mcq0010
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Greenwich English College *
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123
Subject
Law
Date
Nov 24, 2024
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docx
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1
Uploaded by SargentRiverPolarBear33
101.
In business, which type of contract involves a promise to perform in exchange for a
specific act by the other party? A) Bilateral contract B) Unilateral contract C) Executory contract
D) Void contract Answer: B) Unilateral contract
102.
Which law addresses issues related to workplace safety, including the handling of
hazardous materials and employee safety training? A) Antitrust law B) Environmental law C)
Occupational Safety and Health Act (OSHA) D) Immigration law Answer: C) Occupational Safety
and Health Act (OSHA)
103.
What is the legal term for the act of obtaining something, such as property or
information, through the use of threats, force, or coercion? A) Misrepresentation B) Duress C)
Offer D) Acceptance Answer: B) Duress
104.
In business, what is the term for a formal, written promise by a seller to repair or replace
a product that proves to be defective? A) Covenant B) Warranty C) Condition D) Contract
Answer: B) Warranty
105.
Which federal law governs the collection, use, and disclosure of consumer credit
information and provides individuals with certain rights regarding their credit reports? A) Fair
Credit Reporting Act (FCRA) B) Americans with Disabilities Act (ADA) C) Family and Medical Leave
Act (FMLA) D) Equal Pay Act Answer: A) Fair Credit Reporting Act (FCRA)
106.
What is the legal term for the act of granting authority to an agent to act on behalf of a
principal in business transactions? A) Deed B) Trust C) Power of attorney D) Stock certificate
Answer: C) Power of attorney
107.
In business, which type of contract arises when one party accepts an offer by performing
a specific act rather than by making a promise? A) Bilateral contract B) Unilateral contract C)
Executory contract D) Void contract Answer: B) Unilateral contract
108.
Which law protects an individual's right to inspect, copy, and correct their own personal
data held by organizations? A) Equal Pay Act B) Privacy law C) Data protection law D) Sarbanes-
Oxley Act Answer: B) Privacy law
109.
In international trade, what term describes a business arrangement where a
manufacturer allows another company to use its intellectual property to produce and sell a
product? A) Outsourcing B) Joint venture C) Licensing D) Mergers and acquisitions Answer: C)
Licensing
110.
Which law regulates the relationship between employers and employees, addressing
issues such as wage and hour standards, child labor, and overtime pay? A) Labor law B)
Environmental law C) Antitrust law D) Fair Labor Standards Act (FLSA) Answer: D) Fair Labor
Standards Act (FLSA)
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