Legal Compliance and Beyond MCQs
Legal Compliance and Beyond MCQs
Our team has conducted extensive research to compile a set of Legal Compliance and Beyond MCQs. We encourage you to test your Legal Compliance and Beyond knowledge by answering these 50+ multiple-choice questions provided below.
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1: The Anthropocene is the current geological period, in which human activity is the dominant force of change on the Earth’s _____ ?
A. Climate
B. Environment
C. Surroundings
D. All of the above
2: The defense in tort cases that the plaintiff was aware of and voluntarily assumed the risks associated with a product or service.
A. Aware of and voluntarily
B. Unaware and Optional
C. Ignorant and Compulsory
D. Compulsory and Voluntarily
3: Select the correct statements for At Will employment:
A. Employers may fire employees at their discretion.
B. Employers can not fire employees at their discretion.
C. Employees do not hold their jobs at the will of their employers.
D. None of theses
4: Cartel is a group of seemingly independent companies that collude to set prices or restrict output for the purpose of _____ profits.
A. Decreasing
B. Increasing
C. Decline
D. Lower
5: Civil disobedience are the activities in which individuals unintentionally fail to comply with laws they believe are unethical as a form of protest against those laws.
A. True
B. Flase
6: Civil disobedience are the activities in which individuals _____ fail to comply with laws they believe are unethical as a form of protest against those .
A. Unintentionally
B. Intentionally
C. Accidentally
D. Inadvertently
7: Legal cooperation between companies is known as Collusion.
A. True
B. False
8: Contributory negligence is an approach in tort law that apportions responsibility between the _____ when both are found to have been negligent.
A. Plaintiff and Defendant
B. Plaintiff and striker
C. Claimant and Defendant
D. None of the above
9: An approach to business in which corporations take a lead role in fulfilling the rights of a society’s citizens is called
A. Corporate citizenship
B. Corporate governance
C. Corporate social responsibility
D. None of the above
10: The structures and processes used to direct and control a corporation are called?
A. Corporate citizenship
B. Corporate governance
C. Corporate social responsibility
D. None of the above
11: An approach to business characterized by exceeding legal compliance in order to make stakeholders and society better off is known as?
A. Corporate citizenship
B. Corporate governance
C. Corporate social responsibility
D. None of the above
12: Fiduciary duty is a duty of trust.
A. True
B. False
13: The ability to reasonably _____ the negative consequences of an action is called Foreseeability of harm.
A. Anticipate
B. Predict
C. Foresee
D. All of the above
14: Select the incorrect statement about informed consent permissions?
A. He or she is aware of Consequences of service.
B. Accepts the foreseeable consequences of service.
C. Customer does not know about the consequences of the service.
D. None of the above.
15: Just cause is an exception to at-will employment, specifying that an employer must have a good reason for _____ an employee.
A. Firing
B. Hiring
C. Staffing
D. None of the above
16: In tort cases, the responsibility of an Accused to reimburse the plaintiff for harm caused to him or her is called Liability.
A. True
B. False
17: In tort cases, the responsibility of a _____ to reimburse the plaintiff for harm caused to him or her.
A. Defendant
B. Respondent
C. Accused
D. None of the above
18: Managerial capitalism is a form of capitalism in which _____ rather than shareholders, control the company’s decisions and direction.
A. Directors
B. Managers
C. Stakeholders
D. Both a and b
19: Managerial is a form of capitalism in which directors and managers control the company’s _____ .
A. Directions
B. Decisions
C. Guidance
D. All of the above
20: Mergers and acquisitions are types of transactions in which the ownership of businesses is Split up.
A. True
B. False
21: Moral minimum is a set of minimum ethical standards that a person does not have to follow in all circumstances.
A. True
B. False
22: Planetary boundaries is a theoretical framework that identifies the earth systems processes that make human life possible.
A. True
B. False
23: Stakeholders with which the company has regular commercial interactions are known as?
A. Primary stakeholders
B. Secondary stakeholders
C. Both a and b
D. None of the above
24: Principal-agent problem is the problem that a director or a manager of a corporation fulfills his or her fiduciary duty to work on behalf of the shareholders.
A. True
B. False
25: The fiduciary relationship between the board of _____ that oversee the company to act as agents of shareholders.
A. Directors
B. Managers
C. Both a and b
D. None of the above
26: The legal doctrine that a contract may impose _____ only on the parties to the contract and not on third parties is called privacy of contract.
A. Benefits
B. Harms
C. Both a and b
D. None of the above
27: In a tort case, an event that is deemed to have caused an injury is called proximate cause.
A. True
B. False
28: The person who has the _____ on a company’s net cash flow after the deduction of all other persons’ claims is called a residual claimant.
A. Last claim
B. First Claim
C. Central claim
D. No claim
29: The right of consumers to voice their concerns about products and services and to have those concerns resolved in a fair and timely manner is called?
A. Right to be heard
B. Right to be informed
C. Right to choose
D. Right to privacy
30: The right of consumers to complete and truthful information about products and services, including their foreseeable consequences is called?
A. Right to be heard
B. Right to be informed
C. Right to choose
D. Right to privacy
31: The right to transact in a competitive rather than an anticompetitive marketplace is known as?
A. Right to be heard
B. Right to be informed
C. Right to choose
D. Right to privacy
32: The right to have one’s personal information protected from public view.
A. Right to be heard
B. Right to be informed
C. Right to safe products and services
D. Right to privacy
33: The consumer right to products that present no foreseeable harm to health and life is called?
A. Right to be heard
B. Right to be informed
C. Right to safe products and services
D. Right to privacy
34: Secondary stakeholders are the stakeholders that interact with the company more frequently than primary stakeholders, and often on a commercial basis.
A. True
B. False
35: Secondary stakeholders are the stakeholders that interact with the company _____ than primary stakeholders.
A. Less Frequently
B. More Frequently
C. Both a and b
D. None of the above
36: Shareholder is a form of capitalism in which Directors and managers control the company’s decisions and direction.
A. True
B. False
37: A person who owns the company is known as a shareholder.
A. True
B. Flase
38: A person who owns shares in the company is known as?
A. Shareholder
B. Stakeholder
C. Owner
D. Both a and b
39: What are the rights of a company's shareholders?
A. Elect the board of directors
B. Receive dividends
C. Sue the company and its officers
D. All of the above
40: An individual or organization that influences and is influenced by the company is known as?
A. Shareholder
B. Stakeholder
C. Owner
D. CEO
41: Strict liability is the legal doctrine that a person or organization can not be found legally liable for the consequences of their actions when they are not at fault.
A. True
B. Flase
42: Sustainable business is an approach to business in which companies seek to have a positive impact on the _____ ?
A. Economy
B. Society
C. Natural environment
D. All of the above
43: The area of law that imposes legal liability on those who cause harm to others and provides relief to those who are harmed is called?
A. Tort law
B. Criminal law
C. Civil law
D. All of the above
44: Stakeholders with which the company has regular commercial interactions, such as customers, employees, suppliers, and capital providers (e.g., banks, shareholders) are known as ______ stakeholders.
A. Primary
B. Secondary
C. Tertiary
D. Redundant
45: All of the following are examples of secondary stakeholders, except ______.
A. Suppliers
B. Governments
C. The media
D. Community representatives
46: A company’s ______ are one of its most influential stakeholder groups.
A. Suppliers
B. Owners/shareholders
C. Media providers
D. General public
47: Shareholders are the ______, or people of importance.
A. Agents
B. Principals
C. Venture capitalists
D. Secondary stakeholders
48: ______ occurs when directors and managers rather than shareholders control the company’s decisions and direction.
A. Agent precedence
B. Directorial primacy
C. Management utopia
D. Managerial capitalism
49: The 2002 Sarbanes-Oxley Corporate Fraud Accountability Act requires a company’s ______ to certify the accuracy of the company’s financial statements and other financial filings.
A. Chief Executive Officer and Chief Financial Officer
B. Shareholders Committee and Lead Principal
C. Chief Ethics Officer
D. Chief Operations Officer and Chief Executive Officer
50: ______ refers to working together to negotiate terms of employment with employers.
A. Union-management empowering
B. Cross-compromising
C. Collective bargaining
D. Dialectical inquiring
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Legal Compliance and Beyond MCQs
