MGMT 254 FINAL EXAM QUESTIONS AND ANSWERS | MGMT 254 FINAL EXAM STUDY GUIDE
& PRACTICE TEST 2026/2027
A state supreme court hears every case a party appeals to it. - ✔✔False
Equity steps in to fill the gaps and provide justice when the law is inadequate. - ✔✔True
Arbitration is a dispute making process that occurs in a court of law. - ✔✔False
Procedural law delineates the steps that must be adhered to when enforcing rights and liabilities. -
✔✔True
When the parties opt to mediate to settle disputes, the losing party generally can appeal from such
mediation to a court. - ✔✔True
Uniform state laws were adopted by individual states after being written by Congress - ✔✔False
A judge rules on the admissibility of evidence presented in the trial. - ✔✔True
The time-honored rules that courts used to solve similar problems for hundreds of years or decades is
called precedent. - ✔✔False
Administrators can create regulations that have the force of law. - ✔✔True
Daniel asserts he had a legal right. Daniel is really saying he has an obligation to perform or refrain from
performing an act. - ✔✔False
In the US, money is the default remedy in many civil disputes. However, when the law does not offer an
adequate remedy through money, ________ is a body of law that provides justice. - ✔✔Equity
You are not protected from unreasonable searches by the right to privacy in which of the following
scenarios: - ✔✔in the commission of a crime.
The right to privacy means that individuals - ✔✔are protected against intrusions by individuals.
The Securities Exchange Commission (SEC) was created as part of an act of Congress. The SEC creates: -
✔✔administrative regulations.
Suppose Devonne signs a contract to purchase a cottage from Anthony, but Anthony later refuses to
transfer title to the cottage to Devonne. Devonne could force Anthony to transfer title to the cottage by
asking a court for an order of .... - ✔✔Not: substantive law.
A right is defined as: - ✔✔a legal capacity to require another party to preform an action.
,Which of the following is/are an example of limited or special jurisdiction court/s? - ✔✔Probate,
Juvenile, and Domestic Relations Court
Allison is called as a witness in a robbery trial to testify for the prosecution. When testifying at trial,
Allison will undergo ______ by the prosecutor, and a(n) ________ by defense counsel. - ✔✔direct
examination, cross-examination
The types of civil cases that a private citizen can file in federal district courts include: - ✔✔cases
between citizens of different states that involve damages of $75,000 or more
Substantive law: - ✔✔creates, defines, and regulates rights and liabilities
Requiring buyers to purchase one product in order to get another is acceptable practice and not a
violation of the Sherman Act. - ✔✔False
A court will not reverse an agency's decision merely because the court would have made a different
decision based on the same facts. - ✔✔True
Under the Sunshine Act of 1976, called the open meeting law, the federal government requires most
meetings of major administrative agencies to be open to the public. - ✔✔True
A federal agency planning to adopt a new regulation must give public notice of such intent and then hold
a hearing at which members of the public may express their views and make suggestions. - ✔✔True
The Sunshine Act requires most meetings of major administrative agencies to be open to the public. -
✔✔True
In an administrative hearing, an administrative law judge hears the complaint and has the authority to
swear witnesses, take testimony, make evidentiary rulings, and make a decision to recommend to the
administrative agency heads for action. - ✔✔True
A person who is harmed by a conspiracy that violates the Sherman Antitrust Act may sue the wrongdoers
for treble damages, which is four times the actual damages. - ✔✔False
An agreement to charge an agreed-upon price or to set maximum or minimum prices between or among
competitors is called price fixing but it is not per se a violation of the Sherman Act. - ✔✔False
Boycotts are always illegal, even when done with good intentions. - ✔✔True
Nobel economist Milton Friedman believes that government regulation of business interferes with the
free enterprise system. - ✔✔True
To satisfy the requirements of due process, an agency handling a complaint must generally______,
although there is no right to __________. - ✔✔give notice and hold a hearing, trial by jury before an
agency.
When the FTC or DOJ evaluate mergers under the Clayton Act, they can request a divesture order which
is: - ✔✔Not: An order by a quarter requiring an enterprise to dispose of its inventory.
, You've been asked what a significant difference between an illustrative agency hearing and tell your
friend the key difference is that: - ✔✔There is no right of trial by jury before the agency.
Congress is a bill that would create a new agency. As the legislative director to Sen. James Smith, You
need to tell him what administration agencies can do. In general, an administrative agency can be
created to perform: - ✔✔all three of the functions of government.
You work for the attorney general of the state of New York, who is annoyed at what he believes is
improper raised prices. If this is the effect of an antitrust violation to raise prices, then - ✔✔the state
attorney general may bring a class action suit for damages
Before an agency can begin rule making proceedings it must be given jurisdiction - ✔✔by congressional
enactment in the form of a statute
Utah Pie was a company that was harmed by a violation of the Sherman Act. As a result, Utah Pie, as a
person or enterprise harmed by a Sherman Act violation, could bring an action for - ✔✔Treble damages
Under the ____________ Amendment, agency officials have the right to conduct _____________ with a
warrant, but a(n) __________ inspection is permitted when violations are dangerous to public health
and safety - ✔✔Fourth, inspections, warrantless
You've just reviewed the Microsoft case we discussed in class and want to test your understanding of its
concepts. A(n) ___________ occurs when the seller makes a buyer who wants to purchase one product
buy an additional product that he or she does not want - ✔✔tying agreement
a trespass to personal property is an unpermitted entry below, on, across, or above the land of another -
✔✔false
The shopkeeper's privilege gives store managers the absolute right to detain anyone they believe has
shoplifted for an indeterminate period of time - ✔✔false
Because a corporation is not a human being, it cannot be convicted of a crime - ✔✔false
Jon manages a Stop & Shop. His employee blackmails an official on behalf of the store. Because it is a
business crimes, Jon cannot be held criminally responsible for the conduct of his employee - ✔✔false
There are several defenses available when the standard of strict liability is applied - ✔✔true
The use of someone's car without person's permission is a trespass to personal property - ✔✔true
Due process includes the right to be heard, question witness, and present evidence - ✔✔true
Assault is the wrongful touching of another person without that person's consent - ✔✔false
A crime consists of three elements: the mental state, the intent, and the act - ✔✔false
& PRACTICE TEST 2026/2027
A state supreme court hears every case a party appeals to it. - ✔✔False
Equity steps in to fill the gaps and provide justice when the law is inadequate. - ✔✔True
Arbitration is a dispute making process that occurs in a court of law. - ✔✔False
Procedural law delineates the steps that must be adhered to when enforcing rights and liabilities. -
✔✔True
When the parties opt to mediate to settle disputes, the losing party generally can appeal from such
mediation to a court. - ✔✔True
Uniform state laws were adopted by individual states after being written by Congress - ✔✔False
A judge rules on the admissibility of evidence presented in the trial. - ✔✔True
The time-honored rules that courts used to solve similar problems for hundreds of years or decades is
called precedent. - ✔✔False
Administrators can create regulations that have the force of law. - ✔✔True
Daniel asserts he had a legal right. Daniel is really saying he has an obligation to perform or refrain from
performing an act. - ✔✔False
In the US, money is the default remedy in many civil disputes. However, when the law does not offer an
adequate remedy through money, ________ is a body of law that provides justice. - ✔✔Equity
You are not protected from unreasonable searches by the right to privacy in which of the following
scenarios: - ✔✔in the commission of a crime.
The right to privacy means that individuals - ✔✔are protected against intrusions by individuals.
The Securities Exchange Commission (SEC) was created as part of an act of Congress. The SEC creates: -
✔✔administrative regulations.
Suppose Devonne signs a contract to purchase a cottage from Anthony, but Anthony later refuses to
transfer title to the cottage to Devonne. Devonne could force Anthony to transfer title to the cottage by
asking a court for an order of .... - ✔✔Not: substantive law.
A right is defined as: - ✔✔a legal capacity to require another party to preform an action.
,Which of the following is/are an example of limited or special jurisdiction court/s? - ✔✔Probate,
Juvenile, and Domestic Relations Court
Allison is called as a witness in a robbery trial to testify for the prosecution. When testifying at trial,
Allison will undergo ______ by the prosecutor, and a(n) ________ by defense counsel. - ✔✔direct
examination, cross-examination
The types of civil cases that a private citizen can file in federal district courts include: - ✔✔cases
between citizens of different states that involve damages of $75,000 or more
Substantive law: - ✔✔creates, defines, and regulates rights and liabilities
Requiring buyers to purchase one product in order to get another is acceptable practice and not a
violation of the Sherman Act. - ✔✔False
A court will not reverse an agency's decision merely because the court would have made a different
decision based on the same facts. - ✔✔True
Under the Sunshine Act of 1976, called the open meeting law, the federal government requires most
meetings of major administrative agencies to be open to the public. - ✔✔True
A federal agency planning to adopt a new regulation must give public notice of such intent and then hold
a hearing at which members of the public may express their views and make suggestions. - ✔✔True
The Sunshine Act requires most meetings of major administrative agencies to be open to the public. -
✔✔True
In an administrative hearing, an administrative law judge hears the complaint and has the authority to
swear witnesses, take testimony, make evidentiary rulings, and make a decision to recommend to the
administrative agency heads for action. - ✔✔True
A person who is harmed by a conspiracy that violates the Sherman Antitrust Act may sue the wrongdoers
for treble damages, which is four times the actual damages. - ✔✔False
An agreement to charge an agreed-upon price or to set maximum or minimum prices between or among
competitors is called price fixing but it is not per se a violation of the Sherman Act. - ✔✔False
Boycotts are always illegal, even when done with good intentions. - ✔✔True
Nobel economist Milton Friedman believes that government regulation of business interferes with the
free enterprise system. - ✔✔True
To satisfy the requirements of due process, an agency handling a complaint must generally______,
although there is no right to __________. - ✔✔give notice and hold a hearing, trial by jury before an
agency.
When the FTC or DOJ evaluate mergers under the Clayton Act, they can request a divesture order which
is: - ✔✔Not: An order by a quarter requiring an enterprise to dispose of its inventory.
, You've been asked what a significant difference between an illustrative agency hearing and tell your
friend the key difference is that: - ✔✔There is no right of trial by jury before the agency.
Congress is a bill that would create a new agency. As the legislative director to Sen. James Smith, You
need to tell him what administration agencies can do. In general, an administrative agency can be
created to perform: - ✔✔all three of the functions of government.
You work for the attorney general of the state of New York, who is annoyed at what he believes is
improper raised prices. If this is the effect of an antitrust violation to raise prices, then - ✔✔the state
attorney general may bring a class action suit for damages
Before an agency can begin rule making proceedings it must be given jurisdiction - ✔✔by congressional
enactment in the form of a statute
Utah Pie was a company that was harmed by a violation of the Sherman Act. As a result, Utah Pie, as a
person or enterprise harmed by a Sherman Act violation, could bring an action for - ✔✔Treble damages
Under the ____________ Amendment, agency officials have the right to conduct _____________ with a
warrant, but a(n) __________ inspection is permitted when violations are dangerous to public health
and safety - ✔✔Fourth, inspections, warrantless
You've just reviewed the Microsoft case we discussed in class and want to test your understanding of its
concepts. A(n) ___________ occurs when the seller makes a buyer who wants to purchase one product
buy an additional product that he or she does not want - ✔✔tying agreement
a trespass to personal property is an unpermitted entry below, on, across, or above the land of another -
✔✔false
The shopkeeper's privilege gives store managers the absolute right to detain anyone they believe has
shoplifted for an indeterminate period of time - ✔✔false
Because a corporation is not a human being, it cannot be convicted of a crime - ✔✔false
Jon manages a Stop & Shop. His employee blackmails an official on behalf of the store. Because it is a
business crimes, Jon cannot be held criminally responsible for the conduct of his employee - ✔✔false
There are several defenses available when the standard of strict liability is applied - ✔✔true
The use of someone's car without person's permission is a trespass to personal property - ✔✔true
Due process includes the right to be heard, question witness, and present evidence - ✔✔true
Assault is the wrongful touching of another person without that person's consent - ✔✔false
A crime consists of three elements: the mental state, the intent, and the act - ✔✔false
