Question 1

A corporation where 100% of the stock is owned by three family members is called a

Question 1 options:

	private
	closely held
	public
	privately held
	publicly held

Question 2

Which group of workers are not protected from Age Discrimination in Employment?

Question 2 options:

	professionals
	restaurant workers
	state employees
	all of the choices are not protected

Question 3

When are your parents your agent?

Question 3 options:

	never, unless you contract with them
	when you are under age 21 in Oklahoma
	always
	when you are under age 18 in Oklahoma

Question 4

What type of employment discrimination leads to hiring quotas?

Question 4 options:

	disperate treatment
	detrimental reliance
	undue influence
	disperate impact
	qui pro quo

Question 5

Then an agent acts without authority, but the principal approves of the agent's action later, this is called agency by

Question 5 options:

	necessity
	consent
	contract
	ratification
	estoppel

Question 6

A franchise business must be organized as a partnership.

Question 6 options:

	True
	False

Question 7

What type of business has double taxation?

Question 7 options:

	sole proprietor
	partnership
	corporation
	all of the above have double taxation

Question 8

Oklahoma's Anti-Discrimination Act removes punitive damages in discrimination cases, but instead uses liquidated damages (2x lost wages).

Question 8 options:

	True
	False

Question 9

Who does an employee have to report to in order to gain Whistleblower protection

Question 9 options:

	someone outside the company
	someone with the authority to punish
	someone in the federal government
	both A and B
	none of the above

Question 10

COBRA rights to health care mean very little because:

Question 10 options:

	the ex-employee must pay for it
	the current employees must pay for it
	health care stops when you quit
	health care is already free
	it was declared illegal in 2005

Question 11

Piercing the veil is used to attach liability to owners of which form of business?

Question 11 options:

	sole proprietor
	partnership
	corporation
	all of the above

Question 12

After acquired evidence is an employer's defense to workplace discrimination.

Question 12 options:

	True
	False

Question 13

What two words describe the changes the employer must make for an employee's religion?

Question 13 options:

	unreasonable accommodation
	undue accommodation
	reasonable accommodation
	undue hardship
	reasonable hardship

Question 14

A corporation from Germany doing business in Oklahoma is a ______ corporation.

Question 14 options:

	foreign
	domestic
	alien
	illegal

Question 15

In America, corporations and LLCs are created by

Question 15 options:

	local / municipal law
	state law
	federal law
	common law

Question 16

A corporation which is listed on the New York Stock Exchange is a ______ corporation

Question 16 options:

	publicly held
	closely held
	public
	private
	privately held

Question 17

An FLLP stands for a ________ limited liability partnership.

Question 17 options:

	fixture
	family
	None of these choices
	franchise
	fostered

Question 18

Which one is NOT an exception to Employment at Will?

Question 18 options:

	contract
	wages
	public policy
	tort

Question 19

The minimum number of directors needed to transact business of the corporation is called the

Question 19 options:

	quota
	none of these choices
	quaranta
	quid pro quo
	quorum

Question 20

In a limited liability partnership, ___________ have limited liability.

Question 20 options:

	all partners
	only general partners
	only limited partners
	none of the partners

Question 21

Saved

An Oklahoma corporation doing business in Texas is a ______ corporation.

Question 21 options:

	foreign
	domestic
	illegal
	alien

Question 22

A corporation which is owned 100% by the government is called

Question 22 options:

	publicly held
	public
	privately held
	private
	closely held

Question 23

What word defines whether a worker is an employee or and independent contractor?

Question 23 options:

	control
	skills
	wages
	none of the choices
	taxes

Question 24

Which type of business had unlimited (perpetual) life?

Question 24 options:

	franchise
	sole proprietor
	limited partnership
	partnership
	corporation

Question 25

The agency equal dignity rule means that all agents must be treated fairly in the workplace.

Question 25 options:

	True
	False

Question 26

Oklahoma uses Employment at Will.

Question 26 options:

	True
	False

Question 27

A person who represents a corporation and physically resides in the state and who accepts service on behalf of the corporation is called a

Question 27 options:

	partner
	principal
	director
	registered agent
	stockholder

Question 28

In 2014, Oklahoma's Workers Compensation system switched from being an administrative system to being a adversarial system.

Question 28 options:

	True
	False

Question 29

Which one is NOT part of the definition of a partnership?

Question 29 options:

	two or more people
	co-owning a business
	in equal shares
	for profit

Question 30

What industry primarily uses FLLPs?

Question 30 options:

	law
	retail clothing
	medicine
	restaurants
	agriculture
	professional sports
	oil and gas

Question 31

What percentage of Oklahoma workers in private industry belong to a labor union?

Question 31 options:

	over 90%
	50-70%
	20-40%
	Zero
	less than 10%

Question 32

When the workplace environment becomes so intolerable that a reasonable person would quit is called

Question 32 options:

	disperate impact
	qui pro quo
	constructive discharge
	sine qua non

Question 33

What type of business has limited liability for ALL owners.

Question 33 options:

	sole proprietor
	limited liability partnership
	corporation
	franchise
	partnership

Question 34

What are the two words to describe a legitimate reason for not making employment changes for a disabled employee?

Question 34 options:

	undue accommodation
	undue hardship
	unreasonable accommodation
	reasonable accommodation
	reasonable hardship

Question 35

Quid pro quo translates as

Question 35 options:

	first and second
	you and me
	this for that
	supply and demand
	dollars and cents

Question 36

An employer owes the same duty of care to an employee as to a borrowed servant.

Question 36 options:

	True
	False

Question 37

Does Oklahoma use an entity theory or an aggregate theory for partnerships?

Question 37 options:

	aggregate
	both entity and aggregate
	entity
	neither entity nor aggregate

Question 38

An Ultra Vires action of a corporation means it is beyond the corporation's power (charter) to a certain action.

Question 38 options:

	True
	False

Question 39

Oklahoma's Anti-Discrimination Act removes the 15 employee minimum required under Title VII.

Question 39 options:

	True
	False

Question 40

The reason why Social Security will not work for future generations is:

Question 40 options:

	we live longer
	we retire sooner
	the rich do not subsidize the poor
	all of the above are reasons