Question 1

What is the relationship between ethics and law?

Question 1 options:

A breach of business ethics is always a breach of the law

Business ethics may require that a company do more than merely comply with the law

Business ethics always requires a company to only comply with the law.

Question 2 (Mandatory) (1 point)

The purpose of contract law is to:

Question 2 options:

Prescribe principles and values for use in society

Determine right and wrong in the business world

Enforce expectations and facilitate planning

Question 3 (Mandatory) (1 point)

Which of the following situations best exemplifies how the law protects members of society?

Question 3 options:

Bruce's company car is stolen; no one is charged with the crime.

Evelyn is awarded compensation for wrongful dismissal.

Question 4 (Mandatory) (1 point)

The government enacted new legislation prohibiting retailers from displaying tobacco products except at the moment of sale at the till. Which of the following best describes the legal basis for a business to challenge the new law?

Question 4 options:

The new law is a violation of the commercial freedom of businesses and is therefore unconstitutional.

The new law interferes with freedom of expression, which is protected under section 2 of the Canadian Charter of Rights and Freedoms.

The new law is likely to be ineffective in reducing the number of people who smoke or take up smoking.

Question 5 (Mandatory) (1 point)

Which legislative body in Canada is composed of the House of Commons and the Senate?

Question 5 options:

The Supreme Court of Canada

The National Assembly

Parliament

Question 6 (Mandatory) (1 point)

A business finds that employees are involved in many road accidents that result in damages to its fleet of motor vehicles, despite having driving training and instruction. Rather than fully insuring its equipment, the business elects to insure its vehicles subject to a deductible of $1,500 per vehicle. Which approach to risk management does this plan reflect?

Question 6 options:

Risk retention

Risk reduction

Risk avoidance

Question 7 (Mandatory) (1 point)

John is hoping for an opportunity to settle his lawsuit based on the strength of his evidence before an actual trial takes place. How should he instruct his lawyer to proceed with respect to the litigation process?

Question 7 options:

Complete formal discovery involving the disclosure of supporting evidence

File formal evidence for presentation to the judiciary to support a claim

Write a private letter to the Judge assigned to the case explaining the strength of his case and ask for judgement his favour.

Question 8 (Mandatory) (1 point)

Matt purchases a car for his 18 year old son from an auto dealership. A week later, his son discovers a defect that renders the car unsafe. The defect is one that a court would consider to be a breach of contract. What legal recourse is available to remedy this problem?

Question 8 options:

The court's resistance to imposing ethical business standards leaves no recourse.

Matt may commence a lawsuit against the dealer for breach of contract.

Matt's son may file a lawsuit against the auto dealer for breach of contract.

Question 9 (Mandatory) (1 point)

How should a manufacturer try to salvage its reputation after it has been discovered to have knowingly produced and sold a defective product to the public?

Question 9 options:

Deny any wrongdoing and obtain top lawyers to defend against litigation.

Take ownership for the problem and voluntarily compensate affected customers.

Hire bloggers to create confusion about the facts on social networking websites.

Question 10 (Mandatory) (1 point)

A supplier and a retailer have a long, established relationship. Earlier contracts between them have always provided the standard "within 30 days of delivery" payment provision. A new contract between them makes no reference to payment terms. What would a court most likely rely on to arrive at a decision that payment is due within 30 days of delivery?

Question 10 options:

Customs in the trade of a foreign country

Past dealings

Business efficacy

Question 11 (Mandatory) (1 point)

What are the basic rights that must attach to at least one class of shares of an incorporated company?

Question 11 options:

Limited liability, transfer of shares, receipt of dividends

Voting rights for public offering, transfer of shares, ability to collect dividends annually

Voting rights for election of directors, receipt of dividends, and share in the proceeds upon dissolution of the corporation

Question 12 (Mandatory) (1 point)

Incorporation methods allow for the creation of a legal entity that is recognized as being

Question 12 options:

a legal entity and is owned and managed by its shareholders.

a legal person, is owned by shareholders who enjoy limited liability, and is managed by directors who have a fiduciary duty to the entity.

ceither provincial and/or federally incorporated, operates as a limited liability corporation, and provides a limited liability umbrella for its shareholders.

Question 13 (Mandatory) (1 point)

One form of Alternative Dispute Resolution is known as Arbitration. This is a process where both sides come together before a neutral third party (arbitrator). The decision of the arbitrator is usually....

Question 13 options:

legally binding

binding or non-binding

non-binding

Question 14 (Mandatory) (1 point)

The legal rights associated with ownership of property includes the following:

Question 14 options:

The right of possession, use, and enjoyment; the right to lease or rent the property to other individuals or businesses; the right to use the property as security for a loan

The right of possession, use, and enjoyment; the right to grant others the legal right to enter its property, the right to control the use of the property

The right to exclude others from accessing or interfering with it; the right of possession, use, and enjoyment; and the right to transfer or dispose of property.

Question 15 (Mandatory) (1 point)

Which of the following items do not meet the definition of a patent?

Question 15 options:

Chemical compounds, methods of cleaning, and microorganisms

Scientific principles, abstract theorems, and natural phenomena

Pay-per-use billing systems, application systems, chemical compounds