ETH 321 Week 4 Quiz 4

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ETH 321 Week 4 Quiz 4
After reading and completing the activities for the week, complete the 8 question quiz. Submit your answers to each question on a Word document. Click the Assignment Files tab to submit your document.

Quiz – Week 4

 

1. _____ is a court-created rule that limits when courts can review administrative decisions.

 

A.   The doctrine of estoppel

B.    the doctrine of exhaustion of remedies

C.    The doctrine of lapse

D.   the doctrine of primary jurisdiction

E.    The doctrine of precedent

 

2. The _____ function involves both fact-finding and applying law to the facts.

 

A.   adjudicating

B.    advising

C.    rule making

D.   investigating

E.    determining

 

3. Business often fails to regulate itself, and the lack of self-regulation is contrary to the public interest. To counterbalance, administrative agencies exist to:

 

 

A.   refer the problem or area to experts for solution and management.

B.    protect the public, especially from the business community.

C.    replace competition with regulation.

D.   develop detailed rules and regulations to carry out the legislative policy.

E.    provide services, having been arisen out of necessity.

 

4. Administering laws to prohibit distribution of adulterated, misbranded, or unsafe food and drugs is a function of _____.

 

A.   FCC

B.    FTC

C.    FRB

D.   FDA

E.    FAA

 

5. In 1914, Congress, recognizing that the Sherman Act needed to be more specific, enacted the _____ as an amendment to the Sherman Act.

 

A.   Clayton Act

B.    Fair Credit Billing Act

C.    Securities Act

 

D.   Truth in Lending Act

E.    Robinson-Patman Act

 

6. An agreement to allocate geographical areas among competitors is called a _______ territorial agreement.

 

A.   bilateral

B.    vertical

C.    horizontal

D.   competitive

E.    congeneric

 

7.  The _____ regulates transfers of securities after the initial sale.

 

A.   Securities Exchange Act of 1933

B.    Sherman Antitrust Act of 1890

C.    Sarbanes-Oxley Act of 2002

D.   Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

E.    Securities Exchange Act of 1934

 

8. An insider is any person who owns more than _____ percent of any security.

 

A.   5

B.    10

C.    15

D.   20

E.    50

 
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