QUESTION 57

1. Note: This question may have more than one correct answer. Select all which apply. Incorrect answers will be penalized.

   Which of the following statements are True about the Securities Exchange Act of 1934?

   	a.	It requires initial disclosures from issuers of securities.
   	b.	It regulates short-swing profits in order to stop speculative insider trading.
   	c.	Rule 10b-5 of the Securities And Exchange Act of 1934 applies to securities that do not have to be registered.
   	d.	It is a blue-sky law.

QUESTION 58

1. Note: This question may have more than one correct answer. Select all which apply. Incorrect answers will be penalized.

   Title VII of the Civil Rights Act of 1964 precludes discrimination against which of the following persons:

   	a.	persons with physical disabilities
   	b.	people over the age 40
   	c.	persons who were not born in the USA
   	d.	lesbian persons

QUESTION 59

1. Note: This question may have more than one correct answer. Select all which apply. Incorrect answers will be penalized.

   The Fair Labor Standards Act (FLSA):

   	a.	applies only to employers with 15 or more employees.
   	b.	requires employers to pay employees a minimum wage.
   	c.	allows employers to exempt certain categories of workers from the overtime pay requirements.
   	d.	absolutely prohibits the employment of children under the age of 14.

QUESTION 60

1. Note: This question may have more than one correct answer. Select all which apply. Incorrect answers will be penalized.

   When will a court pierce the corporate veil?

   	a.	When there is domination of the corporation by one or more of its shareholders
   	b.	Whenever there a single-shareholder-owned or closely held corporation which did not file an annual statement with the Secretary of State.
   	c.	When there may have been a defect in the incorporation process.
   	d.	When the domination of the corporation results in an improper purpose

QUESTION 61

1. Note: This question may have more than one correct answer. Select all which apply. Incorrect answers will be penalized.

   Which factors are required for the formation of an LLC?

   	a.	Annual reports should be filed with the Secretary of State.
   	b.	It must be set up so that it can be easily dissolved.
   	c.	The name of the LLC must include the words "limited liability company" or some other clear indication of the limited liability feature.
   	d.	Articles must be filed with the Secretary of State.