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Test Bank For The Legal Environment Today Summarized Case Edition Business in its Ethical, Regulatory E-Commerce, And Global Setting 8th Edition by Roger LeRoy Miller
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Legal Environment Today, Summarized Case Edition: Business in its Ethical, Regulatory, E-Commerce, and Global Setting, 8th Edition by Roger LeRoy Miller features a remarkable set of test banks that students can utilize to reinforce their understanding of law and case studies related to the business world. This test bank is designed in a way that promotes the most recent practice in business law, covering all areas where legal principles are implemented within the interfaces of business, including but not limited to ethical practices, international businesses, e-commerce, and the effects of laws and policies in business ventures.
Key Benefits of This Test Bank
All-Inclusive With Legal Provisions And Regulations Of Business
This test bank has MCQs, case studies, case essays, and practice tests that focus on the major ideas of every chapter. Some materials will include issues like business law, international commerce law, e-commerce law, and regulatory law. This vast coverage is particularly useful for students sitting for business law examinations or those who wish to gain in-depth knowledge of the legal framework within which business operates in contemporary society.
Emphasis on Real-World Application
One of the strongest elements of this test bank is the emphasis on practical application. Several questions are designed to force students to use legal concepts in a business context. This method allows learners to develop skills relevant to practice, such as assessing the application of corporate governance law to a particular case or appreciating the elements of employment law within the international business context.
Learning Improvement by Case Summary
The test bank has several basic case summaries that allow students to cover complicated legal cases without getting bogged down in overwhelming detail. With the case summaries, students can concentrate on the main points, pertinent to any particular litigation strategy, to help prepare or explain the most critical factors in a suit’s recommended legal strategy and its expected success. These case summaries make studying less tedious and easier to understand specializing in difficult subjects such as the law of contracts and protection of non-patentable rights.
How This Test Bank Guarantees Success
By working with this test bank students would be able to enhance their ability to provide context to legal issues within a business. It’s designed to increase knowledge in relevant aspects of contemporary business practices including:
Ethical and corporative social obligations
Transnational business legal problems
Law about digital and e-business which is of growing importance
Legal requirements in different sectors like health care and tech
Why Choose This Test Bank?
In addition to being exam reaexam-readyts will not be disappointed as this test bank helps in gaining the practical aspects of business law. Through regular thplication of this test bank, learners will be more suited to the practical side of law hence this test bank will be very helpful to medical students, law learners and eve,n s,tudents in relevant fields.
Summary
It summarises the test bank’s legal environment today, and legal case studies give a superficial and oversimplified introduction to the study of business law. Case studies that involve ethical issues and practical knowledge have been incorporated into teaching accordingly which is tailored to the legal practice of the present business world. Thus, whether you are about to write your diploma or other exams, or you simply want to increase the level of your professionalism, this resource will aid in achieving that.
Test Bank For The Legal Environment Today Summarized Case Edition Business in its Ethical, Regulatory E-Commerce, And Global Setting 8th Edition by Roger LeRoy Miller
1. Heinz Kirche, GmbH, is a German Gesellschaft mit beschranker, or “company with limited liability.” A significant difference between a GmbH and a U.S. limited liability company (LLC) is that
a. German law imposes many restrictions on the operations of GmbHs.
b. German law imposes no restrictions on the operations of GmbHs.
c. U.S. law requires an LLC to have an operating agreement.
d. U.S. law requires that an LLC be owned by shareholders.
ANSWER: a
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: Limited Liability Companies
LEARNING OBJECTIVES: LO-5
NATIONAL STANDARDS: United States – AACSB Reflective
LOCAL STANDARDS: United States – OH – Default City – AICPA Legal
2. Forms of business organizations that limit the liability of their owners are available to businesspersons around the world. Among the features that such firms have in common, in most nations
a. articles of organization must be filed to form the enterprise.
b. one of the owners must be a foreign entity.
c. the organization can have an unlimited number of owners.
d. the owners are not required to choose persons to manage the business.
ANSWER: a
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: Limited Liability Companies
LEARNING OBJECTIVES: LO-5
NATIONAL STANDARDS: United States – AACSB Analytic – AACSB: Group Dynamics
LOCAL STANDARDS: United States – OH – Default City – AICPA Legal
3. Taco-Taco Pizza, Inc., offers entrepreneurs the opportunity to operate a franchise under the Taco-Taco Pizza trade name as a member of a select group of dealers. To possible investors, Taco-Taco Pizza makes claims about the earnings potential of a franchise. For those claims, the franchisor must have
a. a hypothetical basis.
b. a reasonable basis.
c. an actual basis.
d. no basis.
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: Franchises
LEARNING OBJECTIVES: LO-5
NATIONAL STANDARDS: United States – AICPA: BB-LegalUnited States – BUSPROG: Reflective
TOPICS: CHAPTER 14—INSIGHT INTO ETHICS: SHOULD FRANCHISORS HAVE TO GIVE PROSPECTIVE FRANCHISEES INFORMATION ABOUT POTENTIAL EARNINGS?
KEYWORDS: Bloom’s: Application
4. Korean Hot Dogs Inc. offers entrepreneurs the opportunity to operate a franchise under the Korean Hot Dogs trade name as a member of a select group of dealers that engage in retail fast food sales. To potential investors, the franchisor must provide
a. actual earnings figures.
b. hypothetical earnings figures.
c. projected earnings figures.
d. none of the choices.
ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: Franchises
LEARNING OBJECTIVES: LO-5
NATIONAL STANDARDS: United States – AICPA: BB-LegalUnited States – BUSPROG: Reflective
TOPICS: CHAPTER 14—INSIGHT INTO ETHICS: SHOULD FRANCHISORS HAVE TO GIVE PROSPECTIVE FRANCHISEES INFORMATION ABOUT POTENTIAL EARNINGS?
KEYWORDS: Bloom’s: Application
5. Pond Stock Inc. is a start-up fishery with prospects but no profits as of yet. Pond Stock may be most likely to obtain financing successfully by
a. applying to banks, which are generally willing to lend to start-ups.
b. approaching foreign governments, under which investment laws are less strict than in the United States.
c. attracting venture capital, of which there is more than enough available.
d. crowdfunding.
ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: Formation and Powers
LEARNING OBJECTIVES: LO-2 – LO – 2
NATIONAL STANDARDS: United States – AICPA: BB-LegalUnited States – BUSPROG: Reflective
TOPICS: CHAPTER 15—ONLINE DEVELOPMENTS: THE NEW ERA OF CROWDFUNDING
KEYWORDS: Bloom’s: Application
6. Screenworx Inc. is a start-up film production firm with prospects but no profits as of yet. Under the JOBS Act, Screenworx and other similarly situated companies can look for financing by advertising investment opportunities to
a. the public.
b. accredited investors only.
c. unaccredited investors only.
d. banks and venture capitalists but not through crowdfunding sites.
ANSWER: a
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: Formation and Powers
LEARNING OBJECTIVES: LO-2 – LO – 2
NATIONAL STANDARDS: United States – AICPA: BB-LegalUnited States – BUSPROG: Reflective
TOPICS: CHAPTER 15—ONLINE DEVELOPMENTS: THE NEW ERA OF CROWDFUNDING
KEYWORDS: Bloom’s: Application
7. Drew, an officer of Energy Resources Inc., uses special software to help identify employees who might commit embezzlement. One reason for Drew’s use of this software may be to avoid liability for
a. embezzlement.
b. negligence.
c. violation of the business judgment rule.
d. violation of the duty of loyalty.
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: Directors and Officers
LEARNING OBJECTIVES: LO-3 – explain reasons and ways organizations may pursue diversity and inclusion even in the absence of legislation.
NATIONAL STANDARDS: United States – AICPA: BB-LegalUnited States – BUSPROG: Reflective
TOPICS: CHAPTER 15—INSIGHT INTO ETHICS: SOFTWARE TO HELP OFFICERS SPOT POTENTIAL EMBEZZLERS
KEYWORDS: Bloom’s: Application
8. Odell, an officer of Professional Sportsgear Corporation, uses special software to help identify employees who might commit embezzlement and other wrongful acts. The software performs this function by
a. scanning e-mail for certain words and phrases.
b. looking for anomalies in the firm’s financial records.
c. recording phone calls for a third party’s review.
d. archiving all electronic communication as potential evidence.
ANSWER: a
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: Directors and Officers
LEARNING OBJECTIVES: LO-3 – explain reasons and ways organizations may pursue diversity and inclusion even in the absence of legislation.
NATIONAL STANDARDS: United States – AICPA: BB-LegalUnited States – BUSPROG: Reflective
TOPICS: CHAPTER 15—INSIGHT INTO ETHICS: SOFTWARE TO HELP OFFICERS SPOT POTENTIAL EMBEZZLERS
KEYWORDS: Bloom’s: Application
9. Roshini is a shareholder of Satsui, Ltd., a Japanese firm. Roshini brings a derivative action against the company. If the action is unsuccessful, Satsui
a. can sue Roshini for damages.
b. must pay Roshini’s legal fees.
c. must apologize to Roshini.
d. must accept Roshini’s apology instead of costs, fees, or damages.
ANSWER: a
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: Shareholders
LEARNING OBJECTIVES: LO-5
NATIONAL STANDARDS: United States – AACSB Diversity
LOCAL STANDARDS: United States – OH – Default City – AICPA Critical Thinking
TOPICS: CHAPTER 15—BEYOND OUR BORDERS: DERIVATIVE ACTIONS IN OTHER NATIONS
KEYWORDS: Bloom’s: Application
10. Eduard is a shareholder of Deutsche Internationale, a German firm. In Germany
a. most claims against firms are alleged in shareholders’ derivative suits.
b. the law does not provide for derivative litigation.
c. derivative actions can only challenge directors’ actions that shareholders could not legally ratify.
d. if a derivative action is unsuccessful, a firm can sue the plaintiff.
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: Shareholders
LEARNING OBJECTIVES: LO-5
NATIONAL STANDARDS: United States – AACSB Diversity
LOCAL STANDARDS: United States – OH – Default City – AICPA Critical Thinking
TOPICS: CHAPTER 15—BEYOND OUR BORDERS: DERIVATIVE ACTIONS IN OTHER NATIONS
KEYWORDS: Bloom’s: Application
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