WGU D432 STUDY QUESTIONS
WITH ACCURATE ANSWERS |
PASS!!
Most Common type of business entity - ACCURATE ANSWERS✔✔
Sole Proprietorship
Where can a Corporation be sued? - ACCURATE ANSWERS✔✔ Place
of incorporation and primary place of business
What are 3 components of corporations? - ACCURATE ANSWERS✔✔
Stockholders, Directors, and Officers
What is the role of Board of Directors? - ACCURATE ANSWERS✔✔
Set goals, hire officers, oversee operations and finances
What are some advantages of Corporations? - ACCURATE
ANSWERS✔✔ Limited liability from owners, ease of transferring
ownership, certain tax deductions, ability to attract financing
What is the purpose of Joint Ventures? - ACCURATE ANSWERS✔✔ 2
or more companies that form an alliance for specific period of time.
What does FTC oversee? - ACCURATE ANSWERS✔✔ Oversees
unfair business practices.
,What major case involves the commerce clause and what does it mean? -
ACCURATE ANSWERS✔✔ Regulates state and international business
and limits the states powers. "NLRB vs. Steel Corp."
What are some circumstances that revolve around the 14th amendment?
- ACCURATE ANSWERS✔✔ Warrantless searches
What was the purpose for the UN - ACCURATE ANSWERS✔✔
Developed as a multilateral treaty to create peace and equality for
women and children
What is a Ponzi/Scheme? - ACCURATE ANSWERS✔✔ A payment of
investment into a non existent firm from new investors to older
investors; and the process repeats
What are the 2x types of defamation and explain them? - ACCURATE
ANSWERS✔✔ Slander-spoken negative remarks about and individual
or business; Libel- written negative remarks about and individual or
business
What is promissory estoppel? - ACCURATE ANSWERS✔✔ Within
contract law, promissory estoppel refers to the doctrine that a party may
recover on the basis of a promise made when the party's reliance on that
promise was reasonable, and the party attempting to recover
detrimentally relied on the promise.
, What is a material breach of contract? - ACCURATE ANSWERS✔✔
When something is promised and the complete opposite is done.
What is the purpose of the NLRB? - ACCURATE ANSWERS✔✔
independent federal agency that protects the rights of private sector
employees to join together, with or without a union, to improve their
wages and working conditions.
What is a closed shop? - ACCURATE ANSWERS✔✔ When you can't
gain employment if you are not apart of the union
What is the difference between disparate treatment and disparate
impact? - ACCURATE ANSWERS✔✔ Disparate is unintentionally
discrimination
FTC mainly focuses on? - ACCURATE ANSWERS✔✔ Regulating
business competition; fair and misleading practices
Triple Bottom line refers to? - ACCURATE ANSWERS✔✔ How a
company uses social responsibility to assist people, planet, and profits.
Who protects against unfair/deceptive business practices? - ACCURATE
ANSWERS✔✔ Consumer Protection Agency
WITH ACCURATE ANSWERS |
PASS!!
Most Common type of business entity - ACCURATE ANSWERS✔✔
Sole Proprietorship
Where can a Corporation be sued? - ACCURATE ANSWERS✔✔ Place
of incorporation and primary place of business
What are 3 components of corporations? - ACCURATE ANSWERS✔✔
Stockholders, Directors, and Officers
What is the role of Board of Directors? - ACCURATE ANSWERS✔✔
Set goals, hire officers, oversee operations and finances
What are some advantages of Corporations? - ACCURATE
ANSWERS✔✔ Limited liability from owners, ease of transferring
ownership, certain tax deductions, ability to attract financing
What is the purpose of Joint Ventures? - ACCURATE ANSWERS✔✔ 2
or more companies that form an alliance for specific period of time.
What does FTC oversee? - ACCURATE ANSWERS✔✔ Oversees
unfair business practices.
,What major case involves the commerce clause and what does it mean? -
ACCURATE ANSWERS✔✔ Regulates state and international business
and limits the states powers. "NLRB vs. Steel Corp."
What are some circumstances that revolve around the 14th amendment?
- ACCURATE ANSWERS✔✔ Warrantless searches
What was the purpose for the UN - ACCURATE ANSWERS✔✔
Developed as a multilateral treaty to create peace and equality for
women and children
What is a Ponzi/Scheme? - ACCURATE ANSWERS✔✔ A payment of
investment into a non existent firm from new investors to older
investors; and the process repeats
What are the 2x types of defamation and explain them? - ACCURATE
ANSWERS✔✔ Slander-spoken negative remarks about and individual
or business; Libel- written negative remarks about and individual or
business
What is promissory estoppel? - ACCURATE ANSWERS✔✔ Within
contract law, promissory estoppel refers to the doctrine that a party may
recover on the basis of a promise made when the party's reliance on that
promise was reasonable, and the party attempting to recover
detrimentally relied on the promise.
, What is a material breach of contract? - ACCURATE ANSWERS✔✔
When something is promised and the complete opposite is done.
What is the purpose of the NLRB? - ACCURATE ANSWERS✔✔
independent federal agency that protects the rights of private sector
employees to join together, with or without a union, to improve their
wages and working conditions.
What is a closed shop? - ACCURATE ANSWERS✔✔ When you can't
gain employment if you are not apart of the union
What is the difference between disparate treatment and disparate
impact? - ACCURATE ANSWERS✔✔ Disparate is unintentionally
discrimination
FTC mainly focuses on? - ACCURATE ANSWERS✔✔ Regulating
business competition; fair and misleading practices
Triple Bottom line refers to? - ACCURATE ANSWERS✔✔ How a
company uses social responsibility to assist people, planet, and profits.
Who protects against unfair/deceptive business practices? - ACCURATE
ANSWERS✔✔ Consumer Protection Agency
