1.There is no consensus on the definition of CSR, but it encompasses not only what companies do with their profits but also how they make them in virtually every respect of their operations.

a. True

b. False

2.Each partner has one vote in partnership management decisions regardless of the size of their proportionate interest in the partnership, and contrary provisions in a partnership agreement are unenforceable.

a. True

b. False

3.Which one of the following would not constitute a potential breach of a partner's duty of loyalty?

a. self-dealing

b. usurping partnership business opportunities

c. negligence in partnership business management

d. engaging in conflicts of interest with the partnership

4.As fiduciaries, corporate officers and directors cannot use their position of trust and confidence to further their own private interests, and they must refrain from actions that injure the corporation.

a. True

b. False

5.An LLC can be managed by one or more members, but it can also be managed by a nonmember with a management structure similar to a corporate entity.

a. True

b. False

6.Many state and federal employment laws are enforced by administrative actions and can include fines and individual criminal penalties for certain violations.

a. True

b False