BUSN311 Week 8 Final Exam SCORE 100 PERCENT

Quiz

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Question 1 (5 points)

 

Which of the following federal laws covers employer wage payment practices for minimum wage and overtime?

Question 1 options:

	Rehabilitation Act
	Fair Labor Standards Act
	Lilly Ledbetter Fair Pay
	Equal Pay Act
	Paycheck Fairness Act

Question 2 (20 points)

 

Match each law to its description.

Question 2 options:

Bottom of Form

Equal Pay Act

 

Sarbanes-Oxley Act

 

Civil Rights Act of 1964

 

Federal Trade Commission Act

1. Woman paid same as man for same job 2. Race discrimination prohibited 3. Bans unfair competition 4. Protect shareholders from management fraud

 

Question 3 (5 points)

 

Joe files a lawsuit against Bob. Bob is served with a copy of the complaint. Bob puts the complaint in a drawer and ignores it for six months. Which of the following is the most likely outcome?

Question 3 options:

	Bob will receive an automatic 30-day extension
	Joe's case is dismissed
	A bench arrest warrant is issued against Bob
	A default judgment is entered against Bob

Question 4 (5 points)

 

Gary decides to open a marijuana store in Idaho. Although several states have passed laws that legalize marijuana, Idaho is not one of them, After hearing that there is a petition going around the Idaho legislature to try to get a law passed, Gary contracts with Jimmy to purchase marijuana plants. Jimmy takes Gary's money but does not deliver the plants. Gary will likely win a breach of contract claim against Jimmy.

Question 4 options:

	True
	False

Question 5 (20 points)

 

Match each of the following contract principles with its descriptive term:

Question 5 options:

mutuality

 

capacity

 

agreement

 

consideration

1. bargained for exchange 2. of legal age 3. concord of understanding and intent 4. both parties must agree

Answer

Question 6 (5 points)

 

Jimmy is 16 and enters a contract to purchase a car. The terms of the sale are "as is" and no returns. Jimmy drives the car home and then decides he does not want to keep the car. He returns it to the seller. Jimmy will be allowed to return the car.

Question 6 options:

	True
	False

Question 7 (20 points)

 

Match each theory to its best description

Question 7 options:

situational ethics

 

virtue ethics

 

deontology

 

utilitarianism

1. maximizing social benefits while minimizing social costs 2. individual is benefited by being truthful and fair to others 3. action must be principled and morally sound 4. moral guidelines should be flexible

Answer

 

Question 8 (5 points)

 

The Sarbanes-Oxley Act of 2002 (SOX) requires organizations to establish internal controls. What is internal control and what are some of its objectives?

Question 8 options:

	Internal control can be defined as the systematic procedures—including policies and procedures, methodologies, checks and balances, and reviews—that an organization implements to help it discourage employees from committing errors, fraud, and theft and to ensure that accounting information is accurate and complete.
	Internal control can be defined as the process that allows the courts to lift, or pierce, the corporate veil if they determine that a company is the alter ego of its owners. This helps discourage employees from committing errors, fraud, and theft and helps ensure that accounting information is accurate and complete.
	Internal control can be defined as the systematic procedures—including policies and procedures, methodologies, checks and balances, and reviews—that an organization implements to help it circumvent the legal doctrine of alter ego.
	Internal control can be defined as the process of separating the personality of a corporation from the personalities of its shareholders to help discourage employees from committing errors, fraud, and theft and to ensure that accounting information is accurate and complete.

Question 9 (20 points)

 

Match each of the following remedies for breach of contract with the phrase that fits it best:

Question 9 options:

rescission

 

reformation

 

specific performance

 

injunction

1. both parties to contract relieved of contract obligations 2. order for breaching party to execute or complete certain duties under the contract 3. contract revised to reflect true intent 4. court orders one or more of the parties to refrain from taking an action under the contract

ANSWER

 

Question 10 (5 points)

 

"Within the confines of law and ethics" is an important qualifier in which ethical framework

Question 10 options:

	Shareholder Theory
	Deontology
	Utilitarianism
	Kantian Ethics

Question 11 (5 points)

 

Hannah and Hugo have entered into a contract, but Hannah is unhappy and is suing Hugo for breach of contract. She argues that the contract includes a mistake, and Hugo knew about the mistake but failed to point it out before they signed the contract. What type of mistake is Hannah claiming?

Question 11 options:

	Fraudulent
	Unilateral
	Mutual
	Voidable

Question 12 (5 points)

 

Agnes works for STARQUEST LTD in the IT department. Her supervisor is Morges. Agnes is very good at her job and Morges fears threatened by her. Over a period of several months he routinely criticizes her work and withholds information from her that she should have to do her job. Then he sends her emails telling her she has missed deadlines and committed other errors. Agnes tries to defend herself but this only angers Morges. The last straw for Agnes was Morges telling her she would be better off at home "taking care of her husband." Agnes complains to HR about Morges' conduct.

QUESTION: Morges' conduct likely qualifies as which of the following?

Question 12 options:

	violation of Fair Labor Standards Act
	violation of Equal Pay Act
	None of the above; he has not violated any act
	violation of Civil Rights Act of 1964 as amended

Question 13 (5 points)

 

Agnes works for STARQUEST LTD in the IT department. Her supervisor is Morges. Agnes is very good at her job and Morges fears threatened by her. Over a period of several months he routinely criticizes her work and withholds information from her that she should have to do her job. Then he sends her emails telling her she has missed deadlines and committed other errors. Agnes tries to defend herself but this only angers Morges. The last straw for Agnes was Morges telling her she would be better off at home "taking care of her husband." Agnes complains to HR about Morges' conduct.

QUESTION: STARQUEST LTD could be liable to Agnes for Morges' conduct under which of the following doctrines?

Question 13 options:

	parens patriae
	fairness doctrine
	res ipsa loquitur
	respondeat superior

Question 14 (25 points)

 

QUESTION: This question is about corporate social responsibility (CSR). In a well organized essay, provide the following.

1. Who are the stakeholders of a business?

2. Identify and briefly explain the three components of the triple bottom line framework and why corporate stakeholders are a consideration in this theory. Describe an example of a company that utilizes this framework.

3. Explain what is greenwashing.

4. Explain how you would determine if a company is engaged in greenwashing.

In answering this question specifically cite your Lesson's Required Reading sources appropriate in text of your essay and in full citation reference at the end. (Reminder: Use APA7 ed. format. Failure to cite sources will result in no credit for your answer!)