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ETH 321 Week 4 Quiz 4
After reading and completing the activities for the week, complete the 8 question quiz. Submit your answers to each question on a Word document. Click the Assignment Files tab to submit your document.
Quiz – Week 4
- _____ is a court-created rule that limits when courts can review administrative decisions.
- The doctrine of estoppel
- the doctrine of exhaustion of remedies
- The doctrine of lapse
- the doctrine of primary jurisdiction
- The doctrine of precedent
- The _____ function involves both fact-finding and applying law to the facts.
- adjudicating
- advising
- rule making
- investigating
- determining
- Business often fails to regulate itself, and the lack of self-regulation is contrary to the public interest. To counterbalance, administrative agencies exist to:
- refer the problem or area to experts for solution and management.
- protect the public, especially from the business community.
- replace competition with regulation.
- develop detailed rules and regulations to carry out the legislative policy.
- provide services, having been arisen out of necessity.
- Administering laws to prohibit distribution of adulterated, misbranded, or unsafe food and drugs is a function of _____.
- FCC
- FTC
- FRB
- FDA
- FAA
- In 1914, Congress, recognizing that the Sherman Act needed to be more specific, enacted the _____ as an amendment to the Sherman Act.
- Clayton Act
- Fair Credit Billing Act
- Securities Act
- Truth in Lending Act
- Robinson-Patman Act
- An agreement to allocate geographical areas among competitors is called a _______ territorial agreement.
- bilateral
- vertical
- horizontal
- competitive
- congeneric
- The _____ regulates transfers of securities after the initial sale.
- Securities Exchange Act of 1933
- Sherman Antitrust Act of 1890
- Sarbanes-Oxley Act of 2002
- Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
- Securities Exchange Act of 1934
- An insider is any person who owns more than _____ percent of any security.
- 5
- 10
- 15
- 20
- 50