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Intro to Business Law - Semester Final (Version 2)

Total questions: 70

Worksheet time: 44mins

Name
Class
Date
1.

This law sets the federal minimum wage and requires overtime pay for most hourly workers.

a)

Fair Labor Standards Act (FLSA)

b)

National Labor Relations Act (NLRA)

c)

Family and Medical Leave Act (FMLA)

d)

Occupational Safety and Health Act (OSHA)

2.

This type of worker is protected by minimum wage and overtime laws, unlike independent contractors.

a)

An employee

b)

A freelancer

c)

A business partner

d)

A volunteer

3.

Title VII of the Civil Rights Act of 1964 is a federal law that makes it illegal for employers to do what?

a)

Discriminate in hiring or employment based on race, color, religion, sex, or national origin

b)

Require resumes from all applicants

c)

Set a workplace dress code

d)

Check references before hiring

4.

This law requires employers to provide reasonable accommodations to qualified workers with disabilities.

a)

Americans with Disabilities Act (ADA)

b)

Fair Labor Standards Act (FLSA)

c)

Age Discrimination in Employment Act (ADEA)

d)

Employee Retirement Income Security Act (ERISA)

5.

This doctrine allows either the employer or employee to end employment at any time, for any legal reason, unless a contract says otherwise.

a)

Employment at-will

b)

Collective bargaining

c)

Wrongful discharge

d)

Whistleblower protection

6.

This is a legally enforceable agreement between two or more parties.

a)

A contract

b)

A memo

c)

An offer letter

d)

An arbitration award

7.

These are the three basic elements required for most valid contracts.

a)

Offer, acceptance, and consideration

b)

Offer, negotiation, and performance

c)

Invitation, meeting, and payment

d)

Acceptance, consent, and capacity

8.

This is what each party gives up or promises in order to make a contract valid.

a)

Consideration

b)

Capacity

c)

Consent

d)

Covenant

9.

This occurs when both parties clearly agree to the terms of a contract.

a)

Acceptance

b)

Offer

c)

Revocation

d)

Rescission

10.

A voidable contract is not enforceable if one party lacks legal capacity. Which are reasons someone may lack legal capacity? (Select all that apply)

a)

Being a minor

b)

Being mentally impaired

c)

Being intoxicated

d)

Being a creditor

11.

This type of property includes land and anything permanently attached to it.

a)

Real property

b)

Personal property

c)

Intellectual property

d)

Chattel

12.

Cars, phones, and clothing are examples of this type of property.

a)

Personal property

b)

Real property

c)

Intellectual property

d)

Public domain

13.

How long does a copyright last for?

a)

The life of the copyright holder plus 70 years

b)

20 years from filing

c)

100 years from creation

d)

Until registration expires

14.

This refers to the government’s power to take private property for public use, even if the owner doesn’t want to sell, as long as they receive "just compensation."

a)

Eminent domain

b)

Adverse possession

c)

Zoning

d)

Condemnation without compensation

15.

What are the three types of patents you can apply for?

a)

Utility

b)

Design

c)

Plant

d)

Trade Secret

16.

This is the person who authorizes another to act on their behalf.

a)

Principal

b)

Agent

c)

Beneficiary

d)

Trustee

17.

This is the person who acts on behalf of the principal.

a)

An agent

b)

A principal

c)

A judge

d)

A shareholder

18.

This type of authority is clearly stated, either verbally or in writing.

a)

Express authority

b)

Implied authority

c)

Apparent authority

d)

Emergency authority

19.

This type of relationship exists when one person is authorized to act on behalf of another.

a)

Agency relationship

b)

Partnership

c)

Joint venture

d)

Independent contractor arrangement

20.

This type of authority is not expressly stated but is necessary for an agent to carry out their assigned duties.

a)

Implied authority

b)

Express authority

c)

Apparent authority

d)

Delegated authority

21.

This is a crime that is less serious and usually punishable by fines or short jail sentences.

a)

Misdemeanor

b)

Felony

c)

Infraction

d)

Tort

22.

This type of crime is more serious and often punishable by long prison sentences.

a)

Felony

b)

Misdemeanor

c)

Civil offense

d)

Regulatory violation

23.

This constitutional protection prevents a person from being tried twice for the same crime.

a)

Double jeopardy

b)

Due process

c)

Miranda rights

d)

Habeas corpus

24.

Lying under oath is called...

a)

Perjury

b)

Libel

c)

Slander

d)

Forgery

25.

The doctrine that holds corporate officers responsible for employee crimes.

a)

Vicarious criminal liability

b)

Strict civil liability

c)

Respondeat superior (civil)

d)

Piercing the corporate veil

26.

Which of these is a source of law?

a)

Statutes

b)

Invoices

c)

Press releases

d)

Company newsletters

27.

This branch of government is responsible for making laws.

a)

Legislative branch

b)

Executive branch

c)

Judicial branch

d)

Administrative agencies

28.

What is the minimum prison term for a felony?

a)

Six months

b)

One year

c)

30 days

d)

90 days

29.

This federal agency protects consumers from unfair, deceptive, or misleading business practices.

a)

Federal Trade Commission (FTC)

b)

Food and Drug Administration (FDA)

c)

Securities and Exchange Commission (SEC)

d)

Consumer Product Safety Commission (CPSC)

30.

This area of law focuses on protecting buyers from unsafe products, false advertising, and unfair business practices.

a)

Consumer protection law

b)

Corporate law

c)

Real estate law

d)

Tax law

31.

This source of law comes from decisions made by judges in previous court cases and helps ensure similar cases are decided consistently.

a)

Case law (common law)

b)

Statutory law

c)

Administrative regulations

d)

Treaties

32.

This law sets the federal minimum wage and requires overtime pay for most hourly workers.

a)

National Labor Relations Act

b)

Family and Medical Leave Act

c)

Occupational Safety and Health Act

d)

Fair Labor Standards Act (FLSA)

33.

This type of worker is protected by minimum wage and overtime laws, unlike independent contractors.

a)

A volunteer

b)

A sole proprietor

c)

A freelancer

d)

An employee

34.

Title VII of the Civil Rights Act of 1964 is a federal law that makes it illegal for employers to do what?

a)

Discriminate in hiring based on protected traits

b)

Refuse to provide health insurance benefits

c)

Ask for professional references at interviews

d)

Require overtime during busy seasons

35.

This law requires employers to provide reasonable accommodations to qualified workers with disabilities.

a)

Americans with Disabilities Act (ADA)

b)

Equal Pay Act of 1963

c)

Fair Credit Reporting Act

d)

Worker Adjustment Retraining Notification

36.

This doctrine allows either the employer or employee to end employment at any time, for any legal reason, unless a contract says otherwise.

a)

Constructive Discharge

b)

Implied Covenant

c)

Collective Bargaining

d)

Employment At-Will

37.

This is a legally enforceable agreement between two or more parties.

a)

A corporate charter

b)

A contract

c)

A memorandum

d)

A policy manual

38.

What are the three basic elements required for most valid contracts?

a)

Witness

b)

Acceptance

c)

Consideration

d)

Offer

39.

This is what each party gives up or promises in order to make a contract valid.

a)

Indemnity

b)

Delegation

c)

Ratification

d)

Consideration

40.

This occurs when both parties clearly agree to the terms of a contract.

a)

Rescission

b)

Acceptance

c)

Assignment

d)

Novation

41.

A voidable contract is not enforceable if one party lacks legal capacity. Which are reasons that someone might not have legal capacity? (Select all that apply)

a)

Being intoxicated

b)

Being mentally impaired

c)

Being a non-US citizen

d)

Being a minor

42.

This type of property includes land and anything permanently attached to it.

a)

Real property

b)

Intangible property

c)

Movable property

d)

Intellectual property

43.

Cars, phones, and clothing are examples of this type of property.

a)

Fixture property

b)

Joint tenancy

c)

Public property

d)

Personal property

44.

How long does a copyright last for?

a)

Life of the author plus seventy years

b)

Twenty years from filing a patent

c)

As long as the trademark is used

d)

Ten years with one renewal term

45.

This refers to the government’s power to take private property for public use, even if the owner doesn’t want to sell, as long as they receive just compensation.

a)

Zoning variance

b)

Adverse possession

c)

Eminent domain

d)

Escheat to state

46.

What are the three types of patents you can apply for? (Select all that apply)

a)

Plant

b)

Utility

c)

Design

d)

Trade Secret

47.

This is the person who authorizes another to act on their behalf.

a)

Principal

b)

Trustee

c)

Creditor

d)

Guarantor

48.

This is the person who acts on behalf of the principal.

a)

A landlord

b)

A donee

c)

A bailee

d)

An agent

49.

This type of relationship exists when one person is authorized to act on behalf of another.

a)

Independent contract

b)

Fiduciary trust

c)

Agency relationship

d)

Bailment relationship

50.

This type of authority is not expressly stated but is necessary for an agent to carry out their assigned duties.

a)

Reserved authority

b)

Apparent authority

c)

Delegated authority

d)

Implied authority

51.

This is a crime that is less serious and usually punishable by fines or short jail sentences.

a)

Felony

b)

Violation

c)

Infraction

d)

Misdemeanor

52.

This type of crime is more serious and often punishable by long prison sentences.

a)

Summary offense

b)

Felony

c)

Petty offense

d)

Civil tort

53.

This constitutional protection prevents a person from being tried twice for the same crime.

a)

Double jeopardy

b)

Equal protection

c)

Due process

d)

Habeas corpus

54.

Lying under oath is called...

a)

Contempt

b)

Slander

c)

Libel

d)

Perjury

55.

The doctrine that holds corporate officers responsible for employee crimes

a)

Res judicata

b)

Respondeat superior

c)

Vicarious criminal liability

d)

Strict product liability

56.

Which is NOT a source of law?

a)

Court Decisions

b)

Administrative Rules

c)

Statutes

d)

Constitutions

e)

Legal Treatises

57.

This branch of government is responsible for making laws.

a)

Judicial branch

b)

Legislative branch

c)

Executive branch

d)

Administrative branch

58.

What is the minimum prison term for a felony?

a)

Two years

b)

One month

c)

Six months

d)

One year

59.

This federal agency protects consumers from unfair, deceptive, or misleading business practices.

a)

Food and Drug Administration (FDA)

b)

Occupational Safety and Health Administration (OSHA)

c)

Consumer Product Safety Commission (CPSC)

d)

Federal Trade Commission (FTC)

60.

This area of law focuses on protecting buyers from unsafe products, false advertising, and unfair business practices.

a)

Corporate governance law

b)

Property law

c)

Consumer protection law

d)

Contract law

61.

This source of law comes from decisions made by judges in previous court cases and helps ensure similar cases are decided consistently.

a)

Statutory law

b)

Administrative law

c)

Constitutional law

d)

Case law (common law)

62.

What do you call the decision of a jury?

4 lines
63.

A group of jurors that decide whether someone is indicted (charged) is called a (a)   jury.

64.

Which rights are in the Fifth Amendment? (Select all that apply)

a)

Due Process

b)

Freedom of Religion

c)

Remain Silent

d)

Double Jeopardy

65.
All contracts have to be in writing to be enforceable.
a)
True
b)
False
66.

The Supreme Court of the United States is the final interpreter of the federal Constitution.

a)

True

b)

False

67.

Civil laws are wrongs against _________, while criminal law are wrongs against ___________.

a)

society, government

b)

individuals, society

c)

government, society

d)

individuals, government

68.

The Supreme Law

a)

Constitutional Law

b)

Statutory Law

c)

Administrative Law

d)

Common Law

69.

Common Law is made by . . .

a)

congress

b)

senate

c)

courts

d)

elections

70.

The power a principal explicitly gives an agent in words, orally or in writing, to act for the principal

a)

express authority

b)

implied authority