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ETH 321T Week 5 Practice Assignment
Complete the Week 5 Practice Assignment in MyEducator.
ETH 321
Week 5 Practice Assignment
- Congress makes a new law concerning the flight of personal flight vehicles in public airspace. Which of the following would most likely happen?
o Congress creates the law and expects citizens to adjust to the law as necessary.
o Congress itself monitors the law and adds details to it as necessary.
o Congress creates the law along with a federal agency to administer it.
o Congress passes the law and leaves enforcement of the law to the President
- Which of the following is the correct definition for division of markets?
o Conspiring to refuse dealings with another business
o Conspiring to fix prices by limiting the number of products sold.
o Conspiring to manipulate the price of goods and services.
o Conspiring with another party to provide goods to specific, separate areas.
- Which of the following is the correct definition for exclusive dealing agreements?
o Conspiring to require a certain minimum price for goods.
o Conspiring to purchase goods or services from only one provider.
o Conspiring to force the purchase of an associated product in addition to the intended purchase.
o Conspiring to limit the distribution of a product to a particular area
- Which of the following is the correct definition for price maintenance agreements?
o Conspiring to force the purchase of an associated product in addition to the intended purchase.
o Conspiring to limit the distribution of a product to a particular area.
o Conspiring to purchase goods or services from only one provider.
o Conspiring to require a certain minimum price for goods.
- Which of the following is the correct definition for tying arrangements?
o Conspiring to limit the distribution of a product to a particular area.
o Conspiring to force the purchase of an associated product in addition to the intended purchase.
o Conspiring to purchase goods or services from only one provider.
o Conspiring to require a certain minimum price for goods.
- Which of the following is the correct definition for geographic allocations agreements?
o Conspiring to force the purchase of an associated product in addition to the intended purchase.
o Conspiring to require a certain minimum price for goods.
o Conspiring to limit the distribution of a product to a particular area
o Conspiring to purchase goods or services from only one provider.
- Which of the following is the correct definition for controlling output?
o Conspiring to fix prices by limiting the number of products sold.
o Conspiring to refuse dealings with another business.
o Conspiring with another party to provide goods to specific, separate areas.
o Conspiring to manipulate the price of goods and services.
- Which of the following places each item in the correct order it appears in during the creation of a substantive rule?
o Publication of proposed rule in Federal Register; Public comment period; Review of research, reports, and opinion; Issue of final rule-making; Hearing to challenge the rule
o Public comment period; Publication of proposed rule in Federal Register; Review of research, reports, and opinion; Issue of final rule-making; Hearing to challenge the rule
o Review of research, reports, and opinion; Publication of proposed rule in Federal Register; Issue of final rule-making; Public comment period; Hearing to challenge the rule
o Issue of final rule-making; Review of research, reports, and opinion; Hearing to challenge the rule; Public comment period; Publication of proposed rule in Federal Register
- An electric company services an entire community of homes and businesses. When electricity rates start to go up, customers begin complaining that the company is leveraging its role as the sole supplier of electricity to charge more to its customers. Which of the following is true?
o The company is essentially free of blame because it would be unreasonable for more than one company to try supplying electricity in one community.
o The company is essentially free of blame because its monopoly was an innocent acquisition.
o The company is guilty of seeking a monopoly, and a court may seek legal sanctions.
o The company is guilty of seeking a monopoly and must recompense its customers.
- Which of the following is the correct definition for price fixing?
o Conspiring to refuse dealings with another business.
o Conspiring with another party to provide goods to specific, separate areas.
o Conspiring to manipulate the price of goods and services.
o Conspiring to fix prices by limiting the number of products sold.
- Which of the following is the correct definition for boycott?
o Conspiring with another party to provide goods to specific, separate areas.
o Conspiring to refuse dealings with another business.
o Conspiring to manipulate the price of goods and services.
o Conspiring to fix prices by limiting the number of products sold.
- Which of the following is the correct definition for concept release?
o A document explaining an issue, including problems, solutions, and suggestions.
o Ratification of a proposed rule.
o A formal document offering a solution to an issue.
- Janice works for an investment banking firm. Her company helps new companies begin the process of offering securities for sale. Janice herself also publishes analyses on the financial security of individual investments. Which of the following is true?
o Janice may not assist in new companies’ issuance of securities.
o Janice may not assist in new companies’ issuance of securities unless she stops performing financial analyses first.
o Janice may assist in new companies’ issuance of securities without restriction.
o Janice may assist in new companies’ issuance of securities as long as she makes notice of a conflict of interest.
- Which of the following is the correct definition of rule adoption?
o A document explaining an issue, including problems, solutions, and suggestions.
o Ratification of a proposed rule.
o A formal document offering a solution to an issue.
- Andrew is an executive at Livertech, a widely-held corporation that sells securities. He learns that the CEO of the company has contracted a serious disease that will likely end his life in a few weeks. Andrew calls his friends and tells them to sell their stock in the company before its value drops. Which of the following is true?
o Only Andrew’s friends can be held civilly or criminally liable for losses of parties who are harmed by the insider-informed trades.
o Both Andrew and his friends can have civil and criminal liability for losses of parties who are harmed by insider-informed trades.
o Neither Andrew nor his friends can be held liable for losses to parties harmed by insider-informed trades.
o Only Andrew can have both civil and criminal liability for losses of parties who are harmed by insider-informed trades.
- Mark is an accountant for his firm TradeuTech. One of the executives in the company occasionally visits Mark to banter about the firm’s current investments and ask about potential good investments for the company. Which of the following is most likely true?
o Mark’s advice is incidental to his job, and he is not required to be registered as an adviser.
o Mark is an adviser who must be registered with the SEC or state agency.
o Mark is only an adviser if he gets paid for his advice.
o Mark is not an adviser who must be registered unless he has clients within his same state only.
- Why did the Dodd-Frank Act amend the Investment Advisers Act?
o To eliminate the risk of groups using advisers with very few clients
o To monitor the impact investment firms have on the securities market.
o To eliminate insider trading
o Both A and B
- Which of the following is the primary responsibility of the Bank for the International Settlements?
o Provide banking services to central banks.
o Balance trade surpluses or deficits.
o Provide loans to developing nations.
- Which of the following is the primary responsibility of the European Commission?
o Represent Europe’s interests.
o Represent each nation’s interests.
o Represent each nation’s people.
- Company A is in the U.S. and Company B is in foreign country. While visiting the U.S. a foreign official visits Company A and lets it know that he can help the company make a useful business connection to Company B. Which of the following is true?
o The official has done nothing wrong, but will break anti-bribery provisions of the FCPA if he asks for a bribe.
o Company A can Brive the official since the official is in the U.S. and approached the company himself.
o The official has broken the anti-bribery provisions of the FCPA.
o Company A will break the anti-bribery provisions of the FCPA if it does business with Business B.
- Which of the following is the primary responsibility of the International Monetary Fund?
o Provide loans to developing nations.
o Balance trade surpluses or deficits.
o Provide banking services to central banks.
- Which of the following is the primary responsibility of the European Council?
o Represent each nation’s interests.
o Represent each nation’s people.
o Represent Europe’s interests.
- Which of the following is the primary responsibility of European Parliament?
o Represent each nation’s people.
o Represent each nation’s interests.
o Represent Europe’s interests.
- Which of the following is the primary responsibility of the World Bank?
o Provide loans to developing nations.
o Balance trade surpluses or deficits.
o Provide banking services to central banks.
- Nation A and Nation B want to form an agreement for enforcing safety standards in a worker exchange program between the two nations. No such agreement has been utilized before. Which of the following is false?
o The nations may enact an agreement without reference to any international dispute resolution body.
o The nations may look to the ICJ for advice before creating an agreement.
o The nations may not look to the ICJ for advice because no agreement has yet been made.
o The nations may not look to the WTO for advice because this is not a trade-related issue.