Help Articles
PRE-ASSESSMENT: HR COMPLIANCE AND EMPLOYEE
RELATIONS (PAM2)
Attempt #1
Status: Passed
1. What is the type of business that involves two or more individuals who operate a business together
for profit?
YOUR CORRECT
ANSWER ANSWER
Franchise
Partnership
Joint venture
Sole proprietorship
2. What is an advantage of franchising?
YOUR CORRECT
ANSWER ANSWER
Ease of formation
No special taxation
Low organizational costs
Name and product recognition
3. Which disadvantage comes with a partnership as a type of business ownership?
YOUR CORRECT
ANSWER ANSWER
Restricted operating freedom
Regulatory restrictions
High cost of formation
Dissolution difficulty
,4. Which form of law has the purpose of allowing consumers to benefit from the promotion of fair
competition?
YOUR CORRECT
ANSWER ANSWER
Antitrust law
Employment law
Securities law
International law
5. What is the type of law that pertains to the procedures and policies that govern relationships among
nations?
YOUR CORRECT
ANSWER ANSWER
Antitrust law
International law
Securities law
Employment law
6. What is the constitutional amendment that ensures that business property can only be searched
with a warrant?
YOUR CORRECT
ANSWER ANSWER
First
Fourth
Fifth
Tenth
7. Which method of international law enforcement involves implementing or removing the trade
barriers between two countries?
YOUR CORRECT
ANSWER ANSWER
Shaming
, YOUR CORRECT
ANSWER ANSWER
Collective action
Reciprocity
Court of justice
8. A company refused to refund a customer's money for a purchased laptop. The customer claims the
product was defective, but there is evidence that the laptop was dropped, and the laptop was
purchased several months ago.
What is the appropriate categorization of the company's action described in the scenario?
YOUR CORRECT
ANSWER ANSWER
Unethical and legal
Unethical and illegal
Ethical and legal
Ethical and illegal
9. A company sells socks for $20, advertising them as wool socks. The primary buyers are adult males.
The socks are 20% wool.
How is this practice classified, according to the Federal Trade Commission?
YOUR CORRECT
ANSWER ANSWER
Taking advantage of the customer
Misleading price information
Failing to disclose pertinent information
Misrepresenting a product
10. A company's chief executive, officer (CEO) is driving an initiative to use the Triple Bottom Line (TBL)
to measure company success.
What is one of the three components of the Triple Bottom Line?
PRE-ASSESSMENT: HR COMPLIANCE AND EMPLOYEE
RELATIONS (PAM2)
Attempt #1
Status: Passed
1. What is the type of business that involves two or more individuals who operate a business together
for profit?
YOUR CORRECT
ANSWER ANSWER
Franchise
Partnership
Joint venture
Sole proprietorship
2. What is an advantage of franchising?
YOUR CORRECT
ANSWER ANSWER
Ease of formation
No special taxation
Low organizational costs
Name and product recognition
3. Which disadvantage comes with a partnership as a type of business ownership?
YOUR CORRECT
ANSWER ANSWER
Restricted operating freedom
Regulatory restrictions
High cost of formation
Dissolution difficulty
,4. Which form of law has the purpose of allowing consumers to benefit from the promotion of fair
competition?
YOUR CORRECT
ANSWER ANSWER
Antitrust law
Employment law
Securities law
International law
5. What is the type of law that pertains to the procedures and policies that govern relationships among
nations?
YOUR CORRECT
ANSWER ANSWER
Antitrust law
International law
Securities law
Employment law
6. What is the constitutional amendment that ensures that business property can only be searched
with a warrant?
YOUR CORRECT
ANSWER ANSWER
First
Fourth
Fifth
Tenth
7. Which method of international law enforcement involves implementing or removing the trade
barriers between two countries?
YOUR CORRECT
ANSWER ANSWER
Shaming
, YOUR CORRECT
ANSWER ANSWER
Collective action
Reciprocity
Court of justice
8. A company refused to refund a customer's money for a purchased laptop. The customer claims the
product was defective, but there is evidence that the laptop was dropped, and the laptop was
purchased several months ago.
What is the appropriate categorization of the company's action described in the scenario?
YOUR CORRECT
ANSWER ANSWER
Unethical and legal
Unethical and illegal
Ethical and legal
Ethical and illegal
9. A company sells socks for $20, advertising them as wool socks. The primary buyers are adult males.
The socks are 20% wool.
How is this practice classified, according to the Federal Trade Commission?
YOUR CORRECT
ANSWER ANSWER
Taking advantage of the customer
Misleading price information
Failing to disclose pertinent information
Misrepresenting a product
10. A company's chief executive, officer (CEO) is driving an initiative to use the Triple Bottom Line (TBL)
to measure company success.
What is one of the three components of the Triple Bottom Line?
