10 May WHICH OF THE FOLLOWING IS TRUE WITH REGARD TO THE STAKES OF VARIOUS STAKEHOLDERS?
Which of the following is true with regard to the stakes of various stakeholders?Question 1 options:Government is directly linked to the organizations.Stakeholders can be economically dependent without having ownership.Local communities do not rely on the corporation for financial well-being.The value of the organization does not have a direct impact on the wealth of shareholders.The stakeholders not directly linked to the organization do not have interests in making sure that the organization works in a socially responsible manner.SaveQuestion 2 (1 point)Carl and Christine decided to open a small food joint together by investing capital and sharing the profits. However Christine chose not to participate in the day to day activities of the food joint and Carl was singularly liable to any losses that their food joint made. It can be said that a _____ was formed by Carl and Christine.Question 2 options:hot cargo agreementsole proprietorshipgeneral partnershipclosed shoplimited partnershipSaveQuestion 3 (1 point)A partnership intentionally created and recognized orally or in writing is known as a(n) _____ partnership.Question 3 options:estoppelexpressagencyapparentimpliedSaveQuestion 4 (1 point)In an adjudication:Question 4 options:the burden of proof in a civil case is generally “beyond a reasonable doubt.”the judge is not free to say that the case is unimportant and that he therefore will ignore it.evidence that is presented but legal arguments that are not made can be the basis for what the judge decides.judges can ignore cases like other branches of government that are free to ignore problems pressing upon them..an important feature is that the judge’s decision may not be reasoned..SaveQuestion 5 (1 point)A state action to dissolve a corporation is known as _____Question 5 options:forward vertical integrationinvoluntary dissolutionvoluntary dissolutionamalgamationbackward vertical integrationSaveQuestion 6 (1 point)Title VII of the Civil Rights Act of 1964:Question 6 options:outlawed discrimination in employment based on race religion sex or national origin.outlawed hot cargo treatments between an employer and a labor union from two different industries.declared the open shop type of agreements unlawful.declared the closed shop type of agreements unlawful.declared the agency shop type of agreements unlawful.SaveQuestion 7 (1 point)Intellectual properties are:Question 7 options:intangible personal property.real property.separate property.public property.community property.SaveQuestion 8 (1 point)Ending the legal existence of a corporation by unanimous written consent of its shareholders is known as _____.Question 8 options:backward vertical integrationinvoluntary dissolutionamalgamationvoluntary dissolutionforward vertical integrationSaveQuestion 9 (1 point)Which of the following statements is true of partnerships?Question 9 options:Family members cannot be partners.Partnership cannot constitute an association between other entities.Partnerships between parents and minor children are lawful.Partnerships must be created by written agreements.Partnership is limited to indirect association between human beings.SaveQuestion 10 (1 point)An employer voluntarily makes up for his or her past discrimination by hiring workers from disadvantaged classes. What is the employer’s voluntary action known as?Question 10 options:Exoneration actionEscheat actionAffirmative actionEscrow actionAbatement actionSaveQuestion 11 (1 point)The _____ clause of the Fifth Amendment ensures that the government does not take private property without just compensation.Question 11 options:due processsupremacyequal protectiontakingsSelf-IncriminationSaveQuestion 12 (1 point)Which of the following is true of an S corporation?Question 12 options:The corporation has two classes of stock: common stock and preferred stock.Any person from anywhere in the World can become a shareholder of the S corporation.It cannot have more than one hundred shareholders.It can be incorporated anywhere in the World.It is capitalized as a general partnership firm.SaveQuestion 13 (1 point)What is the meaning of quid pro quo?Question 13 options:A matter [already] judgedTo stand by decisions and not disturb the undisturbedEntities must not be multiplied beyond necessityOne thing in return for anotherThe will of a mistaken party is voidSaveQuestion 14 (1 point)Tort law deals with _____.Question 14 options:cases that involve some kind of harm between plaintiff and defendant when no contract existscases that involve dispute over illegally owned propertythe rights and duties of those who can legally own landhow ownership can be legally confirmed and protectedwhat kinds of promises courts should enforceSaveQuestion 15 (1 point)Which of the following is true about a union shop agreement?Question 15 options:A union shop agreement leaves the union membership to the employee’s discretion.This is unlawful because it requires an employer to discriminate.An employer entering into this agreement may hire a nonunion employee but all employees who are hired must then become union members.This requires employees who are members of the union before being hired to remain as members once they are hired unless they take advantage of an “escape clause.”An employer who accepts this agreement decides to hire only union members as long as the union can supply him with a sufficient number of qualified workers.SaveQuestion 16 (1 point)Which of the following is true about a free market?Question 16 options:A true free market would deal with market imperfections.The current situation of six major banks that are “too big to fail” is an example of destructive competition.The free market in actual terms consists of commerce legally constrained by what is economically desirable and by what is socially desirable as well.A true free market is a market free from any regulation.In economic systems it is unlikely for natural monopolies to occur.SaveQuestion 17 (1 point)Based on the supremacy clause the _____ holds that state and federal laws that conflict must yield to the superior law which is federal law.Question 17 options:substantive due processtakings clauseseparation of powersdoctrine of preemptiondormant commerce clauseSaveQuestion 18 (1 point)In the context of corporate finance face value is:Question 18 options:the amount that a corporation pays a bondholder at the bond’s maturity.the minimum number of shareholders needed to have a valid vote.the lawsuit brought on behalf of the corporation by a shareholder when the directors refuse to act.a situation where one person sits on the board of directors of two different companies.a doctrine holding that certain legal consequences attach to an attempt by a corporation to carry out acts that are outside its lawful powers.SaveQuestion 19 (1 point)A limited liability company:Question 19 options:insulates its owners from pass-through taxation.will necessarily offer free transferability of interests.has a decentralized management.will necessarily have a continuity of life.does not insulate the owners from conduit taxation.SaveQuestion 20 (1 point)The _____ establishes a time period generally ranging from six to twelve years after which the manufacturer is not liable for injuries caused by the productQuestion 20 options:implied warranty of fitness for particular useimplied warranty of merchantabilitystrict products liabilitystatute of reposeMagnuson-Moss ActSave
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