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Question 1 (5 points)
 
Which of the following federal laws covers employer wage payment practices for minimum wage and
overtime?
Question 1 options:
Rehabilitation Act
Fair Labor Standards Act
Lilly Ledbetter Fair Pay
Equal Pay Act
Paycheck Fairness Act
Question 2 (20 points)
 
Match each law to its description.
Question 2 options:
Equal Pay Act
 
Sarbanes-Oxley Act
 
Civil Rights Act of 1964
 
1. Woman paid same as man for same job
2. Race discrimination prohibited
Federal Trade Commission Act
3. Bans unfair competition
4. Protect shareholders from management fraud
 

Question 3 (5 points)
 
Joe files a lawsuit against Bob. Bob is served with a copy of the complaint. Bob puts the complaint in a
drawer and ignores it for six months. Which of the following is the most likely outcome?
Question 3 options:
Bob will receive an automatic 30-day extension
Joe's case is dismissed
 A bench arrest warrant is issued against Bob
A default judgment is entered against Bob
Question 4 (5 points)
 
Gary decides to open a marijuana store in Idaho. Although several states have passed laws that legalize
marijuana, Idaho is not one of them, After hearing that there is a petition going around the Idaho
legislature to try to get a law passed, Gary contracts with Jimmy to purchase marijuana plants. Jimmy
takes Gary's money but does not deliver the plants. Gary will likely win a breach of contract claim
against Jimmy.
Question 4 options:
True
False
Question 5 (20 points)
 
Match each of the following contract principles with its descriptive term:
Question 5 options:
mutuality
 
capacity
 
agreement
 
1. bargained for exchange
2. of legal age
consideration
3. concord of understanding and intent
4. both parties must agree
Answer

Question 6 (5 points)
 
Jimmy is 16 and enters a contract to purchase a car. The terms of the sale are “as is” and no returns.
Jimmy drives the car home and then decides he does not want to keep the car. He returns it to the
seller. Jimmy will be allowed to return the car.
Question 6 options:
True
False
Question 7 (20 points)
 
Match each theory to its best description
Question 7 options:
situational ethics
 
virtue ethics
 
deontology
 
maximizing social benefits while minimizing
1.
social costs
individual is benefited by being truthful and fair
utilitarianism 2.
to others
3. action must be principled and morally sound
4. moral guidelines should be flexible
Answer

 
Question 8 (5 points)
 
The Sarbanes-Oxley Act of 2002 (SOX) requires organizations to establish internal controls. What is
internal control and what are some of its objectives?
Question 8 options:
Internal control can be defined as the systematic procedures—including policies and procedures,
methodologies, checks and balances, and reviews—that an organization implements to help it
discourage employees from committing errors, fraud, and theft and to ensure that accounting
information is accurate and complete.

Internal control can be defined as the process that allows the courts to lift, or pierce, the corporate veil
if they determine that a company is the alter ego of its owners. This helps discourage employees from
committing errors, fraud, and theft and helps ensure that accounting information is accurate and
complete.

Internal control can be defined as the systematic procedures—including policies and procedures,
methodologies, checks and balances, and reviews—that an organization implements to help it
circumvent the legal doctrine of alter ego.

Internal control can be defined as the process of separating the personality of a corporation from
the personalities of its shareholders to help discourage employees from committing errors, fraud,
and theft and to ensure that accounting information is accurate and complete.

Question 9 (20 points)

 
Match each of the following remedies for breach of contract with the phrase that fits it best:
Question 9 options:
rescission
 
reformation
 
specific performance
 
both parties to contract relieved of contract
1.
obligations
order for breaching party to execute or
2.
injunction complete certain duties under the contract
3. contract revised to reflect true intent
court orders one or more of the parties to
4.
refrain from taking an action under the contract
ANSWER

 
Question 10 (5 points)
 
“Within the confines of law and ethics” is an important qualifier in which ethical framework
Question 10 options:
Shareholder Theory
Deontology
Utilitarianism
Kantian Ethics
Question 11 (5 points)
 
Hannah and Hugo have entered into a contract, but Hannah is unhappy and is suing Hugo for
breach of contract. She argues that the contract includes a mistake, and Hugo knew about the
mistake but failed to point it out before they signed the contract. What type of mistake is Hannah
claiming?
Question 11 options:
Fraudulent

Unilateral

Mutual

Voidable

Question 12 (5 points)
 
Agnes works for STARQUEST LTD in the IT department. Her supervisor is Morges. Agnes is very good at
her job and Morges fears threatened by her. Over a period of several months he routinely criticizes her
work and withholds information from her that she should have to do her job. Then he sends her emails
telling her she has missed deadlines and committed other errors. Agnes tries to defend herself but this
only angers Morges. The last straw for Agnes was Morges telling her she would be better off at home
“taking care of her husband.” Agnes complains to HR about Morges' conduct.
QUESTION: Morges' conduct likely qualifies as which of the following?
Question 12 options:
violation of Fair Labor Standards Act
violation of Equal Pay Act
None of the above; he has not violated any act
violation of Civil Rights Act of 1964 as amended
Question 13 (5 points)
 
Agnes works for STARQUEST LTD in the IT department. Her supervisor is Morges. Agnes is very good at
her job and Morges fears threatened by her. Over a period of several months he routinely criticizes her
work and withholds information from her that she should have to do her job. Then he sends her emails
telling her she has missed deadlines and committed other errors. Agnes tries to defend herself but this
only angers Morges. The last straw for Agnes was Morges telling her she would be better off at home
“taking care of her husband.” Agnes complains to HR about Morges' conduct.
QUESTION: STARQUEST LTD could be liable to Agnes for Morges' conduct under which of the following
doctrines?
Question 13 options:
parens patriae

fairness doctrine

res ipsa loquitur

respondeat superior

Question 14 (25 points)

 
QUESTION: This question is about corporate social responsibility (CSR). In a well
organized essay, provide the following.
1. Who are the stakeholders of a business?
2. Identify and briefly explain the three components of the triple bottom line framework
and why corporate stakeholders are a consideration in this theory. Describe an example
of a company that utilizes this framework.
3. Explain what is greenwashing.
4. Explain how you would determine if a company is engaged in greenwashing.
In answering this question specifically cite your Lesson's Required Reading sources
appropriate in text of your essay and in full citation reference at the end. (Reminder:
Use APA7 ed. format. Failure to cite sources will result in no credit for your answer!)

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