Question 1

Like other online businesses, Amazing.com collects and retains its customers' account numbers and other personal information. Keeping this data private will most likely

Accepted Answer

A)  ​protect against liability for wrongful disclosure or misuse. 
B)  ​comply with federal and state laws that also cover offline businesses. 
C)  ​meet the standards of foreign countries' privacy laws. 
D)  ​all of the choices. 
A)  ​protect against liability for wrongful disclosure or misuse. 
B)  ​comply with federal and state laws that also cover offline businesses. 
C)  ​meet the standards of foreign countries' privacy laws. 
D)  ​all of the choices. D

Question 2

Park Electronics Ltd., a consumer products company, was established, and is based, in Korea. Park bribes Filipino government officials to obtain favorable contracts. The U.S. Securities and Exchange Commission charges Park with violations of the Foreign Corrupt Practices Act. The firm

Accepted Answer

A)  ​may be liable if it knew such acts violated U.S. law. 
B)  ​may be liable if its stock is traded on American stock exchanges. 
C)  ​is not liable because it is not a U.S. firm. 
D)  ​is not liable because the alleged violations did not occur in the U.S. 
A)  ​may be liable if it knew such acts violated U.S. law. 
B)  ​may be liable if its stock is traded on American stock exchanges. 
C)  ​is not liable because it is not a U.S. firm. 
D)  ​is not liable because the alleged violations did not occur in the U.S. B

Question 3

Beth starts Checklist to market a new app. Valley Credit Union loans $30,000 to Beth for the project. Later, the debt is most likely to be discharged in bankruptcy

Accepted Answer

A)  ​if Beth provides a complete, accurate record of business transactions. 
B)  ​if the loan is not subject to an agreement that imposes personal liability. 
C)  ​if Beth's business is a sole proprietorship. 
D)  ​under no circumstances. 
A)  ​if Beth provides a complete, accurate record of business transactions. 
B)  ​if the loan is not subject to an agreement that imposes personal liability. 
C)  ​if Beth's business is a sole proprietorship. 
D)  ​under no circumstances. A

Question 4

Outlier Inc. hosts client accounts in servers located in foreign countries. The U.S. government issues a warrant to obtain e-mails related to a drug case from one of those accounts. Outlier refuses to comply. On the government's appeal, it is most likely that a court will

Accepted Answer

A)  ​order the owner of the account to "stand and deliver." 
B)  ​order Outlier to comply with the warrant. 
C)  ​order the government to abide by Outlier's refusal. 
D)  ​order the foreign countries to seize Outlier's servers. 
A)  ​order the owner of the account to "stand and deliver." 
B)  ​order Outlier to comply with the warrant. 
C)  ​order the government to abide by Outlier's refusal. 
D)  ​order the foreign countries to seize Outlier's servers.

Question 5

Price-Lo Inc., a discount retailer, was established, and is based, in the United States. Charged by the United States with violating the Foreign Corrupt Practices Act by bribing foreign government officials for favorable contracts, Price-Lo

Accepted Answer

A)  ​may be subject to charges in other countries but not for the same acts. 
B)  ​may be subject to similar charges for the same acts in other countries. 
C)  ​will not be subject to similar charges in other countries because only the United States fines corporations for such acts. 
D)  ​will not be subject to similar charges in other countries because the firm is a U.S. company alleged to have violated U.S. law. 
A)  ​may be subject to charges in other countries but not for the same acts. 
B)  ​may be subject to similar charges for the same acts in other countries. 
C)  ​will not be subject to similar charges in other countries because only the United States fines corporations for such acts. 
D)  ​will not be subject to similar charges in other countries because the firm is a U.S. company alleged to have violated U.S. law.

Question 6

As with other online businesses, the customers of Biz.com are heavily reliant on the firm's reputation. For an online business, dealing in good faith

Accepted Answer

A)  ​can be more important than in a brick-and-mortar location. 
B)  ​is irrelevant. 
C)  ​involves minimal compliance with the laws of a targeted market. 
D)  ​is not a significant part of an effective customer service program. 
A)  ​can be more important than in a brick-and-mortar location. 
B)  ​is irrelevant. 
C)  ​involves minimal compliance with the laws of a targeted market. 
D)  ​is not a significant part of an effective customer service program.

Question 7

Trade Secrets Inc. hosts client accounts in servers located in foreign countries. The U.S. government issues a warrant to obtain e-mails related to a possible criminal case from one of those accounts. Before a court, as part of a refusal to comply with the order, Trade Secrets's best arguments include that the warrant

Accepted Answer

A)  ​threatens the privacy of U.S. citizens. 
B)  ​all of the choices. 
C)  ​exceeds the power of the government to conduct a reasonable search. 
D)  ​will cause the firm to lose business because its clients will no longer trust it to keep their data secret. 
A)  ​threatens the privacy of U.S. citizens. 
B)  ​all of the choices. 
C)  ​exceeds the power of the government to conduct a reasonable search. 
D)  ​will cause the firm to lose business because its clients will no longer trust it to keep their data secret.

Question 8

Flo and Gil are general partners in High Finance, a limited partnership. Without Flo's knowledge or consent, Gil defrauds potential investors into buying limited partnerships in the firm and steals the amounts of their investments. In a suit by those partners against Flo to recover for their losses, she is most likely liable

Accepted Answer

A)  ​if the investors are viewed as innocent third parties. 
B)  ​if the investors are construed as limited partners. 
C)  ​under any circumstances. 
D)  ​under no circumstances. 
A)  ​if the investors are viewed as innocent third parties. 
B)  ​if the investors are construed as limited partners. 
C)  ​under any circumstances. 
D)  ​under no circumstances.

Question 9

Vera starts World Markets Inc. an online business to advertise and sell goods handcrafted in a variety of countries. The purpose of advertising law generally is to create marketplaces in which businesses can operate free of

Accepted Answer

A)  ​deceptive and unfair practices. 
B)  ​international restrictions on speech. 
C)  ​the rules of private Web sites (such as Facebook). 
D)  ​competition. 
A)  ​deceptive and unfair practices. 
B)  ​international restrictions on speech. 
C)  ​the rules of private Web sites (such as Facebook). 
D)  ​competition.

Question 10

Personnel Resources Company considers using software to analyze employee behavior with the goal of predicting wrongdoing. In this situation, the ethical focus is on

Accepted Answer

A)  ​the success of the software. 
B)  ​sanctions for something yet to be done. 
C)  ​questions of privacy. 
D)  ​whether data mining should occur only online. 
A)  ​the success of the software. 
B)  ​sanctions for something yet to be done. 
C)  ​questions of privacy. 
D)  ​whether data mining should occur only online.

Question 11

Bill starts Castaway to market a new line of uniquely designed fishing gear. Delta Bank loans $50,000 to Bill for the project. The bank is most likely to recover the amount of the loan from Bill's personal assets

Accepted Answer

A)  ​if Bill provides a complete, accurate record of business transactions. 
B)  ​if the loan is not subject to an agreement that imposes personal liability. 
C)  ​if Bill's business is a sole proprietorship. 
D)  ​under no circumstances. 
A)  ​if Bill provides a complete, accurate record of business transactions. 
B)  ​if the loan is not subject to an agreement that imposes personal liability. 
C)  ​if Bill's business is a sole proprietorship. 
D)  ​under no circumstances.

Question 12

Predictive analytics in the digital realm focuses on

Accepted Answer

A)  ​predicting certain behavior based on certain data. 
B)  ​analyzing certain data to predict digital developments. 
C)  ​analyzing certain predictions to monitor certain results. 
D)  ​predicting certain digital data based on reasoned analysis. 
A)  ​predicting certain behavior based on certain data. 
B)  ​analyzing certain data to predict digital developments. 
C)  ​analyzing certain predictions to monitor certain results. 
D)  ​predicting certain digital data based on reasoned analysis.

Question 13

Nina and Owen are general partners in Property Management, L.P., a limited partnership. Without Nina's knowledge or consent, Owen defrauds the firm's clients, resulting in the firm's liability for the losses. The limited partners file a suit against Nina to recover their investments. She is most likely liable

Accepted Answer

A)  ​if the clients are viewed as innocent third parties. 
B)  ​in a state that does not protect innocent partners from fraud suits. 
C)  ​under any circumstances. 
D)  ​under no circumstances. 
A)  ​if the clients are viewed as innocent third parties. 
B)  ​in a state that does not protect innocent partners from fraud suits. 
C)  ​under any circumstances. 
D)  ​under no circumstances.

Question 14

Rick forms Study Groups Inc. to start a social media site online. He selects Takeaway as the domain name. Responsible for coordinating databases related to namespaces online

Accepted Answer

A)  ​are the Web hosts of online businesses. 
B)  ​is the U.S. Copyright Office. 
C)  ​is the U.S. Patent and Trademark Office. 
D)  ​is the Internet Corporation for Assigned Names and Numbers. 
A)  ​are the Web hosts of online businesses. 
B)  ​is the U.S. Copyright Office. 
C)  ​is the U.S. Patent and Trademark Office. 
D)  ​is the Internet Corporation for Assigned Names and Numbers.

Exam 59: Business Organizations

Like other online businesses, Amazing.com collects and retains its customers' account numbers and other personal information. Keeping this data private will most likely

Park Electronics Ltd., a consumer products company, was established, and is based, in Korea. Park bribes Filipino government officials to obtain favorable contracts. The U.S. Securities and Exchange Commission charges Park with violations of the Foreign Corrupt Practices Act. The firm

Beth starts Checklist to market a new app. Valley Credit Union loans $30,000 to Beth for the project. Later, the debt is most likely to be discharged in bankruptcy

Outlier Inc. hosts client accounts in servers located in foreign countries. The U.S. government issues a warrant to obtain e-mails related to a drug case from one of those accounts. Outlier refuses to comply. On the government's appeal, it is most likely that a court will

Price-Lo Inc., a discount retailer, was established, and is based, in the United States. Charged by the United States with violating the Foreign Corrupt Practices Act by bribing foreign government officials for favorable contracts, Price-Lo

As with other online businesses, the customers of Biz.com are heavily reliant on the firm's reputation. For an online business, dealing in good faith

Vera starts World Markets Inc. an online business to advertise and sell goods handcrafted in a variety of countries. The purpose of advertising law generally is to create marketplaces in which businesses can operate free of

Personnel Resources Company considers using software to analyze employee behavior with the goal of predicting wrongdoing. In this situation, the ethical focus is on

Bill starts Castaway to market a new line of uniquely designed fishing gear. Delta Bank loans $50,000 to Bill for the project. The bank is most likely to recover the amount of the loan from Bill's personal assets

Predictive analytics in the digital realm focuses on

Rick forms Study Groups Inc. to start a social media site online. He selects Takeaway as the domain name. Responsible for coordinating databases related to namespaces online

Law and Legal Reasoning

Courts and Alternative Dispute Resolution

Court Procedures

Business and the Constitution

Business Ethics

Tort Law

Strict Liability and Product Liability

Intellectual Property Rights

Internet Law, Social Media, and Privacy

Criminal Law and Cyber Crime

Nature and Terminology

Agreement in Traditional and E-Contracts

Consideration

Capacity and Legality

Mistakes, Fraud, and Voluntary Consent

The Writing Requirement in Our Digital World

Third Party Rights

Performance and Discharge

Breach of Contract and Remedies

The Formation of Sales and Lease Contracts

Title, Risk, and Insurable Interest

Performance and Breach of Sales and Lease Contracts

Warranties

International and Space Law

Negotiable Instruments

Transferability and Holder in Due Course

Liability, Defenses, and Discharge

Banking in the Digital Age

Creditors Rights and Remedies

Secured Transactions

Bankruptcy Law

Agency Formation and Duties

Agency Liability and Termination

Employment, Immigration, and Labor Law

Employment Discrimination

Small Businesses and Franchises

All Forms of Partnerships

Limited Liability Companies and Special Business Forms

Corporate Formation and Financing

Corporate Directors, Officers, and Shareholders

Mergers and Takeovers

Investor Protection, Insider Trading, and Corporate Governance

Administrative Agencies

Consumer Law

Environmental Protection

Antitrust Law

Professional Liability and Accountability

Personal Property and Bailments

Real Property and Landlord-Tenant Law

Insurance

Wills and Trusts

The Legal Environment of Business

Torts and Crimes

Contracts and E-Contracts

Domestic and International Sales and Lease Contracts

Negotiable Instruments

Creditors Rights and Bankruptcy

Agency and Employment

Government Regulation

Property and Its Protection

Filters