1) Unreasonable risk of injury and death associated with consumer products can be achieved by governments' providing safety information to the public or developing __________ standards.

Multiple Choice

• voluntary and mandatory
• randomized
• arbitrary
• systematic

2) Directors and officers of corporations have been successfully sued for breach of their duty of __________ and duty of __________, resulting from negligence, error, or omissions.

Multiple Choice

• congeniality, care
• kindness, care
• loyalty, care
• loyalty, discretion

3) When a financial planner exceeds his or her authority as agreed to by contract between the financial planner and the client, it is known as:

Top of Form

Multiple Choice

• unauthorized trading.
• unsuitability.
• fraud.
• churning.

4) In modern times, customary practices and __________ are the major sources of international law which are recognized in the Statute of the International Court of Justice.

Multiple Choice

• morals
• treaties
• tariffs
• boycotts

5) A major legal principle involved in international law is the doctrine of __________, which holds that the courts of one country should refrain from deciding cases involving the acts of persons from another country.

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Multiple Choice

• comity
• borders
• res judicata
• estoppel

6) Policymakers struggle to balance the interests of __________ and the __________.

Top of Form

Multiple Choice

• business, environment
• business, stockholders
• environment, government
• environment, public

7) The two most commonly used advance directives are the charitable trust and the revocable trust for health care.Top of Form

True or False

8) A(n) __________ only takes effect when the individual becomes incapable of making health care decisions which, in some states, must be confirmed by at least two licensed medical officials.

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Multiple Choice

advance directive

indirect directive

prior directive

priority directive

9) Arrangements where employers allocate a(n) __________ amount of money for each of its employees, who then select the particular benefit or package of benefits that best suits their individual needs, is known as a(n) __________.

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Multiple Choice

• unspecified, family plan
• specific, cafeteria plan
• unlimited, COBRA
• specific, HMO