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BML Semester Exam 4
Test Description: BML Semester Exam set 4
Instructions: Answer all questions to get your test result.
1) Regulations aimed at protecting the environment
A
have no costs to business.
B
always cost businesses more than it benefits the environment.
C
are always effective.
D
cost businesses money, but that cost is deemed to be worth it.
2) A written grant of agency authority is called
A
implied authority
B
apparent authority
C
power of attorney
D
limited power of attorney
3) Which of these is NOT necessary for a legally enforceable contract?
A
Legal subject matter.
B
A written document with all the terms of the agreement.
C
Offer and acceptance of the same terms.
D
Consideration.
4) Which of these is NOT covered by the Statute of Frauds?
A
Contracts involving marriage (prenuptials)
B
Contracts for the sale of land
C
Contracts for items that do not exist.
D
Contracts that take longer than one year to perform.
5) A remedy for a breached contract in which the breaching party is required to do what it promised is called
A
rescission and restitution.
B
specific performance.
C
consequential damages.
D
mitigation.
6) Which of these would make a contract to build a house unenforceable?
A
The buyer is unable to pay.
B
All of the builder's employees quit.
C
A hurricane destroys the piece of land on which it was to be built.
D
The price of building supplies increases dramatically after the contract is made.
7) Sources of job satisfaction include
A
ineffective communication.
B
recognition from supervisors for a job well done.
C
poor working conditions.
D
assignments employees do not like.
8) This federal law prohibits job discrimination based on race, color, religion, gender and national origin.
A
Fair Hiring Act of 1983
B
Civil Rights Act of 1964
C
Age Discrimination Act of 1967
D
Americans with Disabilities Act of 1990
9) Which of the following emphasizes the importance of self-actualization and is often pictured as a pyramid?
A
Herzberg's Motivational Theory
B
Maslow's Hierarchy of Needs
C
Sigmund Freud's Dream Theory
D
B.F. Skinner's Operant Conditioning
10) The process of choosing which wants, among several options, will be satisfied.
A
None of these
B
Tradeoff
C
Economic decision-making
D
Opportunity Cost
*select an answer for all questions
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