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WGU D432 Study Guide for Objective
Assessment 2nd Attempt 2025/2026
Exam Questions and Answers | 100%
Pass
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
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COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
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What is the purpose of Joint Ventures? - 🧠 ANSWER ✔✔2 or more companies that
form an alliance for specific period of time.
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
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COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
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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? - 🧠 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
3
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
WGU D432 Study Guide for Objective
Assessment 2nd Attempt 2025/2026
Exam Questions and Answers | 100%
Pass
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
1
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,2
What is the purpose of Joint Ventures? - 🧠 ANSWER ✔✔2 or more companies that
form an alliance for specific period of time.
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
2
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, 3
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? - 🧠 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
3
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
