WGU D432 Study Guide for Objective
Assessment 2nd Attempt 2024/2025
Exam Questions and Answers | 100%
Solved
Most Common type of business entity - 🧠 ANSWER ✔✔Sole Proprietorship
Where can a Corporation be sued? - 🧠 ANSWER ✔✔Place of incorporation
and primary place of business
What are 3 components of corporations? - 🧠 ANSWER ✔✔Stockholders,
Directors, and Officers
What is the role of Board of Directors? - 🧠 ANSWER ✔✔Set goals, hire
officers, oversee operations and finances
What are some advantages of Corporations? - 🧠 ANSWER ✔✔Limited
liability from owners, ease of transferring ownership, certain tax deductions,
ability to attract financing
What is the purpose of Joint Ventures? - 🧠 ANSWER ✔✔2 or more
companies that form an alliance for specific period of time.
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STATEMENT. ALL RIGHTS RESERVED
,What does FTC oversee? - 🧠 ANSWER ✔✔Oversees unfair business
practices.
What major case involves the commerce clause and what does it mean? -
🧠 ANSWER ✔✔Regulates state and international business and limits the
states powers. "NLRB vs. Steel Corp."
What are some circumstances that revolve around the 14th amendment? -
🧠 ANSWER ✔✔Warrantless searches
What was the purpose for the UN - 🧠 ANSWER ✔✔Developed as a
multilateral treaty to create peace and equality for women and children
What is a Ponzi/Scheme? - 🧠 ANSWER ✔✔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? - 🧠 ANSWER
✔✔Slander-spoken negative remarks about and individual or business;
Libel- written negative remarks about and individual or business
What is promissory estoppel? - 🧠 ANSWER ✔✔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
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
, reasonable, and the party attempting to recover detrimentally relied on the
promise.
What is a material breach of contract? - 🧠 ANSWER ✔✔When something
is promised and the complete opposite is done.
What is the purpose of the NLRB? - 🧠 ANSWER ✔✔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? - 🧠 ANSWER ✔✔When you can't gain employment
if you are not apart of the union
What is the difference between disparate treatment and disparate impact? -
🧠 ANSWER ✔✔Disparate is unintentionally discrimination
FTC mainly focuses on? - 🧠 ANSWER ✔✔Regulating business
competition; fair and misleading practices
Triple Bottom line refers to? - 🧠 ANSWER ✔✔How a company uses social
responsibility to assist people, planet, and profits.
Who protects against unfair/deceptive business practices? - 🧠 ANSWER
✔✔Consumer Protection Agency
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
Assessment 2nd Attempt 2024/2025
Exam Questions and Answers | 100%
Solved
Most Common type of business entity - 🧠 ANSWER ✔✔Sole Proprietorship
Where can a Corporation be sued? - 🧠 ANSWER ✔✔Place of incorporation
and primary place of business
What are 3 components of corporations? - 🧠 ANSWER ✔✔Stockholders,
Directors, and Officers
What is the role of Board of Directors? - 🧠 ANSWER ✔✔Set goals, hire
officers, oversee operations and finances
What are some advantages of Corporations? - 🧠 ANSWER ✔✔Limited
liability from owners, ease of transferring ownership, certain tax deductions,
ability to attract financing
What is the purpose of Joint Ventures? - 🧠 ANSWER ✔✔2 or more
companies that form an alliance for specific period of time.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
,What does FTC oversee? - 🧠 ANSWER ✔✔Oversees unfair business
practices.
What major case involves the commerce clause and what does it mean? -
🧠 ANSWER ✔✔Regulates state and international business and limits the
states powers. "NLRB vs. Steel Corp."
What are some circumstances that revolve around the 14th amendment? -
🧠 ANSWER ✔✔Warrantless searches
What was the purpose for the UN - 🧠 ANSWER ✔✔Developed as a
multilateral treaty to create peace and equality for women and children
What is a Ponzi/Scheme? - 🧠 ANSWER ✔✔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? - 🧠 ANSWER
✔✔Slander-spoken negative remarks about and individual or business;
Libel- written negative remarks about and individual or business
What is promissory estoppel? - 🧠 ANSWER ✔✔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
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
, reasonable, and the party attempting to recover detrimentally relied on the
promise.
What is a material breach of contract? - 🧠 ANSWER ✔✔When something
is promised and the complete opposite is done.
What is the purpose of the NLRB? - 🧠 ANSWER ✔✔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? - 🧠 ANSWER ✔✔When you can't gain employment
if you are not apart of the union
What is the difference between disparate treatment and disparate impact? -
🧠 ANSWER ✔✔Disparate is unintentionally discrimination
FTC mainly focuses on? - 🧠 ANSWER ✔✔Regulating business
competition; fair and misleading practices
Triple Bottom line refers to? - 🧠 ANSWER ✔✔How a company uses social
responsibility to assist people, planet, and profits.
Who protects against unfair/deceptive business practices? - 🧠 ANSWER
✔✔Consumer Protection Agency
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
