Texas A&M University (TAMU) MGMT209 Practice Exam

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• What was the unemployment rate in the U.S. during the Great Depression when FDR was implementing the New Deal?
• What best describes the role of the Sherman Act concerning labor unions?
• What does the Consumer Leasing Act apply to?
• Which act helped to specify union reporting and disclosure standards?
• What is the best way for Lee to protect his photograph of a sunset?
• What can be considered as a valid defense in an assault and battery claim?
• What defines a contract that lacks commitment from one or more parties involved?
• Which labor law was enacted by Congress despite a Presidential veto?
• Who qualifies as a covered employee under Wagner?
• Mike promises to pay Mary's debt if she fails to do so. If Tom sues Mike without suing Mary, what is Mike's role?
• What is the minimum number of jurors required to form a jury in Texas civil cases?
• Which company significantly benefited from the Sonny Bono Copyright Extension Act of 1998?
• If a contract requires immediate performance until a specific event occurs, what type of contract is it?
• What is commonly referred to as the "birth certificate" of an LLC?
• Which of the following is not typically recognized as a valid type of contract?
• What did labor refer to Taft-Hartley as?
• Which legislation requires financial disclosures for certain transactions to be transparent?
• Under which act must companies disclose executive compensation?
• What is MACT commonly associated with regarding air pollutants?
• What was a consequence of the Taft-Hartley Act?
• Under the Fair Labor Standards Act, where can a 14-year-old work outside of their parents' business?
• Which test do you use to prove disparate impact?
• Which is the major area of concern in water pollution?
• What does a horizontal merger refer to?
• What is a consequence of breaching fiduciary duty?
• The Necessary and Proper Clause is also known as what?
• Which laws does the FTC usually enforce?
• Which law can be utilized to correct inaccuracies on a credit card statement?
• What does the Lanham Act primarily cover?
• The Taft-Hartley Act of 1947 is also known as what?
• If a judge interprets a statute based on congressional intent, which judicial philosophy is being used?
• During whose presidency were regulatory agencies often considered unconstitutional or invalid?
• If your primary objective is to raise capital from the public, which form of business entity is the correct choice?
• Which of the following is an example of a protected class under the Civil Rights Act of 1964?
• Proxy solicitation is best defined as:
• Which Labor Law legalized unions and allowed several activities like going on strike?
• What is the exception to the rule of secondary boycotts?
• What profession first used LLPs in large numbers?
• What agency is responsible for setting air quality standards in the United States?
• Which business entity was specifically established in Texas in 1991?
• When does the Business Judgement Rule protect corporate directors or officers?
• What is the official title of the Ocean Dumping Act?
• What happens when a minor disaffirms a contract to buy a car?
• What is a primary consideration for determining market power in antitrust analysis?
• Which labor law specifically outlawed yellow dog contracts?
• Who can utilize a consumer's credit report under the Fair Credit Reporting Act?
• What key component distinguishes a limited liability company from a general partnership?
• What element is necessary for a contract to be considered binding?
• How can the Court System create law?
• What term describes a judge interpreting a statute without regard to Congressional intent?
• Which agency is primarily responsible for enforcing the Clean Air Act?
• For a mistake to make a contract voidable, it must qualify as what type of mistake?
• Why did the Sherman Act prove to be ineffective?
• What are the penalties for violation of the '33 Act?
• What removes the possibility of a contract being enforced due to lack of legality?
• What is the purpose of the SEC?
• What can Mary do after being denied federal protection for her product name?
• Which type of business entity has restrictions on the type of owners it can have?
• Which of the following is NOT a defense against defamation?
• What unique power distinguishes regulatory agencies from other government branches?
• Which of the following acts involves protection for individuals regarding unfair billing practices?
• Which environmental law was the first in the U.S. to establish a permit system?
• Which source of law is considered the most important?
• Who represents the interests of shareholders in corporate governance?
• Which of the following acts regulates collective bargaining and union representation?
• Which type of court is primarily responsible for making legal precedent?
• Who was the first president to enforce the Landrum-Griffin Act?
• What document sets the rules governing the operation of a corporation?
• What are the most common types of damages awarded in a contract case?
• What type of merger involves companies at different levels of the supply chain?
• American unions predominantly adhere to which theory?
• What term describes when the employer fired employees for joining unions and blacklisted them?
• What is the primary focus of business unionism?
• Which of the following pollutants is regulated under NAAQS?
• If a person is determined to be legally insane after entering into a contract, what is the status of that contract?
• What is the acronym for the State Implementation Plan?
• What was the first state to have LLCs in the United States?
• To ensure limited liability for owners, which business entity should be chosen?
• Which clause is considered the most important for the business world in the Constitution?
• What does the Fair Labor Standards Act of 1938 primarily address regarding child labor?
• What does strict liability in torts entail?
• The Election of 1932 introduced which new era?
• Which types of businesses cannot be a LLC?
• What agency was created by Sarbanes-Oxley to enforce ethical and auditing standards?
• Which goal of CalPERS became part of Sarbanes-Oxley?
• What type of damages is Jack seeking if recovering money is of no benefit to him?
• Which organization is responsible for enforcing regulations related to wetlands?
• In Texas, which court handles appeals from County Courts?