Answer Happy

QUESTION 71
If apparent authority is present, the principal is liable for
even the unauthorized acts of the agent.
True
False
1 points
QUESTION 72
The bankruptcy of an agent automatically terminates an agency
relationship.
True
False
1 points
QUESTION 73
Which of the following persons is NOT an agent?
Diane, a shoe salesperson for a retail store.
Tim, a real estate broker for a large real estate company.
Craig, a telephone marketing employee.
Harold, a trustee to the beneficiaries of an estate.
1 points
QUESTION 74
How is consent established in an agency relationship?
The principal must ask the agent to do something and the agent
must agree.
The principal gives consideration to the agent.
The principal and agent must have a written, notarized
agreement.
All of these are correct.
1 points
QUESTION 75
In its most basic terms, a fiduciary relationship is one of
disclosure.
competition.
trust.
control.
1 points
QUESTION 76
An agent may not engage in inappropriate behavior that reflects
badly on the principal. This rule applies to conduct
during working hours.
only by public officials.
during both working hours and off-duty time.
during off-duty time.
1 points
QUESTION 77
Which of the following is a duty of a principal to an agent?
duty of loyalty
duty to indemnify for reasonable expenses
duty to provide information
All of these are correct.
1 points
QUESTION 78
Someone who is not paid for performing duties is a(n)
fiduciary agent.
charitable agent.
implied agent.
gratuitous agent.
1 points
QUESTION 79
When a principal is partially disclosed
only the principal can be liable.
the agent and principal will be only jointly liable on the
contract.
only the agent is liable.
the agent and principal will be jointly and severally liable on
the contract.
1 points
QUESTION 80
Under the Family and Medical Leave Act, an employee can take up
to 12 weeks of paid leave each year for certain personal and family
illness situations.
True
False
1 points
QUESTION 81
The National Labor Relations Act guarantees employees the right
to join unions.
True
False
1 points
QUESTION 82
Which of the following workers is entitled to unpaid leave under
the Family and Medical Leave Act?
Stanley, who works part time for a small coffee shop with 10
employees.
Marianne, who has worked full time for five years with
Microsoft.
Dakota, who works part time for Delta Air Lines.
All of these are correct.
1 points
QUESTION 83
Under the Fair Labor Standards Act, which of the following
scenarios is legal?
14-year-old Luis works full time bagging groceries at a
supermarket
12-year-old Molly works several hours per day on her family's
farm picking vegetables
13-year-old Dianna works five hours per week stocking shelves at
a drugstore
17-year-old Cole has taken a part-time job as a coal miner
working alongside his dad
1 points
QUESTION 84
When may an employer require an employee to submit to a lie
detector test?
when all employees are being questioned using a lie detector
when the test is part of an ongoing investigation into crimes
that have occurred
when the employee has been hired for less than 90 days
when the employer has reason to believe the employee is using
illegal drugs on the job
1 points
QUESTION 85
Under the federal legislation known as OSHA,
employers may monitor workers’ email messages if the monitoring
is done in the ordinary course of business and the employer
provides the email system.
employers must keep a record of recognized hazards used in the
workplace.
employers must keep records of positive results of workplace
drug tests.
employers must keep records of all workplace injuries.
1 points
QUESTION 86
What legislation did Congress pass in 1932 that prohibited
federal court injunctions in nonviolent labor disputes, thereby
declaring that workers should be permitted to organize unions and
use their collective power to achieve legitimate economic ends?
the Labor-Management Relations Act
the National Labor Relations Act
the Wagner Act
the Norris-LaGuardia Act
1 points
QUESTION 87
A design patent protects the appearance of an item and is valid
for 14 years.
True
False
1 points
QUESTION 88
A patent is available for an idea as well as a tangible
application.
True
False
1 points
QUESTION 89
The vast majority of patents that are issued are
intellectual patents.
utility patents.
plant patents.
design patents.
1 points
QUESTION 90
Of the following, which is an advantage of trademark
registration?
It can't be used as an internet domain name.
It allows the trademark owner to use the TM symbol to put others
on notice of the protection.
Potential damages are lower.
After five years the mark becomes almost impossible to
challenge.
1 points
QUESTION 91
Intellectual property is
exclusive.
protected in the same way as land.
expensive to produce, copy, and transmit.
expensive to produce but cheap to reproduce and transmit.
1 points
QUESTION 92
Which is NOT a provision of the Digital Millennium Copyright
Act?
It is illegal to use copyrighted material under any
circumstances without permission of the creator.
It is illegal to circumvent encryption or scrambling
technologies that protect copyrighted works.
It is illegal to distribute tools and technologies designed to
circumvent encryption devices.
It is illegal to delete copyright information or distribute
false copyright information.
1 points
QUESTION 93
What is the best definition of a trade secret?
The right of an inventor to prevent others from making, using,
or selling his inventions for a limited time.
A formula, device, process, method, or compilation of
information that, when used in business, gives the owner an
advantage over competitors.
The right of a creator to exclusively reproduce, distribute, and
perform her work for a limited time.
Any combination of words and symbols that a business uses to
identify its products or services and distinguish them from
others.
1 points
QUESTION 94
A company's trade secret lasts for
as long as it is kept confidential.
70 years after the death of the creator.
20 years after the application is filed.
10 years, but it can be renewed for an unlimited number of terms
as long as it is used.
1 points
QUESTION 95
What is the name of the treaty that allows American patents to
be recognized and enforced in member countries?
the Berne Convention
the International Treaty of Trademarks and Patents
the World Agreement of London
the Paris Convention for the Protection of Industrial
Property
1 points
QUESTION 96
The Consumer Financial Protection Bureau (CFPB) was created to
represent consumers by filing suit in federal court asking for
damages on behalf of the injured consumer.
True
False
1 points
QUESTION 97
An employer cannot request a consumer report on a potential
employee without that person's permission.
True
False
1 points
QUESTION 98
For the FTC to consider a practice to be unfair,
it must meet a three-part test. Which of the following is NOT one
of those tests?
The practice causes a substantial consumer injury.
The harm of the injury outweighs any countervailing benefit.
The consumer had no reasonable way to recoup lost funds from the
injury.
The consumer could not reasonably avoid the injury.
1 points
QUESTION 99
Under the Fair and Accurate Credit Transactions Act (FACTA),
a creditor may not discriminate against a borrower on the basis
of race, sex, religion, or age.
a credit card company must promptly investigate and respond to
any consumer complaints about a credit card bill.
a debt collector may not harass or abuse debtors.
a consumer has the right to obtain one free credit report every
year from each of the three major reporting agencies.
1 points
QUESTION 100
"Bait-and-switch" is
advertising certain goods and then pressuring the customer to
buy different, more expensive goods.
selling the store brand at a lower price than the national
brand.
placing the store brand and the national brand side-by-side in a
store to confuse customers.
advertising a product for sale and then giving the customer a
rain check.
1 points