ETH/321T Exam 3: Ethical And Legal Topics in
Business| Questions with 100% Solutions/Verified
Answers| Already Passed
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. - ANSWER Legal
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. - ANSWER Vertical
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? - ANSWER The agency does not need to invite public
opinion on the information it will post.
Identify the trade-restraining practice that this example demonstrates. Two retailers
decide that they will both sell no more than 100 premium TVs per month in order to
maintain the quality image of the TVs. - ANSWER Controlling output
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? - ANSWER This is illegal per se.
Determine the legality of the transaction. Tichatech is trying to pierce the global marketplace.
When the CEO meets with a foreign prime minister, he offers him a vacation package to show
his goodwill toward the country. - ANSWER Illegal bribe
, 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. - ANSWER The Bank for
International Settlement
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. -
ANSWER The International Monetary Fund
Nation A has a political dispute with Nation B. The nations are at odds, but they agree to let a
mediator hear the dispute. Both are members of the UN. Which group would hear and decide
on the nations' dispute? - ANSWER The International Court of Justice
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? - ANSWER
ICJ cannot deviate from similar decisions it has made on contract breaches before.
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? -
ANSWER The company's obligations depends on what type of company it is and what type of
securities.
Which of the following places the events in the correct order? - ANSWER Concept release; Rule
proposal; Public comment period; Amendment of rule proposal; Rule adoption
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: - ANSWER Bekah was still exempt from
the SEC's reporting requirements.
Fancorp regularly trades in securities on a national exchange.Which of the following is true
concerning the company's requirement to report to the SEC? - ANSWER Required to
report major business developments and must file annual and quarterly financial reports.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller KenAli. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
