UOP ETH321 Final Exam 2018 Latest

ETH321 Ethical and Legal Topics in Business

Final Exam 2018

Which of the following statements is true of a grand jury?

Alan and Miriam are engaged in a debate on the importance of intellectual property rights. While Alan holds the view that intellectual property protection safeguards the interests of businesses, Miriam thinks that it ultimately puts businesses at a disadvantage by hampering the dissemination of information. Which of the following arguments is most likely to be raised by Alan to strengthen his proposition? ?

?According to the __________, the acceptance of an offer results in a binding contract only if it exactly matches the terms of the offer.

The __________ enacted in 1938 established minimum wage, overtime pay, and record-keeping requirements. ?

The term __________ refers to the placing of an individual in immediate apprehension for his or her physical safety. ?

The term __________ refers to any change in the ownership of a business organization that would alter its legal existence.

Which of the following statements is true of the Securities and Exchange Commission? ?

A system of equally applied law is a necessity for the foundation of a strong, productive economy because it: ?

?Which of the following scenarios illustrates a formalist approach to business decisions?

A(n) __________ refers to the individual or business entity offering a security for sale to the public.?

?Windy and Ruby plan to present a paper on intellectual property rights. They decide that Windy will present the arguments in favor of intellectual property rights and that Ruby will argue how intellectual property rights could be detrimental to businesses and their customers. Which of the following is most likely to be Ruby’s argument?

Which of the following statements is true of white-collar crimes?

?Which of the following scenarios illustrates a bilateral contract?

The Equal Employment Opportunity Commission was created through the __________. ?

Concerted efforts to lobby government officials, irrespective of their anticompetitive purposes, are given an exception from the Sherman Act under the __________. ?

?A __________ is the simplest and least expensive business institution to create.

In a state court system, lawsuits filed by parties typically begin at the __________. ?

According to the Commerce Clause, the power to regulate interstate commerce is vested with __________. ?

A business decision maker’s decision is more likely to raise ethical concerns in a society where:

?How does law hold diverse people of different backgrounds into large, organized groups?

Courts determine whether the language of an offer was clear enough to result in a contract by: ?

?Who among the following individuals commits a battery?

Fuzo Inc., a manufacturer of leather bags, enters into a contract with a firm regarding the installation of a machine in Fuzo’s factory. Fuzo agrees to pay $1000 for the machine and another $200 as the installation charge. In this scenario, the terms of the sale will be covered under

The term __________ refers to the act of referring a matter to arbitration.

_________ is a legal remedy to a breach of contract by which each party to the contract returns the consideration offered by the other. ?

?Which of the following statements is true of alternative dispute resolution (ADR) systems?

The __________ is the constitutional provision that details the federal government’s power to regulate business activities. ?

Which of the following legal remedies to a breach of contract allows the parties to the contract to agree to abide by the decision of a third party or parties?

__________ refers to an agreement made between competitors in an industry to fix prices of their products. ?

The petition for a writ of certiorari by the losing party of a litigation will be reviewed by the U.S. Supreme Court: