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Exam 21: Appendix A: Using Technology to Manage Information

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Question 81

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Which of the following is considered as a cause for the significant increase in bankruptcies?

A) a decrease in the understanding of bankruptcy law
B) a decrease in the price to complete the process by bankruptcy lawyers
C) an increase in the number of involuntary bankruptcy cases initiated by creditors
D) an increase in the ease with which some consumers can get credit

E) A) and D)
F) A) and C)

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Question 82

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The Federal Trade Commission Act prohibits unfair methods of competition.

A) True
B) False

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Question 83

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Chapter 13 bankruptcy permits individuals and small-business owners to repay creditors over a period of three to five years.

The Clayton Act prohibits interlocking directorates.

Patent owners are prohibited from selling or licensing their patent rights to others.

Trademarks generally belong to the owner forever,as long as they are properly registered and renewed every 10 years.

The section of the Bankruptcy Code that allows a business to reorganize and pay only a limited proportion of its debts is Chapter:

A(n) __________ patent refers to the situation when some inventors intentionally delay a patent application because they expect others to develop similar products or technology.

The primary objective of a tax credit is to encourage businesses to behave in certain ways.One example is offering a tax credit to automobile manufacturers for the purchase of robotics used in the manufacture of automobiles.

Mini-Case Brian and Sondra have just opened a new Cajun restaurant on the edge of town,Cajun Cookin' Inc.They own the land and building and have a brand-new kitchen as well as a lovely seating area,filled with mementos from the South.They have a liquor license and make wonderful Southern drinks.They are quite pleased that members of the community are helping their business grow by coming in for a meal or a drink after work.They are good businesspeople who pay their bills on time and as a result have great relationships with the vendors that supply them food. -As it turns out,Brian and Sondra's good fortune with the restaurant has caused their competitors to lose business.In fact,Cajun Cookin' has been so successful that two other nearby restaurants are in danger of going out of business.Brian and Sondra have:

Appellate courts hear the appeals of decisions made at the trial court level brought by the losing party in the case.

Both the airline and telecommunications industries have been deregulated.

The Environmental Protection Agency is an example of a(n) :

If a contract is to be legally binding,both parties must give consideration.

Bankruptcy is the legal process by which a person,business,or government entity that is unable to meet financial obligations is relieved of those debts by a court.

The two main purposes of taxes are:

The Bankruptcy Reform Act of 2005 made it easier for individuals to eliminate most debts in a bankruptcy.

The Justice Department's antitrust division serves as a watchdog for violations of the Uniform Commercial Code.

Sales taxes are the largest source of tax income received by the federal government.

Which of the following established a government agency to enforce the laws regulating unfair competition?