q:
A private plaintiff can bring an action for employment discrimination under Section 1981 of the Civil Rights Act of 1866 without going through the procedural requirements of Title VII of the Civil Rights Act of 1964.
Q:
The best method to reduce pollution is
A) to never start polluting.
B) to establish private property rights.
C) dependent upon the characteristics of the resources and the transaction costs.
D) dependent upon the quality of government bureaucrats and the level of greed in the society.
Q:
Eppie hires Franz to do some remodeling work in her office.
While working, Franz drops a tool on Gibby, Eppie's customer, causing an injury. Eppie is
a. liable to Gibby because he was injured on Eppie's property.
b. liable to Gibby unless Franz's act is intentional.
c. not liable because Franz is an independent contractor.
d. not liable to Gibby because Franz is Eppie's employee.
Q:
If a light-skinned member of a race refuses to hire a dark-skinned member of the same race, this constitutes racial discrimination.
Q:
Eppie hires Franz to do some remodeling work in her office.
The relationship beÂtween Eppie and Franz is
a. client and independent contractor.
b. employer and employee.
c. master and servant.
d. principal and agent.
Q:
A person having origins in any of the original peoples of the Middle East belongs to the Caucasian racial group.
Q:
Ester is a lighting technician who hires out on a per-project basis to film and television production companies, as well as theatres and other venues that stage dramatic and musical performances. In this capacity, Ester is
a. an agent.
b. an employee.
c. an independent contractor.
d. a principal.
Q:
Carol agrees with Dede and other performers to sign contracts with promoters and others on the perÂformers' behalf. Carol is
a. an agent.
b. an employee.
c. an employer.
d. a principal.
Q:
If a light-skinned member of a race refuses to hire a dark-skinned member of the same race, this will constitute discrimination in violation of ________.
A) Title I of the ADA
B) Title II of the GINA
C) Title VII of the Civil Rights Act of 1964
D) Title IV of the GINA
Q:
In insurance markets, moral hazard occurs when the behavior ofA) the insured person changes in a way that raises costs for the insurer, since the insured person no longer bears the full costs of that behavior.B) the insurer changes in a way that raises costs for the insured person, since the insurer no longer bears the full costs of that behavior.C) the insured person changes in a way that eliminates rising health care costs for the insurer, since the insured person no longer bears the full costs of that behavior.D) the insured person has an incentive to under consume medical services, simply because the insured person no longer bears the full cost of medical services.
Q:
Diego is a truck driver for Entertainment Supplies Company (ESC). Diego does exactly what ESC tells him. Diego is
a. an employee.
b. an employer.
c. an independent contractor.
d. a principal.
Q:
If a company does not hire certain employees because of their accents, it has carried out ________ discrimination.
A) genetic information
B) race
C) color
D) national origin
Q:
An agency relationship may be terminated by an act of the parties but not by operation of law.
Q:
Which of the following types of employment discrimination is carried out against a person because of his or her heritage or cultural characteristics?
A) race discrimination
B) color discrimination
C) national origin discrimination
D) genetic information discrimination
Q:
QuickMoney LLC is looking to fill its chief executive officer position, as the current CEO is retiring soon. QuickMoney receives applications for this position from many persons, including Joe Thomas, an African-American. Joe is the best-qualified applicant for the job. If QuickMoney does not hire Joe because he is an African-American, the company has engaged in ________ discrimination.
A) genetic information
B) race
C) color
D) national origin
Q:
When an agency relationship is terminated, the principal has a duty to personally notify third parties who knew of its existence.
Q:
Distinguish between disparate-treatment and disparate-impact discrimination.
Q:
A party to an agency may have the right to terminate the relationship but not the power.
Q:
The more bowed out the Lorenz curve is, theA) more equal the distribution of income. B) less equal the distribution of income.C) richer the society. D) poorer the society.
Q:
Explain the scope and provisions of Title VII of the Civil Rights Act of 1964.
Q:
An agency coupled with an interest is an agency created for the agent's benefit.
Q:
Based on his religion, an employee feels discriminated against by his employer. Who must he approach before filing a lawsuit against the employer? Describe the process.
Q:
A principal may be liable for the tort of an agent committed within the scope of the agency or employment.
Q:
________ is the federal statute that prohibits job discrimination based on the race, color, religion, sex, or national origin of the job applicant.
Q:
A principal is exposed to tort liability whenever a third person sustains a loss due to an agent's misrepresentation.
Q:
________ discrimination occurs when an employer adopts a work rule that is neutral on its face but is shown to cause an adverse impact on a protected class.
Q:
A principal who authorizes an agent to commit a tort is not liable to persons or property injured thereby.
Q:
________ discrimination occurs when an employer discriminates against a specific individual because of his or her race, color, national origin, sex, or religion.
Q:
If you want to become an actor, and you must join the Screen Actors Guild after your first job, the Screen Actors Guild is a(n)A) closed shop. B) open shop. C) agency shop. D) union shop.
Q:
A principal whose identity is known by a third party with whom an agent contracts on the principal's behalf is a disclosed principal.
Q:
A(n) ________ letter is issued by the EEOC if it chooses not to bring an action against an employer that authorizes a complainant to sue the employer for employment discrimination.
Q:
Ratification occurs when a principal accepts responsibility for an agent's unauthorized act.
Q:
The ________ Act of 2009 is a federal statute that permits a complainant to file an employment discrimination claim against an employer within 180 days of the most recent paycheck violation.
Q:
A principal whose identity is not known by a third party with whom an agent contracts on the principal's behalf is an apparent principal.
Q:
Apparent authority arises from what the principal makes clear to the agent.
Q:
The ________ is the federal administrative agency responsible for enforcing most federal antidiscrimination laws.
Q:
Which of the following would cause the labor demand curve to shift to the right?A) A decrease in demand for the product the labor is used to produceB) An increase in labor productivityC) A decrease in the price of a complimentary resourceD) All of the above
Q:
The members of the EEOC are appointed by the U.S. president.
Q:
Apparent authority usually comes into existence through a principal's pattern of conduct over time.
Q:
If an employer refuses to promote all persons of the Asian race, the company has engaged in disparate-impact discrimination.
Q:
An agent's authority to act on behalf of a principal must be actual and apparent.
Q:
Disparate-impact discrimination occurs when an employer adopts a work rule that is neutral on its face but is shown to cause an adverse impact on a protected class.
Q:
An agent has the implied authority to do what is reasonably necessary to carry out express auÂthorÂity.
Q:
Disparate-treatment discrimination occurs when an employer treats a specific individual less favorably than others because of that person's race, color, national origin, sex, or religion.
Q:
Another name for the ʺChain Store Actʺ is A) the Sherman Antitrust Act of 1890. B) the Clayton Act of 1914.C) the Federal Trade Commission Act of 1914.D) the Robinson-Patman Act of 1936
Q:
An agent's implied authority can be inferred by the position the agent occupies.
Q:
U.S. citizens employed by U.S. companies located in foreign countries are not covered by Title VII of the Civil Rights Act of 1964.
Q:
In general, for every duty of the principal, the agent has a corresponding right.
Q:
Native American tribes and tax-exempt private clubs are expressly excluded from Title VII of the Civil Rights Act of 1964.
Q:
An agent has the right to perform agency duties without interference by the principal.
Q:
Title VII of the Civil Rights Act of 1964 applies to employers with any number of employees.
Q:
Remedies of the agent for breach of duty by the principal follow normal contract and tort remedies.
Q:
Title VII of the Civil Rights Act of 1964 was intended to eliminate job discrimination based on race, color, national origin, sex, and religion.
Q:
Which type of regulation applies to all firms in the economy, as opposed to only covering specific industries?A) Economic regulation B) Social regulationC) Rate regulation D) Statutory regulation
Q:
An agent has a duty to follow all clearly stated instructions of the principal, lawful or not.
Q:
A plaintiff can file a claim against an employer within 180 days of the most recent paycheck violation.
Q:
An agent's actions must be strictly for the benefit of the principal.
Q:
Title VII of the Civil Rights Act of 1964 does not apply to labor unions.
Q:
An agent is required to notify the principal of all matters concerning the subject matter of the agency.
Q:
A complainant cannot file his or her claim of discrimination with the Fair Employment Practices Agency (FEPA) instead of the EEOC.
Q:
FirmAnnual Sales ($ million)13502200315041005756 through 3050Total925A market structure characterized by a small number of interdependent sellers is called a(n) A) monopoly. B) monopolistic competition.C) monopsony. D) oligopoly.