ETH/321T Week 5 Apply Assignment (30 Multiple Choice Questions)
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- Which of the following places the events in the correct order?
- Rule adoption; Concept release; Rule proposal; Public comment period; Amendment of rule proposal
- Amendment of rule proposal; Rule adoption; Concept release; Rule proposal; Public comment period
- Public comment period; Concept release; Rule proposal; Amendment of rule proposal; Rule adoption
- Concept release; Rule proposal; Public comment period; Amendment of rule proposal; Rule adoption
- Gillcore is about to go public and begin selling securities. As a new public company, what steps must Gillcore take in order to stay in line with the requirements of the Securities Act?
- The company’s obligations depend on what type of company it is and what type of securities it is offering.
- As a new public company it does not need to take any special action.
- This company must file a registration statement and prospectus with the SEC.
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- Wendy wants to start a business. She knows many unaccredited investors who she knows will help her jumpstart her business. What constraints on investments for new businesses apply here?
- Investors may invest a combined $50 million within a 12-month period.
- Investors may invest no more than $1 million combined for the first year of the business.
- Investors’ allowable investment depends on the accredited or non-accredited status.
- Bekah is an adviser for the company Vicoltech, which deals heavily in investments. Bekah also advises several other clients in her state, but no clients outside of her state. Before the Dodd-Frank Act was passed, Bekah was exempt from registration and reporting requirements with the SEC. When the Dodd-Frank Act was passed:
- Bekah was still exempt from the SEC’s reporting requirements.
- Bekah was required to begin reporting information to the SEC.
- Bekah was required to register with the SEC, but not required to report information to the SEC.
- Indeterminable with current information
- Bernie just started a business and is trying to raise capital. He has both accredited and non-accredited investors investing in the company. What constraints on investments for new businesses apply here?
- Investors’ allowable investment depends on the accredited or non-accredited status.
- Investors may invest no more than $1 million combined for the first year of the business.
- Investors may invest a combined $50 million within a 12-month period.
- Chloe has her own office where she generates investment advice for companies. She is compensated for her advice. Which of the following is false?
- Chloe does not have to be a registered adviser if all of her clients are in the same state as her office.
- Chloe does have to be a registered adviser even if she only publishes informational analyses and reports concerning specific investments.
- Chloe does not have to be a registered adviser if she doesn’t have authority to make investment choices for her clients.
- Chloe does have to be a registered adviser even if she only advises for one company.
- Jewelcorp just began trading securities. The company is a closely-held corporation with several dozen shareholders and $10 million in assets. Which of the following is true concerning the company’s requirement to report to the SEC?
- Not required to report information to the SEC.
- Must file annual and quarterly financial reports
- Required to report major business developments and must file annual and quarterly financial reports.
- Requirement to file depends on the company’s assets and shareholder base.
- Horace is trying to start a business. He knows several accredited investors who he knows will help him jumpstart his business. What constraints on investments for new businesses apply here?
- Investors’ allowable investment depends on the accredited or non-accredited status.
- Investors may invest a combined $50 million within a 12-month period.
- Investors may invest no more than $1 million combined for the first year of the business.
- Yittercorp regularly trades in securities on a national exchange. The company is a widely-held corporation with 600 shareholders and $15 million in assets. Which of the following is true concerning the company’s requirement to report to the SEC?
- Required to report major business developments and must file annual and quarterly financial reports.
- Requirement to file depends on the company’s assets and shareholder base.
- Must file annual and quarterly financial reports
- Not required to report information to the SEC.
- Identify the trade-restraining practice that this example demonstrates.
The CEOs of two pharmaceutical companies are having lunch. They discuss the unfair costs of ordering from a manufacturer that supplies to both companies. The CEOs decide that they will no longer work with the unfair pricing of the manufacturer.
- Price fixing
- Division of markets
- Illegal boycott
- Controlling output
- No illegal practice
- Gilcorp wants to increase its profitability. It tries to gain new customers by offering a cash bonus to customers who switch to its service from another company. Which of the following is true of this action?
- This is legal as long as no agreements are made with a competitor.
- This is legal.
- This may be illegal under the rule of reason.
- This is illegal per se.
- Funtech is a toy manufacturer. It wants to form a merger with one of the toy stores that buys its toys. This would be a __________ merger.
- Horizontal
- Conglomerate
- Market extension
- Vertical
- Determine which type of merger has occurred for this scenario.
GrillerTech manufactures propane grills for cooking. It wants to form a merger with Tinseltech, a party favor manufacturing company. This would be a __________ merger.
- Market extension
- Vertical
- Horizontal
- Conglomerate
- Blinkorp is selling toys to retailers across the nation. Depending on the season, the company may make its toys with either higher-cost domestic plastics or lower-cost foreign plastics. The retailers who purchase from Blinkorp complain about the different prices caused by the differently-priced materials. Which of the following is true?
- Blinkorp is justified in charging different prices because of the differing production costs.
- Blinkorp is engaging in price discrimination against the retailers and must equalize its prices.
- Blinkorp is justified in charging different prices because the toy industry is so flexible and fluid.
- Blinkorp is justified in charging different prices because it needs to meet the price of competition nationwide.
- For the scenario below, determine the legality of the company’s actions.
Guncorp is selling rifles to a retailer Sportsacorp. In order for Sportsacorp to purchase a shipment of rifles, Guncorp requires that Sportsacorp also purchase a shipment of pistols.
- Illegal, depending on impact
- Impossible to determine legality
- Most likely legal
- Strictly illegal
- Identify the trade-restraining practice that this example demonstrates.
Company A and Company B discuss average industry prices.
- Price fixing
- Illegal boycott
- No illegal practice
- Controlling output
- Division of markets
- For the scenario below, determine the legality of the company’s actions.
Lilcorp manufactures budget speaker systems for Bigcorp. It arranges an agreement wherein Bigcorp may not charge more than $300 for a speaker system.
- Most likely legal
- Impossible to determine legality
- Strictly illegal
- Illegal, depending on impact
- Millcorp sells wetsuits for deep sea divers. It recently engineered a new material for its wetsuits to better hold in the wearer’s body heat. After a close encounter with a shark, a customer discovers that the new material protects against shark bites. Soon after, Millcorp’s sales explode and it achieves 90% market share in diver wetsuits. Which of the following best describes this situation?
- Millcorp has a lawful natural monopoly
- Millcorp does not have a monopoly.
- Millcorp has a lawful innocent acquisition of a monopoly.
- Millcorp can likely be found guilty of pursuing monopoly power.
- For the scenario below, determine the legality of the company’s actions.
Ioncorp sells cabinets nationwide to the furniture company Blinkorp. It makes an agreement that Blinkorp will only sell Ioncorp cabinets in its warehouses.
- Most likely legal
- Strictly illegal
- Impossible to determine legality
- Illegal, depending on impact
- Identify the trade-restraining practice that this example demonstrates.
Company A and Company B both work in the candy industry. They agree that Company A will only sell chocolate to Company C and Company B will only sell fruit candies to Company C.
- Division of markets
- No illegal practice
- Illegal boycott
- Controlling output
- Price fixing
- Decide the legality of the company’s decision or action in the following situation:
Vericorp wants to increase its profitability. It rearranges its distribution services so that it can serve customers in certain areas better, while leaving other areas where competitors are stronger unattended. The company makes no agreement with a competitor in doing so. Which of the following is true of this action?
- This is legal.
- This may be illegal under the rule of reason.
- This is legal as long as no agreements are made with a competitor.
- This is illegal per se.
- Millitech is a sports equipment manufacturer. It wants to form a merger with an athletic wear company. This would be a __________ merger.
- Horizontal
- Vertical
- Market extension
- Conglomerate
- A government agency which administers rules concerning clean housing projects wants to specify and explain the language it uses to communicate with the public and enforce its statutes. Which of the following is true?
- The agency must have a public hearing where it explains the statutory language it uses.
- The agency must hold a public comment period for the public to weigh in on the impact and details of the statute.
- The agency does not need to invite public opinion on the information it will post.
- Luanicorp wants to increase its profitability. It agrees with another company, Wescorp, to divide the market so that all customers north of a state line must come to one company for services, and all customers south of the state line must go to the other. The companies will then be free the deal with their customers as they wish. Which of the following is true of this situation?
- This is illegal per se.
- This is legal as long as no agreements are made with a competitor.
- This is legal.
- This may be illegal under the rule of reason.
Determine the legality of the transaction.
- lineCorp wants to conduct business with Company B in another country. While visiting Company B, the management team of Company A offers some of the foreign employees some free products from their company.
- Legal bribe
- Illegal bribe
- Legal or illegal, depending on the purpose
- Nation A is new at developing monetary policy and lacks the expertise to develop a high-performing financial system. It would look to _______ for assistance.
- The International Monetary Fund
- The World Bank
- The Bank for International Settlement
- Nation A has a political dispute with Nation B. The nations are at odds, but they agree to let a mediator hear the dispute. Which group would hear and decide on the nations’ dispute?
- The International Court of Justice
- The Secretariat
- The Security Council
- The General Assembly
- Nation A has a contract with Nation B which it breaks. The International Court of Justice is asked to offer a decision resolving the matter. Which of the following is false?
- ICJ cannot deviate from similar decisions it has made on contract breaches before.
- The ICJ will not hear the case if a party is not a UN member state.
- The ICJ can bind Nations A and B to an agreement even if there is no legal precedent for the situation.
- The ICJ will examine the custom of law used heretofore to help determine the right decision.
- The citizens of France, Belgium, and Finland are upset by a recent trade law enacted in the European Union which they feel negatively impacts their respective economies. In order to resolve their concerns, they would turn to:
- The European Council
- The European Commission
- The European Parliament
- Nation A has expansive manufacturing capabilities, and, therefore, its economy focuses on selling goods to other countries. Country B buys goods from Country A but can’t pay for the goods until it makes money from its own exports. It would look to _______ for assistance.
- The World Bank
- The Bank for International Settlement
- The International Monetary Fund
Course: ETH/321T Ethical and Legal Topics in Business
School: University of Phoenix
- : 25/11/2019
- : 90
