Jan
05
Business Law (Chapters 34 & 35)
Question 1
2 / 2 pts
If the attorney is in a specialized practice, such as real estate, family law, or immigration law, it is the performance of other attorneys engaged in similar practice by which he or she will be judged.
60420
True
87289
False
Question 2
2 / 2 pts
A lawsuit against the financial planner’s deliberate obstruction of the client’s desire to transfer one or more accounts to another professional is brought for _____.
8439
transfer of account problems.
34393
churning.
75195
unauthorized trading.
87676
fraud or misrepresentation.
Question 3
2 / 2 pts
The malpractice of a physician does not cause injury or loss to third parties, except in cases where the physician’s negligence results in the patient’s death or permanent disability.
60287
True
62736
False
Question 4
2 / 2 pts
A person who dispenses drugs other than those specifically prescribed by authorized professionals such as physicians also can be charged with malpractice if the incorrectly dispensed drugs cause injury to the legal user. Such a person is known as a:
22324
physician.
96514
nurse.
99660
pharmacist.
16719
psychiatrist.
Question 5
2 / 2 pts
An attorney is liable to a client if he or she fails to exercise due care in handling a client’s affairs.
64428
True
33907
False
Question 6
2 / 2 pts
A professional who designs devices or installations of a complex nature, such as bridges and power-generating stations is called a(n):
66965
executive.
16103
designer.
61586
architect.
35910
engineer.
Question 7
2 / 2 pts
The ones who are subject to lawsuits for negligence if their work results in injury to parties with whom they have contracted, or to third parties, are:
72160
chiropodists.
8870
discologists.
58202
discographers.
26556
architects.
Question 8
2 / 2 pts
Directors and officers of corporations have been successfully sued for breach of their duty of loyalty and duty of care, resulting from negligence, error, or omission.
29998
True
94899
False
Question 9
2 / 2 pts
Malpractice on the part of insurance agents and brokers generally relates to either their failure to recommend the purchase of the right kind of insurance to protect against a specific type of loss or their failure to recommend appropriate amounts of coverage.
84938
True
69284
False
IncorrectQuestion 10
0 / 2 pts
A _________ can be liable for failing to inform a patient of the risks involved in a particular surgery.
88388
pharmacist
91704
physician
72683
chemist
19682
nurse
Question 11
2 / 2 pts
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:
30641
trade union law.
76135
domestic law.
55354
foreign law.
78424
international law.
Question 12
2 / 2 pts
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.
47754
True
10014
False
Question 13
2 / 2 pts
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.
97246
True
95566
False
Question 14
2 / 2 pts
The organization created in 1944 to provide relief to countries suffering from the ravages of World War II was the:
16223
World Trade Organization.
25093
General Agreement on Tariffs and Trade.
81695
International Monetary Fund.
75487
World Bank.
Question 15
2 / 2 pts
The work of authors or creators of literary, artistic, or musical works and computer programs are protected by:
52578
trademarks.
27069
embargoes.
18306
patents.
31106
copyrights.
Question 16
2 / 2 pts
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:
99749
trade unions.
64783
nongovernmental organizations.
18430
transnational institutions.
87470
international organizations.
Question 17
2 / 2 pts
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.
45340
True
19268
False
Question 18
2 / 2 pts
A _______________ is a valuable tool used by a business to identify its products.
27337
sign
34672
copyright
33041
trademark
43206
patent
Question 19
2 / 2 pts
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:
29702
domestication.
341
boycott.
64704
localization.
38299
confiscation.
Question 20
2 / 2 pts
The ____________ is a specialized agency of the United Nations and an international organization that administers numerous treaties concerning protection of intellectual property rights.
57567
World Bank
46146
International Monetary Fund
63629
World Intellectual Property Organization
51754
World Trade Organization
Question 1
2 / 2 pts
Both architects and engineers are subject to lawsuits for negligence if their work results in injury to parties with whom they have contracted or to third parties.
True
False
Question 2
2 / 2 pts
If an attorney fails to properly investigate matters related to a client’s case, such as seeking clear title to property in real estate matters or interviewing witnesses in criminal matters, _____ can be established.
churning.
unethical behavior.
malpractice.
negligence.
IncorrectQuestion 3
0 / 2 pts
All of the following EXCEPT a _____ who learns from a patient that he or she intends to do harm to another has the legal responsibility to inform the possible victim and the appropriate authorities.
nurse
physician
discologist
psychiatrist
Question 4
2 / 2 pts
The distinction that developed between malpractice and other forms of negligence in part stems from the fact that the performance of certain professionals is known as a “practice” and the people served are referred to as “patients” or “clients” rather than customers.
True
False
Question 5
2 / 2 pts
Typically, architects and engineers are not licensed by states and do not need to pass various examinations.
True
False
Question 6
2 / 2 pts
If the attorney is in a specialized practice, such as real estate, family law, or immigration law, it is the performance of other attorneys engaged in similar practice by which he or she will be judged.
True
False
Question 7
2 / 2 pts
A professional who designs devices or installations of a complex nature, such as bridges and power-generating stations is called a(n):
designer.
architect.
executive.
engineer.
IncorrectQuestion 8
0 / 2 pts
A _________ can be liable for failing to inform a patient of the risks involved in a particular surgery.
pharmacist
nurse
physician
chemist
Question 9
2 / 2 pts
An attorney is liable to a client if he or she fails to exercise due care in handling a client’s affairs.
True
False
Question 10
2 / 2 pts
Directors and officers of corporations have been successfully sued for breach of their duty of loyalty and duty of care, resulting from negligence, error, or omission.
True
False
Question 11
2 / 2 pts
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
False
Question 12
2 / 2 pts
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:
boycott.
domestication.
confiscation.
localization.
Question 13
2 / 2 pts
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:
an embargo.
capitalization.
expropriation.
domestication.
Question 14
2 / 2 pts
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.
True
False
Question 15
2 / 2 pts
Countries that enact laws prohibiting trade with specific countries are said to be using trade sanctions, sometimes referred to as:
embargoes.
tariffs.
churnings.
boycott.
Question 16
2 / 2 pts
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:
domestic law.
international law.
foreign law.
trade union law.
Question 17
2 / 2 pts
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
False
Question 18
2 / 2 pts
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
False
Question 19
2 / 2 pts
Intellectual property includes:
patents and copyrights but not trademarks
trademarks and copyrights but not patents.
patents and trademarks but not copyrights
trademarks, copyrights and patents.