QUIZ 5 - BUL3320 ACTUAL LATEST
QUESTIONS AND ANSWERS
When a court of review examines the findings of fact made by an
administrative agency, which of the following statements is true? - ANSWER-
The court does not make an independent determination of fact.
Which of the following statements is true of the triple damages awarded to
the injured parties under the Sherman Act? - ANSWER-Legislation allows both
federal and state governments to file a suit for triple damages.
If there is no deception or antitrust violation involved, which of the following
is a question the Federal Trade Commission asks to determine if business
conduct is "unfair"? - ANSWER-Is the conduct moral, ethical, and in the best
interest of the business?
Fields Tech School decides to expand and open a new campus in another
state. Rather than acquiring land and building new buildings, the school
board decides to merge with an existing school, Fennelstate, which has
similar programs in the other state. Fennelstate is a small commuter school
with the majority of the students from the same state. The merger between
Fields Tech School and Fennelstate is best described as a ________. - ANSWER-
geographic extension merger
The ________, announced by the Supreme Court in Standard Oil Co. v. United
States, holds that contracts or conspiracies in restraint of trade are illegal
only if they constituted undue or unreasonable restraints of trade and that
only unreasonable attempts to monopolize are covered by the Sherman Act.
- ANSWER-rule of reason
Which of the following statements is true of liability of partners in a general
partnership? - ANSWER-A partner having unlimited liability will be jointly and
severally liable for the partnership's obligations.
The ________ function of an administrative agency may be accomplished by
making reports to the president or to Congress. - ANSWER-advisory
Which of the following statements is true of the functionality of agencies
providing services? - ANSWER-Social Security programs necessitate that
there be a federal agency to determine eligibility and pay benefits.
QUESTIONS AND ANSWERS
When a court of review examines the findings of fact made by an
administrative agency, which of the following statements is true? - ANSWER-
The court does not make an independent determination of fact.
Which of the following statements is true of the triple damages awarded to
the injured parties under the Sherman Act? - ANSWER-Legislation allows both
federal and state governments to file a suit for triple damages.
If there is no deception or antitrust violation involved, which of the following
is a question the Federal Trade Commission asks to determine if business
conduct is "unfair"? - ANSWER-Is the conduct moral, ethical, and in the best
interest of the business?
Fields Tech School decides to expand and open a new campus in another
state. Rather than acquiring land and building new buildings, the school
board decides to merge with an existing school, Fennelstate, which has
similar programs in the other state. Fennelstate is a small commuter school
with the majority of the students from the same state. The merger between
Fields Tech School and Fennelstate is best described as a ________. - ANSWER-
geographic extension merger
The ________, announced by the Supreme Court in Standard Oil Co. v. United
States, holds that contracts or conspiracies in restraint of trade are illegal
only if they constituted undue or unreasonable restraints of trade and that
only unreasonable attempts to monopolize are covered by the Sherman Act.
- ANSWER-rule of reason
Which of the following statements is true of liability of partners in a general
partnership? - ANSWER-A partner having unlimited liability will be jointly and
severally liable for the partnership's obligations.
The ________ function of an administrative agency may be accomplished by
making reports to the president or to Congress. - ANSWER-advisory
Which of the following statements is true of the functionality of agencies
providing services? - ANSWER-Social Security programs necessitate that
there be a federal agency to determine eligibility and pay benefits.
