Legal Environment of Business Quiz

Question 1 (10 points)

_____ are a series of laws enacted to specifically limit anticompetitive behavior and monopolistic practices in almost all industries, businesses, and professions operating in the United States.

Question 1 options:

Antitrust laws

Laissez-faire laws

Canon laws

Contract laws

Question 2 (10 points)

The ________ is the basic governing document of a corporation which must be filed with the secretary of state of the state of incorporation.

Question 2 options:

debt security

articles of incorporation

certificate of authority

redeemable stock

Question 3 (10 points)

The ________ is the federal agency responsible for enforcing most federal anti-discrimination laws.

Question 3 options:

Age Discrimination in Employment Agency (ADEA)

Bona fide occupational qualification Agency (BFOQA)

Fair Employment Practices Agency (FEPA)

Equal Employment Opportunity Commission (EEOC)

Question 4 (10 points)

_______ is defined as the substantial likelihood that a person either committed or is about to commit a crime.

Question 4 options:

Preponderance of evidence

Reasonable doubt

Probable cause

Reasonable suspicion

Question 5 (10 points)

________ are the most serious of crimes and are considered inherently evil.

Question 5 options:

Misdemeanors

Infractions

Felonies

Summary offences

Question 6 (10 points)

________ are the most common form of business organization in the United States.

Question 6 options:

General partnerships

Sole proprietorships

Limited liability companies

Limited partnerships

Question 7 (10 points)

Which of the following best defines an initial public offering?

Question 7 options:

the sale of securities by an issuer to the public

the filing of a registration statement by an issuer

the disclosure document released for public scrutiny

the issuance of an offering statement to the public prior to purchase

Question 8 (10 points)

What is the necessary condition for an accused person to be found guilty by a jury?

Question 8 options:

The jury’s verdict has to be approved by the presiding judge.

At least half the jurors have to find the defendant guilty of the crime.

All the jurors have to unanimously agree that the defendant is guilty of the crime.

More than 50 percent of the jurors have to find the defendant guilty of the crime.

Question 9 (10 points)

Owners of a corporation who elect the board of directors and vote on fundamental changes in the corporation are known as ________.

Question 9 options:

shareholders

spectators

electors

associates

Question 10 (10 points)

The ________ is a federal statute that permits a complainant to file an employment discrimination claim against an employer within 180 days of the most recent paycheck violation.

Question 10 options:

Title II of Genetic Information Nondiscrimination Act

Lilly Ledbetter Fair Pay Act

Civil Rights Act of 1866

Civil Rights Act of 1968

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