Uop Law 531 Week 5 Quiz

1.)    Which of the following powers do administrative agencies typically have?
 Statute interpretation, law enforcement, and mediation
 Law enforcement, statute interpretation, and dispute resolution
 Dispute adjudication, mediation, and rulemaking
 Rulemaking, statute interpretation, and dispute adjudication
2.)    Which of the following is true of the Federal Trade Commission?
 It is a federal agency created by Congress
 It is a branch of the U.S. Supreme Court
 It is a temporary commission created by executive order that has become permanent
 It is a corporation subsidized by the federal government
3.)    If a corporate officer or director acts in a manner to make use of an advantage that he or she knows will only benefit himself or herself and deprives the corporation of that advantage, what breach of fiduciary duty has been committed?
 Duty of care by violation of the business judgment rule
 Duty of loyalty by self-dealing
 Duty of obedience by competing with the corporation
 Duty of loyalty by usurping a corporate opportunity
4.)    If a corporate officer in the position of secretary intentionally takes over the powers provided to the treasurer in the corporate documents, what fiduciary duty does that corporate secretary breach?
 Duty of care
 Duty of good faith and fair dealing
 Duty of obedience
 Duty of loyalty
5.)    Under what system of corporate voting by shareholders can a minority shareholder achieve success in electing someone to the board of directors?
 Straight voting
 Cumulative voting
 Absentee voting
 Proxy voting
6.)    In 1970, Congress established an administrative agency to enforce statutes enacted to protect the air and water of this country. What is the name of this agency?
 Environmental Protection Agency
 Army Corps of Engineers Agency
 National Ambient Air Quality Standards Agency
 Air Quality Control Agency
7.)    In order to protect wildlife that may be subject to scarcity, which Executive Branch cabinet...