1.What functions are provided by administrative agencies?

a.Rulemaking.

b.Adjudication.

c.Issuance of Interpretive Rules.

d.Final appeal.

e.All of the above.

f.a., b., and c.

2.What is true about a limited liability company ("LLC")?

a.It is formed under articles of organization.

b.It is formed under an operating agreement.

c.It can be managed by non-members

d.It can be managed only by members.

e.a. and c.

f.b. and c.

3.What is true about corporate debt?

a.Stock represents ownership in the corporation.

b.Stock represents debt of the corporation.

c.Stocks have a maturity date.

d.Stocks do not have a maturity date.

e.a. and d.

f.b. and c.

4.Which tort(s) may result in punitive damages being awarded?

a.Intentional torts.

b.Strict liability.

c.Gross Negligence.

d.All of the above.

e.a. and c.

5.The standard of proof used in criminal law is:

a.A preponderance of the evidence.

b.Beyond a reasonable doubt.

c.At least 51% guilty.

d.Majority of the evidence.