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
QUESTION The North American Free Trade Agreement (NAFTA) is governed under international law. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Treaties and trade agreements together constitute one source of international law, law that governs activities between nations.
Date: September 3rd, 2020
QUESTION Which of the following, if true, makes it prudent for Jorge to take Felicia’s advice? A) If Jorge doubles his investment, he will be able to make a down payment on a sports car he really wants to own. B) Jorge wishes he had taken a chance on purchasing a platinum contract last year, […]
Date: September 3rd, 2020
QUESTION Suzanne contends that her landlord, Felipe, needs to replace the nonworking stove in her apartment. Felipe says there is nothing in the lease requiring him to provide a stove to his tenant. Suzanne says that because he provided a stove when she moved in, he is required to maintain it and replace it if […]
Date: September 3rd, 2020
QUESTION Which of the following, if true, most weakens Amatriya’s argument? A) In a downturn, growth stocks tend to decline in value much more dramatically than blue-chip stocks. B) The last recession was the most serious one in more than 75 years. C) The owners of Forbes magazine have an extensive portfolio of bonds. D) […]
Date: September 3rd, 2020
QUESTION Administrative laws pertain only to a company’s administrative personnel. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: Administrative laws are generated by government administrative bodies.
Date: September 3rd, 2020
QUESTION Which of the following, if true, most weakens Felicia’s argument? A) Even among experienced traders, 85 percent of commodity trades lead to losses rather than profits. B) Precious metals continue to appreciate in value, but not as rapidly as they did last year. C) Felicia balances her commodities investments among several different products. D) […]
Date: September 3rd, 2020
