fina 2244 final review exam 4

katherine loses her ATM card while visiting her boyfriend in boston. doesn't realize it until she gets home to new jersey after a week in boston. she immediately notifies the bank that she lost her card 7 days ago how much is katherine liable for in losses?

$500

family and medical leave act gives employees the right to take:

2 weeks paid leave per year for health and family related reasons

for the NLRB to oversee a representation election, at least what percent of employees must request an election?

30%

family and medical leave act to apply to private business, business must______ have at least ______ employers

50

the fair debt collection practices act restricts:

abusive techiniques used by debt collection agencies

agency by estoppel means:

actions by the principal lead a person to believe that presumed agent has authority to act on the principals behalf

______ is the authority given by the principal to the agent

actual authority

what is not a feature of the consumer credit protection act:

all of the other choices are features of the act

under fair credit act reporting act, consumer reporting agency must:

allow consumers to see info about them that results in being denied credit

carol's business requires that all employees dress professionally in busienss attire to give pro appearacne. susan insists that she be allowed to wear ratty jeans bc religion requries it. carol:

allow susan to wear jeans as not to discriminate on religion

barbara, purchasing agent for UTA, was fired for good reason. being angry about her dismissal, she calls UTA's suppliers and orders 1,000 purple widgets. if UTA, the principal, is held liable for this transaction, it is bc barbara had:

apparent authority

sexual harrassment does not appear to include:

asking a coworker to go on a date

many employers monitor email their employees send and receive at work .courts held this practice as legal

bc emails are being transmitted on company time and property

jimmy must be at work no later than 7 am on teh days he works. bc he must hurry to get to work he runs over a lady going across the street. she sues jimmy and his employer for her injuires she has:

case against jimmy, but no case against his employer

if joe, african american employer w/ lights skin, discriminates against omar, a african american w/ dark skin, omar will most likely file a discrimination claim based on

color

what is not true about the operation of occupational safety and health act?

compliance w/ OSHA standards is voluntary

ms. yu hires chinease men and women to work at rest. she believes customers prefer to be served by chinese. lisa applie and is rejected, yu's actions may be illegal:

disparate treatment

power of attorney:

document that creates an agency

the ____ was designed to gurantee the expectations of retirement plan participants and to promote the growth of private pension plans

employee retirement income security act

under federal immigration law all:

employees must collect evidence of citizenship or of legal work status for all employees

collective bargaining refers to the process by which the:

employer and union negotiate an employment contract

agency given the power to file suits against employers and unions believed to be violating title 7 of civil rights act is the :

equal employment opportunity commission

_______ is the raising of funds through the sale of company stock

equity financing

workers comp. law:

gives an employer immunity from employee tort suits arising from on the job accidents

under SEC rules, a "publicy held company" is a company:

has issued securities that are publicly traded

karen has a history of drunk driving and has been convicted several times. pizza parlor hires her as a delivery person despite her history. if karen causes an accident while on the job bc of drinking what would you expect from the courts

hold the pizza parlor liable for negligence

denying a woman a job, assignment, or promotion bc she is pregnant or has children is:

illegal bc it is a form of pregnancy discriminiation

under the securities law, liability for misstatements:

imposed for overly optimistic statements made by executives that are not soundly grounded

buying or selling stock by persons who have access to information affecting the value of stock has not yet been revealed to public is called

insider trading

an at-will employee:

may be dismissed at any time without reason or cause

equity financing differs from debt financing in that, with equity financing a company

no liability to repay shareholders the amount they have invested

anna hires jack to paint her house. he supplies his equipment and buys the paint for which he will be paid by anna. one day while jack is painting anna invites tom for lunch. as tom is walking jack drops can of paint on his head. with respect to agency law, anna liable for the harms jack causes tom?

no, bc jack is an independent contractor

employees may be required to sign, as a condition of employment, ann agreement that they will not leave the company and go to work for themselves or a competitor firm in a position that could inflict competitive injury on the employers. this is called:

noncompete agreement

tender offer takes place when

one company attempts to take over another company

comparing regulation of drugs to other countries, the US is:

one of the strictest nations has great impact on world market

proxy is best described as:

permission by shareholder for someone else to vote their shares

age discrimination in employment act holds it illegal to discriminate in employment against

person aged 40 and over

if a trial where person has claimed employment discrimination has occured, employer has offered a non-discriminiatory rationale for what happened, then:

plaintiff must show employer's reason is a pretext or excuse for illegal behavior

intent of the nutrition labeling and education act is to:

prevent misleading product claims

through an agency relationship, agent becomes a representative of:

principal

federal agency that has the most to do with regulation of securities markets is the;

securities and exchange commission

which is not protected class under title 7

sexual orientation

applicants who wants to sell a drug in the US market must

submit evidence that the drug is reasonable for its intended use

which of the following is not a requirement of drug-free workplace act imposed on all companies that do more than $25,000 worth of business with federal gov't?

test new employees for possible drug use

which of the following is not required imposed on all companies that do more than $25,000 worth of business w/ federal government

test new employees for possible drug use

a principal has a duty _____ the agent for reasonable expenses incurred in carrying out the duties of the agency

to reimburse

americans w/ disabilities act applies to employers with:

twenty five or more employees

liability is imposed on the principal for the unauthorized torts of an agent, it is called:

vicarious libaility

an agent trying to sell a house for $100,000 for her principal. principal will sell the house for little as $80,000 but wants to get as much as possible. agent tells her cousin to offer $81,000 the agents actoins are:

violation of duty of loyalty