QUESTION Jane, a 45-year-old who had suffered brain injury as a result of an aneurysm, was walking by a hot tub dealership when the salesperson invited her in to look at his newest model spa. When the salesperson told Jane she could own the tub, Jane was very excited. She agreed to the payment plan […]
Date: September 3rd, 2020
QUESTION Statutory laws can be written by the U.S. Congress, city councils, and state legislatures. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Statutory laws, called statutes, are written laws that are created by legislative bodies.
Date: September 3rd, 2020
QUESTION The Consumer Financial Protective Bureau, an independent agency housed in the Federal Reserve with its own budget and director and the authority to prevent or correct financial abuses, was set up as an attempt to try to prevent another big financial crisis. It is responsible for financial consumer protection. The CFPB is an example […]
Date: September 3rd, 2020
QUESTION Implied warranties represent only guarantees of terms specifically stated by the seller. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: An implied warranty may represent terms not specifically stated by the seller.
Date: September 3rd, 2020
QUESTION Which of the following, if true, LEAST supports the decision to sell BoxCorps and purchase Excelsior as a prudent financial move? A) BoxCorps recently split its shares by two-for-one, so the club now owns twice as many shares of its stock as before. B) The club owns preferred stock of BoxCorps, while the shares […]
Date: September 3rd, 2020
QUESTION Which of the following, if true, BEST supports the decision to sell BoxCorps and purchase Excelsior as a prudent financial move? A) BoxCorps has consistently underperformed, compared with stocks in its industry. B) Most of Brandon’s previous recommendations have proved to be profitable for the club. C) The stock of Krebs GmbH, a European […]
Date: September 3rd, 2020
QUESTION The other members agree with Brandon’s logic and vote to sell BoxCorps and buy Excelsior. All of the following, EXCEPT which one, could be a potential result? A) Excelsior fails as a business, and the club loses all of the money it invested in it. B) Excelsior is bought out by a bigger medical […]
Date: September 3rd, 2020
QUESTION Business law is the legal framework in which business is conducted. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Business is done with the presumption that relevant laws are being followed.
Date: September 3rd, 2020
QUESTION Marcia was having her kitchen rebuilt. She claims that her contractor used materials Marcia had paid for in rehabbing someone else’s kitchen, and she sued the contractor. In court, because the contractor was presumed innocent until proven guilty, he was benefitting from an administrative law. Indicate whether the statement is true or false. […]
Date: September 3rd, 2020
QUESTION The answer to which of the following questions would be most helpful in resolving the disagreement between Larisa and Karola? A) What are the commissions and services offered by the specific brokers the two are considering? B) Should the two confer with a colleague who has more experience in investments? C) Will they invest […]
Date: September 3rd, 2020
