Business Law (Chapters 34 & 35)

Question 1 2 / 2 pts If the attorney is..

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.

True

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 _____.

transfer of account problems.

churning.

unauthorized trading.

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.

True

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:

physician.

nurse.

pharmacist.

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.

True

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):

executive.

designer.

architect.

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:

chiropodists.

discologists.

discographers.

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.

True

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.

True

False

IncorrectQuestion 10

0 / 2 pts
A _________ can be liable for failing to inform a patient of the risks involved in a particular surgery.

pharmacist

physician

chemist

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:

trade union law.

domestic law.

foreign law.

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.

True

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.

True

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:

World Trade Organization.

General Agreement on Tariffs and Trade.

International Monetary Fund.

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:

trademarks.

embargoes.

patents.

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:

trade unions.

nongovernmental organizations.

transnational institutions.

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.

True

False

Question 18

2 / 2 pts
A _______________ is a valuable tool used by a business to identify its products.

sign

copyright

trademark

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:

domestication.

boycott.

localization.

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.

World Bank

International Monetary Fund

World Intellectual Property Organization

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.

Question 20

2 / 2 pts
A _______________ is a valuable tool used by a business to identify its products.

sign

patent

copyright

trademark

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