QUESTION The decisions judges made in past court cases in similar areas, which become guides to handling new cases, are called what? A) statutes B) regulatory laws C) treaties D) trade agreements E) precedents ANSWER Answer: E Explanation: E) Precedents are the decisions judges made in past court cases in similar areas, which become […]
QUESTION When treaties and trade agreements do not cover points of contention between nations, which of the following bodies sometimes makes decisions that affect international business? A) the United Nations B) the United States C) the European Trade Union D) Canada E) the Peace Corps ANSWER Answer: A Explanation: A) Decisions of international organizations […]
QUESTION A case that began in a state administrative agency, such as a planning board, and then went to a state trial court, could go where next? A) to a U.S. appellate court B) to a federal trial court C) to a federal special court D) to the U.S. Supreme Court E) to a state […]
QUESTION The Consumer Product Safety Commission, the Environmental Protection Agency, and the Federal Communications Commission are all federal agencies with the power to create and enforce rules and regulations. They are all mainly involved with which type of law? A) common law B) statutory law C) international law D) administrative law E) national law […]
QUESTION All of the following might be a possible result of taking Felicia’s advice EXCEPT which one? A) Jorge purchases several truckloads of corn and loses money on the storage costs. B) Jorge chooses a commodity that becomes very desirable and makes him a lot of money. C) Jorge chooses a commodity that declines rapidly […]
QUESTION If Jorge takes Felicia’s advice, what is the most important information to learn before he places an order? A) What is the difference between a futures contract and a commodity exchange? B) Can commodities be traded as part of an exchange-traded fund? C) What market factors might make a given commodity rise in price […]
QUESTION What is the point at issue between Amatriya and Tatsuya? A) Which investment strategy should Amatriya and Tatsuya use to manage their portfolio? B) How much money do they need in their portfolio to support the post-retirement lifestyle they plan to have? C) Can growth stocks increase in value more rapidly than blue-chip stocks? […]
QUESTION Which of the following, if true, most weakens Tatsuya’s argument? A) Tatsuya is an economics professor with a clear understanding of investments. B) Forbes magazine is respected by many investors as a source of sound financial advice. C) Just before the recession, their broker recommended that they move funds from stocks to bonds. D) […]
QUESTION Which of the following is the most important assumption that underlies Brandon’s advice? A) The industries represented by BoxCorps and Excelsior are likely to grow at the same rate in the next few years. B) Overall, stock market indices like NASDAQ and the Dow Jones are likely to grow to new highs in the […]
QUESTION Which of the following, if true, BEST supports Amatriya’s approach to augmenting the couple’s retirement savings? A) Forbes magazine reports that economic markets indicate that the European economy is about to enter an extended period of decline. B) Over a ten-year period, an aggressive growth-oriented portfolio usually outperforms a more conservative one. C) Many […]
