Business Law Final Essay

Business Law Final
1) The form of alternative dispute resolution wherein the parties hire someone to review the evidence and make a decision that is binding upon the parties is called

| A.  negotiation |
| B.  settlement conference |
| C.  conciliation |
| D.  arbitration |
| |
2) The Federal Trade Commission is an example of

| A.  a federal agency created by the federal government |
| B.  a corporation subsidized by the federal government |
| C.  a branch of the U.S. Supreme Court |
| D.  a temporary commission created by executive order that has become permanent |
| |
3) A corporation is considered a citizen of what state?

| A.  The state where the majority of the employees live |
| B.  It is not a citizen because it is a business |
| C.  The state where it filed its Articles of Incorporation |
| D.  The state where the president of the corporation lives |
| |
4) The Federal False Claims Act is also known as

| A.  the Sarbanes-Oxley Act |
| B.  the Whistleblower Statute |
| C.  the Statute of Frauds |
| D.  the Statute of Limitations |
| |
5) Utilitarianism is a moral theory, which states

| A.  ethics requires a decision-maker to take actions which result in the greatest good to society |
| B.  ethics requires following the Golden Rule (do unto others as you would have them do unto you) |
| C.  ethics requires actions which use the most efficient tools |
| D.  ethics requires acting according to the Bible or some outside source |
| |
6) Which of the following statements is true?

| A.  If something is legal, it is always ethical. |
| B.  Practices that are legal in the United States are legal everywhere in the world. |
| C.  Practices that are ethical in the United States are considered ethical everywhere else in the world. |
| D.  A course of action can be legal but not ethical. |
| |
7) If a defendant files a motion for summary judgment in a civil...