D216 BUSINESS LAW FOR ACCOUNTANTS
EXAMS WITH CORRECT SOLUTIONS
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 focuses on the consequences of an action. - 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 coordinator's actions legal and ethical?
The actions are legal and ethical.
The actions are legal but unethical.
The actions are illegal but ethical.
,The actions are illegal and unethical. - 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?
EXAMS WITH CORRECT SOLUTIONS
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 focuses on the consequences of an action. - 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 coordinator's actions legal and ethical?
The actions are legal and ethical.
The actions are legal but unethical.
The actions are illegal but ethical.
,The actions are illegal and unethical. - 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?
