Beruflich Dokumente
Kultur Dokumente
BUSINESS LAW
2010
TEST DIRECTIONS
1. Complete the information requested on the answer sheet. PRINT your name on
the first line following the word NAME. On the subject line write the name of the
event: BUSINESS LAW. On the date line, write the name of your CHAPTER.
On the Test No. line, write the number of YOUR DISTRICT.
DO NOT OPEN THIS TEST UNTIL GIVEN PERMISSION TO DO SO
2. All answers will be recorded on the answer sheet. DO NOT WRITE on the test
booklet at any time, and DO NOT check items there. Scrap paper will be
provided.
3. READ each question carefully before answering. When you have decided which
answer is correct, find the space on the answer sheet following the number of the
problem and with a pencil blacken the entire space in the proper column. DO
NOT make and OTHER pencil marks on the answer sheet. If you change your
mind, erase your first answer completely.
4. Be sure you use a No. 2 pencil with an eraser.
5. You are allowed 30 minutes for the test. You will be given a starting signal and a
warning after 20 minutes have elapsed.
In the event of a tie, the score on the last ten questions will
be used as a tie-breaker.
Business Law
1.
The rules of conduct established by the government to maintain stability and promote
justice are known as __________.
a. ethics
b. morality
c. the golden rule
d. law
2.
Rules and procedures established by the regulatory agencies are known as __________.
a. administrative law
b. statutory law
c. common law
d. governmental law
3.
4.
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Business Law
8.
A wrongful act that injures anothers reputation by making false statements is called
__________.
a. nuisance
b. trespass
c. defamation
d. invasion of privacy
9.
A suit for negligence must prove four elements: duty of care, breach of duty, proximate
cause, and __________.
a. actual harm
b. defamation
c. the existence of a crime
d. unfair advantage
10.
In recent years the doctrine of strict liability has been applied to __________.
a. negligence
b. defamation
c. product liability
d. trespass
11.
Contracts can be classified in the following four ways: valid, void, voidable and
unenforceable, bilateral or unilateral, oral or written and __________.
a. express or implied
b. long or short
c. criminal or tortuous
d. failed or successful
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Business Law
15.
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18.
The fee the borrower pays to the lender for using money is called __________.
a. interest
b. bidding
c. price fixing
d. a covenant
19.
The legal term for false statements made under oath is __________.
a. alibi
b. perjury
c. subterfuge
d. untruth
20.
21.
___________ are the terms used to describe a situation in which one contract is
substituted for another.
a. Estrangment and detachment
b. Tender and performance
c. Accord and satisfaction
d. Offer and acceptance
Business Law
22.
______________ is a court order requiring the other party to do what he or she has
agreed to do.
a. Breach of contract
b. Anticipatory repudiation
c. Specific performance
d. Damages
23.
If you rely on the sellers knowledge and advice in selecting the goods, the warranty that
occurs is a(n) __________.
a. warranty of title
b. warranty of fitness for a particular purpose
c. full warranty
d. guarantee
24.
A warranty that guarantees a defective product will be fixed or replaced free of charge is
a(n) __________.
a. full warranty
b. limited warranty
c. implied warranty
d. warranty of merchantability
25.
The illegal advertising practice of trying to sell a customer a more expensive item than
the one advertised is called __________.
a. caveat emptor
b. bait and switch
c. caveat venditor
d. negligent
26.
The cooling-off rule gives you three business days to cancel a contract made with a(n)
__________.
a. used car dealer
b. door-to-door salesperson
c. grocery store
d. department store
27.
Business Law
28.
Damage to your vehicle when it is involved in an accident, regardless of who was at fault
is covered by __________.
a. property damage liability
b. comprehensive insurance
c. collision insurance
d. underinsured motorist insurance
29.
30.
Laws that control the work that children may do are called _____________ laws.
a. public policy
b. child labor
c. right-to-work
d. collective bargaining
31.
Under a(n) ______________, employees have the right to appeal any employers
decision that they feel has violated just cause.
a. covenant
b. disclaimer
c. implied contract
d. grievance procedure
32.
_________ was created by the federal government to ensure safe and healthy working
conditions.
a. The Civil Rights Act
b. The Americans with Disabilities Act
c. OSHA
d. The Equal Pay Act
33.
34.
Business Law
35.
36.
The Equal Credit Opportunity Act makes it illegal for banks to discriminate against credit
applicants because of their __________.
a. sex
b. marital status
c. race
d. all of the above
37.
Under the Fair Debt Collection Practices Act, it is illegal for debt collectors to
__________.
a. insult debtors
b. telephone during the day
c. threaten consumer with violence
d. ask consumers to pay their bills
38.
39.
40.
When one party ceases to be associated with the partnership, the partnership undergoes a
___________.
a. reversion
b. limited accounting
c. dissolution
d. separation
41.
____________ are corporate directors or officers who have information about a publicly
traded corporation that is not available to the public.
a. Confidants
b. Supporters
c. Accomplices
d. Insiders
7
Business Law
42.
Congress passed the Securities Act of 1933 and the __________ Act of 1934 to protect
corporate investors.
a. Fair Labor Standards
b. Federal Trade Commission
c. Securities Exchange
d. Sherman Antitrust
43.
In 1890, Congress passed the __________ Act, which declared monopolies to be illegal.
a. Fair Labor Standards
b. Federal Trade Commission
c. Securities Exchange
d. Sherman Antitrust
44.
45.
An allowance made to a divorced person by a former spouse for support and maintenance
is called __________.
a. alimony
b. pin money
c. annulment
d. reconciliation
46.
47.
When a landlord deprives the tenant of heat or electricity, it is called a(n) __________.
a. outrage
b. disgrace
c. assignment
d. constructive eviction
48.
Business Law
49.
50.
Business Law
ANSWER KEY
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D
A
A
A
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C
A
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A
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B
A
A
A
A
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C
C
B
A
B
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B
B
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A
B
D
C
B
D
A
D
C
C
A
C
D
C
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D
A
D
D
B
A
D
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