Professional Documents
Culture Documents
The Federal Trade Commission Act is solely administered by which of the following?
Question 2 options:
U.S. State Department
U.S. Customs and Border Protection
U.S. Department of Labor
Federal Trade Commission
Question 3 (10 points)
All 50 states of the United States have adopted the Uniform Commercial Code.
Question 4 options:
False
True
Question 5 (10 points)
Your thumb
Nike's swoosh
ABC wholesale club added toys to its product offerings. To reduce ABC's effectiveness as a
competitor, TTOY large box store toy retailer communicated with all the toy manufacturers
that supplied both ABC and TTOY, and induced many of these suppliers to agree -- with
TTY and each other -- that they either would not sell to ABC at all, or would sell to ABC on
disadvantageous terms and conditions.
BASED ON THESE FACTS, PROVIDE THE CORRECT MISSING TERM IN THE
FOLLOWING:
The TTOY/suppliers' arrangement is called a ____________ under the antitrust laws.
Question 6 options:
group boycott
price fixing
bid rigging
conspiracy
an implied warranty
an indirect promise
an express warranty
Match each the following steps in the litigation process with its best description or example
Question 11 options:
Complaint
Bench trial
Mediation
Discovery
1. Deposition
2. Judge decides
3. Starts the litigation
4. Alternate dispute resolution
5. Defenses raised
Debtors who want to repay their debts but need protection from creditors can seek the
bankruptcy court's approval of a payment plan under which of the following bankruptcy
provisions?
Question 1 options:
Chapter 7
Chapter 15
Chapter 13
Chapter 11
Question 2 (5 points)
Common law refers to unwritten laws that are handed down through court decisions.
Question 2 options:
True
False
Question 3 (5 points)
When answering a complaint the defendant can do all of the following except:
Question 3 options:
deny the allegations set forth in the complaint
admit to the allegations set forth in the complaint
list defenses
declare judgment
Question 4 (5 points)
Intellectual property (IP) is a vital part of the U.S. economy. Which of the following are some of
the reasons why?
Question 4 options:
The U.S. economy has become more industrial based with over 40 million Americans working
in IP-intensive industries. These individuals earn average salaries of over $60,000 while their
counterparts in non-IP industries earn average salaries of less than $35,000.
The U.S. economy has become more knowledge based with over 40 million Americans working
in IP-intensive industries. These individuals earn average salaries of over $50,000 while their
counterparts in non-IP industries earn average salaries of less than $40,000.
The U.S. economy has become more industrial based with over 50 million Americans working
in IP-intensive industries. These individuals earn average salaries of over $50,000 while their
counterparts in non-IP industries earn average salaries of less than $40,000.
The U.S. economy has become more knowledge based with over 50 million Americans
working in IP-intensive industries. These individuals earn average salaries of over $60,000
while their counterparts in non-IP industries earn average salaries of less than $35,000.
Question 5 (5 points)
Question 5 options:
True
False
Question 6 (5 points)
Question 7 options:
Interlocking directorates occur when the same individual makes business decisions for
companies that compete against one another.
Interlocking directorates occur when a company buys most, and possibly all, of the stock in a
target company in an effort to gain control of the target company.
Interlocking directorates occur when a sector in the market contains a single business with
total control, or close to total control, of the sector.
Interlocking directorates occur when a business deal unites two existing companies to form
one new company.
Question 8 (5 points)
Federal statute that "bans unfair methods of competition and unfair or deceptive acts or
practices."
Question 10 options:
Sarbanes Oxley Act
Federal Trade Commission Act
World Treaty Exchange Act for Fair Trade of 2001
False Communications Act of 1990
Question 11 (5 points)
A business or individual may be able to reorganize and continue operations under which of
the following bankruptcy provisions?
Question 11 options:
Chapter 11
Chapter 7
Chapter 13
Chapter 12
Question 12 (5 points)
The federal statute which outlaws every contract, combination, or conspiracy in restraint of
trade, and any monopolization, attempted monopolization, or conspiracy or combination to
monopolize
Question 12 options:
Dodd Franks Act
Sherman Antitrust Act
Fair Labor Standards Act
Briggs Noon Monopoly Prohibition Act
Question 13 (5 points)
Question 13 options:
copyright registration
arbitration
filing a patent
nondisclosure agreement
In a Chapter 7 bankruptcy proceeding, debts owed are are settled and paid according to an
order of priority. A Debtor who has filed a Chapter 7 proceeding has the following categories of
debt. Number the order in which these will paid out of the Debtor's assets, beginning with "1"
being the type of debt paid first.
Question 14 options:
Costs incurred for bankruptcy case
Federal and state taxes.
Business expenses incurred after bankruptcy case filed
Secured loans
3. Wages,
salaries, or
commissions
owed (up to
$2,000 per
creditor)
Question 15 (5 points)
Sale of land
Match each of the following contract principles with its descriptive term:
Question 16 options:
capacity
consideration
mutuality
agreement
1. of legal age
2. both parties must agree
3. bargained-for exchange
4. concord of understanding and intent
Question 17 (5 points)
In Association for Molecular Pathology v. Myriad Genetics, (2013), the U.S. Supreme Court
addressed the legal issue of:
Question 17 options:
whether human genes can be subjected to scientific research
For the following question, write an essay response. You must include APA7th ed.
formatted sources in support of your essay in text and full references at the end to
receive credit for your answer. Further -- you must use Required Readings to receive
full credit.
ESSAY QUESTION
YOUR ESSAY IS BASED ON THESE FACTS: George and Sophia are entrepreneurs
who together own a limited liability company, SOPhiGEo, LLC. They are inventors
and have invented a widget that can be plugged into a mobile phone or personal
computer to detect unsolicited third party access of camera and/or audio recording
features on the equipment and block it with a repeating loop of nonsense gibberish
that can be stopped only by the widget's primary user. This widget has a proprietary
design and operating code. SOPhiGEo is calling it "LoktYU."
ESSAY: Write an essay providing the following:
Identify and define the three types of intellectual property (IP) that SOPhiGEo needs
to put in place to protect its interest in LoktYU. Be specific as to which aspect(s) of
the invention will be protected by each type of IP. Further, explain how each type of
IP is obtained and maintained, and how long the protection of each lasts.
Question 18 options:
Skip Toolbars for .
List the four (4) conditions for a negotiable instrument to be valid under under the Uniform
Commercial Code (UCC).
Remember to provide the APA citation for the source for your answer.
Student
Name __________________________ Date ________________________________
3. (5 pts) Ethical framework that company could have used to lead to a different
result.
• Identify and briefly define the ethical framework you will discuss in your
Research Paper as an alternative to Milton Friedman's free market ethics. (See
Weeks 5 and 6 Lessons and Required Readings.)
4. (15 pts) Additional legal topics. (See Week 7 Instructions.)
• List the three (3) additional legal topics you will discuss in your Research
Paper with respect to your selected company. Remember, none of these should
relate to ethics, antitrust, or consumer protection issues. Be specific. Simply
stating "torts," for example, does not define a topic. Which type of tort?
• For each topic cite here at least one supporting source from your References
list below.
Starting on the next page under the heading, References, list in an APA7
formatted citations list, at least seven (7) credible sources you will use in support
of your Week 7 Research Paper. Use APA7th ed. Guidelines. This is the same as the
Reference list at the end of an APA paper.
Your References must include the following. (These can overlap. For example, a Required
Reading source might also be your ethical theory source; a Library source might cover a legal
topic. And so forth.)
• At least two (2) sources from the Required Readings in the course Lessons;
• At least one (1) source in support of your ethical theory described in no. 3
above;
• At least one (1) source for each of the three additional legal topics you listed in
no. 4 above;
• At least two (2) scholarly sources from the Library.
Employers are explicitly prohibited from making pre-offer inquiries about disability.
Question 1 options:
True
False
Question 2 (10 points)
victim
the HR department
reasonable person
The ethical framework that assumes that people are deeply connected to one another in webs
of relationships, and that ethical decisions cannot be made outside the context of those
relationships is known as:
Question 3 options:
Free Market Ethics
Ethic of Care
Deontology
Virtue Ethics
Question 4 (10 points)
Deontology
Virtue ethics
Situational ethics
1. Aristotle
2. Kant
Utilitarianism
3. Bentham
4. Fletcher
Deontology – Kant,
Virtue ethics – Aristotle,
Situational ethics- Fletcher,
Utilitarianism - Bentham
Hedonism
Deontology
Ethical Relativism
Under the workplace harassment laws, the victim does not have to be the person harassed, but
can be anyone affected by the offensive conduct.
Question 9 options:
True
False
Question 10 (25 points)
Virtue ethics
Egoism
Free market ethics
Utilitarianism
Rehabilitation Act
Fair Labor Standards Act
Lilly Ledbetter Fair Pay
Equal Pay Act
Paycheck Fairness Act
Question 2 (20 points)
Question 3 (5 points)
Joe files a lawsuit against Bob. Bob is served with a copy of the complaint. Bob puts the
complaint in a drawer and ignores it for six months. Which of the following is the most likely
outcome?
Question 3 options:
True
False
Question 5 (20 points)
Match each of the following contract principles with its descriptive term:
Question 5 options:
mutuality
capacity
agreement
Answer
Question 6 (5 points)
Jimmy is 16 and enters a contract to purchase a car. The terms of the sale are "as is" and no
returns. Jimmy drives the car home and then decides he does not want to keep the car. He
returns it to the seller. Jimmy will be allowed to return the car.
Question 6 options:
True
False
Question 7 (20 points)
situational ethics
virtue ethics
deontology
Answer
Question 8 (5 points)
The Sarbanes-Oxley Act of 2002 (SOX) requires organizations to establish internal controls. What
is internal control and what are some of its objectives?
Question 8 options:
Internal control can be defined as the process that allows the courts to lift, or pierce, the
corporate veil if they determine that a company is the alter ego of its owners. This helps
discourage employees from committing errors, fraud, and theft and helps ensure that
accounting information is accurate and complete.
Internal control can be defined as the process of separating the personality of a corporation
from the personalities of its shareholders to help discourage employees from committing
errors, fraud, and theft and to ensure that accounting information is accurate and complete.
Match each of the following remedies for breach of contract with the phrase that fits it best:
Question 9 options:
rescission
reformation
specific performance
ANSWER
Question 10 (5 points)
"Within the confines of law and ethics" is an important qualifier in which ethical framework
Question 10 options:
Shareholder Theory
Deontology
Utilitarianism
Kantian Ethics
Question 11 (5 points)
Hannah and Hugo have entered into a contract, but Hannah is unhappy and is suing Hugo for
breach of contract. She argues that the contract includes a mistake, and Hugo knew about the
mistake but failed to point it out before they signed the contract. What type of mistake is
Hannah claiming?
Question 11 options:
Fraudulent
Unilateral
Mutual
Voidable
Question 12 (5 points)
Agnes works for STARQUEST LTD in the IT department. Her supervisor is Morges. Agnes
is very good at her job and Morges fears threatened by her. Over a period of several months
he routinely criticizes her work and withholds information from her that she should have to
do her job. Then he sends her emails telling her she has missed deadlines and committed
other errors. Agnes tries to defend herself but this only angers Morges. The last straw for
Agnes was Morges telling her she would be better off at home "taking care of her husband."
Agnes complains to HR about Morges' conduct.
QUESTION: Morges' conduct likely qualifies as which of the following?
Question 12 options:
Agnes works for STARQUEST LTD in the IT department. Her supervisor is Morges. Agnes
is very good at her job and Morges fears threatened by her. Over a period of several months
he routinely criticizes her work and withholds information from her that she should have to
do her job. Then he sends her emails telling her she has missed deadlines and committed
other errors. Agnes tries to defend herself but this only angers Morges. The last straw for
Agnes was Morges telling her she would be better off at home "taking care of her husband."
Agnes complains to HR about Morges' conduct.
QUESTION: STARQUEST LTD could be liable to Agnes for Morges' conduct under which
of the following doctrines?
Question 13 options:
parens patriae
fairness doctrine
respondeat superior