In order to protect wildlife that may be subject to

Assignment Help Business Law and Ethics

Reference no: EM13472091

1.In 1970, Congress established an administrative agency to enforce statutes enacted to protect the air and water of this country. What is the name of this agency?

National Ambient Air Quality Standards Agency
Air Quality Control Agency
Environmental Protection Agency
Army Corps of Engineers Agency

2If a corporate officer in the position of secretary intentionally takes over the powers provided to the treasurer in the corporate documents, what fiduciary duty does that corporate secretary breach?

Duty of loyalty
Duty of obedience
Duty of care
Duty of good faith and fair dealing

3If a corporate officer or director acts in a manner to make use of an advantage that he or she knows will only benefit himself or herself and deprives the corporation of that advantage, what breach of fiduciary duty has been committed?

Duty of loyalty by self-dealing
Duty of loyalty by usurping a corporate opportunity
Duty of care by violation of the business judgment rule
Duty of obedience by competing with the corporation

4Tuff-Steele Constructions, Inc. has not been adhering to appropriate worker safety rules. As a result, there have been an increased number of on-site accidents and several construction workers have sustained serious injuries. Which of the following powers will allow an administrative agency to bring agency proceedings against Tuff-Steele Constructions?

Rulemaking
Executive power
Judicial authority
Licensing

5Which of the following is likely to be a breach of a corporate officer's or director's duty of care?

Failing to predict the startup of a new competitor
Failing to react appropriately to a severe rise in the prime interest rate
Failing to anticipate a drop in the consumer demand of the company's product
Failing to predict a raw materials shortage resulting from a natural disaster

6Officers of a corporation typically can have which types of agency authority to bind the corporation?

Express, applied, and apparent
Express, transparent, and applied
Express, transparent, and implied
Express, implied, and apparent

7Which of the following powers do administrative agencies typically have?

Rulemaking, statute interpretation, and dispute adjudication
Statute interpretation, law enforcement, and mediation
Law enforcement, statute interpretation, and dispute resolution
Dispute adjudication, mediation, and rulemaking

8Unless otherwise stated in the articles of incorporation, a quorum to hold a meeting of the shareholders is generally defined as which of the following?

A committee of directors selected to vote on a corporation action
The number of shareholder votes necessary to pass an action
A majority of shareholders required to be present to vote on a corporate action
The number of registered shareholders eligible to vote at a given time

9According to the provisions set forth by the Sarbanes-Oxley Act, which federal government agency may issue an order prohibiting any person who has committed securities fraud from acting as an officer or a director of a public company?

United States International Trade Commission
Securities and Exchange Commission
Federal Communications Commission
Federal Reserve System

10In order to protect wildlife that may be subject to scarcity, which Executive Branch cabinet member designates which species of wildlife may be endangered or threatened?

Secretary of Homeland Security
Secretary of Health and Human Services
Secretary of the Interior
Secretary of Commerce

Reference no: EM13472091

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