acct215 final1

acct215 final1 - 1. Most of our current federal environment...

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Unformatted text preview: 1. Most of our current federal environment protection laws were passed in the: a. Protecting the government from foreign invasion. b. Protecting the states from governing interference. c. Enforcement of particular legislation .Protecting Congress. a. Period from 1910 to 1950. b. 1950s c. 1960s d. 1970s a. Articulates a legal reason for its conduct . b. Shows that any apparent discrimination was unintended. c. Either a or b. d. None of the above. False 2. International Properties, Inc. (IPI), a U.S. firm, owns property in Hong Kong. When Hong Kong reverts to the sovereignty of China, the government takes IPIs property without paying for it. A U.S. court will probably not examine the validity of this act committed by China within its own territory, under False a. The act of state doctrine . b. The Convention on Contracts for the International Sale of Goods. c. The doctrine of sovereign immunity. d. The principle of comity. a. Tad. b. Larry. c. Helga . d. None of the above. e. Overtime: Yes f. g. Minimum Wage: Yes h. i. #Hrs in the Workday: Yes 3. T/F There is an ethical component to virtually every key decision a business firm makes. a. The Administrative Register of the Federal Government . b. The Code of Federal Regulations . c. The United States Code . d. None of the above. e. The act was one commonly performed by employees on behalf of their employers. f. g. Jill made statements indicating that she was acting on behalf of Kandy Shoppes. h. i. Kandy Shoppes authorized the act. a. Kandy Shoppes furnished the means or instrumentality by which the injury was inflicted. The act of state doctrine. The Convention on Contracts for the International Sale of Goods. The doctrine of sovereign immunity. The principle of comity. True You forgot to answer this question. True False You forgot to answer this question. 4. T/F In general, there must be a written agreement between a principal and an agent to create an agency relationship. False Compensation. Cooperation. Indemnification. Reimbursement. Bob only. Computer Associates only. Bob or Computer Associates. None of the above. Fault is irrelevant. The employee must prove that the employer is at fault. The employee must be seriously injured in order to recover. Both parties must attend a court proceeding in order to determine who is at fault. You forgot to answer this question. True False You forgot to answer this question. 5. T/F A principal is not ordinarily required to indemnify an agent for liabilities incurred because of authorized and lawful acts and transactions by the agent Covers only employees who do not participate in the employer-provided retirements or pension plans. Governs state unemployment compensation funds....
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This note was uploaded on 12/13/2010 for the course ACCT 215 taught by Professor Curtis during the Spring '08 term at Iowa State.

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acct215 final1 - 1. Most of our current federal environment...

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