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Business Law Part 6 Chapters 25-28 Flashcards | StudBud
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Business Law Part 6 Chapters 25-28
Business Law Part 6 Chapters 25-28
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1
The family of a worker who dies while fully insured or currently insured at the time of death has a right to:
Medicaid
Medicare
Federal supplemented security income payments
FICA
2
The family of a worker who dies while fully insured or currently insured at the time of death has a right to:
Medicare
Disability insurance benefit
Medicaid
Survivor's benefits
3
The creation of an agency may be executed through an informal contract.
False
True
4
A fellow servant is an employee who has the same status as another worker and works with that employee.
False
True
5
This act is designed to ensure safe and healthful working conditions:
The National Labor Relations Act & Labor Management Act
The Fair Labor Standards Act
The Labor-Management Reporting and Disclosure Act
The Williams-Steiger Occupational Safety and Health Act
6
An agent owes which of the following duties to his principal:
Reimbursement
Loyalty and good faith
Indemnification
Compensation
7
The termination of a corporation’s operation except for activities needed for liquidation is known as:
Destruction
Dissolution
Renunciation
Incapacitation
8
Agent with job of bringing two contracting parties together:
Factor del credere
Broker
Commission merchant
Attorney in fact
9
This act allows employees the right to take leave when family circumstances or illness require it:
Fair Labor Standards Act
Equal Pay Act
Family and Medical Leave Act
American with Disabiities Act
10
A principal may ratify an unauthorized contract and thus be bound on it.
True
False
11
A contract negotiated by an agent usually involves at least three parties.
True
False
12
The general principles of law pertaining to contracts govern the relation creating an agency.
False
True
13
A hostile work environment exists when harassing conduct alters the terms or conditions of employment.
False
True
14
A principal owes which of the following duties to the agent:
Accounting
Obedience
Loyalty and good faith
Compensation
15
A general agent may transact any business of a particular kind.
True
False
16
Private firms are entitled to conduct random drug tests on their employees.
True
False
17
An agent owes which of the following duties to his principal:
Indemnification
Loyalty and good faith
Reimbursement
Compensation
18
Which of the following tasks cannot be delegated to an agent:
Contracting to purchase business supplies
Publishing a report on a comapny
Signing a business merger
Voting in a public election