Business Law Questions and Answers

What is a POS? Select all that apply. A client requesting a will & testament A client we already have on the books A client that doesn't qualify for life insurance A lead that's sourced via Facebook ad Policy Owner Servicing

What are the upper and lower bands for PREFERRED whole life? Select both that apply. $59,999 $1,000 $120,000 $34,999 $35,000 $60,000 $119,999 $500,000

A product made in conformity with a manufacturer’s design specifications is not considered defective regardless of a flaw in the design. Group of answer choices True False

Under the doctrine of strict liability, a defendant’s liability depends on privity of contract. Group of answer choices True False

Juliah, married out of community of property to Pieter, died intestate on 1 October 2024. She is survived by the following persons: 1. 2. 3. 4. Pieter, her spouse; Her two daughters, Sue and Lara; Three grandchildren, Lucy and Olga (children of a predeceased son, Chris) and Ethiel, Sue's son; Debbie, Susan's daughter from a previous marriage. REQUIRED: Show how this intestate estate will be distributed, with the aid of a diagram, if the distributable amount in Susan’s estate amounts to R3 100 000.

Cartels are difficult to maintain because a. ​the number of firms is always large. b. ​each firm has an incentive to deviate from its agreed output level. c. ​the monopoly output is very difficult to determine. d. ​costs to the firms in a cartel are continually rising.

What ethical issues arise from fabricating data? Is anyone harmed when data is fabricated? Take this scenario out of the science classroom and into a nursing setting. Would your opinion on the ethics of the situation change if the scenario shifted to a nurse fabricating information on a patient's chart? What does the Christian worldview say about the falsification of information?

What does it mean if information is cost effective? Information should have the ability to have an impact on the decisions of users The benefits of providing financial information exceed the costs of doing so Information should accurately reflect the economic condition of the business Information must be able to be understood by users

What are the powers and functions of the Tariff Advisory Committee?

Describe the Apple’s current value proposition in the market. Describe the Apple’s main product or service. Discuss the company’s overall strategic plan.

"Which three factors led to the Great Recession in 2008? A. the fall of the stock market B. the deregulation of the financial sector C. a decrease in international lending D. banks giving subprime mortgages E. high-interest rates"

"When must a LDSS 2221A form be filed? A. Depends on the severity of the injury. B. Within five business days of making the oral report. C. Within 48 hours of making an oral report. D. The 2221A is no longer required."

"Which of the following is an example of a general partnership? Yvonne opens her first business selling sporting goods. She hires a marketing manager, an accountant, and several sales staff to help her manage the demand for her goods. When she files her annual taxes, she claims 100% of the profits of the business on her individual tax return. Stefanie's photography business has grown so quickly that she needs to invest in more equipment. She brings in a partner who provides the capital to purchase the new equipment, but who has no control over the day-to-day operations of the business. Jonathan and Craig's catering business is going through a rough patch wherein the debts exceed the income. Jonathan is worried because he is personally liable for the whole of the company's debts, but Craig is only liable for the initial $50,000 that he invested. Ken and Paul start a graphic design business together. When Ken fails to deliver on a contract with a customer, Ken and Paul are held equally responsible when the customer sues for damages."

Request For Proposal (RFP) What is the purpose of an RFP? Where have you seen or used an RFP? Describe the five guidelines for drafting a formal RFP when hiring external contractors.

Which term describes an ethical issue?

An example of an individual financial COI is:? A researcher is considering buying stock in a publicly traded company that specializes in making and delivering hand tossed pizza. A researcher’s 10-year-old child wins a local science competition, the prize for which is a $5,000 scholarship to a workshop sponsored by a local company that sponsors one of the researcher’s ongoing projects. A researcher’s spouse holds equity in a publicly traded pharmaceutical company that is also the sponsor of the researcher’s study. A researcher’s spouse works at the same university as the researcher.

The most common civil lawsuit in the health care industry is an action known as a _____________. A. contract dispute B. property dispute C. tort D. class action case

What is a claim of value? A. An argument about whether something is an accepted fact B. An argument about whether something caused something else C. An argument about whether something is right or wrong D. An argument about whether something is correctly defined

Which of the following statements best summarizes the decision in United States v. Lopez (1995)? A. Public schools cannot be racially segregated as it violates the equal protection clause. B. Congress has implied powers not listed in the Constitution to implement its enumerated powers. C. The Fourteenth Amendment makes the Second Amendment applicable to the states. D. Congress cannot use the commerce clause to regulate the possession of firearms in public schools.

"Full Faith and Credit shall be given in each State to the public Acts, Records, and judicial Proceedings of every other State. —Constitution of the United States, Article IV, Section 1 Which best explains the Full Faith and Credit clause within Article IV? A. States must recognize all legal documents issued by another state, such as a driver's license. B. States must recognize the fundamental rights granted to all citizens, such as those protected by the federal government. C. States are limited in the types of records that can be created; for instance, states cannot issue marriage licenses. D. States are granted permission to complete judicial proceedings and change acts created by federal branches of government, such as the Senate."

"The closing of the letter should have at least _____ spaces between ""sincerely"" and your name so you can sign the letter. a. three b. four c. one d. two"

The FDA regulations governing disclosure of individual COIs require: Applicants submitting marketing applications to disclose financial COIs of researchers who conducted clinical studies Organizations to disclose financial COIs to the FDA no later than the time of submission of the IND application Researchers to annually self-disclose financial COIs to the FDA Sponsors to annually disclose to the FDA financial COIs of researchers who conducted clinical studies

"Negligence generally involves the following acts: malfeasance, misfeasance, and non-maleficence. A. True B. False"

"A stock dividend is taxable income because: A. It divides your stock in half, giving you twice as much money. B. It's the interest that you earn based on the amount of stock you hold. C. It's a payment directly to you based on the company's success. D. It's a calculation of your taxes by dividing your stocks by your tax bracket."

"A stock dividend is taxable income because: A. It divides your stock in half, giving you twice as much money. B. It's the interest that you earn based on the amount of stock you hold. C. It's a payment directly to you based on the company's success. D. It's a calculation of your taxes by dividing your stocks by your tax bracket."

"What is the best definition of ownership? A. Ownership is the right to possess land or goods. B. Ownership is the right to possess land alone. C. Ownership is the right to purchase land or goods. D. Ownership is the right to purchase goods alone."

"If you are charged with selling/providing/delivering alcoholic beverages to an intoxicated person, the penalty is a Class B Misdemeanor. For the first offense, the maximum monetary penalty could be: a. $100 b. $300 c. $1000 d. $500"

According to the Lau & Johnson reading, shareholders in derivative litigation can overcome the business judgment rule. True False

Which of the following is an example of collusion? A. A company decides to invest in new technology to improve its product. B. Two competing companies secretly agree to set their prices at the same high level. C. A company decides to expand its business into a new geographic area. D. Two competing companies decide independently to lower their prices to increase sales.

Aligning the firm's philosophy and ethics with that of a potential channel partner would be identified in the channel strategy of control. cost. coverage. character. continuity.

"Who can decontrol CUI? A. OCA, if in a Security Classification Guide B. Designated office for decontrolling C. All of the above"

"What requirements apply when transmitting Secret information? A. External street-side collection boxes are prohibited when transmitting via USPS Express mail. B. The Waiver of Signature and Indemnity block can never be selected for U.S. Express mail. C. Registered mail receipt is always required. D. USPS registered mail is never permitted."

"If an ID is expired, is it still valid for purchasing alcohol? A. True B. False"

"Getting a DUI may result in: A. Legal consequences B. Loss of financial aid C. Expulsion D. Both A and C"

"What is the best definition of ownership? A. Ownership is the right to possess land or goods. B. Ownership is the right to possess land alone. C. Ownership is the right to purchase land or goods. D. Ownership is the right to purchase goods alone."

What advantage does a "Nolo contendere" (no contest) plea have over a guilty plea? A. It may not be used later as a basis for a civil proceeding seeking monetary damages. B. The defendant will have a reduced sentence. C. The charges will not show up on the defendant's criminal record. D. It delays the sentencing process.

What is the meaning of "successful liability shift for enrolled card" in the context of OnlyFans?

Contempt of court, libel/slander, resistance to order: _______

"An insurer's claim settlement practices are regulated by the: A. State insurance departments B. National Association of Insurance Commissioners (NAIC) C. Securities and Exchange Commission (SEC) D. National Association of Claims Adjusters (NACA)"

Read the following definition and choose the first letter of the word that best fits it: Favoritism shown to a relative. A. C B. D C. N D. M