Management Test Questions

MGT 320 Opening Exercises

Week 1
1. Marbury v. Madison established:
a. Judicial review
2. Which of the following is not a primary source of law?
a. Journal articles
3. All of the following are different theories of jurisprudence except:
a. The Uniform Commercial Code
4. Litigation is imperative in cases involving business dealing to establish all of the following except:
a. Moral conduct
5. ______ refers to the various administrative bureaucracies in government, sometimes termed the unofficial “fourth branch of government”
a. administrative law

Week 2
1. The U.S. Constitution created the structure of the federal government to include which of the following branches?
a. Executive, legislative, judicial
2. A party’s “bottom line” in a negotiation is known as a _______.
a. Reservation point
3. _____ is the study of standards of business behavior that promote human welfare and the common good.
a. Business ethics
4. Which of the following is NOT a common method of alternative dispute resolution?
a. Litigation
5. Federalism refers to ______.
a. The division and sharing of power between state and federal governments

Week 3
1. Under the ______ doctrine, workers in the United States are free to work for whomever they want to, and employers are free to hire whomever they want to, and fire them at will.
a. Employment-at-will
2. What is the most common form of doing business in the United States?
a. Sole proprietorship
3. Which of the following is the most important federal civil rights law?
a. The Civil Rights Act of 1964
4. Which of the following does not raise an ethical issue in employment law?
a. Refusing to hire a minor for work involving dangerous activities
5. The doctrine of __________ permits the court to attach personal liability directly to shareholders in certain instances.
a. Piercing the corporate veil
Week 4
1. Quasi-contract ________.
a. Is a type of equitable remedy that may be imposed on parties to avoid unjust enrichment to one party at the expense of the other.
2. Which of the following is not an equitable remedy?
a. Money damages
3. Identify the elements of contract formation
a. Offer, acceptance, and consideration
4. The Uniform Commercial Code (UCC) article 2 _______.
a. Governs contracts between a merchant and the sale of goods
5. Which of the following requires certain types of contracts to be in writing to be enforceable?
a. The Statute of Frauds

Week 5
1. The oral form of defamation is considered:
a. Slander
2. To prove negligence, plaintiffs have to demonstrate four elements are present. The first element is that the plaintiff has to:
a. Demonstrate that the defendant owed a duty of care
3. Consumer protection laws include all of the following, EXCEPT:
a. Intellectual property
4. Strict liability is:
a. Imposed in certain situation without regard to fault or due care
5. One example of tort reform is:
a. Caps on damages

Week 6
1. identify the best definition of real property
a. it is land and certain things that are attached to it
2. a _____ is something that used to be personal property but has become attached to the land so that it is legally a part of the land.
a. Fixture
3. ______ is the right of the public, under circumstances laid out in copyright and trademark law, to use protected intellectual property without permission.
a. Fair use
4. A ______ is a federal right granted to inventors for processes, machines, and compositions of matter.
a. Patent
5. To be successful under the doctrine of adverse possession, several elements must be met. Which of the following is one of them?
a. The possession must be hostile

Week 7
1. The standard of proof in a criminal trial is ________.
a. Beyond a reasonable doubt
2. Identify the correct statement about criminal law when compared to civil law.
a. An attorney is provided if the defendant cannot afford 1
3. Identify the correct statement about white-collar crimes
a. These crimes are committed in the professional work environment for financial gain through the use of deception.
4. Which of the following is not a punishment theory?
a. Paying fines
5. Which of the following is false about whistleblowers?
a. The Sarbanes-Oxley Act is entirely devoted to whistleblower protection

Week 8
1. Which statement is FALSE regarding international business?
a. Bribery in the form of grease payments is illegal in all countries.
2. All of the following practices are discouraged under antitrust legislation EXCEPT:
a. Conducting international business
3. Antitrust laws were established to:
a. Regulate market power of companies and prevent monopolies
4. All of the following are antitrust laws EXCEPT:
a. Foreign corrupt practices act
5. Which of the following is true about grease payments?
a. Such payments are legal only if they are also legal under the laws of the country where the grease payments take place