ACCT 311 Exam Questions and Correct Answers (100%
COMPLETE ANSWERS) ALREADY GRADED A+ | 100%
satisfaction guaranteed
Operating a factory dangerously - ANSWER-For which of the following activities can a foreign sovereign
be sued?
No, Austria is violating the WTO's most favored nations rule - ANSWER-Austria, Indonesia, and Columbia
are all members of the WTO. If Austria imposes a tariff in imports of coffee beans form Columbia but not
from Indonesia, is it in violation of WTO principles?
Gharar - ANSWER-Which principle of Islamic law prohibits any contract gain that is not clearly outlined
at the time of contract, especially when it involves risk and deception?
A waiver of immunity - ANSWER-An American manufacturer has been asked to provide construction
equipment to a foreign government. The contract is for a sizable amount, so the manufacturer wants to
protect itself should the foreign government refuse to pay for the equipment once it has been delivered.
What should the American manufacturer insist upon having if it wants to protect its right to sue the
government in the even that it does not pay for the goods?
Yes, bc the Australian government was engaged in commercial activity - ANSWER-The Australian
government has opened a for-profit tourist information center in NYC. If a dispute arises over the lease
of the storefront, may the landlord sue the Australian government in the US courts?
Common law requires judges to base their decisions on prior cases - ANSWER-Which of the statements
best describes common law?
Adopted - ANSWER-A treaty is said to be ________ when those who have drafted it agree that it is in its
final form.
Eliminate almost all trade barriers between the three nations - ANSWER-The primary goal of NAFTA was
to...
,TRIPs - ANSWER-Historically, many countries had dissimilar and confusing intellectual property rules
covering copyrights, trademarks, and patents. Which of the following served to clarify and harmonize
the trade related aspects of intellectual property?
Jus Cogens - ANSWER-__________ is the term used to describe certain fundamental principles of
international law that cannot be altered by custom or practice.
Arbitration - ANSWER-a binding legal process of resolving legal disputes by submitting them to a neutral
third party is called...
Choice of forum clause - ANSWER-Notren, Inc. is a US company, ad SWT, a Singapore company, entered
into a contract under which SWT is to ship party supplies to Notren. One of the terms of the contract
states, "Any disputes that arise under this contract will be resolved un the courts of Singapore." This
contract term is a...
Predictability - ANSWER-The concept of stare decisis focuses most on...
simple; two-thirds - ANSWER-If the congress creates a new statute with the President's support, it must
pass the idea by ________ majority vote in the House and Senate. If the President vetoes a proposed
statute and the Congress wishes to pass it without his support, the idea must pass by a _____ majority
vote in the House and the Senate.
Courts - ANSWER-Statutory law is to legislative bodies as common law is to...
Legislative and interpretive rules - ANSWER-Administrative agency rules consist of...
The losing party has the right to appeal - ANSWER-Assume the in December of 2006, the EPA filed an
administrative complaint against Marlin Firearms Co. alleging that the company exceeded chromium
emissions limits. The EPA proposed a $257,162 fine. Which statement is correct concerning the
administrative adjudication?
Differed from the holding in Griggs v. Duke Pwer Co. party b/c the Court was more conservative at the
time Of Wards Cove was decided - ANSWER-The US Supreme Court's holding in Ward's Cove Packing v.
Antonio...
, Without a search warrant to ensure safety - ANSWER-TECO Coal Corporation mines and ships more than
6 million tons of coal annually. TECO is comprehensively regulated by the Bureau of Mines. The US
Bureau of Money may conduct a series inspection of one of TECO's mines...
Courts usually accept the facts of the case as determined by the agency's interpretation of the law -
ANSWER-Which statement is correct concerning the judicial review of an administrative agency's action?
to give citizens, businesses, and organizations access to information that the federal agencies are using -
ANSWER-The purpose of the Freedom of Information Act (FOIA) is...
10 days - ANSWER-If information requested under the Freedom of Information Act is not exempt, an
agency has ______ to comply with the request.
John F Kennedy - ANSWER-Which of the following presidents was most influential in the passing of the
Civil Rights Act?
requires the person to bring specific documents the court or administrative hearing - ANSWER-A
subpoena duces tecum is different from an ordinary subpoena in that a subpoena duces tecum....
Has a duty to exercise reasonable care to protect foreseeable victims of Rebecca's violence - ANSWER-
Psychologist Holtz is working with a patient, Rebecca, who has expressed he intention to seriously harm
two of her acquaintances. If you apply the principle set forth by the Supreme Court of California in the
Tarasoff v. Regents of the University of California case, Psychologist Holtz..
first 10 amendments of the US constitution - ANSWER-The Bill of Rights is the..
the way the Supreme Court interprets the Constitution changes over time - ANSWER-Which of the
following statements is correct?
First - ANSWER-Which of the Amendment to the Constitution restricts Congress form imposing many
controls on political and commercial speech by business?
COMPLETE ANSWERS) ALREADY GRADED A+ | 100%
satisfaction guaranteed
Operating a factory dangerously - ANSWER-For which of the following activities can a foreign sovereign
be sued?
No, Austria is violating the WTO's most favored nations rule - ANSWER-Austria, Indonesia, and Columbia
are all members of the WTO. If Austria imposes a tariff in imports of coffee beans form Columbia but not
from Indonesia, is it in violation of WTO principles?
Gharar - ANSWER-Which principle of Islamic law prohibits any contract gain that is not clearly outlined
at the time of contract, especially when it involves risk and deception?
A waiver of immunity - ANSWER-An American manufacturer has been asked to provide construction
equipment to a foreign government. The contract is for a sizable amount, so the manufacturer wants to
protect itself should the foreign government refuse to pay for the equipment once it has been delivered.
What should the American manufacturer insist upon having if it wants to protect its right to sue the
government in the even that it does not pay for the goods?
Yes, bc the Australian government was engaged in commercial activity - ANSWER-The Australian
government has opened a for-profit tourist information center in NYC. If a dispute arises over the lease
of the storefront, may the landlord sue the Australian government in the US courts?
Common law requires judges to base their decisions on prior cases - ANSWER-Which of the statements
best describes common law?
Adopted - ANSWER-A treaty is said to be ________ when those who have drafted it agree that it is in its
final form.
Eliminate almost all trade barriers between the three nations - ANSWER-The primary goal of NAFTA was
to...
,TRIPs - ANSWER-Historically, many countries had dissimilar and confusing intellectual property rules
covering copyrights, trademarks, and patents. Which of the following served to clarify and harmonize
the trade related aspects of intellectual property?
Jus Cogens - ANSWER-__________ is the term used to describe certain fundamental principles of
international law that cannot be altered by custom or practice.
Arbitration - ANSWER-a binding legal process of resolving legal disputes by submitting them to a neutral
third party is called...
Choice of forum clause - ANSWER-Notren, Inc. is a US company, ad SWT, a Singapore company, entered
into a contract under which SWT is to ship party supplies to Notren. One of the terms of the contract
states, "Any disputes that arise under this contract will be resolved un the courts of Singapore." This
contract term is a...
Predictability - ANSWER-The concept of stare decisis focuses most on...
simple; two-thirds - ANSWER-If the congress creates a new statute with the President's support, it must
pass the idea by ________ majority vote in the House and Senate. If the President vetoes a proposed
statute and the Congress wishes to pass it without his support, the idea must pass by a _____ majority
vote in the House and the Senate.
Courts - ANSWER-Statutory law is to legislative bodies as common law is to...
Legislative and interpretive rules - ANSWER-Administrative agency rules consist of...
The losing party has the right to appeal - ANSWER-Assume the in December of 2006, the EPA filed an
administrative complaint against Marlin Firearms Co. alleging that the company exceeded chromium
emissions limits. The EPA proposed a $257,162 fine. Which statement is correct concerning the
administrative adjudication?
Differed from the holding in Griggs v. Duke Pwer Co. party b/c the Court was more conservative at the
time Of Wards Cove was decided - ANSWER-The US Supreme Court's holding in Ward's Cove Packing v.
Antonio...
, Without a search warrant to ensure safety - ANSWER-TECO Coal Corporation mines and ships more than
6 million tons of coal annually. TECO is comprehensively regulated by the Bureau of Mines. The US
Bureau of Money may conduct a series inspection of one of TECO's mines...
Courts usually accept the facts of the case as determined by the agency's interpretation of the law -
ANSWER-Which statement is correct concerning the judicial review of an administrative agency's action?
to give citizens, businesses, and organizations access to information that the federal agencies are using -
ANSWER-The purpose of the Freedom of Information Act (FOIA) is...
10 days - ANSWER-If information requested under the Freedom of Information Act is not exempt, an
agency has ______ to comply with the request.
John F Kennedy - ANSWER-Which of the following presidents was most influential in the passing of the
Civil Rights Act?
requires the person to bring specific documents the court or administrative hearing - ANSWER-A
subpoena duces tecum is different from an ordinary subpoena in that a subpoena duces tecum....
Has a duty to exercise reasonable care to protect foreseeable victims of Rebecca's violence - ANSWER-
Psychologist Holtz is working with a patient, Rebecca, who has expressed he intention to seriously harm
two of her acquaintances. If you apply the principle set forth by the Supreme Court of California in the
Tarasoff v. Regents of the University of California case, Psychologist Holtz..
first 10 amendments of the US constitution - ANSWER-The Bill of Rights is the..
the way the Supreme Court interprets the Constitution changes over time - ANSWER-Which of the
following statements is correct?
First - ANSWER-Which of the Amendment to the Constitution restricts Congress form imposing many
controls on political and commercial speech by business?
