QUESTION 71

1. If apparent authority is present, the principal is liable for even the unauthorized acts of the agent.

   True

   False

1 points

QUESTION 72

1. The bankruptcy of an agent automatically terminates an agency relationship.

   True

   False

1 points

QUESTION 73

1. Which of the following persons is NOT an agent?

   	a.	Diane, a shoe salesperson for a retail store.
   	b.	Tim, a real estate broker for a large real estate company.
   	c.	Craig, a telephone marketing employee.
   	d.	Harold, a trustee to the beneficiaries of an estate.

1 points

QUESTION 74

1. How is consent established in an agency relationship?

   	a.	The principal must ask the agent to do something and the agent must agree.
   	b.	The principal gives consideration to the agent.
   	c.	The principal and agent must have a written, notarized agreement.
   	d.	All of these are correct.

1 points

QUESTION 75

1. In its most basic terms, a fiduciary relationship is one of

   	a.	disclosure.
   	b.	competition.
   	c.	trust.
   	d.	control.

1 points

QUESTION 76

1. An agent may not engage in inappropriate behavior that reflects badly on the principal. This rule applies to conduct

   	a.	during working hours.
   	b.	only by public officials.
   	c.	during both working hours and off-duty time.
   	d.	during off-duty time.

1 points

QUESTION 77

1. Which of the following is a duty of a principal to an agent?

   	a.	duty of loyalty
   	b.	duty to indemnify for reasonable expenses
   	c.	duty to provide information
   	d.	All of these are correct.

1 points

QUESTION 78

1. Someone who is not paid for performing duties is a(n)

   	a.	fiduciary agent.
   	b.	charitable agent.
   	c.	implied agent.
   	d.	gratuitous agent.

1 points

QUESTION 79

1. When a principal is partially disclosed

   	a.	only the principal can be liable.
   	b.	the agent and principal will be only jointly liable on the contract.
   	c.	only the agent is liable.
   	d.	the agent and principal will be jointly and severally liable on the contract.

1 points

QUESTION 80

1. Under the Family and Medical Leave Act, an employee can take up to 12 weeks of paid leave each year for certain personal and family illness situations.

   True

   False

1 points

QUESTION 81

1. The National Labor Relations Act guarantees employees the right to join unions.

   True

   False

1 points

QUESTION 82

1. Which of the following workers is entitled to unpaid leave under the Family and Medical Leave Act?

   	a.	Stanley, who works part time for a small coffee shop with 10 employees.
   	b.	Marianne, who has worked full time for five years with Microsoft.
   	c.	Dakota, who works part time for Delta Air Lines.
   	d.	All of these are correct.

1 points

QUESTION 83

1. Under the Fair Labor Standards Act, which of the following scenarios is legal?

   	a.	14-year-old Luis works full time bagging groceries at a supermarket
   	b.	12-year-old Molly works several hours per day on her family's farm picking vegetables
   	c.	13-year-old Dianna works five hours per week stocking shelves at a drugstore
   	d.	17-year-old Cole has taken a part-time job as a coal miner working alongside his dad

1 points

QUESTION 84

1. When may an employer require an employee to submit to a lie detector test?

   	a.	when all employees are being questioned using a lie detector
   	b.	when the test is part of an ongoing investigation into crimes that have occurred
   	c.	when the employee has been hired for less than 90 days
   	d.	when the employer has reason to believe the employee is using illegal drugs on the job

1 points

QUESTION 85

1. Under the federal legislation known as OSHA,

   	a.	employers may monitor workers email messages if the monitoring is done in the ordinary course of business and the employer provides the email system.
   	b.	employers must keep a record of recognized hazards used in the workplace.
   	c.	employers must keep records of positive results of workplace drug tests.
   	d.	employers must keep records of all workplace injuries.

1 points

QUESTION 86

1. What legislation did Congress pass in 1932 that prohibited federal court injunctions in nonviolent labor disputes, thereby declaring that workers should be permitted to organize unions and use their collective power to achieve legitimate economic ends?

   	a.	the Labor-Management Relations Act
   	b.	the National Labor Relations Act
   	c.	the Wagner Act
   	d.	the Norris-LaGuardia Act

1 points

QUESTION 87

1. A design patent protects the appearance of an item and is valid for 14 years.

   True

   False

1 points

QUESTION 88

1. A patent is available for an idea as well as a tangible application.

   True

   False

1 points

QUESTION 89

1. The vast majority of patents that are issued are

   	a.	intellectual patents.
   	b.	utility patents.
   	c.	plant patents.
   	d.	design patents.

1 points

QUESTION 90

1. Of the following, which is an advantage of trademark registration?

   	a.	It can't be used as an internet domain name.
   	b.	It allows the trademark owner to use the TM symbol to put others on notice of the protection.
   	c.	Potential damages are lower.
   	d.	After five years the mark becomes almost impossible to challenge.

1 points

QUESTION 91

1. Intellectual property is

   	a.	exclusive.
   	b.	protected in the same way as land.
   	c.	expensive to produce, copy, and transmit.
   	d.	expensive to produce but cheap to reproduce and transmit.

1 points

QUESTION 92

1. Which is NOT a provision of the Digital Millennium Copyright Act?

   	a.	It is illegal to use copyrighted material under any circumstances without permission of the creator.
   	b.	It is illegal to circumvent encryption or scrambling technologies that protect copyrighted works.
   	c.	It is illegal to distribute tools and technologies designed to circumvent encryption devices.
   	d.	It is illegal to delete copyright information or distribute false copyright information.

1 points

QUESTION 93

1. What is the best definition of a trade secret?

   	a.	The right of an inventor to prevent others from making, using, or selling his inventions for a limited time.
   	b.	A formula, device, process, method, or compilation of information that, when used in business, gives the owner an advantage over competitors.
   	c.	The right of a creator to exclusively reproduce, distribute, and perform her work for a limited time.
   	d.	Any combination of words and symbols that a business uses to identify its products or services and distinguish them from others.

1 points

QUESTION 94

1. A company's trade secret lasts for

   	a.	as long as it is kept confidential.
   	b.	70 years after the death of the creator.
   	c.	20 years after the application is filed.
   	d.	10 years, but it can be renewed for an unlimited number of terms as long as it is used.

1 points

QUESTION 95

1. What is the name of the treaty that allows American patents to be recognized and enforced in member countries?

   	a.	the Berne Convention
   	b.	the International Treaty of Trademarks and Patents
   	c.	the World Agreement of London
   	d.	the Paris Convention for the Protection of Industrial Property

1 points

QUESTION 96

1. The Consumer Financial Protection Bureau (CFPB) was created to represent consumers by filing suit in federal court asking for damages on behalf of the injured consumer.

   True

   False

1 points

QUESTION 97

1. An employer cannot request a consumer report on a potential employee without that person's permission.

   True

   False

1 points

QUESTION 98

1. For the FTC to consider a practice to be unfair, it must meet a three-part test. Which of the following is NOT one of those tests?

   	a.	The practice causes a substantial consumer injury.
   	b.	The harm of the injury outweighs any countervailing benefit.
   	c.	The consumer had no reasonable way to recoup lost funds from the injury.
   	d.	The consumer could not reasonably avoid the injury.

1 points

QUESTION 99

1. Under the Fair and Accurate Credit Transactions Act (FACTA),

   	a.	a creditor may not discriminate against a borrower on the basis of race, sex, religion, or age.
   	b.	a credit card company must promptly investigate and respond to any consumer complaints about a credit card bill.
   	c.	a debt collector may not harass or abuse debtors.
   	d.	a consumer has the right to obtain one free credit report every year from each of the three major reporting agencies.

1 points

QUESTION 100

1. "Bait-and-switch" is

   	a.	advertising certain goods and then pressuring the customer to buy different, more expensive goods.
   	b.	selling the store brand at a lower price than the national brand.
   	c.	placing the store brand and the national brand side-by-side in a store to confuse customers.
   	d.	advertising a product for sale and then giving the customer a rain check.

1 points