BUSINESS LAW FOR ACCOUNTANTS - D216 – WGU
EXAM WITH CORRECT SOLUTIONS/GRADED A+
A hardware store proactively informs clients whenever recalls happen. It is always willing
to replace defective items at no cost even if the warranty has expired. Its philosophy is to
maximize benefits and minimize harm. This approach is known as outcome-based ethics.
What is a characteristic of outcome-based ethics?
It focuses on the obligations of the corporation.
It focuses on standards for behavior that traditionally were derived from religious
authorities.
It focuses on basic rights.
It f - ANS☑☑---It focuses on the consequences of an action
A floral company is currently hiring a new employee. After interviewing a great
candidate, the human resources coordinator looked up the candidate on social media.
The human resources coordinator found too many pictures of cocktails and beers on the
candidate's profile. The prospective candidate worked part-time as a bartender. The
human resources coordinator called the candidate and told him that she found a better
fit even when she had not hired anyone for the position. Are the human resources -
ANS☑☑---The actions are legal but unethical.
What is a purpose of the Uniform Commercial Code?
Reduce difficulties for businesses conducting trade and commerce
Facilitate commerce between the states and foreign countries
Discriminate against jurisdictions that have not adopted this uniform law
,Establish the rules applying to real state, service, and employment contracts - ANS☑☑-
--Reduce difficulties for businesses conducting trade and commerce
Which type of speech is considered unprotected?
Obscene
Commercial
Corporate political
Symbolic - ANS☑☑---Obscene
Which kind of mark is "Cheesy" in connection with a spa company?
Arbitrary
Fanciful
Descriptive
Suggestive - ANS☑☑---Arbitrary
A company started a beverage company that sells a variety of juices. All the juices are
sold in a plastic bottle with the company's name, the name of the juice, and a logo the
owner found online. Which type of protection should the owner seek for the name of
the juice?
Patent
Trade secret
Copyright
Trademark - ANS☑☑---Trademark
, Which type of trademark receives automatic protection?
Descriptive marks
Personal name marks
Geographic marks
Fanciful marks - ANS☑☑---Fanciful Marks
Which type of trademarks never receive protection?
Descriptive marks
Generic marks
Arbitrary marks
Personal name marks - ANS☑☑---Generic Marks
What should a business use to protect its trade secrets?
Non-disclosure agreement
Trademark
Non-compete agreement
Patent - ANS☑☑---Non-disclosure agreement
Under the Uniform Commercial Code, and without the parties agreeing to the contrary
in the contract, when is a title passed from the seller to the buyer for the sale of goods?
During delivery of the goods to a shipping company
During receipt of the goods by a buyer
EXAM WITH CORRECT SOLUTIONS/GRADED A+
A hardware store proactively informs clients whenever recalls happen. It is always willing
to replace defective items at no cost even if the warranty has expired. Its philosophy is to
maximize benefits and minimize harm. This approach is known as outcome-based ethics.
What is a characteristic of outcome-based ethics?
It focuses on the obligations of the corporation.
It focuses on standards for behavior that traditionally were derived from religious
authorities.
It focuses on basic rights.
It f - ANS☑☑---It focuses on the consequences of an action
A floral company is currently hiring a new employee. After interviewing a great
candidate, the human resources coordinator looked up the candidate on social media.
The human resources coordinator found too many pictures of cocktails and beers on the
candidate's profile. The prospective candidate worked part-time as a bartender. The
human resources coordinator called the candidate and told him that she found a better
fit even when she had not hired anyone for the position. Are the human resources -
ANS☑☑---The actions are legal but unethical.
What is a purpose of the Uniform Commercial Code?
Reduce difficulties for businesses conducting trade and commerce
Facilitate commerce between the states and foreign countries
Discriminate against jurisdictions that have not adopted this uniform law
,Establish the rules applying to real state, service, and employment contracts - ANS☑☑-
--Reduce difficulties for businesses conducting trade and commerce
Which type of speech is considered unprotected?
Obscene
Commercial
Corporate political
Symbolic - ANS☑☑---Obscene
Which kind of mark is "Cheesy" in connection with a spa company?
Arbitrary
Fanciful
Descriptive
Suggestive - ANS☑☑---Arbitrary
A company started a beverage company that sells a variety of juices. All the juices are
sold in a plastic bottle with the company's name, the name of the juice, and a logo the
owner found online. Which type of protection should the owner seek for the name of
the juice?
Patent
Trade secret
Copyright
Trademark - ANS☑☑---Trademark
, Which type of trademark receives automatic protection?
Descriptive marks
Personal name marks
Geographic marks
Fanciful marks - ANS☑☑---Fanciful Marks
Which type of trademarks never receive protection?
Descriptive marks
Generic marks
Arbitrary marks
Personal name marks - ANS☑☑---Generic Marks
What should a business use to protect its trade secrets?
Non-disclosure agreement
Trademark
Non-compete agreement
Patent - ANS☑☑---Non-disclosure agreement
Under the Uniform Commercial Code, and without the parties agreeing to the contrary
in the contract, when is a title passed from the seller to the buyer for the sale of goods?
During delivery of the goods to a shipping company
During receipt of the goods by a buyer
