[SOLVED] Do the following business quiz, its 24 questions
I dont know how to handle this Business question and need guidance.
1.) The primary ways to acquire personal property is through (select all that apply)
gift
negotiation
purchase
will/inheritance
entrustment
2.) Examples of a bailment would be (select all that apply)
lottery
valet
dry cleaners
restaurant
3.) The different types of bailment are (select all that apply)
mutual benefit bailment
bailment for the sole benefit of the bailee
for the sole benefit of the bailor
for the sole benefit of the guarantor
4.) A whistleblower is an employee who publicly reveals a co-workers unsafe or illegal activity.
A. True
B. False
5.) The Labor-Management Relations Act established the right of private-sector employees to negotiate with employers over employment conditions.
A. True
B. False
6.) In addition to intentional discrimination, Title VII of the Civil Rights Act prohibits unintentional discrimination.
A. True
B. False
7.) Under the Equal Pay Act, an employer can legitimately pay different wages to male and female employees on the basis of
A. The primary duties of the job
B. None of the choices
C. substantial equality of skill, effort, and responsibility.
D. gender
8.) In many instances, agency law governs the relationships among partners.
A. True
B. False
9.) A partner can be held liable for a partnership obligation only if he or she participated in, or knew about, whatever it was that gave rise to the obligation.
A. True
B. False
10.) To pierce the corporate veil is to disregard the corporate entity and hold the directors liable for a corporate obligation.
A. True
B. False
11.) Sweetwater Corporation is incorporated in Texas. In that state, the firm is referred to as
A. a domestic corporation.
B. a foreign corporation.
C. an alien corporation.
D. a corporation by estoppel.
12.) Corporate officers have responsibility for all policymaking decisions necessary to the management of corporate affairs.
A. True
B. False
13.) A director who becomes involved in litigation because of his or her position has no right to be indemnified for the costs.
A. True
B. False
14.) Before a vote is taken on a proposed combination, the shareholders must be given sufficient information to evaluate the deal.
A. True
B. False
15.) Burgers Inc. merges with Chicken Corporation. Burgers absorbs Chicken. After the merger, the surviving corporation is
A. a different, new entityDiners Choice Inc.
B. Burgers and Chicken.
C. Burgers only
D. Chicken only
16.) When two conflicting security interests are unperfected, the last to attach has priority.
A. True
B. False
17.) Because a mortgage involves a transfer of real property, it need not be in writing.
A. True
B. False
18.) Bankruptcy relief is provided under states, not federal, law.
A. True
B. False
19.) Once a petition is properly filed, creditors can commence or continue most legal actions against the debtor to recover claims.
A. True
B. False
20.) Dana operates Energy Inc., a corporation in the fuel-supply business. Dana wants to create a plan under which the firm pays a portion of its debts, is discharged of the remainder, and is allowed to continue in business. Energy should file a petition in bankruptcy for relief through
A. a liquidation.
B. a reorganization.
C. a repayment plan.
D. an adjustment of debts.
21.) A mechanics lien normally takes priority over perfected security interests in the property.
A. True
B. False
22.) A writ of execution is a court-ordered seizure and taking into custody of property before a judgment is obtained on a past-due debt.
A. True
B. False
23.) The proprietor pays only personal income taxes on a sole proprietorships profits
A. True
B. False
24.) Generally, a corporation that is selling all of its assets must obtain the approval of the shareholders.
A. True
B. False
