BUSN 311 Week 8 Final Exam Answers

Week Eight Final Exam

Part 1 of 1 – 75.0 Points


Question 1 of 16 5.0 Points
Joe plans to form Joe’s Plumbing, Inc. He enters into a contract with Mary on Monday and then forms his corporation on Tuesday. Joe breaches the contract. Mary sues Joe and Joe’s Plumbing, Inc. for breach of contract.

A.Mary will lose the suit against Joe’s Plumbing, Inc.

B.Mary will lose the suit against Joe

C.Mary will likely win the suit against Joe.

D.Joe is protected from liability for the acts of Joe’s Plumbing, Inc.


Question 2 of 16 5.0 Points
Denny forms, ACME, Inc. From this point on no one can successfully sue Denny over any contract entered into by ACME, Inc.




Question 3 of 16 5.0 Points
The purpose of SOX is to protect corporate management in the event that inaccurate SEC disclosures are filed.




Question 4 of 16 5.0 Points
Title VII of the Civil Rights Act of 1964 does not prohibit companies from discriminating based on age.




Question 5 of 16 5.0 Points
Milton Friedman was a supporter of:

A.Stakeholder theory
B.Shareholder theory
C.Kantian Ethics



Question 6 of 16 5.0 Points
“Within the confines of law and ethics” is an important qualifier in which ethical framework

A.Shareholder Theory


D.Kantian Ethics


Question 7 of 16 5.0 Points
Title VII of the Civil Rights Act of 1964:

A.creates two protected classes.

B.applies to employers with more than 10 employees.

C.forbids all types of discrimination.

D.does not require identical treatment of all employees


Question 8 of 16 5.0 Points
In all cases of discrimination the Equal Employment Opportunity Commission (EEOC) will file a lawsuit.



Question 9 of 16 5.0 Points
Emphasizing cost controls, profits and timelines over what is ethical or lawful, similar to British Petroleum’s management’s actions on the Deepwater Horizon job is a prime example of the shareholder theory.




Question 10 of 16 5.0 Points
Which of the following acts allows employees to file a wage discrimination complaint within 180 days of their last paycheck?

A.Rehabilitation Act

B.Fair Labor Standards Act
C.Lilly Ledbetter Fair Pay

D.Equal Pay Act

E.Paycheck Fairness Act


Question 11 of 16 5.0 Points
Joe files a lawsuit against Bob. Bob is served with a copy of the complaint. Bob puts the complaint in a drawer and ignores it for six months. What happens to the case?

A.Bob will receive an automatic 30-day extension
B.Joe’s case is dismissed

C.A bench arrest warrant is issued against Bob

D.A default judgment is entered against Bob


Question 12 of 16 5.0 Points
Jenny promises to pay Ivan $300 in exchange for Ivan’s promise to paint Jenny’s house. This is an example of a(n):

A.unilateral contract.

B.express contract.

C.invitation to bargain.

E.illusory promise.


Question 13 of 16 5.0 Points
Jimmy is 16 and enters a contract to purchase a car. The terms of the sale are “as is” and no returns. Jimmy drives the car home and then decides he does not want to keep the car. He returns it to the seller. Jimmy will be allowed to return the car.




Question 14 of 16 5.0 Points
Gary decides to open a marijuana store in Idaho. Although several states have passed laws that legalize marijuana, Idaho is not one of them, After hearing that there is a petition going around the Idaho legislature to try to get a law passed, Gary contracts with Jimmy to purchase marijuana plants. Jimmy takes Gary’s money but does not deliver the plants. Gary will likely win a breach of contract claim against Jimmy.




Question 15 of 16 5.0 Points
Jane enters into a contract to purchase a house from Jimmy. The house is on the historic register. After the contract is signed Jimmy decides he does not want to sell the house to Jane. Jane’s best remedy is to sue Jimmy for:

A.Compensatory Damages

B.Specific Performance

C.General Damages

D.A complete refund of the purchase price.


Question 16 of 16 0.0 Points
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