Saint Leo MGT 102 - When a court holds shareholders personallyQuestionQ1. When a court holds shareholders personally liable for corporate debts it is said to be:a. piercing the corporate veilb. openin

Saint Leo MGT 102 - When a court holds shareholders personally

Question

Q1. When a court holds shareholders personally liable for corporate debts it is said to be:

a. piercing the corporate veil

b. opening the corporate veil

c. closing the corporate veil

d. tearing the corporate veil

e. cutting the corporate veil

Q2. By law, shareholders in a corporation must be given stock certificates as a sign of formal ownership.

a. true

b. false

Q3. The key elements of a franchise agreement include:

a. the use of franchise manual

b. the schedule of meal times for employees

c. the fee and royalty payments

d. the use of franchise manual and the fee and royalty payments

e. the use of franchise manual and the fee and royalty payments and the schedule of meal times for employees

Q4. Under traditional common law rules, if you wanted to sue a partnership you had to:

a. sue each partner individually

b. sue the partnership as a group

c. sue the state on behalf of the partnership

d. have the state sue the partnership

e. wait until the partnership was incorporated to sue

Q5. Double taxation on profits is:

a. a disadvantage to the corporate form of organization

b. an advantage to the corporate form of organization

c. an incentive for governments to lower sales taxes for corporations

d. a driving force behind the trend of businesses moving overseas

e. a clever economic strategy

Q6. The secretary of state in most state is the official who decides if corporations will be issued charters and rejects those believed to be unsound businesses.

a. true

b. false

Q7. A certification of incorporation from the government:

a. gives a business monopoly privileges

b. is necessary for a corporation to be recognized legally

c. must be obtained by all limited partnerships

d. is necessary or a corporation to be recognized legally and must be obtained by all limited partnerships

Q8. Limited liability companies are guided by an operating agreement.

a. true

b. false

Q9. The _____________, which is required by the Franchise Rule, enables prospective investors to learn about the background of the business.

a. offering circular

b. offering document

c. offering disclosure

d. circular offering

e. circular document

Q10. Lockouts are legal as long as:

a. there is no evidence of bad intent

b. there is evidence of non-violent attempts to break a union

c. there is physical force involved

d. there is not any physical force involved

Q11. Protected concerted activities under the NLRA, that covers all workers, unionized or not, include:

a. refusal to work because of unreasonable hazards

b. refusal to work in freezing conditions without protection

c. refusal to work due to conditions that endanger health

d. refusal to work in freezing conditions without protection and refusal to work due to conditions that endanger health

e. refusal to work in freezing conditions without protection and refusal to work due to conditions that endanger health and refusal to work because of unreasonable hazards

Q12. Featherbedding, the illegal use of union funds for the personal benefit of union leaders, is outlawed by the Landrum-Griffin Act.

a. true

b. false

Q13. In right-to-work states, only the workers who vote to be represented by a union are covered by the collective bargaining agreement between the employer and the union.

a. true

b. false

Q14. The powers of the National Labor Relations Board include:

a. monitoring of unfair labor practices

b. representing the NLRB in court

c. determining if employees want to be represented by a union

d. monitoring of unfair labor practices and determining if employees want to be represented by a union

e. monitoring of unfair labor practices and determining if employees want to be represented by a union and representing the NLRB in court

Q15. The Worker Adjustment and Retraining Notification Act requires certain employers planning large layoffs to:

a. give employee advance notice

b. give employees and certain officials advanced notice

c. to notify the Secretary of Labor

d. find new jobs for employees who will lose jobs

e. to contact the state unemployment commission

Q16. Before the Norris-La Guardia Act, federal courts:

a. could not interfere in labor-management relations

b. showed no interest in labor-management relations

c. could issue injunctions to stop labor strikes

d. refused to interfere in labor-management disputes due to the Interstate Commerce Clause

Q17. An anti-raiding covenant is one in which:

a. one party promises not to sue another in case of an injury caused by a tort or some other event

b. an employee agrees not to leave and go into competition against the employer or go to work for a competitor for a certain time

c. an employee agrees not to recruit fellow employees for another company when they leave their current place of employment

d. an employee agrees not to use illegal substances

Q18. All employers are subject to Title VII rules regarding discrimination in employment.

a. true

b. false

Q19. Where there is a promise of a reward, such as promotion or pay raise, for providing sexual favors being demanded is called:

a. bona fide impact

b. impact favoritism

c. quid pro quo

d. differential standard

e. differential favoritism

Q20. If an employer uses a decision rule that causes discrimination in some aspect of employment based on protected class status, but the discrimination was unintentional, the discrimination is called:

a. disparate treatment, but is legal so long as not intentional

b. disparate treatment, which is illegal

c. disparate impact, but is legal so long as not intentional

d. disparate impact, which is illegal

e. differential impact, but is legal so long as not intentional

Q21. The Equal Pay Act allows differences in wages between men and women employees if the differences are due to:

a. a system that measures earnings by quantity produced

b. a merit system

c. a seniority system

d. a system that measures earnings by quantity produced or a merit system

e. a system that measures earnings by quantity produced or a merit system or a seniority system

Q22. A labor union had once been whites only but is now integrated. Its membership rules used to state that to obtain employment through the union you had to be related to or recommended by a union member. Such a rule would now be:

a. not illegal because segregation had been eliminated

b. not illegal because Title VII does not apply to unions

c. illegal because blacks who entered the union would be junior to whites in seniority

d. illegal because it would perpetuate past intentional discrimination

Q23. Individual states:

a. may not have civil rights acts that apply to employers exempt from Title VII

b. may have civil rights acts that apply to employers exempt from Title VII

c. may not have civil rights acts that protect additional classes of employees not covered by Title VII

d. may exempt employers from any Title VII regulation

Q24. The Rehabilitation Act and the Americans with Disability Act define a person with disability as one who:

a. has a physical impairment which substantially limits a major life activity

b. has a mental impairment which substantially limits a major life activity

c. has a record of having a serious physical impairment

d. has a physical impairment which substantially limits a major life activity or has a record of having a serious physical impairment

e. has a physical impairment which substantially limits a major life activity or has a record of having a serious physical impairment or has a mental impairment which substantially limits a major life activity

Q25. The mandatory analysis comparing the percent of minorities and women in the community in each job category with the percent employed by a government contractor is known as:

a. an underutilization analysis

b. a workforce analysis

c. a contractor analysis

d. a government contractor analysis

e. an affirmative action analysis