Full file at http://testbankeasy.eu/Test-bank-for-Small-Business-ManagementEntrepreneurship-and-Beyond,-6th-Edition---Timothy-S.-Hatten
1. According to the text, laws ensure fair competition, allow contracts to be enforced, and protect consumer rights.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 247
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
2. With a minimal education, the wording of most laws and regulations is easy to understand.
a. True
b. False
ANSWER:
False
POINTS:
1
REFERENCES:
p. 247
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
3. The best time for a small business to get a lawyer is when the business is in trouble.
a. True
b. False
ANSWER:
False
POINTS:
1
REFERENCES:
p. 248
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
4. Competition decreases the need for government intervention in the market.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 249
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
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5. Antitrust laws were written to prevent large businesses from forming trusts.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 249
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
6. More and more, U.S. laws are becoming increasingly based on the rule of caveat emptor: "Let the buyer beware."
a. True
b. False
ANSWER:
False
POINTS:
1
REFERENCES:
p. 249
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
7. Executive workers and professional employees may be exempt from the minimum wage and overtime pay requirements
of the Fair Labor Standards Act.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 249
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
8. The Americans with Disabilities Act of 1990 considers recovering drug addicts, alcoholics, and individuals with HIV or
AIDS as those covered by the employment discrimination provision.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 251
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
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NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
9. To be considered sexual harassment, only those directly affected by the actions can file a suit.
a. True
b. False
ANSWER:
False
POINTS:
1
REFERENCES:
p. 253
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
10. The beginning point for determining small business compliance with the ACA (Obamacare) is the number of full-time
employees.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 254
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
11. Bankruptcy is a remedy for becoming solvent.
a. True
b. False
ANSWER:
False
POINTS:
1
REFERENCES:
p. 257
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
12. Chapter 11 bankruptcy provides a second chance for a business that is in financial trouble but still has potential to
succeed.
a. True
b. False
ANSWER:
True
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POINTS:
REFERENCES:
LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
1
p. 258
Cognero C8846154217E4FF5A8972792 - 10.2
United States - AACSB: Analytic
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
13. Chapter 7 bankruptcy means that the business will be liquidated.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 257
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
14. Other businesses that declare bankruptcy may provide an opportunity for you.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 257
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
15. If a business involves the sale or preparation of food, a business owner will need to obtain Health Department permits
and also be subject to regular inspections.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 256
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
16. In most cases, declaring bankruptcy for a failed business will leave the business owner penniless and homeless.
a. True
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b. False
ANSWER:
POINTS:
REFERENCES:
LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
False
1
p. 257
Cognero C8846154217E4FF5A8972792 - 10.2
United States - AACSB: Analytic
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
17. About three our of every four bankruptcy filings take place under Chapter 11.
a. True
b. False
ANSWER:
False
POINTS:
1
REFERENCES:
p. 257
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
18. Chapter 13 bankruptcy allows individuals, including small business owners, who owe less than $250,000 in unsecured
debts and secured debts of less than $750,000 to pay back creditors over a three- to five-year period.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 258
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
19. Under Chapter 13 bankruptcy, a plan must be submitted to a bankruptcy judge that shows how most types of the debt
will be paid in full.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 258
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
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20. A contract is a promise that is enforceable by law.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 258
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
21. Contract law comprises the body of laws that are intended to ensure parties entering into contracts comply.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 258
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
22. A contract must be in writing to be enforceable.
a. True
b. False
ANSWER:
False
POINTS:
1
REFERENCES:
p. 259
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
23. Capacity is one of the four basic elements of a contract.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 259
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
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KEYWORDS:
Bloom's Knowledge
24. Contracts involving the sale of real estate must be in writing.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 259
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
25. The payment of someone else's debt should always be in writing.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 259
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
26. Intellectual property is a product or some type of human thought that is created through the mental skills of a person.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 260
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
27. A patent is a form of protection for intellectual property provided to an inventor for a period of 17 years.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 261
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
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STATE STANDARDS:
KEYWORDS:
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
28. The three types of patents in existence today are utility patents, design patents, and plant patents.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 261
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
29. To qualify for a patent, an invention does not necessarily have to provide some legal utility.
a. True
b. False
ANSWER:
False
POINTS:
1
REFERENCES:
p. 261
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
30. A novel item or creation meets one of the four requirements for obtaining a patent.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 262
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
31. A copyright protects literary, musical, or artistic works for the period of the creator's life plus 125 years.
a. True
b. False
ANSWER:
False
POINTS:
1
REFERENCES:
p. 265
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
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NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
32. A copyright is synonymous with a patent.
a. True
b. False
ANSWER:
False
POINTS:
1
REFERENCES:
p. 266
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
33. A trademark is a form of protection for intellectual property provided to the owner of a brand name or symbol.
a. True
b. False
ANSWER:
True
POINTS:
1
REFERENCES:
p. 266
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
34. Patents, copyrights, or trademarks obtained in the United States will provide the same protection in foreign countries.
a. True
b. False
ANSWER:
False
POINTS:
1
REFERENCES:
p. 266
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
35. As seen in the chapter opener, the International Chamber of Commerce estimates that what percentage of total world
trade is from pirated goods?
a. One-tenth of one percent
b. 20 percent
c. 6 percent
d. They don't have an estimate
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ANSWER:
POINTS:
REFERENCES:
LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
c
1
p. 247
Cognero 086F3E8651924A279D4BED85 - 10.1
United States - AACSB: Analytic
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
36. The best time for a small business to get a lawyer is
a. When the business is in trouble
b. During court hearings
c. When writing the business plan
d. While the business is still an idea
ANSWER:
c
POINTS:
1
REFERENCES:
p. 248
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
37. Most small business problems are split between ____ and ____.
a. Expenses, revenue
b. Costs, regulations
c. Day, night
d. Employees, location
ANSWER:
b
POINTS:
1
REFERENCES:
p. 248
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
38. According to the U.S. Department of Commerce, about how much do U.S. businesses lose annually to the
counterfeiting of trademarked and copyrighted products?
a. $2 million
b. $20 million
c. $200 billion
d. $2 billion
ANSWER:
c
POINTS:
1
REFERENCES:
p. 247
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LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
Cognero 086F3E8651924A279D4BED85 - 10.1
United States - AACSB: Analytic
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
39. Which of the following is not a power of the Federal Trade Commission?
a. Conduct hearings
b. Issue cease-and-desist orders
c. Write new laws governing competition
d. Investigate companies for unfair practices
ANSWER:
c
POINTS:
1
REFERENCES:
p. 249
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
40. Which of the following acts was written to prevent large businesses from forming trusts?
a. Clayton Act
b. Federal Trade Commission Act
c. Fair Debt Collection Practices Act
d. Civil Rights Act of 1964
ANSWER:
a
POINTS:
1
REFERENCES:
p. 249
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
41. The act of keeping prices artificially high is referred to as
a. Monopoly
b. Collusion
c. Zoning
d. Antitrust
ANSWER:
b
POINTS:
1
REFERENCES:
p. 249
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
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42. Which of the following is the act that was passed in 1938 to regulate worker's pay?
a. Fair Labor Standards Act
b. Worker's Compensation Act
c. Civil Rights Act
d. Americans with Disabilities Act
ANSWER:
a
POINTS:
1
REFERENCES:
p. 249
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
43. The Civil Rights Act of 1964 prevents discrimination on all of the following grounds except
a. Sex
b. Race
c. National origin
d. Pregnancy
ANSWER:
d
POINTS:
1
REFERENCES:
p. 251
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
44. ____ prevents discrimination based on gender, race, color, religion, or national origin in any terms, conditions, or
privileges of employment.
a. The Civil Rights Act of 1991
b. The Equality Act
c. The Equal Rights Act of 1965
d. The Civil Rights Act of 1964
ANSWER:
d
POINTS:
1
REFERENCES:
p. 251
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
45. ____ tries to discourage illegal immigration into the United States by denying employment to aliens and extends
coverage of the 1964 Civil Rights Act to foreign-sounding or foreign-looking individuals.
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a. The Civil Rights Act of 1991
b. The Americans with Disabilities Act of 1990
c. The Immigration Reform and Control Act of 1986
d. The Civil Rights Act of 1964
ANSWER:
c
POINTS:
1
REFERENCES:
p. 251
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
46. The Americans with Disabilities Act was passed to guarantee individuals with disabilities all but which of the
following rights?
a. The right to obtain and hold a job
b. The right to travel on public transportation
c. The right to use of telecommunication services
d. The right to purchase handicap-operated vehicles
ANSWER:
d
POINTS:
1
REFERENCES:
p. 251
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
47. A/An ____ is an action that is excessively costly, extensive, substantial, or disruptive, or that would fundamentally
alter the nature or operation of the business.
a. Hardship
b. Undue hardship
c. Economic hardship
d. Financial hardship
ANSWER:
b
POINTS:
1
REFERENCES:
p. 252
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
48. Which of the following may an employer do under the Americans with Disabilities Act?
a. Question applicants about the severity, nature, or origin of a known disability
b. Refuse employment due to the employee needing special accommodation
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c. Require drug tests at any time in the employment process
d. Require medical or physical exams prior to a conditional offer of employment
ANSWER:
c
POINTS:
1
REFERENCES:
p. 251
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
49. Which title under the Americans with Disabilities Act requires all businesses serving the public to make their facilities
and services accessible to the disabled?
a. Title V
b. Title VI
c. Title VII
d. Title III
ANSWER:
d
POINTS:
1
REFERENCES:
p. 252
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
50. ____ are available to aid businesses with Americans with Disabilities Act compliance.
a. Grants
b. Loans
c. Tax incentives
d. Federal funds
ANSWER:
c
POINTS:
1
REFERENCES:
p. 253
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
51. Arco Advertising employs two individuals who are confined to wheelchairs. The company is required by the
Americans with Disabilities Act to provide modifications of the work environment, such as wheelchair ramps, making it
possible for the disabled workers to enjoy equal employment opportunities. These modifications are referred to as
a. Undue hardship
b. Reasonable hardship
c. Reasonable accommodation
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d. Undue modification
ANSWER:
POINTS:
REFERENCES:
LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
c
1
p. 252
Cognero 086F3E8651924A279D4BED85 - 10.1
United States - AACSB: Reflective Thinking
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
52. All of the following is true regarding sexual harassment behavior except which of these?
a. The victim has to be of the opposite sex
b. Sexual harassment includes unwelcome sexual advances
c. The harasser can be a victim's supervisor
d. Harassment can occur without economic injury
ANSWER:
a
POINTS:
1
REFERENCES:
p. 253
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
53. ____ is the practice of using different cutoff test scores for different groups.
a. Score norming
b. Race norming
c. Group norming
d. Job norming
ANSWER:
b
POINTS:
1
REFERENCES:
p. 253
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
54. The Civil Rights Act of 1991 places the burden of proof on
a. The court system
b. The employee
c. The employer
d. The public
ANSWER:
c
POINTS:
1
REFERENCES:
p. 253
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LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
Cognero 086F3E8651924A279D4BED85 - 10.1
United States - AACSB: Analytic
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
55. Workers' compensation is insurance that provides replacement income and medical expenses to workers who suffer
a. Work-related injury
b. Underemployment
c. Discrimination
d. Silently
ANSWER:
a
POINTS:
1
REFERENCES:
p. 254
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
56. Workers' compensation premiums are based on two major factors: ____ and ____.
a. Annual revenue; number of employees
b. Industry classification; tax bracket
c. State business is located; payroll
d. Industry classification; payroll
ANSWER:
d
POINTS:
1
REFERENCES:
p. 254
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
57. Costs of workers' compensation to businesses are
a. Declining
b. Soaring
c. Holding constant
d. Irrelevant since they are paid by employees
ANSWER:
b
POINTS:
1
REFERENCES:
p. 254
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
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58. ____ was passed to try to ensure every working man and woman in the nation safe and healthful working conditions
and to preserve human resources.
a. OSHAW
b. NIOSH
c. The Occupational Safety and Health Act of 1970
d. The Workers Compensation Act of 1976
ANSWER:
c
POINTS:
1
REFERENCES:
p. 255
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
59. The Occupational Safety and Health Administration is the ____ branch that the Occupational Safety and Health Act
created.
a. Enforcement
b. Research center
c. Enforcement review board
d. Information service
ANSWER:
a
POINTS:
1
REFERENCES:
p. 255
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
60. For businesses with fewer than ____ fulltime employees, there is no health insurance requirement, according to the
Health Care Reform Act.
a. 10
b. 50
c. 30
d. 100
ANSWER:
b
POINTS:
1
REFERENCES:
p. 254
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
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61. Which of the following individuals are entitled to unemployment compensation?
a. Sandy, who quit her job voluntarily
b. Lonnie, who was fired for lying to his boss
c. Wilbert, who was caught stealing
d. Donna, who was laid off from her job for two months
ANSWER:
d
POINTS:
1
REFERENCES:
p. 255
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
62. OSHA requires most employers with ____ or more employees to keep records of occupational injuries and illnesses.
a. 3
b. 8
c. 11
d. 50
ANSWER:
c
POINTS:
1
REFERENCES:
p. 255
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
63. Alexis is looking to open her own business, and she wants to research the local and county requirements for obtaining
permits and licenses. Which of the following would be a good resource to consult?
a. The CIA
b. An immigration attorney
c. Federal government officials
d. Her local Chamber of Commerce
ANSWER:
d
POINTS:
1
REFERENCES:
p. 256
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
64. As an employer, you have all but which of the following choices if cited for a violation by the Occupational Safety
and Health Administration?
a. Appeal the penalties
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b. Seek a variance
c. Correct the violation
d. Choose to ignore the citation
ANSWER:
d
POINTS:
1
REFERENCES:
p. 255
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
65. A land buyer interested in beginning a small business should be certain how a piece of property is ____ before buying
the land.
a. Subdivided
b. Supplied with utilities
c. Zoned
d. Accessed
ANSWER:
c
POINTS:
1
REFERENCES:
p. 256
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
66. ____ laws control what a business can sell and where it can operate.
a. Access
b. Sales
c. Subdividing
d. Zoning
ANSWER:
d
POINTS:
1
REFERENCES:
p. 256
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
67. ____ laws are used to control parking, waste disposal, and sign size and placement.
a. Property
b. Zoning
c. Enhancement
d. Land use
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ANSWER:
POINTS:
REFERENCES:
LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
b
1
p. 256
Cognero 086F3E8651924A279D4BED85 - 10.1
United States - AACSB: Analytic
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
68. ____ businesses are the fastest growing segment in new business startups.
a. Home-based
b. Small
c. Resort-based
d. Office-based
ANSWER:
a
POINTS:
1
REFERENCES:
p. 256
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
69. Bankruptcy accomplishes two different objectives. These objectives are which of the following?
a. Liquidation and termination
b. Insolvency and termination
c. Insolvency and reorganization
d. Liquidation and reorganization
ANSWER:
d
POINTS:
1
REFERENCES:
p. 257
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
70. Which of the following methods of bankruptcy would be best for a business that has no hope of getting out of its
financial indebtedness?
a. Chapter 7
b. Chapter 12
c. Chapter 13
d. Chapter 11
ANSWER:
a
POINTS:
1
REFERENCES:
p. 257
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LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
Cognero C8846154217E4FF5A8972792 - 10.2
United States - AACSB: Analytic
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
71. In some cases, local zoning commissions may grant a/an ____, which allows businesses to operate without complying
with the regulation or without having the regulation be changed.
a. Variance
b. eurozone
c. Restriction
d. Breach of contract
ANSWER:
a
POINTS:
1
REFERENCES:
p. 256
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
72. The Bankruptcy Abuse Prevention and Consumer Protection Act requires a comparison of the debtor's income to the
a. median income in the individual's home state
b. median national income
c. 75th percentile of median income in the individual's home state
d. 25th percentile of median national income
ANSWER:
POINTS:
REFERENCES:
LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
a
1
p. 257
Cognero C8846154217E4FF5A8972792 - 10.2
United States - AACSB: Analytic
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
73. Which of the following methods of bankruptcy would be best for a business that still has some hope of being
financially successful?
a. Chapter 7
b. Chapter 11
c. Chapter 12
d. Chapter 13
ANSWER:
b
POINTS:
1
REFERENCES:
p. 258
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Analytic
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STATE STANDARDS:
KEYWORDS:
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
74. Which percentage of all bankruptcy filings are filed under Chapter 11?
a. Three percent
b. Five percent
c. Seven percent
d. Nine percent
ANSWER:
a
POINTS:
1
REFERENCES:
p. 258
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
75. The reorganization plan under Chapter 11 bankruptcy protects the filer from which of the following?
a. Foreclosure
b. Liquidation
c. Paying creditors
d. Credit report damage
ANSWER:
a
POINTS:
1
REFERENCES:
p. 258
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
76. Which percentage of all bankruptcy filings are filed under Chapter 13?
a. 3 percent
b. 10 percent
c. 18 percent
d. 25 percent
ANSWER:
d
POINTS:
1
REFERENCES:
p. 258
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
77. Bankruptcy remains on a credit report for how many years?
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a. Three years
b. Five years
c. Seven years
d. Nine years
ANSWER:
POINTS:
REFERENCES:
LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
c
1
p. 258
Cognero C8846154217E4FF5A8972792 - 10.2
United States - AACSB: Analytic
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
78. Which of the following is not a contract that must be in writing to be enforceable?
a. Sale of real estate
b. Contracts paying someone else's debt
c. Contracts taking less than one year to perform
d. Contracts involving sales of goods valued at $500 or more
ANSWER:
c
POINTS:
1
REFERENCES:
p. 251
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
79. Which of the following is not one of the four basic conditions or elements that a contract must meet in order to be
binding?
a. Legality
b. Agreement
c. Capacity
d. Formal documentation
ANSWER:
d
POINTS:
1
REFERENCES:
p. 259
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
80. The legality element of a contract states that
a. A contract must be intended to accomplish a legal purpose.
b. A contract must include a legitimate offer and a legitimate acceptance.
c. Something of value must be exchanged between the two parties.
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d. The parties entering into a contract must have the capacity to do so.
ANSWER:
a
POINTS:
1
REFERENCES:
p. 259
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
81. The agreement element of a contract states that
a. A contract must be intended to accomplish a legal purpose.
b. A contract must include a legitimate offer and a legitimate acceptance.
c. Something of value must be exchanged between the two parties.
d. The parties entering into a contract must have the capacity to do so.
ANSWER:
b
POINTS:
1
REFERENCES:
p. 259
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
82. The consideration element of a contract states that
a. A contract must be intended to accomplish a legal purpose.
b. A contract must include a legitimate offer and a legitimate acceptance.
c. Something of value must be exchanged between the two parties.
d. The parties entering into a contract must have the capacity to do so.
ANSWER:
c
POINTS:
1
REFERENCES:
p. 259
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
83. The capacity element of a contract states that
a. A contract must be intended to accomplish a legal purpose.
b. A contract must include a legitimate offer and a legitimate acceptance.
c. Something of value must be exchanged between the two parties.
d. The parties entering into a contract must have the capacity to do so.
ANSWER:
d
POINTS:
1
REFERENCES:
p. 259
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LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
United States - AACSB: Analytic
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
84. ____ is a violation of one or more terms of a contract by a party involved in the contract.
a. Injunction
b. Specific performance
c. Compensatory damage
d. Breach of contract
ANSWER:
d
POINTS:
1
REFERENCES:
p. 259
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
85. Alice and Bonnie are finalizing negotiations for the sale of Alice's hair salon. Near the end of the conversation, Bonnie
tells Alice, "You have a deal!" This constitutes which element of a contract?
a. Legality
b. Agreement
c. Consideration
d. Capacity
ANSWER:
b
POINTS:
1
REFERENCES:
p. 259
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
86. A door-to-door saleswoman approaches Samantha, a high school student, and tries to pressure her into purchasing a
line of cosmetics. Samantha tells the saleswoman that she must first consult with her parents. The saleswoman has
violated which element of a contract?
a. Legality
b. Agreement
c. Consideration
d. Capacity
ANSWER:
d
POINTS:
1
REFERENCES:
p. 259
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
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NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
87. A/An ____ states that the previous business owner will not start or own a similar business within a specific geographic
area for a certain amount of time.
a. Competition contract
b. Closed contract
c. Noncompete covenant
d. Open covenant
ANSWER:
c
POINTS:
1
REFERENCES:
p. 260
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
88. ____ is money awarded by the courts to a party of the contract who has suffered a loss due to the actions of another
party.
a. Injunction
b. Specific performance
c. Compensatory damage
d. Breach of contract
ANSWER:
c
POINTS:
1
REFERENCES:
p. 259
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
89. A/An ____ is a court order that prohibits certain activities.
a. Injunction
b. Specific performance
c. Compensatory damage
d. Breach of contract
ANSWER:
a
POINTS:
1
REFERENCES:
p. 260
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
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KEYWORDS:
Bloom's Knowledge
90. ____ is a nonmonetary award granted by the courts to a party of the contract who has suffered a loss due to the actions
of another party.
a. Injunction
b. Specific performance
c. Compensatory damage
d. Breach of contract
ANSWER:
b
POINTS:
1
REFERENCES:
p. 260
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
91. The ____ patent covers inventions that are unique or have new uses or functions.
a. Utility
b. Design
c. Plant
d. Novelty
ANSWER:
a
POINTS:
1
REFERENCES:
p. 261
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
92. The ____ patent protects unique or new forms or shapes of a product.
a. Utility
b. Design
c. Plant
d. Novelty
ANSWER:
b
POINTS:
1
REFERENCES:
p. 261
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
93. ____ is a broad term that refers to the product of some type of unique human thought.
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a. Copyright
b. Patent property
c. Intellectual property
d. Trademark
ANSWER:
POINTS:
REFERENCES:
LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
c
1
p. 260
Cognero 2C34DD7CDB13495C8413FF82 - 10.4
United States - AACSB: Analytic
United States - OH - DISC: Legal Responsibilities
Bloom's Knowledge
94. John and Robert have been working together for the last three years on building a prototype for a new type of hand
glider that has modified wings allowing for longer flights. What type of patent should they obtain?
a. Design patent
b. Utility patent
c. Plant patent
d. Trademark patent
ANSWER:
a
POINTS:
1
REFERENCES:
p. 261
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
95. All of the following are statutory classes of inventions except which of the following?
a. Machine
b. Copyright
c. Process
d. Chemical combination
ANSWER:
b
POINTS:
1
REFERENCES:
p. 261
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
96. Which of the following is not one of the four tests used to grant a patent?
a. Does the invention fit current regulations?
b. Is the invention useful?
c. Is it novel?
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d. Is it obvious?
ANSWER:
POINTS:
REFERENCES:
LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
a
1
p. 261
Cognero 2C34DD7CDB13495C8413FF82 - 10.4
United States - AACSB: Analytic
United States - OH - DISC: Legal Responsibilities
97. The ____ patent covers living plants that can be grown or reproduced.
a. Utility
b. Design
c. Plant
d. Novelty
ANSWER:
c
POINTS:
1
REFERENCES:
p. 261
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
98. In the Reality Check titled "Protect Your App?," what percentage of patents end up with no commercial value?
a. 95 percent
b. 60 percent
c. 33 percent
d. It doesn't matter, always get a patent
ANSWER:
a
POINTS:
1
REFERENCES:
p. 262
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
99. A/An ____ looks for existing patents or inventions that are or may be similar to another product.
a. Patent application
b. Patent search
c. Idea search
d. Invention search
ANSWER:
b
POINTS:
1
REFERENCES:
p. 264
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
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Full file at http://testbankeasy.eu/Test-bank-for-Small-Business-ManagementEntrepreneurship-and-Beyond,-6th-Edition---Timothy-S.-Hatten
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
100. Which of the following is not one of the three types of novelty tests?
a. Physical difference
b. New combination of different parts
c. Invention of a new use
d. Intellectual difference
ANSWER:
d
POINTS:
1
REFERENCES:
p. 262
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
101. Which of the following should not be included when submitting a patent application?
a. Payment of filing fee
b. Drawings of the invention
c. The invention itself
d. Invention specifications
ANSWER:
c
POINTS:
1
REFERENCES:
p. 264
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
102. Copyrights protect all of the following except
a. Music
b. Literature
c. Art
d. Ideas
ANSWER:
d
POINTS:
1
REFERENCES:
p. 264
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
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103. Sinead is an up-and-coming folk singer who just recorded her first solo album on a relatively obscure record label.
To protect her music from illegal and unauthorized use, which of these should Sinead pursue?
a. Patent
b. Copyright
c. Trademark
d. IPO
ANSWER:
b
POINTS:
1
REFERENCES:
p. 264
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
104. A/an ____ is a registered and protected brand.
a. Parent corporation
b. Symbol
c. Trademark
d. IPO
ANSWER:
c
POINTS:
1
REFERENCES:
p. 266
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
105. Which of the following is not an element of a brand?
a. Name
b. Explanation
c. Symbol
d. Design
ANSWER:
b
POINTS:
1
REFERENCES:
p. 266
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Knowledge
Scenario 10-1. Franky's Lumber Yard works with primarily small construction companies building family homes. Franky
has a serious cash flow problem. She has many customers with account balances over 90 days past due. Furthermore, the
economy has been growing rapidly and interest rates have just been raised. New home construction is likely to
dramatically decrease. This will make it even more difficult for her customers to pay their bills. Owing in large part to the
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expense of her inventory and her uncollected accounts receivable, it is highly likely Franky is insolvent.
106. In Scenario 10-1 above, all but which of the following will release Franky from some or all of her debts?
a. Chapter 7
b. Chapter 11
c. Chapter 13
d. Chapter 22
ANSWER:
d
POINTS:
1
REFERENCES:
p. 257
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
107. In Scenario 10-1 above, if Franky files for a Chapter 7 bankruptcy, then ____ will occur.
a. Voluntary reorganization
b. Involuntary reorganization
c. Liquidation
d. Repayment over a three to five year period
ANSWER:
c
POINTS:
1
REFERENCES:
p. 257
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
108. In Scenario 10-1 above, what number of bankruptcy filings occur under Chapter 7?
a. Two out of four
b. Three out of four
c. Two out of three
d. Four out of eight
ANSWER:
b
POINTS:
1
REFERENCES:
p. 257
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
109. In Scenario 10-1 above, which bankruptcy filing would keep creditors from foreclosing on debts during the
reorganization period while including a repayment schedule for current creditors with a plan for operating more profitably
in the future?
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a. Chapter 7
b. Chapter 11
c. Chapter 13
d. Chapter 22
ANSWER:
POINTS:
REFERENCES:
LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
b
1
p. 258
Cognero C8846154217E4FF5A8972792 - 10.2
United States - AACSB: Reflective Thinking
United States - OH - DISC: Legal Responsibilities
Bloom's Comprehension
110. In Scenario 10-1 above, which bankruptcy filing would allow Franky to pay back creditors over a three to five year
period?
a. Chapter 7
b. Chapter 11
c. Chapter 13
d. Chapter 22
ANSWER:
c
POINTS:
1
REFERENCES:
p. 258
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
Scenario 10-2. Kimberly is the mother of three small children, ages four, three, and one. After hours of picking up small
toys, she has come up with a wonderful idea. Her new machine would be somewhat like a vacuum cleaner in that it would
pick up toys. However, it would have a very large opening so that all toys would fit, within reason. This new machine
would then sort the toys according to size and weight into a compartment attached to the machine. Kimberly sees this as a
way to reduce hours of time for mothers and day care centers.
111. In Scenario 10-2 above, in order to protect this new idea from her competition, Kimberly should apply for a
a. Patent
b. Trademark
c. Brand name
d. Copyright
ANSWER:
a
POINTS:
1
REFERENCES:
p. 261
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
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112. In Scenario 10-2 above, for what time period would a patent protect Kimberly's invention?
a. 5 years
b. 10 years
c. 17 years
d. 25 years
ANSWER:
c
POINTS:
1
REFERENCES:
p. 261
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
113. In Scenario 10-2, which of the following types of patents should Kimberly choose?
a. Utility patent
b. Design patent
c. Plant patent
d. Form patent
ANSWER:
a
POINTS:
1
REFERENCES:
p. 261
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
114. In Scenario 10-2 above, Kimberly's invention would pass all but which of the following patent tests?
a. Is it useful?
b. Is it novel?
c. Is it a machine, process, manufacture, chemical composition, or a combination?
d. Is it producing new or unexpected results?
ANSWER:
d
POINTS:
1
REFERENCES:
p. 261
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Reflective Thinking
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
115. In Scenario 10-2 above, Kimberly registers the name for her invention, Kimberly's Kid PickerUpper. The name now
falls into which of the following categories?
a. Brand
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b. Trademark
c. Copyright
d. Family brand
ANSWER:
POINTS:
REFERENCES:
LEARNING OBJECTIVES:
NATIONAL STANDARDS:
STATE STANDARDS:
KEYWORDS:
b
1
p. 266
Cognero 2C34DD7CDB13495C8413FF82 - 10.4
United States - AACSB: Reflective Thinking
United States - OH - DISC: Legal Responsibilities
Bloom's Comprehension
116. Discuss three laws that affect small businesses.
ANSWER:
∙
Equal Pay Act of 1963
∙
Family and Medical Leave Act of 1993
∙
Civil Rights Act of 1991
∙
Americans with Disabilities Act of 1990
∙
Civil Rights Act of 1964
∙
Immigration Reform and Control Act of 1986
∙
Occupational Safety and Health Act of 1970
POINTS:
1
REFERENCES:
p. 249 - 256
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
117. Discuss the areas that are covered by OSHA workplace standards.
ANSWER:
∙
Exposure to hazardous chemicals
∙
First aid and medical treatment
∙
Noise levels
∙
Protective gear
∙
Fire protection
∙
Worker training, workplace temperatures, and ventilation
POINTS:
1
REFERENCES:
p. 255
LEARNING OBJECTIVES: Cognero 086F3E8651924A279D4BED85 - 10.1
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
118. Discuss the three primary types of bankruptcy that affect small businesses.
ANSWER:
Chapter 7
∙
The business is liquidated
Chapter 11
∙
Can be filed voluntarily or involuntarily
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∙
Reorganization plan is filed that includes a repayment schedule
Chapter 13
∙
Repayment plan over the next three to five years
POINTS:
1
REFERENCES:
p. 257
LEARNING OBJECTIVES: Cognero C8846154217E4FF5A8972792 - 10.2
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
119. Discuss two of the four elements of a binding contract.
ANSWER:
∙
Legality
∙
Consideration
∙
Agreement
∙
Capacity
POINTS:
1
REFERENCES:
p. 259
LEARNING OBJECTIVES: Cognero E2AF9E9C4D664887BF7FBC09 - 10.3
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
120. Compare and contrast the three types of patents.
ANSWER:
∙
Utility patent
∙
Design patent
∙
Plant patent
POINTS:
1
REFERENCES:
p. 261
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
121. Compare and contrast patents, copyrights, and trademarks.
ANSWER:
Patents
∙
Grants exclusive rights to make, use, and sell an invention for a period of 17 years
∙
Utility patents⎯ new use or function
∙
Design patents⎯ unique or new form or shape
∙
Plant patent⎯ covers living plants
Copyrights
∙
The protection of literary, musical, or artistic works
∙
Lasts for the life of the author plus 50 years
Trademarks
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∙
A legally protected name, term, symbol, design, or combination of these elements
∙
Lasts as long as it is in use
POINTS:
1
REFERENCES:
p. 261 - 266
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
122. Discuss two aspects of global protection of intellectual property.
ANSWER:
∙
It is a difficult process.
∙
U.S. patents, copyrights, and trademarks do not apply in most foreign countries.
∙
Need separate protection in each country
∙
Check filing regulations before the country is entered
If filing does not occur before entering the market, the small business person may lose
∙
the right to do so.
POINTS:
1
REFERENCES:
p. 266
LEARNING OBJECTIVES: Cognero 2C34DD7CDB13495C8413FF82 - 10.4
NATIONAL STANDARDS: United States - AACSB: Analytic
STATE STANDARDS:
United States - OH - DISC: Legal Responsibilities
KEYWORDS:
Bloom's Comprehension
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