WGU D432 Study Guide for Objective
Assessment 2nd Attempt well
answered
Sole Proprietorship - correct answer ✔✔Most Common type of business entity
Place of incorporation and primary place of business - correct answer ✔✔Where can a
Corporation be sued?
Stockholders, Directors, and Officers - correct answer ✔✔What are 3 components of
corporations?
Set goals, hire officers, oversee operations and finances - correct answer ✔✔What is the role of
Board of Directors?
Limited liability from owners, ease of transferring ownership, certain tax deductions, ability to
attract financing - correct answer ✔✔What are some advantages of Corporations?
2 or more companies that form an alliance for specific period of time. - correct answer
✔✔What is the purpose of Joint Ventures?
Oversees unfair business practices. - correct answer ✔✔What does FTC oversee?
Regulates state and international business and limits the states powers. "NLRB vs. Steel Corp." -
correct answer ✔✔What major case involves the commerce clause and what does it mean?
, Warrantless searches - correct answer ✔✔What are some circumstances that revolve around
the 14th amendment?
Developed as a multilateral treaty to create peace and equality for women and children -
correct answer ✔✔What was the purpose for the UN
A payment of investment into a non existent firm from new investors to older investors; and the
process repeats - correct answer ✔✔What is a Ponzi/Scheme?
Slander-spoken negative remarks about and individual or business; Libel- written negative
remarks about and individual or business - correct answer ✔✔What are the 2x types of
defamation and explain them?
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 reasonable, and the
party attempting to recover detrimentally relied on the promise. - correct answer ✔✔What is
promissory estoppel?
When something is promised and the complete opposite is done. - correct answer ✔✔What is a
material breach of contract?
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. - correct
answer ✔✔What is the purpose of the NLRB?
When you can't gain employment if you are not apart of the union - correct answer ✔✔What is
a closed shop?
Disparate is unintentionally discrimination - correct answer ✔✔What is the difference between
disparate treatment and disparate impact?
Assessment 2nd Attempt well
answered
Sole Proprietorship - correct answer ✔✔Most Common type of business entity
Place of incorporation and primary place of business - correct answer ✔✔Where can a
Corporation be sued?
Stockholders, Directors, and Officers - correct answer ✔✔What are 3 components of
corporations?
Set goals, hire officers, oversee operations and finances - correct answer ✔✔What is the role of
Board of Directors?
Limited liability from owners, ease of transferring ownership, certain tax deductions, ability to
attract financing - correct answer ✔✔What are some advantages of Corporations?
2 or more companies that form an alliance for specific period of time. - correct answer
✔✔What is the purpose of Joint Ventures?
Oversees unfair business practices. - correct answer ✔✔What does FTC oversee?
Regulates state and international business and limits the states powers. "NLRB vs. Steel Corp." -
correct answer ✔✔What major case involves the commerce clause and what does it mean?
, Warrantless searches - correct answer ✔✔What are some circumstances that revolve around
the 14th amendment?
Developed as a multilateral treaty to create peace and equality for women and children -
correct answer ✔✔What was the purpose for the UN
A payment of investment into a non existent firm from new investors to older investors; and the
process repeats - correct answer ✔✔What is a Ponzi/Scheme?
Slander-spoken negative remarks about and individual or business; Libel- written negative
remarks about and individual or business - correct answer ✔✔What are the 2x types of
defamation and explain them?
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 reasonable, and the
party attempting to recover detrimentally relied on the promise. - correct answer ✔✔What is
promissory estoppel?
When something is promised and the complete opposite is done. - correct answer ✔✔What is a
material breach of contract?
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. - correct
answer ✔✔What is the purpose of the NLRB?
When you can't gain employment if you are not apart of the union - correct answer ✔✔What is
a closed shop?
Disparate is unintentionally discrimination - correct answer ✔✔What is the difference between
disparate treatment and disparate impact?
