Les 305 - Study guides, Class notes & Summaries

____ is an umbrella term for the legal property rights related to trade secrets, patents, copyrights, and trademarks. - ️️intellectual property ____ rights can emerge from the flow of knowledge - ️️intellectual property ____ such as processes, formulas, methods, procedures, and lists can be valuable assets that allow companies to obtain a competitive advantage - ️️trade secrets _____ consists of a body of law that, for the purposes of preventing harm to society, defines what condu...

LES 305 Final Exam questions with complete solutions

Which of the following examples is an example of a merchant according to the UCC? - ️️A vacuum sales person selling door to door. Which of the following examples is an example of a merchant according to the UCC? - ️️A vacuum sales person selling door to door. Which of the following is an example of when a person acquires an insurable interest? - ️️Title Which of the following is classified as an equitable remedy? - ️️Reformation Without genuiness of assent - ️️A promise m...

LES 305 Exam 1 Questions and Answers All Correct Executive orders - Answer-Laws of the executive branch of the federal government. President will give these orders. State codes - Answer-This contains the state's criminal laws, laws for incorporation, laws governing partnerships, and contract laws. Much of the law that affects business is found in these. Uniform codes - Answer-These are drafted by groups of business people, scholars, and lawyers in an effort to make interstate business le...

Les 305 Test Questions with Correct Answers Which of the following corporate contributions would be permitted under the inherence school? a. a corporate contribution to a shelter program for the homeless b. a corporate contribution to an organization to help battered women c. a corporate contribution to a charitable worldwide organization to provide medical care d. a corporate contribution to a new transportation system located near the corporate headquarters to attract talented employees an...

Which of the following is an ethical breach using the Categories of Ethics Dilemmas from your book? a. doing things that are unethical b. doing things that are unbalanced c. saying things you know are not true d. saying things that are true but difficult to say e. practicing moral relativism - ️️c. saying things you know are not true Which of the following is correct? a. the rule of law in the case is not precedent b. dicta is precedent c. dicta is the discussion of the rule of law...

LES 305 - Clark Exam 2 Review Questions with complete solutions

LES 305 Exam 1 questions with complete solutions already passed

LES 305 Test 1 Questions with Correct Answers Enlightened Self-Interest School of Social Responsibility - Answer-Advises managers to be responsible to shareholders by being responsive to the larger society. Inherence School of Social Responsibility - Answer-Advises managers to serve shareholders and to act only with shareholders' interests in mind Invisible Hand School of Social Responsibility - Answer-Role of business is to serve larger society and it does so best when serving sharehold...

"$500 reward for the return of my dog, Ebony," is an offer to enter a bilateral contract. - ️️False. This is an offer to enter into a unilateral contract. Agreements signed by an employee before the employee begins to work that prevent him working for a competitor are also known as noncompete agreements or covenants not to compete. Are they enforceable? a. No, because there is no consideration for them to be signed. b. No, because they are a restraint of trade. c. Yes, they are a...