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LAW 531 Week 5 Quiz
1. Tuff-Steele Constructions, Inc. has not been adhering to appropriate worker safety rules. As a result, there have been an increased number of on-site accidents and several construction workers have sustained serious injuries. Which of the following powers will allow an administrative agency to bring agency proceedings against Tuff-Steele Constructions? 1. Rulemaking2. Licensing 3. Judicial authority 4. Executive power
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2. 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? 1. Army Corps of Engineers Agency2. National Ambient Air Quality Standards Agency 3. Environmental Protection Agency 4. Air Quality Control Agency 5. Corporate governance 6. Director complacency 7. Separation of powers 8. Corporate veil 9. Duty of care by violation of the business judgment rule 10. Duty of loyalty by self-dealing 11. Duty of obedience by competing with the corporation 12. Duty of loyalty by usurping a corporate opportunity
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5. Unless otherwise stated in the articles of incorporation, a quorum to hold a meeting of the shareholders is generally defined as which of the following? 1. The number of shareholder votes necessary to pass an action2. A committee of directors selected to vote on a corporation action 3. A majority of shareholders required to be present to vote on a corporate action 4. The number of registered shareholders eligible to vote at a given time 5. Its certified public accountants 6. Its executive officers or directors 7. Its majority shareholders 8. Its legal counsel 9. Federal Reserve System 10. United States International Trade Commission 11. Securities and Exchange Commission 12. Federal Communications Commission 13. Failing to predict a raw materials shortage resulting from a natural disaster 14. Failing to react appropriately to a severe rise in the prime interest rate 15. Failing to predict the startup of a new competitor 16. Failing to anticipate a drop in the consumer demand of the company’s product 17. Express, transparent and implied 18. Express, applied and apparent 19. Express, transparent and applied 20. Express, implied and apparent 21. Proxy voting 22. Absentee voting 23. Cumulative voting 24. Straight voting 25. Statute interpretation, law enforcement and mediation 26. Law enforcement, statute interpretation and dispute resolution 27. Dispute adjudication, mediation, and rulemaking 28. Rulemaking, statute interpretation and dispute adjudication 29. It is a federal agency created by Congress 30. It is a branch of the U.S. Supreme Court 31. It is a corporation subsidized by the federal government 32. It is a temporary commission created by executive order that has become permanent 33. The Superfree Act 34. The Toxic Substances and Control Act 35. The Insecticide, Fungicide and Rodenticide Act 36. The Comprehensive Environmental Response, Compensation and Liability Act 37. Duty of loyalty 38. Duty of care 39. Duty of obedience 40. Duty of good faith and fair dealing 41. Secretary of Homeland Security 42. Secretary of Health and Human Services 43. Secretary of the Interior 44. Secretary of Commerce
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