26 2 pts A corporation may fall under regulations of Group of answer choices Federal and State Corporation Affairs Wall Street Stock brokers Commission its Board of Directors and Chief Executive Officer Securities and Exchange Commission and Blue Sky laws Flag question: Question 27 Question 27 2 pts Dan, a Wall Street Journal reporter has a deal with a stockbroker, BJ Barnes that he will first give any information he comes across regarding stocks that could affect a stock price to BJ before publishing that information. That way, they both can profit from the change in the stock price that happens after the Wall Street Journal publishes the information. Dan will be liable Group of answer choices under Federal Rule 10b-5 for insider trading, if Dan comes across some stock information and passes the information on to BJ, but the Wall Street Journal never publishes the information because New York Times runs the information in its paper. Dan and BJ still receive large gains due to knowing about the information before the rest of New York. under Federal Rule 20b-5 for insider trading, if Dan comes across some stock information, but publishes the information in Wall Street Journal before he passes the information on to BJ. under Federal Rule 20b-5 for insider trading, if Dan comes across some stock information and passes the information on to BJ, and then the Wall Street Journal publishes the information making it possible for Dan and BJ to receive large gains. under the Federal Trade Commission Act because trading with inside information is illegal. Flag question: Question 28 Question 28 2 pts Antitrust laws promote Group of answer choices Aggressive fair competition among sellers mergers that provide economies of scale allowing lower prices for consumers higher prices and higher quality products lawsuits against large corporations Flag question: Question 29 Question 29 2 pts Hometown restaurant and Mable's home cooking agree to both charge the same amounts for dinner plates. This agreement Group of answer choices is fair because both are small businesses and there are only the two in agreement. is price-fixing, but does not violate Antitrust laws unless it runs other local restaurants out of business. is commonplace in the restaurant industry. is price-fixing and in violation of Antitrust laws even if it does not run other local restaurants out of business. Flag question: Question 30 Question 30 2 pts Which violates antitrust regulations? Group of answer choices Three companies agree not to actively recruit each other's employees so that salaries remain lower. My Toys Company enters into an agreement with Sally Low priced Toys, an online sales site to set prices the same or lower than My Toys competitors. Sleepy Hollows reduces its prices below the nearby Hilton Inns to gain some business. a and b Flag question: Question 31 Question 31 2 pts What does Risk pooling do? Group of answer choices allows insurance companies to invest premiums and make money to cover payments made out to the insured for losses. allows insurance companies to invest premiums and make money to cover payments made out to the insured for losses. a, b, and d spreads the risk of loss among a large number of people Flag question: Question 32 Question 32 2 pts Ginger owns a tavern, which serves expensive food and alcoholic beverages. She employees many people. What kinds of insurance should Ginger hold? Group of answer choices Dram Shop liability insurance, Food spoilage insurance, and Employee liability insurance Dram Shop liability insurance, Food spoilage insurance, and Errors & Omissions Coverage Dram Shop liability insurance, Key Man Insurance, and Utility interruption insurance Dram Shop liability insurance, Food replacement insurance, and Hurricane, Earthquake, & Fire protection Flag question: Question 33 Question 33 2 pts Property ownership does not provide rights to: Group of answer choices use the property. benefit from the property. give the property to another. have taxes lowered because the property value has declined in the marketplace. Flag question: Question 34 Question 34 2 pts What are different types of property that you may have to manage as a manager or business owner in the Hospitality Industry? Group of answer choices Real Property, Touchable Property, Personal Property, Intangible Property Tangible Personalty, Real Property, Personal Property, Intangible Personalty Real Property, Personal Property, Touchable Personalty, Intouchable Personalty Land, hotels, suitcases, food Flag question: Question 35 Question 35 2 pts If Junebug is selling her Mushroom Hotel, what items are considered part or the Real Property? Group of answer choices The land, the Mushroom Hotel, the commercial stove that is secured to the inside framing of the Mushroom Hotel, and the large trees around the front of the hotel. The land, the Mushroom Hotel, the commercial stove that is secured to the inside framing of the Mushroom Hotel, and Junebug's boat that she uses to take guest out on the lake. The land, the Mushroom Hotel, and all of the items in the hotel None of the above is a correct choice. Flag question: Question 36 Question 36 2 pts A document that conveys legal title to real property is called a Group of answer choices Recording Title Document Contract Deed Land Ownership Document Flag question: Question 37 Question 37 2 pts What is the best type of a real property title document that provides an owner the most assurances available? Group of answer choices Recording Title Document Contract Quitclaim Deed Warranty Deed Flag question: Question 38 Question 38 2 pts Keith is renting a section in a Marriot hotel and conducting business in it as a restaurant. His rent contract states that his lease runs from May 5, 2013 to May 5, 2015. The landlord, Marriot does not want to renew Keith's lease. Keith is very busy and does not get around to discontinuing the restaurant business by May 5, 2015. Keith's employees are still working and serving customers. Which are the following statement is true? Group of answer choices If Marriot does not provide with an eviction notice, Keith can stay there as long as he wants. Marriott can lock the restaurant doors and keep all of Keith's assets that are in the restaurant because it is on Marriott's property. Marriot must go to Court and have a Judge give an order for the Sheriff to give to Keith so he leaves. If Marriot does not provide with an eviction notice, Keith's tenancy changes to a reasonable periodic tenancy. Flag question: Question 39 Question 39 2 pts A lease agreement should not Group of answer choices be written and express the parties' intent to establish a landlord-tenant relationship. provide for transfer of possession of the property to tenant at the beginning of the lease and provide for the reversion of possession of the property to the landlord at the end of the lease's term. describe the property; contain any special agreements, (pets allowed, etc..) and clearly indicate the length of the lease term, the amount of rent due, and how and when rent is to be paid. describe the property, clearly indicate the length of the lease term, provide the tenant with reversion of possession of the property, and describe how and when rent is to be paid and contain any special agreements, (pets allowed, etc..). Flag question: Question 40 Question 40 2 pts Landlord Duties do not include: Group of answer choices Evicting a tenant for complaining to the appropriate authorities. Maintaining the property and making all necessary repairs. Ensuring that the leased property meets local building, safety, fire, and health codes Ensuring that no one claims superior title and disturbs the tenant's possession and use of the property during the lease term. Flag question: Question 41 Question 41 2 pts Tenant Duties include Group of answer choices Duty to pay rent, Duty to provide a Security deposit, Duty to make alterations. Duty to not create a minor nuisance that could interfere with others' quiet enjoyment of their own property rights, Duty to pay rent, Duty to provide a Security deposit. Duty to pay rent, Duty to provide a Security deposit, Duty to not create a nuisance that substantially interferes with others' quiet enjoyment of their own property rights. Duty to vacate the property if rightfully and legally evicted, Duty to pay rent at the end of the month, and Duty to provide a Security deposit. Flag question: Question 42 Question 42 2 pts Fred is renting an apartment. His lease is from July 01, 2015 to June 30, 2016. Fred has to go away to England during September, November, and December of 2015. He wants to let someone stay in his apartment while he is away. Fred should consider Group of answer choices an Assignment a Sublease a lease a month-to-month tenancy Flag question: Question 43 Question 43 2 pts Lisa has a business license to operate a bed and breakfast out of her home. Jessie stays at Lisa's bed and breakfast and swears he got bedbug bites. The City swoops in and tells Lisa that her business license has been pulled due to Jessie's allegations. This is Group of answer choices not allowed because Lisa must be given time to respond to a notice of an impending revocation. allowed because it is in the best interests of consumers and bedbugs can quickly become an epidemic. not allowed because bedbugs are not really a problem. not allowed unless Jessie goes to court and proves he was bitten by bedbugs at Lisa's bed and breakfast. Flag question: Question 44 Question 44 2 pts Paula found a wallet on the floor of the hotel. There was no identification or credit cards in it. But there was five twenty dollar bills in it, along with a picture of a young girl. She gave the wallet to the front desk clerk along with her name and number in case no one claimed the wallet. The hotel placed it in its lost and found area. A month went by and no one came forward. Who has rights to the wallet and its contents based on Common law? Group of answer choices The hotel until the owner shows up, no matter how long of a time period passes. Paula because she found the wallet and 30 days is a reasonable time to allow someone to show up to claim it. Paula, but only if the State has a Statute that says mislaid property not claimed in 30 days can be given to the finder. none of the above choices are correct. Flag question: Question 45 Question 45 2 pts Happy Night hotel's employee Wilma accidently throws out a large bag of soap bars. Zee comes by the dumpster and grabs up the bag of soap. Wilma realizes her mistake and runs out to the dumpster. Zee has placed the bag in his car and his pulling away. He hears Wilma scream and he stops. Which of the following is true under Common Law? Group of answer choices Wilma has thrown away the property so, it now belongs to whoever retrieves it from the dumpster. Zee has no rights to the property and must return it, or pay for its value Because the property has very little value, Zee is allowed to keep the soap if he desires. Zee must return the property because Wilma accidently threw it in the dumpster. Flag question: Question 46 Question 46 2 pts Ms. Queeny was attending a convention at Jubilee Hotel. She had stayed there many times in the past and often left items in the hotel safe. Since she was going across town to shop, she decided to leave her diamond necklace with the hotel safe attendant. Which of the following is true under Common Law? Group of answer choices If the hotel is robbed and the necklace stolen, the hotel will not responsible for reimbursing Ms. Queeny the value of the necklace because she is not a guest. The hotel will not responsible for reimbursing Ms. Queeny the value of the necklace no matter what happens because she is not a guest. None of the other choices are valid. If the hotel is robbed and the necklace stolen, the hotel may be responsible for reimbursing Ms. Queeny the value of the necklace even though she is not a guest. Flag question: Question 47 Question 47 2 pts Cindy leaves her coat in her hotel room and checks out. Two hours later she returns to the hotel to retrieve her coat. The hotel cannot find the coat. Which of the following is true? Group of answer choices Since Cindy has checked out, she is no longer a guest and the hotel owes no duty to her. Since Cindy's coat was stolen by another guest the hotel is not responsible for it. The hotel will have to reimburse Cindy for the coat, if Cindy can prove the coat existed and she accidently left it there. All hotels have a miscellaneous fund to cover such issues. Flag question: Question 48 Question 48 2 pts Mat borrows his father's car. He takes Cristina to a lovely restaurant. Mat hands his keys to the restaurant's valet, Steve. Who is the Bailee? Group of answer choices The restaurant. Mat's father. only Steve. The restaurant will not be responsible for any thing that happens. Mat and Cristina. Flag question: Question 49 Question 49 2 pts What is not a pro of Protecting Intellectual Property rights: Group of answer choices Stimulation of the creation of inventions Encourages authors to participate in the public service Increases transaction costs of doing business in the marketplace because of royalties Provides the creator rights to the products/fruits of his/her labor