Business Law - Test 1

1. What is the main focus of mediation?
    A. Solutions
    B. Testimony
    C. Expert witnesses
    D. Discoveries

2. All of the following are methods to enforce an arbitrator's decision except which of the following?
    A. Writs of Execution
    B. Garnishment
    C. Fines
    D. Liens

3. What is the doctrine governing the division of powers between the federal government and the states?
    A. Commerce Clause
    B. Superior Clause
    C. Supremacy Clause
    D. Necessary and Proper Clause

4. What clause of the constitution offers the most extensive protection for business?
    A. Supremacy Clause
    B. Due Process Clause
    C. Equal Protection Clause
    D. Freedom of Speech Clause

5. Consideration may include any of the following EXCEPT which one?
    A. A promise
    B. A gift
    C. Property
    D. Money

6. What source of law governs sales contracts?
    A. Common Law
    B. Federal Law
    C. Statutory Law
    D. The Uniform Commercial Code

7. Employers are required provide a work environment that is safe and healthy for their employees by which law?
    A. FLSA Act
    B. WCA Act
    C. OHSA Act
    D. FMLA Act

8. Administrative agencies are created by:
    A. The president (POTUS)
    B. The judicial branch
    C. The US Constitution
    D. Congressional Acts

9. Which of the following are exempt from antitrust laws?
    A. Small business
    B. Cooperatives
    C. Labor unions
    D. Agriculture groups

10. Which of the following is NOT a bureau of the Federal Trade Commission?
    A. Bureau of Unfair Trade Practices
    B. Bureau of Consumer Protection
    C. Bureau of Competition
    D. Bureau of Economics.

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