Mgmt 354, 4th test, Sample Exam

Mgmt 354, 4th test, Sample Exam - Name _ 1. MGMT 354 The...

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Name ____________________________ MGMT 354 1. The term apparent authority is used when there is: a. no interaction between the principal and third party b. actual authority c. only the appearance of authority and that appearance of authority was created by the agent d. only the appearance of authority and that appearance of authority was created by the principal e. none of these 2. John’s son was not his agent but contracted to purchase a computer in the name of John. When John learned of this, John sternly rebuked his son but continued to use the computer for several weeks. After losing interest in the computer, John offered to return it saying that the purchase was unauthorized. John: a. is not liable on the purchase b. expressly ratified the purchase c. is liable because all children have the apparent authority to contract for their parents d. ratified the purchase by John’s conduct e. none of the above 3. Under which circumstance will an employee Not be entitled to Workers’ Compensation benefits for on-the-job injuries? a. injury that is the result of an employee’s own negligence b. injury that is the result of an employee’s own gross negligence c. injury that is caused by a fellow employee d. injury that is a result of an employee’s intoxication e. none of these 4. Unemployment compensation benefits probably will be denied: a. when an employee’s stealing property results in termination b. to full-time students c. when an employee quits a job without cause d. all of these e. none of these 5. When a employee of a business, that employs 15 or more employees, alleges religious discrimination because of an employee observed religious practice: a. the employer must bypass seniority rules to accommodate the employee b. the employer must honor all bona fide religious practices c. the employer must make reasonable efforts to accommodate religious beliefs d. the employer must call in a substitute worker at any additional cost e. none of these 6. If someone vandalizes or steals my car, what insurance should I have to pay for fixing or replacing it? a. underinsured insurance b. uninsured insurance c. comprehensive insurance d. collision insurance e. liability insurance
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7. Which of the following will make it so a Chapter 13 bankruptcy can Not be filed? a. if the unsecured debt is $1,000,000 b. if the secured debt is $2,000,000 c. if there is no regular income d. if the party filing for bankruptcy is a corporation e. all of these 8. What would be the best kind of bankruptcy for a Purdue student to file if the student only had $5,000 worth of assets and $600,000 in liabilities from a judgment involving an accident, and it was not an accident while intoxicated? a.
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This note was uploaded on 03/03/2012 for the course MGMT 354 taught by Professor Staff during the Fall '08 term at Purdue University-West Lafayette.

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Mgmt 354, 4th test, Sample Exam - Name _ 1. MGMT 354 The...

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