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The Legal Environment: Tutoring Solution Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Buying a new facility or new equipment is what type of decision?

Question 2 2. Which of the following is an argument FOR corporate social responsibility?

Question 3 3. Maria works at a daycare taking care of babies. One day, she noticed that the milk was expired but remembered her boss told her that he does not like to throw things away or waste money. Maria decided to feed a baby the milk. The baby became ill after ingesting the milk. Which type of liability is this?

Question 4 4. Sara was thinking about adding sugar to her 'low calorie' ice cream bars. She figured if people really think they are as good as the original ice cream, she would have more customers. What model would be best for her?

Question 5 5.

Michael works for a news station. Clarke, a local store owner, wants the channel to run a story on his big shoe sale. Michael knows that these stories are run on a first-come first-serve basis. However, as a junior producer, he can sneak a story under the producer's nose from time to time. Clarke offers Michael $100 worth of free shoes in exchange for the story to run on the 6 O' Clock News each evening for a week. Michael accepts the offer and runs the story.

Identify the crime that may have taken place.

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Question 6 6. Margie recently received an email from the President of a foreign country. In the email, it mentioned emailing her bank account information so that he could deposit money she won in their country's lottery. What type of crime is most probably happening here?

Question 7 7. Who believes the end justifies the means?

Question 8 8. Barney wanted to sell his necklace for $100.00. Sally wanted to buy a gold necklace for her boyfriend's birthday. They met to discuss the deal. Barney knew the chain was a fake, but he needed the money, so he printed up a document that stated the chain was 14 Carat gold. He showed Sally this document, and she bought the chain. When she had it appraised at the jewelry store, it turned out to be made of ordinary metal painted to look like gold. What is Barney guilty of?

Question 9 9. One difference between a common shareholder and a preferred shareholder is:

Question 10 10. Cathy hires Linda to be her lawyer. Cathy was sued for illegally firing several employees. Cathy makes handwritten notes for Linda outlining the reasons why she fired each employee. The attorney for the employees demands a copy of the notes. Linda does not hand them over, demonstrating _____.

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Question 11 11. Cathy hires Linda to be her lawyer. Cathy has money she would like to invest and is looking for a worthy company. Linda recommends ABC Company. Linda owns ABC Company, but does not share that information with Cathy. Cathy invests a considerable amount of money in ABC Company. This is an example of:

Question 12 12. When a business owner engages in certain illegal activities, the RICO Act applies when...

Question 13 13. A decision that involves the very core of the mission or the beliefs and values of a company are:

Question 14 14. Which of the following answer choices demonstrates an example of sustainability in business?

Question 15 15. Timmy is a bartender at O'Shane's Bar. One evening, Timmy was serving a few patrons alcohol but failed to monitor their intake and cut them off when they seemed to be getting too intoxicated. After they left O'Shane's, one of the patrons walked into oncoming traffic and was injured. Which type of liability does O'Shane's Bar face?

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Question 16 16. Joe considers speed limits on highways a stupid rule, and he breaks them as often as possible. Which ethical decision rule should he be asking himself ?

Question 17 17. The executive branch of the government includes _____.

Question 18 18. When a company makes untrue statements about its products, it is guilty of:

Question 19 19. Lawyers have a code of ethics that provides individual attorneys with the minimum professional, behavioral, and moral standards expected in their business dealings. This code is known as the _____.

Question 20 20. How does corporate crime differ from ordinary crime?

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Question 21 21. What does the Clean Water Act protect?

Question 22 22. How is a shareholder benefited by stock ownership?

Question 23 23. Which of the following BEST explains the stakeholder theory?

Question 24 24. Vehicles and factories are regulated by:

Question 25 25. One who relies on cultural norms is:

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Question 26 26. Business crimes include:

Question 27 27. What can an individual citizen do if he or she feels a rule is unjust?

Question 28 28. One benefit of having administrative agencies is:

Question 29 29. Joe needs to pass an electrical inspection on the first try to remain on schedule. He thinks that the inspector will probably find a few violations that will cost Joe extra time and money to address. So, Joe decides to slip the inspector a few hundred dollars. What is Joe guilty of?

Question 30 30. Which of the following is an argument AGAINST corporate social responsibility?

The Legal Environment: Tutoring Solution Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next question. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. You will lose your work if you close or refresh this page. Good luck!

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