Business Law Ch 1-8

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Question 1
2.5 out of 2.5 points

TECO Coal Corporation mines and ships more than six million tons of coal annually. TECO is comprehensively regulated by the U.S. Bureau of Mines. The U.S. Bureau of Mines may conduct a surprise inspection of one of TECO's mines: Answer

Selected Answer: d. without a search warrant to ensure safety. Correct Answer: d. without a search warrant to ensure safety. Question 2
2.5 out of 2.5 points

The primary source of federal power to regulate business is the: Answer
Selected Answer: d. Commerce Clause.
Correct Answer: d. Commerce Clause.
Question 3
2.5 out of 2.5 points

The power of federal agencies is limited by:
Answer
Selected Answer: d. All of the above.
Correct Answer: d. All of the above.
Question 4
2.5 out of 2.5 points

Zeno, Inc. is considering relocating its manufacturing facility from Illinois to Mexico City. The stakeholders in this decision might include: Answer
Selected Answer: d. All of the above.
Correct Answer: d. All of the above.
Question 5
2.5 out of 2.5 points

The observation that "The one and only social responsibility of business is to increase its profits" can be attributed to: Answer
Selected Answer: d. Milton Friedman.
Correct Answer: d. Milton Friedman.
Question 6
2.5 out of 2.5 points

The Chief Executive Officer of Ticor, Inc. must decide about the disposal of toxic waste materials. Which of the following considerations should help the CEO reach an ethical business decision? Answer

Selected Answer: d. All of the above.
Correct Answer: d. All of the above.
Question 7
2.5 out of 2.5 points

The Constitution ensures that the states retain all power not given to the national government. Answer
Selected Answer: True
Correct Answer: True
Question 8
2.5 out of 2.5 points

A rule that establishes maximum length of work shifts for air traffic controllers is an example of an administrative regulation. Answer
Selected Answer: True
Correct Answer: True
Question 9
2.5 out of 2.5 points

Society is hurt when business managers behave ethically.
Answer
Selected Answer: False
Correct Answer: False
Question 10
2.5 out of 2.5 points

There is strong evidence that ethical behavior pays off financially for businesses. Answer
Selected Answer: False
Correct Answer: False
Question 11
2.5 out of 2.5 points

Which of the following is not an example of a trial court of limited jurisdiction? Answer
Selected Answer: c. A general civil division court.
Correct Answer: c. A general civil division court.
Question 12
2.5 out of 2.5 points

Federal jurisdiction based upon a "federal question" includes cases based on: Answer
Selected Answer: d. All of the above.
Correct Answer: d. All of the above.
Question 13
2.5 out of 2.5 points

When an appellate court hears a case, it may:
Answer
Selected Answer: d. All the above are correct.
Correct Answer: d. All the above are correct.
Question 14
0 out of 2.5 points

In order for a federal court to have jurisdiction, there must be a federal question involved and at least $75,000 in dispute. Answer
Selected Answer: True
Correct Answer: False
Question 15
2.5 out of 2.5 points

Generally, mandatory arbitration provisions in a contract are valid. Answer
Selected Answer: True
Correct Answer: True
Question 16
0 out of 2.5 points

The President has the power to remove the chairperson of the Consumer Product Safety Commission, an independent federal administrative agency, if the President disagrees with the chairperson's actions. Answer

Selected Answer: True
Correct Answer: False
Question 17
0 out of 2.5 points

Because of the concept of stare decisis, the U. S. Supreme Court, in interpreting a statute in 2009, will necessarily interpret certain statutory language in the same way as the U. S. Supreme Court interpreted the same statutory language in 1971. Answer

Selected Answer: True
Correct Answer:...
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