Question 11 (1 point)

Saved

For companies transacting business across the globe, the identification of common values may be very daunting because culture may have strong influences on the ethical attitudes of business managers.

Question 11 options:

	True
	False

Question 12 (1 point)

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The states retain the exclusive power to regulate intrastate commerce.

Question 12 options:

	True
	False

Question 13 (1 point)

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The Fourth Amendment to the United States Constitution prohibits the federal government from depriving any person "of life, liberty, or property, without due process of law."

Question 13 options:

	True
	False

Question 14 (1 point)

Saved

Felonies are lesser crimes, such as traffic offenses or disorderly conduct, that are punishable by fines or confinement in a city or county jail.

Question 14 options:

	True
	False

Question 15 (1 point)

Saved

Crimes are usually classed as felonies or misdemeanors, depending on the seriousness of the offense.

Question 15 options:

	True
	False

Question 16 (1 point)

Saved

Under the Foreign Corrupt Practices Act, it is legal for any American firm to offer gifts of anything of value to foreign officials.

Question 16 options:

	True
	False

Question 17 (1 point)

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A sole proprietorship is a business operated by a person as his own personal property.

Question 17 options:

	True
	False

Question 18 (1 point)

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In a general partnership, each partner is an owner and has a right to share in the profits of the business.

Question 18 options:

	True
	False

Question 19 (1 point)

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A corporation cannot acquire, hold, or convey property in its own name.

Question 19 options:

	True
	False

Question 20 (1 point)

Saved

By forming a limited liability partnership (LLP), the personal assets of partners not involved in wrongdoing by other members of the firm will be sheltered from malpractice claims against the firm.

Question 20 options:

	True
	False

Question 21 (1 point)

Saved

Under the Sarbanes-Oxley Act of 2002, CEOs and CFOs must reimburse the company for any bonuses or other incentive compensation if any financial reporting is misleading due to misconduct, even if the misconduct was not attributable to the CEO or CFO.

Question 21 options:

	True
	False