1.)Which of the following is the correct definition for geographic allocations agreements?

Conspiring to force the purchase of an associated product in addition to the intended purchase.

Conspiring to purchase goods or services from only one provider.

Conspiring to require a certain minimum price for goods.

Conspiring to limit the distribution of a product to a particular area

2.)Which of the following is illegal under the Sherman Anti-Trust Act?

Making a contract with a supplier which sets a price ceiling for goods purchased.

Making a contract with a customer to purchase goods only from a specific provider.

Making a contract with a competitor to not sell in a particular state

Making a contract with a competitor for the sale of property

3.)Which of the following is the correct definition of price fixing?

Conspiring with another party to provide goods to specific, separate areas.

Conspiring to manipulate the price of goods and services.

Conspiring to refuse dealings with another business.

Conspiring to fix prices by limiting the number of products sold.

4.)Which of the following is the correct definition for exclusive dealing agreements?

Conspiring to purchase goods or services from only one provider.

Conspiring to limit the distribution of a product to a particular area

Conspiring to force the purchase of an associated product in addition to the intended purchase.

Conspiring to require a certain minimum price for goods.

5.)Which of the following is the correct definition for tying arrangements?

Conspiring to limit the distribution of a product to a particular area.

Conspiring to require a certain minimum price for goods.

Conspiring to force the purchase of an associated product in addition to the intended purchase.

Conspiring to purchase goods or services from only one provider.

6.)Which ability or function of a company most strongly suggests it may hold monopoly power?

Ability to conduct trade overseas

Dealing in more than one product

Dealing with the federal government

Ability to exclude new entrants into a market

7.)Congress makes a new law concerning the use of personal flight vehicles in public airspace. Which of the following would most likely happen?

Congress creates the law along with a federal agency to administer it.

Congress creates the law and expects citizens to adjust to the law as necessary.

Congress itself monitors the law and adds details to it as necessary.

Congress passes the law and leaves enforcement of the law to the President

8.)What is the correct order of events for the creation of a substantive rule?

Issue of final rule-making; Review of research, reports, and opinion; Hearing to challenge the rule; Public comment period; Publication of proposed rule in Federal Register

Publication of proposed rule in Federal Register; Public comment period; Review of research, reports, and opinion; Issue of final rule-making; Hearing to challenge the rule

Public comment period; Publication of proposed rule in Federal Register; Review of research, reports, and opinion; Issue of final rule-making; Hearing to challenge the rule

Review of research, reports, and opinion; Publication of proposed rule in Federal Register; Issue of final rule-making; Public comment period; Hearing to challenge the rule

9.)Andrew is an executive at Livertech, a widely-held corporation that sells securities. He learns that the CEO of the company has contracted a serious disease that will likely end his life in a few weeks. Andrew calls his friends and tells them to sell their stock in the company before its value drops. Which of the following is true?

Only Andrew can have both civil and criminal liability for losses of parties who are harmed by insider-informed trades.

Only Andrew's friends can be held civilly or criminally liable for losses of parties who are harmed by the insider-informed trades.

Both Andrew and his friends can have civil and criminal liability for losses of parties who are harmed by insider-informed trades.

Neither Andrew nor his friends can be held liable for losses to parties harmed by insider-informed trades.

10.)Mark is an accountant for his firm TradeuTech. One of the executives in the company occasionally visits Mark to banter about the firm's current investments and ask about potential good investments for the company. Which of the following is most likely true?

Mark is not an adviser who must be registered unless he has clients within his same state only.

Mark is an adviser who must be registered with the SEC or state agency.

Mark is only an adviser if he gets paid for his advice.

Mark's advice is incidental to his job, and he is not required to be registered as an adviser.

11.)Mary, Mack, and Martha are the investors in the start of the same business. Mary's net worth is $750,000 and she wants to invest $500,000. Mack's net worth is $2,000,000 and he wants to invest $1,500,000. Martha's net worth is $900,000 and she wants to invest $700,000. Which of the following is true?

The three investors may invest all they intend in the business.

The three investors may invest no more than $1 million total in the company.

Mack may invest his intended amount, but Mary and Martha may only invest $1 million total.

Martha and Mary may invest their intended amounts, but Mack may only invest $1 million

12.)Which of the following is the correct definition of rule proposal?

A formal document offering a solution to an issue.

A document explaining an issue, including problems, solutions, and suggestions.

Ratification of a proposed rule.

13.)Why did the Dodd-Frank Act amend the Investment Advisers Act?

b. To monitor the impact investment firms have on the securities market.

d. Both A and B

To eliminate the risk of groups using advisers with very few clients

To eliminate insider trading

14.)Which of the following is exempt from the disclosure requirements of the Securities Act?

State-issued securities

Commercial paper expiring in one year

Securities from international companies

Securities from financial institutions

15.)When purchasing foreign goods, A U.S. business is regulated by all but which of the following?

Foreign nations' trade law

International trade agreements

Federal trade law

International treaties

16.)Nation A makes a decision that Country B disagrees with concerning capital punishments for citizens who commit serious crimes in the country. Which of the following is true?

More than one response is correct.

Nation B cannot meddle with Nation A's decision under the Act of State Doctrine

The Act of State Doctrine does not apply to this situation, and Country B may contest the decision.

Nation B cannot meddle with Nation A's decision under the doctrine of Comity of Nations.

17.)Amador's company is considering a change in its distribution structure. Before deciding on the change, Amador has a research team examine how it will affect shareholders, employees, suppliers, community members, and other groups. This suggests Amador's company is observing:

A corporate citizenship moral standard

A stakeholder theory moral standard

A moral minimum standard

A profit-maximizing moral standard

18.)A classroom is trying to decide on a set of rules for the school year. The class votes and agrees on the following rules:

I)Students who steal from other students will be punished without exception.

II)Any student who punches another student may be punched back by the victim.

III)Any student is allowed to freely borrow any item from another student but must give it back.

IV)Students who say nice words to other students earn points toward earning a prize.

Which ethical philosophies are represented in these rules?

Kantian ethics and Social Justice Theory

Virtue ethics only

Virtue ethics and Kantian ethics

Virtue ethics, Kantian ethics, and social justice theory

19.)Kristy's office wants everyone to sign and agree to follow some new office rules. The rules are as follows:

I)Employees who can't afford lunch may take someone else's lunch from the employee fridge.

II)Employees who walk to work may use the elevator, while those who come in cars must use the stairs.

III)Employees who have a company car must pick up someone who doesn't have a company car on the way to work.

IV)Whenever employees vote on where to go to lunch, the minority voters may veto the voting decision.

Which ethical philosophies are represented in these rules?

Social justice theory and utilitarianism

Utilitarianism and Kantian ethics

Social justice theory, utilitarianism, and Kantian ethics

Social justice theory only

20.)Which of the following is the primary responsibility of the International Monetary Fund?

Balance trade surpluses or deficits.

Provide loans to developing nations.

Provide banking services to central banks.

21.)Which of the following is the primary responsibility of the European Council?

Represent each nation's interests.

Represent each nation's people.

Represent Europe's interests.

22.)Which of the following is the primary responsibility of the World Bank?

Provide loans to developing nations.

Balance trade surpluses or deficits.

Provide banking services to central banks.

23.)Nation A and Nation B want to form an agreement for enforcing safety standards in a worker exchange program between the two nations. No such agreement has been utilized before. Which of the following is false?

The nations may enact an agreement without reference to any international dispute resolution body.

The nations may look to the ICJ for advice before creating an agreement.

The nations may not look to the ICJ for advice because no agreement has yet been made.

The nations may not look to the WTO for advice because this is not a trade-related issue.

24.)Which of the following is the primary responsibility of European Parliament?

Represent each nation's interests.

Represent Europe's interests.

Represent each nation's people.

25.)Which of the following is not an authority of the UN Security Council?

Authorization of military action

Issuance of binding resolutions on member states

Performance of administrative duties

Ability to veto nominations for secretary general