Question

1. which of the following business entities are under state law?

sole propietership

LLC

P Corp

Limited partnership

all of the above

2. you and 20 other employees had access to a cash register. money is stolen out of it. which of the foloowing can your employer do legally regarding a polygraph test?

A. ask you to take it if you agreed

B. make you and the other 20 take it

C. fire whoever doesn't take it

D. fire whoever cannot pass the polygraph

E. B, C, and D

3. regarding the texas gulf case where geologists provided false reports of not finding anything. Issued a new block of stock (33 Act) that they were going to drill all the wells at the same time. All 9 hold came up dry. Who is guilty of insider trading

geologists

independent accountants that audit

lawyers who drew up the paperwork

engineers the made the drills

All of the above

4. A fire dept. offers a bonus for completing a physical course to men as incentive. you are the only woman in the fire dept. you have never completed the course. under equal pay act, what would likely happen?

You would win because you are a protected party, a woman

You would win because the men are paid more than you

you would lose if the frie dept. can show it is not biased and a fair course

you would lose, it is not a part of the equal pay act

5. A share holder proposal:

is a shareholder right

is done with proxy solicitation

rarely succeds

all of the above

6. how long do shareholders have to change their mind after already agreeing (accepting) to sell stock?

1 day (24 hours)

3 days

7 days

10 days

20 days

7. in what scandal did an executive take his wife on a lavish birthday celebration with company money to italy?

Adelphia

Tyco

WIC

World Com

Answer 1

1. All of the above business entities are covered under state law.

2. A. Ask you to take it if you agreed to the polygraph test.

3. In the Texas Gulf case of 1959, it was the independent accountants in charge of auditing who were responsible for insider trading and giving information about shares to their friends and relatives.

4. You would lose if the fire department can show that it is not biased and a fair course ( this is because the Equal Pay Act 1970 enlists that differential pay is allowed if an employer proves that any difference is genuinely due to a material factor, here of clearing the physical course rather than the difference of sex).