Economics Quiz

Question 1
5 out of 5 points
Correct
Which of the following is a type of law referencing formal rules embodied in judicial decisions rendered by courts?
Answer
Selected Answer:
Public
Correct Answer:
Public
Question 2
5 out of 5 points
Correct
Which of the following is not one of the four primary public policy objectives furthered by laws and regulations applicable to U.S. business?
Answer
Selected Answer:
Promoting governmental regulation
Correct Answer:
Promoting governmental regulation
Question 3
5 out of 5 points
Correct
Which of the following was enacted after widespread abuses in the subprime mortgage market?
Answer
Selected Answer:
The Dodd-Frank Wall Street Reform and Consumer Protection Act
Answer
Selected Answer:
Distributive, compensatory, and retributive
Correct Answer:
Distributive, compensatory, and retributive
Question 17
5 out of 5 points
Correct
According to the Delaware Supreme Court, when does the role of a director shift from being a “protector of the corporate bastion” to being an “auctioneer” charged with obtaining the highest realizable short-term value for the shareholders?
Answer
Selected Answer:
Only when the breakup of the corporation or a change of control has become inevitable
Correct Answer:
Only when the breakup of the corporation or a change of control has become inevitable
Question 18
0 out of 5 points
Incorrect
Which of the following is not an example of St. Thomas Aquinas’ requirements for a law to be just?
Answer
Selected Answer:
The law must be consonant with a reasoned determination of the universal good.
Correct Answer:
The law must be formed to promote a private benefit to the majority.
Question 19
5 out of 5 points
Correct
Monica tells all her employees that she expects them to treat others as they would like to be treated. Which of following is a descriptive term for Monica’s