Business Lawacademic

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.

"The elimination period under a hospital indemnity plan is: A. The period in which pre-existing conditions are not taken into consideration. B. The period in which all deductibles are eliminated. C. The specified number of days after an insurance policy's issue date during which coverage is not afforded for sickness. D. The specified number of days an insured must wait before becoming eligible to receive benefits for each hospitalization."

What are the five areas included in the Dodd-Frank Act of 2010? (Select One) A. Consumer protection, resolution authority, systemic risk regulation, Volcker rule, and derivatives. B. Capital requirements, resolution authority, compensation, credit-rating agencies, and systemic risk regulation. C. Consumer protection, capital requirements, GSEs, credit-rating agencies, and derivatives. D. Capital requirements, resolution authority, compensation, credit-rating agencies, and GSEs.

All of the following are true regarding rebates except: A. Rebates are only allowed if specifically stated in the policy. B. Rebating can be anything of economic value, given as an inducement to buy. C. Dividends are not considered to be rebates. D. Rebates are allowed if it is in the best interest of the client.

All of the following are examples of pure risk EXCEPT: A. Losing money at a casino B. Injured while playing football C. Falling at a casino and breaking a hip D. Jewelry stolen during a home robbery

Which of the statements about B2B e-commerce is correct? A. The transactions involve review by a team of people before making a purchase decision. B. The end consumer is the decision-maker in the transactions. C. B2B websites offer fixed, consistent pricing for all purchases. D. Shopping websites use B2B e-commerce.

An example of an "Off Premise" establishment is: A. A convenience store that sells beer. B. A nightclub with a full bar. C. A restaurant that sells mixed drinks. D. A stadium with draft beer and frozen drinks.

What is one reason prosecutors may decide to dismiss cases?

The Code requires that REALTORS' advertising clearly identify: a. the member's professional status or status as a REALTOR®. b. the member's license number. c. the name of the property owner. d. none of the above.

Which of the following describes Permission to Contact (PTC) guidelines? A. The agent must obtain PTC no later than the start of a marketing appointment and can only discuss the products agreed upon by the consumer. B. Contact is limited to the methods (e.g., phone, email) and products (e.g., Medicare Advantage, Part D plans) indicated by the consumer at the time PTC is obtained. C. PTC expires December 31 of each year regardless of when it was obtained.

Which was a cause of the Great Recession of 2007 to 2009? A. Internet companies being overvalued, creating a bubble B. People buying stock on margin C. A highly unequal distribution of wealth D. Banks taking too many risks in authorizing mortgages

Who owns the alcoholic beverages of a private club? A. The employer B. The members C. The certificate holder D. The customers

Which statement is true regarding a minor beneficiary? A. Normally, a guardian is required to be appointed in the Beneficiary clause of the contract. B. The minor must pay the debts of the insured's estate before receiving any of the proceeds. C. Normally, the death proceeds are required to be held in trust until the beneficiary reaches the age of 21. D. The minor is entitled to receive the death proceeds immediately.

A President may grant an official postponement of the execution of a sentence. This is called a: A. Reprieve B. Pardon C. Commutation D. Clemency

PLA-CHECK underestimates behavior. A. True B. False

Which of the following is required to access classified information? (Select all that apply.) a. Security clearance b. Need-to-know authorization c. Background check d. Access card

Which of the following BEST describes executive privilege? A. Salary and social security benefits given to presidents after leaving office. B. The perks the president has to use luxuries such as private cars and aircraft. C. An informal power of the president to deny access to White House documents. D. The ability of the president and members of his staff to keep a key to the Oval Office.

Adam sees a coworker without the required clearance handling a document marked as Sensitive Compartmented Information (SCI). What should he do?

Which alcohol promotion is permitted in California? A. Two for one drink specials B. Free shots before 8:00 pm C. Ladies’ night D. Happy hour

The alcoholic beverages in a private club are: A. Sold to the members B. Not owned by the members C. Owned by the guests D. Not sold to the members

What is being delivered during a policy delivery? A. A binding receipt to the proposed insured. B. Insurance contract to the proposed insured. C. Application and initial premium to the insurer. D. Policy summary sheet and disclosure material to the proposed insured.

Who is responsible for littering from a motor vehicle? A. The occupants of the vehicle. B. The driver of the vehicle. C. The property owner. D. All of the above.

One of the most significant aspects of the Interstate Commerce Act was that it A. revolutionized the business system. B. represented the first large-scale attempt by the federal government to regulate business. C. actually did nothing to control the abuses of big business. D. failed to prohibit some of the worst abuses of big business, such as pools and rebates. E. invoked the Constitution's interstate commerce clause.

Efforts to punish another nation by imposing trade barriers is called?

The Notice of Claims provision requires a policyowner to: A. Provide proof of loss to an insurer within a specified time. B. Notify an insurer of a claim within a specified time. C. Wait 60 days after filing a claim to initiate a lawsuit against an insurer. D. Notify their physician of a claim within a specified time.

What is the most common form of obstruction of justice?

Which type of contract liquidates an estate through recurrent payments? A. Universal life insurance B. Whole life insurance C. Annuity D. 401(k)

U-turns in business districts are: Always illegal because they are dangerous. Legal if the businesses are churches, apartments, or clubs. Legal at intersections, unless a sign prohibits them. Legal everywhere, provided you yield to oncoming traffic.

Which of the following best describes why white-collar criminal defense practice might be considered "second to none"? A. It deals exclusively with violent crimes, which require special attention and expertise. B. It involves complex financial transactions and regulatory issues that require specialized knowledge and skills. C. It focuses on cases with minimal legal consequences and less need for expert negotiation skills. D. It primarily addresses everyday criminal offenses, which are simpler and less challenging to defend.

Where are "cc" and "Enc." placed in a business letter?

Jackson believed the second national bank was ___. A. Vital to the country's economic health B. An institution beneficial only to elites C. Allowing the common man to prosper D. An institution that only benefited Democrats

Telling someone to do something is a verbal prompt. A. Always B. Sometimes C. Never

In a lawsuit, a judge ruled in favor of Chuck Berry to be paid "back royalties" and to also be listed on the Beach Boys' "Surfin' U.S.A." as: A. co-producer B. co-author C. co-engineer D. co-publisher E. none of these

"If you are charged with selling, providing, or delivering alcoholic beverages to a minor, the penalty is a Class A Misdemeanor. For the first offense, the maximum monetary penalty could be: A. $1,500 B. $2,000 C. $4,000 D. $500"

"The interest rate banks charge their customers is known as the: A. prime rate B. securities rate C. discount rate D. mortgage rate"

"Which of the following are authorized sources for derivative classification? Select all that apply: A. DODM 5100.76 (Safeguarding Sensitive Conventional Arms, Ammunition, and Explosives (AA&E)) B. Security Classification Guide (SCG) C. A properly marked source document D. NISPOM E. The Facility Security Officer (Industry) or Security Manager (DOD)"

"What does The Division of Administrative Hearings (DOAH) do? A. It provides independent Administrative Law Judges. B. It provides aids for applicants with hearing difficulties. C. It is in charge of background checks for applicants. D. It reviews complaints made by the public."

"Sexual harassment is unwelcome or unwanted behavior based on (select all that apply): A. Gender identity B. Gender C. Sexual orientation D. Gender expression"

"Long-term care insurance policies may contain exclusions for all of the following EXCEPT: A. Acute care B. Care outside the U.S. C. Care for intentionally self-inflicted injury D. Care for incurable conditions"

"All of the following are steps in derivative classification EXCEPT: A. Seek additional guidance to resolve uncertainty B. Analyze material to be classified C. Use authorized sources for guidance D. Make recommendations for others to mark the new document"