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A company which incorporated in the state of Delaware, also has regional offices in Iowa, Massachusetts, Oregon, and Texas. States which can tax the business are:

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  1. Only Delaware
  2. Fairly apportioned, Delaware, Iowa, Massachusetts, Oregon, and Texas
  3. Only the states where the company has actual physical contact with customers
  4. Iowa, Massachusetts, Oregon, and Texas
  5. Only states recognizing the taxing policy of other states

If provisions of a statute at the federal level include a penalty of a period of time in prison for violating provisions of trades of stock it falls within what law classification?

  1. procedural law
  2. criminal law
  3. private law
  4. civil law
  5. all of the above

The model for resolving ethical decisions which uses the perspective of an objective reporter:

  1. is identical to the Wall Street Journal test
  2. is one Blanchard/Peale developed
  3. is one Laura Nash developed
  4. is the “front page of the newspaper test.”
  5. is the “front page of the newspaper test.”

XYZ manufactures a pesticide used in a city playground. After spraying the park with the pesticide, some kids got sick and needed to be hospitalized, and some pets who had been playing with the kids died. The kids’ parents/owners of the dogs could:

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  1. not sue XYZ because there was no privity
  2. not bring suit against the city
  3. despite not having privity, sue XYZ, pursuant to 402A
  4. none of the above

The ethical model which calls for evaluating the impact of the decision on stakeholders is:

  1. the Front-Page-of-the-Newspaper test
  2. the Blanchard and Peale model
  3. the Wall Street Journal model
  4. each of the above test/models calls for that evaluation

In order to establish undue influence, a necessary element is:

  1. scienter
  2. the existence of force or threat
  3. a ficuciary relationship
  4. the party contracting is lacking in capacity
  5. none of the above

Jacki, who is 17 years old, is in an accident and has $6,000 in medical bills. The medical facility bills Jacki, who signed for the medical bills, in which she agreed she was the person responsible for the expenses. Jacki:

  1. is not liable for the bills because she is a minor
  2. as a minor, can rescind the agreement
  3. would not be liable for the bills, but her parents would be liable
  4. would be liable for the bills as a necessity
  5. none of the above

When this occurs, a court might/need not follow precedent:

  1. the court determines a change of the law is either morally or socially required
  2. a change in technology has occurred
  3. the case facts make it distinguishable
  4. any/all of the above

Which ethical school model maintains that corporate interests are served best when only interests of the shareholders are considered:

  1. the social responsibility school
  2. the invisible hand school
  3. the enlightened self-interest school
  4. the inherence school Get business and finance assignment homework help today


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