Joshua runs a cattle breeding business and owes the LeBron Ranch $1,000. Joshua agrees to pay the LeBron a percentage of his profits each month until the debt is paid. This agreement is

I want you answer these questions?

1. 
Joshua runs a cattle breeding business and owes the LeBron Ranch
$1,000.  Joshua agrees to pay the LeBron
a percentage of his profits each month until the debt is paid.  This agreement is

A.  a delegation

B.  a partnership

C.  a delegation

D.  a shareholder

2. 
Cortina Corporation handles investment accounts for small to medium size
employers.  In most circumstances the law
would prohibit Cortina from subjecting its employees to

A.  drug tests

B.  electronic monitoring

C.  lie-detector tests

D.  searches of their desks,
filing cabinets, or officers

3. 
For the Age Discrimination to apply

A.  the age discrimination must
have been intentional

B.  the employee must be at
least 25 years old

C.  the age discrimination
cannot be intentional

D.  the employee must be at
least 40 years old

4. 
Ralph is a director of Happy Days, Inc. 
Without telling Richard, Ralph goes into business with Sad Days, Inc.,
in competition with Richard.  Ralph is
liable for

A.  Breach of the duty of
loyalty

B.  Breach of the duty of duty
of care

C.  Violating the business
judgment rule

D.  Indemnification of the
corporation

5. 
Ravenous Corporation wants to gain control of Meek Company.  The companies negotiate for several months,
without coming to terms.  Ravenous
decides to pursue a takeover attempt. 
Meek decides to resist.  Meek
issues its stockholders additional shares at a low price so as to make
Ravenous’s takeover attempt prohibitively expensive.  This is a

A.  Poison pill

B.  Scorched earth tactic

C.  Pac-Man defense

D.  Crown jewel

6. 
Apple Corporation’s employment handbook states that employees will be
dismissed only for good cause.  Jill, an
employee, is dismissed because her supervisor didn’t like her dress.  If 
Jill sues Apple, a court could hold that

A.  There is an implied contract
on the terms in the manual

B.  There is no contract because
Tom doesn’t have a formal written agreement

C.  That Tom can file a Title
VII suit based on the protected class of being a bad dresser

D.  Tom was not qualified
because he did not sign a written employment agreement

7. 
Jill is seventeen years old.  Jill

A.  Cannot work in a hazardous
occupation

B.  Cannot work during school
hours

C.  Must obtain a permit to work

D.  None of the above

8. 
Cheap Things, Inc. employs 550 workers in six states.  Cheap Things, Inc. cannot discriminate in the
hiring of employees for reasons of

A.  Height

B.  Educational background

C.  Union affiliation

D.  None of the above

9. 
Lisa works at Build-A-Bear at Mayfair mall.  She is the store manager and earns $35,000 a
year.  The maximum number of hours that
Lisa can work per week without overtime pay is

A.  Thirty-five

B.  Fourty

C.  Sixty

D.  Unlimited

10. 
Cortina Asset Management wants to expand into London but they don’t have
the capital. The bank asks that one of their clients, Mr. X, guarantee the loan
for expansion.  Mr. X executes a guaranty
of Cortina’s loan.  Mr. X is liable:

A.  For the entire amount of the
loan, regardless of whether Cortina can pay

B.  For half of the loan and
Cortina the other half

C.  For the entire amount of the
loan only after the bank tries to collect from Cortina

D.  Has no liability because
these types of loans are illegal

11. 
Which of the following factors will the court consider when determining
whether to pierce the corporate veil

A.  How many employees exist

B.  Whether the company is set
up to make a profit

C.  Whether the owner also owns
other businesses

D.  Whether the owner influences
employees in their day-to-day operations

12. 
Ron, an employee of Standard Company, is injured.  For Ron to receive workers compensation, the
injury must be

A.  Accidental and arise out of
a preexisting disease or condition

B.  Accidental and occur on the
job or in the course of employment

C.  Intentional and arise out of
a preexisting disease or condition

D.  Intentional and occur on the
job or in the course of employment

13. 
Mega Corporation provides health insurance for its employees.  When Mega closes one of its offices and
terminates the employees, COBRA allows the employees

A.  to collect “severance pay”
equal to twelve weeks’ of health insurance coverage

B.  continue their health
insurance at Mega’s expense for 18 months

C.  continue their health
insurance at their own expense for 18 months

D.  lose their health insurance
immediately