ACC351 final exam guide

¡Supera tus tareas y exámenes ahora con Quizwiz!

Which administrative agencies oversee and administer to the manner in which health care is delivered by its providers, and the ways in which health care services are covered by insurers? A. Federal, state, and local administrative agencies B. Only federal administrative agencies C. Only state administrative agencies D. Only state and local administrative agencies.

A. Federal, state, and local administrative agencies

. ______________ is the broad study of the legal systems of major countries, treaties, practices, tariffs and nontariff trade barriers, and import and export quotas. A. International law B. Domestic Law C. Foreign law D. Federal law

A. International law

A federal program that pays for specified health care expenses for individuals who are 65 years of age or older is known as _________. A. Medicare. B. Medicaid. C. The Affordable Care Act. D. Health Insurance Portability and Accountability Act.

A. Medicare.

An organization that provides health insurance by coordinating services with specific doctors, hospitals, and other health care providers is _______________. A. a health maintenance organization B. Medicare C. a major medical insurer. D. a community based insurer

A. a health maintenance organization

The voluntary surrender of possession of leased premises is known as a(n): A. abandonment. B. covenant. C. retreat. D. conditional action

A. abandonment

If the tenant has abandoned the premises, he or she is not relieved of the obligation to pay the: A. agreed-upon rent. B. interest on deposits. C. maintenance charges. D. insurance on property

A. agreed-upon rent.

Arrangements where employers allocate a specific amount of money for each of its employees, who then select the particular benefit or package of benefits that best suits their individual needs is known as a(n): A. cafeteria plan B. family plan C. COBRA D. HMO

A. cafeteria plan

A union has the right to negotiate a contract an the employer that covers all terms and conditions of employment. This is known as a(n): A. collective bargaining agreement. B. usurious agreement. C. gambling and wagering agreement. D. agreement not to compete

A. collective bargaining agreement.

The principle of law that holds that the courts of one country should refrain from deciding cases involving the acts of persons from another country, is known as the doctrine of: A. comity. B. jurisdiction. C. res judicata. D. estoppel.

A. comity

An individual must demonstrate that he or she is __________ when signing an advance directive. A. competent B. terminal C. incompetent D. insolvent

A. competent

An agreement or promise in a lease to do a particular thing is known as a: A. covenant. B. condition. C. warranty. D. codicil.

A. covenant

A gift of real property is known as a: A. devise. B. living trust. C. codicil. D. living will

A. devise.

A physical or mental impairment that substantially limits one or more of the major activities of life is defined by the Americans with Disabilities Act as a(n): A. disability. B. tragedy. C. accident. D. occurrence

A. disability.

When the host country mandates that at least partial ownership of the foreign company be sold to local citizens or companies prior to the foreign company's conducting business within the host country's borders, then: A. domestication occurs. B. expropriation occurs. C. confiscation occurs. D. localization occurs.

A. domestication occurs.

Countries that enact laws prohibiting trade with specific countries are said to be using trade sanctions, sometimes referred to as: A. embargoes. B. churnings. C. boycott. D. tariffs.

A. embargoes.

The responsibility of the trustee is that of a(n): A. fiduciary. B. executor. C. administrator. D. beneficiary

A. fiduciary.

The "Americans with Disabilities Act" defines disability as a(n) _________that substantially limits one or more of the major activities of life. A. impairment B. accident C. tragedy D. occurrence

A. impairment

Much of early English law and tradition concerning wills and estates were intended to maintain a feudal system in which all land belonged to the: A. king. B. feudal lords. C. businessmen. D. priests

A. king.

The tenant can occupy a landlord's property only with the consent of the: A. landlord. B. bailor. C. administrator. D. executor

A. landlord

An advance directive only takes effect when the individual becomes incapable of making treatment decisions that, in some states, must be confirmed by at least two __________. A. licensed physicians. B. licensed attorneys. C. family members D. next of kin.

A. licensed physicians.

A trust made while a person is still alive is a(n): A. living trust. B. professional trust. C. duty-of-care trust. D. holographic trust

A. living trust.

A transnational institution's purpose is to: A. maintain legal and economic order in trade. B. provide a set of rules to ensure that there is no trade discrimination C. oversee the implementation of all multinational trade agreements D. maintain a stable environment for the economies and currencies

A. maintain legal and economic order in trade

Under the Patient Protection and Affordable Care Act all individuals, unless covered by an employer or government sponsored insurance coverage, must _______________. A. maintain minimal essential health insurance coverage B. maintain a living will. C. maintain a durable power of attorney. D. maintain life insurance.

A. maintain minimal essential health insurance coverage

Revocations by _____________ can include those that result from marriage or remarriage of the testator, divorce or annulment of a marriage, and the birth or adoption of children after the will was made, all of which can change the disposition of gifts. A. operation of law B. amendments of a will C. restrictive covenants D. arbitration agreements

A. operation of law

A _________ is somewhat open-ended, since it is automatically renewed at the end of the period, unless the landlord or tenant gives notice of his or her intent to not renew the lease. A. periodic tenancy B. tenancy for years C. tenancy at will D. tenancy at sufferance

A. periodic tenancy

A possession interest in which the lease continues for successive periods for the same length of time—weekly, monthly, or annually—and is automatically renewed at the end of the period is a: A. periodic tenancy. B. tenancy for years. C. tenancy at will. D. tenancy at sufferance

A. periodic tenancy

It is illegal throughout the employment process, including outreach, hiring, job classification, salary, promotions, benefits, discipline, layoffs, and termination, to discriminate against employees who are members of a: A. protected class. B. unprotected class. C. trade union. D. discriminated class

A. protected class

Most written leases provide the covenant of: A. quiet enjoyment. B. livability. C. safety. D. possession.

A. quiet enjoyment

The Civil Rights Act of 1991 is a federal statute that provides ___________to an employee who can prove that he or she was a victim of discrimination. A. remedies B. housing C. wages D. an attorney

A. remedies

Sexual harassment is a form of discrimination on the basis of ______ and is illegal under federal and state law. A. sex B. race C. national origin D. religion

A. sex

Many employers have employee assistance programs in place that provide opportunities for counseling and: A. stress reduction. B. opportunities. C. promotions. D. appraisal.

A. stress reduction.

A person who makes a will is known as a(n): A. testator. B. administrator. C. executor. D. trustee

A. testator.

Individuals who believe their HIPAA rights were violated may file complaints with: A. their health provider, their insurance company, or the federal government B. their health provider only C. their insurance company only D. the federal government only

A. their health provider, their insurance company, or the federal government

A type of insurance that allows employees to recover damages for work-related injuries and illnesses without having to prove negligence on the part of the employer is known as: A. workers' compensation. B. provident fund. C. stipend. D. worker illness

A. workers'

Insurance coverage that provides supplementary income to make up for lost wages due to an illness or accident that prevents an employee from working at his or her regular employment is knows as: A. Medicaid B disability insurance. C. a health maintenance organization D. family plans

B disability insurance.

Persons who suffer from diseases such as cancer, diabetes, alcoholism, AIDS, epilepsy, manic depression, or schizophrenia are protected under the: A. Occupational Safety and Health Act of 1970. B. Americans with Disabilities Act of 1990. C. Health Insurance Portability and Accountability Act of 1996. D. Health Maintenance Organization Act of 1973.

B. Americans with Disabilities Act of 1990.

In 1994, 12 countries in Europe formed an economic and political integration of the members into one entity which is expected to eventually become: A. Greenland. B. Euroland. C. United Europe. D. Trans-Europe.

B. Euroland.

A federal statute that provides an individual with rights over his or her health information and establishes limits on who is permitted to view and receive health information is ____________. A. Patient Protection and Affordable Care Act B. Health Insurance Portability and Accountability Act of 1996 (HIPAA) C. Occupational Safety and Health Act of 1970 D. Consolidated Omnibus Budget Reconciliation Act of 1985

B. Health Insurance Portability and Accountability Act of 1996 (HIPAA)

The organization with responsibility to maintain a stable environment for the economies and the currencies of its members is the: A. World Trade Organization. B. International Monetary Fund. C. General Agreement on Tariffs and Trade. D. North American Free Trade Agreement

B. International Monetary Fund.

A federal health care program for certain individuals and families with low incomes is known as ___________. A. Medicare. B. Medicaid. C. The Affordable Care Act. D. Health Insurance Portability and Accountability Act.

B. Medicaid.

In modern times, customary practices and treaties are the major sources of international law and these are recognized in the: A. Statute of the European Court of Justice. B. Statute of the International Court of Justice. C. International Labour Organization. D. Supreme Court of the United States

B. Statute of the International Court of Justice.

The commission or organization that is responsible for overseeing the implementation of all multinational trade agreements negotiated now or in the future is known as the: A. North American Free Trade Organization. B. World Trade Organization. C. General Agreement on Tariffs and Trade. D. International Monetary Fund.

B. World Trade

If an executor is deceased, declines to serve, or is lacking in capacity, or if the decedent dies without making a will, the court will appoint a personal representative, known as a(n) _____________. A. testator B. administrator. C. settlor D. legacy

B. administrator.

At times, citizens of a particular country refuse to purchase goods made by businesses located in other countries. This action, whether supported by the government or not, is referred to as a: A. confiscation. B. boycott. C. domestication. D. localization.

B. boycott

When an individual or an employer procures an insurance policy covering costs associated with medical treatments, a(n) ________ is created. A. health insurance exchange B. contract C. health maintained organization D. advance directive

B. contract

The work of authors or creators of literary, artistic, or musical works and computer programs are protected by: A. patents. B. copyrights. C. trademarks. D. embargoes

B. copyrights.

Workers' compensation provides that damages may be recovered for work-related injuries by: A. employers. B. employees. C. beneficiaries. D. trustees.

B. employees

The law gives a tenant the right to make reasonable modifications to the leased property in order to make it suitable: A. for sale. B. for use. C. to sublet. D. to gift.

B. for use

A landlord's promise that the premises have no defects that would impair the health, safety, or wellbeing of the occupants is an implied warranty of: A. merchantability. B. habitability. C. safety. D. title.

B. habitability

A will that is completely handwritten is a _____ will. A. testamentary B. holographic C. scripted D. residuary

B. holographic

The type of possession interest a tenant has in real property can vary considerably depending on the agreements between the parties and the provisions of the: A. law. B. lease. C. warranty. D. property.

B. lease

The trustee may purchase securities that are of very low risk and that appear on a document referred to as a(n): A. bargaining agreement list. B. legal list. C. covenant list. D. arbitration list

B. legal list

The document in which a person directs his or her physician and /or health proxy to forgo certain extraordinary (heroic) medical procedures if, for example, the person is dying or permanently unconscious is called a: A. durable power of attorney B. living will C. contract D. health care compact

B. living will

When a physician or other health care provider acts negligently, the patient may sue for the tort of __________. A. adhesion B. malpractice C. breach D. duress

B. malpractice

Emergency medical personnel, including first responders, paramedics, and other ambulance crew, are ________to honor advance directives. A. permitted B. not permitted C. required D. trained

B. not permitted

The protected class created pursuant to the Age Discrimination in Employment Act is of persons: A. who are minors. B. over the age of 40. C. who are spouse of employee. D. who are decedents of ex-employee.

B. over the age of 40.

One of the benefits of a trust is that it allows the legal title of property to be separated from the benefits of: A. partnership. B. ownership. C. revocation. D. enjoyment

B. ownership

The tenant has the right to ___________ the leased premises for the duration of the lease. A. gift B. possess C. inherit D. sell

B. possess

The Occupational Safety and Health Act of 1970 was passed to promote ____________in the workplace. A. anti-sexual harassment procedures B. safety and health C. anti-discrimination policies D. employee assistance programs

B. safety and health

To attain economic results, such as protecting domestic industries or facilitating the production of certain crops, at times a country will impose a(n): A. embargo. B. tariff. C. boycott. D. trade sanction

B. tariff

A possession interest in which no specific time of lease is agreed upon is a: A. periodic tenancy. B. tenancy at will. C. tenancy for years. D. tenancy at sufferance

B. tenancy at will.

A possession interest that is for a specific period—weeks, months, or years—and automatically terminates on the expiration date is a: A. periodic tenancy. B. tenancy for years. C. tenancy at will. D. tenancy at sufferance

B. tenancy for years

If it can be established that the testator lacked __________________, the will is: A. consideration B. testamentary capacity C. undue influence D. duress

B. testamentary capacity

The intention of a decedent as expressed in a will is known as: A. supplementary intent. B. testamentary intent. C. complimentary intent. D. adversarial intent

B. testamentary intent.

. Employees and their families who lose employment health benefits have the right to elect to continue group health benefits provided by their group health plan for specified limited periods of time under: A. Medicare B. the Consolidated Omnibus Budget Reconciliation Act of 1985 C. The Affordable Care Act. D. Health Insurance Portability and Accountability Act

B. the Consolidated Omnibus Budget Reconciliation Act of 1985

A _______________ is a valuable tool used by a business to identify its products. A. copyright B. trademark C. patent D. sign

B. trademark

Under the Health Insurance Portability and Accountability Act of 1996 a patient's medical information may be shared without patients' authorization for the purpose of _______________. A. public notice. B. treatment. C. education. D. media coverage

B. treatment.

A person's written declaration of how he or she wishes property to be distributed upon his or her death is known as a: A. gift. B. will. C. sale. D. lease.

B. will

The Patient Protection and Affordable Care Act (PPACA) requires that group health insurance plans that provide coverage for dependent children continue to make coverage available for an adult child until the child reaches _____________. A. 23 years of age B. 21 years of age C. 26 years of age. D. 18 years of age

C. 26 years of age.

The federal statute designed to protect individuals from illegal employment discrimination based on sex, race, color, religion, and national origin is known as the: A. Occupational Safety and Health Act of 1970. B. Age Discrimination in Employment Act of 1967. C. Civil Rights Act of 1964. D.Pregnancy Discrimination Act of 1978. `

C. Civil Rights Act of 1964.

The Occupational Safety and Health Administration (OSHA), requires that companies maintain records of employee work-related accidents and sicknesses and post data regarding these __________. A. Every month. B. Twice a year. C. Every February. D. Every three months.

C. Every February.

In 1947, an international agreement entered into by a multitude of nations was called the: A. North American Free Trade Agreement. B. World Trade Organization. C. General Agreement on Tariffs and Trade. D. International Monetary Fund Agreement.

C. General Agreement on Tariffs and Trade.

A federal agency responsible for administering laws relating to labor unions is the: A. National Labor Retaliation Board. B. State Labor Relations Board. C. National Labor Relations Board. D. National Law Regulation Board.

C. National Labor Relations Board.

The philosophy of Roman international law controlling trade and commerce in a peaceful way came to be known as: A. Max Roman. B. Romana law. C. Pax Romana. D. Roman Philosophy

C. Pax Romana

Discrimination in employment is covered by the Civil Rights Act of 1964 under: A. Title V. B. Title VI. C. Title VII. D. Title VIII

C. Title VII

Changes in a will can be made in a separate document known as a: A. revocation. B. revision. C. codicil. D. trust.

C. codicil.

If a landlord has violated the express or implied duty to provide the tenant with quiet enjoyment, the tenant may abandon the premises under the doctrine of: A. actual eviction. B. tenant eviction. C. constructive eviction. D. landlord neglect

C. constructive eviction

When a patient consults with a physician, the two parties are entering into a(n) __________. A. insurance policy B. health insurance exchange C. contract D. health maintained organization

C. contract

The Foreign Corrupt Practices Act (FCPA) makes it clear that in order to violate the law the payment must be made: A. in cash B. for the sale of goods. C. corruptly D. in the U.S

C. corruptly

The Americans with Disabilities Act (ADA) of 1990 protects persons who are not currently disabled but who have a record of a: A. mental disability. B. physical disability. C. covered disability. D. hidden disability

C. covered disability.

If an employee has agreed to a workers' compensation scheme, she may not file a lawsuit against his or her employer for negligence because workers' compensation is the: A. exceptional remedy. B. preventive remedy. C. exclusive remedy. D. unavoidable remedy

C. exclusive remedy.

The landlord-tenant relationship can be created by a(n): A. contingent contract. B. statutory contract. C. express or an implied contract. D. arbitration agreement

C. express or an implied contract.

A living trust is also known as a(n): A. testamentary trust. B. contemporary trust. C. inter vivos trust. D. constructive trust

C. inter vivos trust

A statutory privilege granted by a nation to inventors for a fixed period of years to exclude all others from manufacturing, using, or selling a product without permission from the inventor is a: A. copyright. B. trademark. C. patent. D. grant.

C. patent

A codicil is prepared to: A. execute a warranty deed. B. execute a quit claim deed. C. revoke, alter, or revise a will. D. revoke, alter, or revise a gift causa mortis

C. revoke, alter, or revise a will

People who establish a trust while they are still alive are known as: A. administrators. B. executors. C. settlors. D. trustees

C. settlors.

The person who agrees to pay for the use of real property owned by another is known as the: A. lessor. B. warrantor. C. tenant. D. bailor

C. tenant

The landlord has the right to evict a tenant for the following reasons, EXCEPT: A. nonpayment of rent. B. illegal use of the premises. C. tenant's sexual orientation. D. any material violations of the terms of the lease.

C. tenant's sexual orientation

If the landlord interferes with the tenant's right of possession by evicting him or her without a court order of eviction, the tenant has the right to: A. sell. B. sublease. C. terminate the lease. D. purchase the property

C. terminate the lease

The two most commonly used advance directives are ________________. A. physicians and lawyers. B. annuities and life insurance. C. the living will and the durable power of attorney. D. contracts and health insurance.

C. the living will and the durable power of attorney.

Appointment as a ______ should not be accepted unless one has the temperament, knowledge, and skills necessary to minimize the risks inherent in this position. A. lessor B. warrantor C. trustee D. mortgagor

C. trustee

A formal printed will must be signed by the testator and: A. executed. B. scripted. C. witnessed. D. supplemented

C. witnessed.

Several states have laws making it illegal to discriminate on the basis of age against persons who are over the age of: A. 18. B. 19. C. 20. Several states have laws making it illegal to discriminate on the basis of age against persons who are over the age of: A. 18. B. 19. C. 20. D. 21..

D. 21

Employees may still sue their employers if it was the employer's ____________ conduct that caused the injury or illness. A. intentional B. malicious C. grossly negligent D. Both A and C

D. Both A and C

. Health care law is defined by: A. Federal and state statutes only. B. Only state statutes. C. Only federal statutes. D. Federal, state, and local statutes, rules, regulations, and judicial decisions

D. Federal, state, and local statutes, rules, regulations, and judicial decisions

A federal statute designed to provide executives of American companies with rules and restrictions relating to paying persons in foreign countries to expedite business in these foreign nations is the: A. Civil Rights Act. B. Trade Union Act. C. Intellectual Property and Real Act. D. Foreign Corrupt Practices Act.

D. Foreign Corrupt Practices Act.

Which law requires each state to establish a health insurance exchange? A. Consolidated Omnibus Budget Reconciliation Act of 1985 B. Occupational Safety and Health Act of 1970 C. Health Insurance Portability and Accountability Act. D. Patient Protection and Affordable Care Act

D. Patient Protection and Affordable Care Act

The ____________ is a specialized agency of the United Nations and an international organization that administers numerous treaties concerning protection of intellectual property rights. A. World Bank B. International Monetary Fund C. World Trade Organization D. World Intellectual Property Organization

D. World Intellectual Property Organization

A type of umbrella health insurance policy that covers serious illnesses and lengthy hospitalizations is ______________. A. medicare B. a health maintenance organization. C. a community based health insurance policy. D. a major medical health insurance policy

D. a major medical health insurance policy

States have enacted statutes that allow individuals to execute a(n) _____________ which documents their wishes regarding their health care in the event that they become incapacitated A. annuity B. contract C. insurance policy D. advance directive

D. advance directive

. A(n) _____ occurs when tenants transfer their entire interest in property for the remaining term of a lease. A. leasehold. B. sublease. C. eviction. D. assignment

D. assignment

A trust is a device or mechanism that permits personal or real property to be held by one party, the trustee, for the benefit of another, the: A. administrator. B. executor. C. testator. D. beneficiary

D. beneficiary

Under federal law, employees have the right to form, join, and assist a labor union through representatives of their own choosing and the right to bargain: A. immediately. B. advertently. C. individually. D. collectively

D. collectively

The monetary currency of the European Union is the: A. pound. B. dollar. C. krone. D. euro.

D. euro.

The act of a host country in taking title to all of the assets of a foreign company while compensating the owners of the foreign company for the taking is called: A. capitalization. B. an embargo. C. domestication. D. expropriation.

D. expropriation.

A relatively inexpensive insurance that covers employees' beneficiaries in the event of loss of life is known as: A. COBRA B. Medicaid C. a cafeteria plan D. group life insurance

D. group life insurance

The Americans with Disabilities Act of 1990 (ADA) is designed to protect __________from illegal discrimination in employment on the basis of disability. A. corporations B. charitable trust C. state D. individuals

D. individuals

A living trust. also known as a(n) ______________, is established while the person, (the settlor who wishes to set up the trust) is still alive. A. holographic will B. trustee's trust C. holographic trust D. inter vivos trust

D. inter vivos trust

The increasing volume of international trade and tourism, the globalization of the marketplace, the growing incidence of multinational business organizations, and cultural exchanges have given rise to the need for: A. domestic law. B. foreign law. C. trade union law. D. international law.

D. international law.

When a person dies without a will, or had a will that failed to meet the requirements of the law, he or she is said to have died: A. without heirs. B. without distribution. C. insolvent. D. intestate

D. intestate

The owner of real property who gives up his or her right of possession is known as a(n): A. executor. B. bailor. C. guarantor. D. landlord

D. landlord

The landlord has the right to collect the agreed-upon rent as provided in the: A. sale deed. B. quitclaim deed. C. warranty. D. lease agreement.

D. lease agreement

A termination by forfeiture gives the landlord the right to terminate the lease if the tenant violates a ___________ lease provision. A. substantial B. constructive C. minimal D. material

D. material

If no surviving heirs or ancestors of the deceased can be located, the decedent's property passes to the: A. charitable trust. B. siblings of the deceased. C. friend or friends of the deceased. D. state.

D. state.

A transfer of the tenant's interest for a part of the premises or for a part of the term of the lease is known as a(n): A. abandonment. B. constructive bailment. C. power of attorney. D. sublease.

D. sublease.

A tenancy that exists when a tenant wrongfully extends tenancy beyond the agreed term is a: A. periodic tenancy. B. tenancy for years. C. tenancy at will. D. tenancy at sufferance

D. tenancy at sufferance

The requirement that a testator must be of sound mind and legal age is known as: A. testamentary intent. B. restrictive intent. C. restrictive capacity. D. testamentary capacity

D. testamentary capacity

If a person dies without a will, generally the surviving spouse and children will receive: A. 1/4 share of the property. B. half of the property. C. 3/4 share of the property. D. the entire estate of the deceased.

D. the entire estate of the deceased.

Intellectual property includes: . A. patents and copyrights but not trademarks B. patents and trademarks but not copyrights C. trademarks and copyrights but not patents. D. trademarks, copyrights and patents.

D. trademarks, copyrights and patents.

Trade among nations remains a vital ingredient to the economic health of the world's population. While countries are sovereign and create and interpret their own sets of laws, the goal is that trade be governed by: A. nongovernmental organizations. B. international organizations. C. trade unions. D. transnational institutions.

D. transnational institutions.

At times, employees may engage in a______________, that is, a strike without the union's consent, or a slowdown, wherein employees report to work but intentionally decrease their productivity. A. secondary boycott B. featherbedding C. lockout D. wildcat strike

D. wildcat strike

As a response to OSHA standards, companies are paying greater attention to the developing science of ergonomics, which deals with designing workplaces so as to promote safety and: A. economic conditions. B. wealth. C. personal developments. D. health.

D.health

The organization created in 1944 to provide relief to countries suffering from the ravages of World War II was the: A. World Bank. B. International Monetary Fund. C. World Trade Organization. D. General Agreement on Tariffs and Trade.

World War II was the: A. World Bank.

At times, under federal and state law, conies must maintain and report detailed records to demonstrate that their employment practices are nondiscriminatory. These reports are referred to as: A. bonafide affirmation plans. B. affirmative action plans. C. legal insurance plans. D. antidiscrimination plans.

`B. affirmative action plans.

platitude

a dull or trite remark; a cliche

philistine

a smugly ignorant person with no appreciation of intellectual or artistic manners

plethora

an excess

pleebian

common; vulgar;low-class

relentless

continuous, unstoppable

pivotal

crucial

plaintive

expressing sadness or sorrow

A beneficiary does not receive gifts of personal or real property pursuant by will

false

A formal, printed will needs to be signed only by the testator. Witnesses are not required for this purpose

false

A gift of personal property left to someone is known as a devise

false

A license gives a person the right of possession.

false

A living will is a document in which a person describes their intentions regarding who inherits his or her property at death.

false

A tape-recorded will is just as valid as a written will

false

A testamentary trust is created by an injunction issued by a court

false

A transnational institution's purpose is overseeing the implementation of all multinational trade agreements negotiated now or in the future

false

An advance directive only takes effect when the individual becomes incapable of making healthcare decisions which, in some states, must be confirmed by at least two family members

false

An effective sexual harassment program is one that is orally communicated to the employees

false

Any alterations to a will, such as erasures, words crossed out, or handwritten insertions, usually constitute valid modifications of the will

false

Cafeteria plans cover employees' beneficiaries in the event of loss of life.

false

Community based insurance only covers serious illnesses and lengthy hospitalizations.

false

Confiscation involves the host country's purchasing the assets of a foreign company

false

Copyrights are a statutory privilege granted by a nation to inventors for a fixed period of years to exclude all others from manufacturing, using, or selling a patented product without permission from the inventor.

false

Discrimination in employment is prohibited on the basis of race, creed, color, sex, but not regarding place of national origin

false

Domestication occurs when the host country takes title to all of the assets of the foreign company.

false

During the negotiation process, a union does not have the right to ensure that the employer bargains in good faith

false

Even if an employer incorrectly believes that an employee has a covered disability, the employee is not protected from discriminatory practices

false

Even if an employer's intentional or grossly negligent conduct caused an employee injury or illness, the employee may not sue the employer

false

In 1994, 12 countries in Europe formed what is expected to eventually become "Greenland," an economic and political integration of the members into the United Nations

false

Insurance policies are exempt from standard principles of contract law.

false

Only federal administrative agencies oversee and administer the manner in which health care is delivered by its providers, and the ways in which health care services are covered by insurers.

false

Same-sex harassment is not considered illegal

false

The Federal Trade Commission inspects workplaces to be certain that these worksites comply with safety and health standards

false

The Patient Protection and Affordable Care Act (PPACA) is also known as Medicare.

false

The decedent's property cannot be converted into cash and applied to payment of burial, medical, taxes and legitimate debts

false

The landlord has no obligation to reduce losses that may result from a tenant's abandonment of the premises

false

The person who agrees to pay for the use of real property is known as the landlord

false

The rights and duties of the parties are usually stated in the lease. These rights may not be expanded or modified by relevant laws and regulations

false

The tenant is not responsible for injuries occurring on his or her own leased premises

false

The trustee may not purchase securities that are of very low risk and that appear on a document referred to as a legal list

false

The use of English as the language of international business is on the decline due to cultural differences, disparate legal systems, and fluctuating exchange rates.

false

Under federal law, employees are prohibited from forming, joining, or assisting a labor union

false

Under the Health Insurance Portability and Accountability Act of 1996 a patient's medical information can never be shared with non-family members.

false

When a person is injured on leased premises, the question of liability does not arise

false

philanthropy

love of mankind, especially bydoing good deeds

renaissance

rebirth or revival

pious

reverent or devout; outwardly (and sometimes falsely) reverent or devout; hypocritical

remonstrate

to argue against; to protest; to raise objections

relegate

to banish; to send away

renounce

to give up formally or resign; to disown;to have nothing to do with anymore

placate

to pacify; to appease; to soothe

refute

to prove to be false; to disprove

relinquish

to release or let go of; to surrender; to stop doing

reiterate

to say again; to repeat

. Companies that conduct business in several countries face the challenge of having to comply with a variety of legal systems that sometimes conflict with one another

true

. Health care laws are comprised of federal, state, and local statutes, rules, regulations, and judicial decisions

true

. If a landlord fails to make reasonable efforts to reduce his or her losses resulting from a tenant's abandonment, the tenant is relieved of his or her obligation to pay the rent remaining under the lease

true

. The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides employees and their families who lose employment health benefits the right to elect to continue group health benefits provided by their group health plan for specified limited periods of time.

true

. The two most commonly used advance directives are living wills and durable powers of attorney for health care.

true

A legacy or bequest can be residuary, when a will provides for the disposition of the balance of the estate

true

A trustee must manage the property according to the wishes of the settlor, who may be deceased

true

A will must comply with legal requirements that are intended to ensure that the wishes of the testator are met and that there are no obstacles to the smooth transfer of the property

true

Conditions in a lease may specify certain restrictions on how property may be used

true

Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal statute that provides an individual with rights over his or her health information.

true

If a case of sexual harassment winds up in court, an employer can attempt to defend against the lawsuit by demonstrating that there was an effective sexual harassment program was in force

true

If a person dies intestate leaving a spouse but no children, the surviving spouse usually receives the entire estate

true

In 1977, the United States passed the Foreign Corrupt Practices Act (FCPA), which is a federal statute designed to provide executives of American companies with rules and restrictions relating to paying persons in foreign countries to expedite business in these foreign nations

true

In a period tenancy, either the landlord or tenant must give the other party timely notice in order to comply with applicable state laws

true

In addition to trade sanctions and embargoes, at times a country will impose a tariff on imports or exports to attain economic results.

true

In modern times, customary practices and treaties are the major sources of international law which are recognized in the Statute of the International Court of Justice

true

In order to promote trade, the United States, Canada, and Mexico have agreed to follow the rules of the North American Free Trade Agreement.

true

In some countries outside of the United States, it is perfectly acceptable that there will be payments made to individuals in order to secure their business

true

In the event a collective bargaining agreement is not reached between an employer and a union, the union has the right to call a strike

true

International law includes the study of organizations that regulate personal and commercial activity and facilitate international trade

true

Many wills include a statement that the testator is revoking all previous wills. Even without such a statement, the most recent will, if valid, automatically revokes all prior wills made by the testator

true

Most leases give a landlord the right to terminate the lease if the tenant fails to pay rent or violates any other material lease provision

true

Persons considered disabled under the Americans with Disabilities Act would include individuals who are sight impaired, are hearing impaired, or use a wheelchair

true

Several states have laws making it illegal to discriminate on the basis of age against persons who are over the age of 21

true

Sexual harassment is a form of discrimination on the basis of sex and is illegal under federal law

true

Since leases are now viewed as contracts, commercial leases are subject to certain provisions of the Uniform Commercial Code

true

Some courts have held that the landlord may be considered to be responsible for the actions of a tenant who denied another tenant his or her right to quiet enjoyment

true

States have enacted statutes that enforce advance directives, documents that express the wishes of individuals regarding their health care in the event that they become incapacitated.

true

The Patient Protection and Affordable Care Act (PPACA) requires group health insurance plans to provide coverage for dependent children.

true

The World Bank works closely with the International Monetary Fund to ensure that developing countries have access to funds in order to stimulate their economies.

true

The World Trade Organization (WTO) is responsible for overseeing the implementation of all multinational trade agreements negotiated now or in the future

true

The fact that an employee is prohibited from suing his or her employer for a work-related injury or illness does not preclude the employee from suing a third party, even if the injury or illness occurred while the employee was on the job

true

The landlord has the right to regain possession of the property in good condition at the end of the lease

true

The law gives a tenant the right to make reasonable modifications to the leased property

true

There are numerous federal and state laws that serve to protect employees from accidents and sicknesses that are job-related

true

Undue influence describes the unreasonable pressure that might be applied to testators to change their true wishes for the disposition of property

true

When a person dies, arrangements will first be made to pay his or her final expenses, such as the cost of an appropriate burial, medical expenses, taxes, and legitimate debts

true

When executing an advance directive an individual must demonstrate that he or she is competent and must sign the document in the presence of witnesses.

true

Whether a tenant has the right to remove fixtures at the end of the lease depends largely on whether removing them would damage the landlord's interest

true


Conjuntos de estudio relacionados

the art of public speaking chapter 10

View Set

Pharm Exam Review Questions (from in class)

View Set

Penny Review : The First Trimester

View Set

Lab 2: Osteology-The Axial Skeleton

View Set

Ch 25 Portfolio Theory and Asset Pricing

View Set