Business Law

KnowledgeCheckWeek2.docx

A tying arrangement is a situation where merchants tie a ribbon or something similar around products so consumers know the products are purchased together as a set.

Question 1 options:

	A) True
	B) False

Question 2 (1 point)

The Clayton Act prohibits mergers and acquisitions that may substantially lessen competition or create a monopoly.

Question 2 options:

	A) True
	B) False

Question 3 (1 point)

Parties involved in international contracts must consider choice of laws when drafting contracts because the laws vary from country-to-country.

Question 3 options:

	A) True
	B) False

Question 4 (1 point)

Administrative agencies provide alternatives to courts for the resolution of disputes.

Question 4 options:

	A) True
	B) False

Question 5 (1 point)

If a company violates a law enforced by the Food & Drug Administration (FDA), the corporation might be subject to all of the following except:

Question 5 options:

A)	Prison sentence

B)	Financial penalties

C)	Loss of licenses

D)	Damage to reputation