Law 531 Week 5 Quiz

LAW 531 Week 5 Quiz
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LAW 531 Week 5 Quiz

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...