week 8 quiz 1

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Dec 6, 2023

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11/23/23, 3:04 AM Taylor Gibbs's Quiz History: Week 8 Quiz - Chapters 17, 20, and 21 Week 8 Quiz - Chapters 17, 20, and 21 Results for Taylor Gibbs (D Correct answers are hidden. Score for this attempt: 68 out of 80 Submitted Nov 19 at 10:54am This attempt took 13 minutes. . 414 pt Question 1 pts Bruno, Lenny, and Carl work for the Duffie Bratwurst company as distributors. After a particularly long week at work, the trio decides to go to a bar to let off some steam. They are still wearing their Duffie Bratwurst uniforms at the time. While at the bar, they drink too much, become rowdy, and destroy some valuable property. Which of the following outcomes is most likely? Duffie Bratwurst has no recourse against the employees because they were off duty at the time. Duffie Bratwurst is responsible for the repairs to the bar but cannot discipline the workers because they were off duty at the time. Duffie Bratwurst can discipline the workers, including firing them for their actions. Duffie Bratwurst cannot discipline the workers because the workers were not on company property at the time of the incident. https://canvas.strayer.edu/courses/4925/quizzes/98551/history?version=1 1/11
11/23/23, 3:04 AM Taylor Gibbs's Quiz History: Week 8 Quiz - Chapters 17, 20, and 21 . 414 Question 2 /4 pts Congress created S corporations (S corps) to encourage entrepreneurship. Which of the following statements regarding S corps is true? Shareholders of S corps have both the limited liability of a corporation and the tax status of a flow-through entity. Shareholders of S corps have the liability of a partnership and the tax status of a flow-through entity. Shareholders of S corps have both the limited liability of a corporation and the tax status of a corporation. Shareholders of S corps have both the liability and the tax status of a partnership. . 414 Question 3 /4 pts Andrea was an up-and-coming music producer at Too Loud Productions. One night while out at the clubs, Andrea discovered a new singer, Dylan. Andrea approached Dylan after the show and gave him her card. Andrea offered to sign Dylan to a contract but told him that she still needed the approval of the New Talent Committee. Dylan celebrated his new deal by buying a new car. The next week, the New Talent Committee denies Andrea's request. Is Dylan entitled to damages? Yes, Andrea acted with apparent authority when offering Dylan the deal. https://canvas.strayer.edu/courses/4925/quizzes/98551/history?version=1 2/11
11/23/23, 3:04 AM Taylor Gibbs's Quiz History: Week 8 Quiz - Chapters 17, 20, and 21 Yes, Andrea acted with express authority when offering Dylan the deal. Yes, Andrea acted with implied authority when offering Dylan the deal. No, Andrea made it clear that she did not have the authority to offer the deal without approval from the New Talent Committee. Question 4 414 pts Chance is a traveling marketing representative for a publishing company. He is an independent contractor and was hired without negligence. One afternoon while driving to a meeting, Chance negligently runs a stop sign and causes an accident. Shayna is injured. Shayna can hold both Chance and his company liable for her injury. hold the company but not Chance liable. hold Chance but not the company liable. not hold Chance or his company liable for her injury. Question 5 414 pts Mohammad was an employee in the new product development department of Estay Inc. Mohammad was directly involved in the development of a new product that Estay intended to launch in six months. Estay took great care to keep information concerning the new product a secret. Ceries Inc., a competitor of Estay, persuaded Mohammad to leave Estay to direct Ceries' marketing department. Which of the following statements is correct? https://canvas.strayer.edu/courses/4925/quizzes/98551/history?version=1 3/11
11/23/23, 3:04 AM Taylor Gibbs's Quiz History: Week 8 Quiz - Chapters 17, 20, and 21 Mohammad can share with Ceries the confidential information he knows about Estay's new product because he was directly involved in its development. Mohammad can share with Ceries the confidential information he knows about Estay's new product because his agency relationship with Estay is terminated. Mohammad cannot share with Ceries the confidential information he knows about Estay's new product because of the equal dignities rule. Mohammad cannot share with Ceries the confidential information he knows about Estay's new product because he has a duty not to disclose confidential information he acquired during the agency. Question 6 414 pts Devanie owns a retail business by herself and was sued by a customer who fell in the store. The customer claimed the business was negligent in caring for its floors. Which statement best describes Devanie's potential liability? Devanie has no potential liability to the customer. Devanie can be held personally liable to the customer because she is the owner. Devanie can only be liable up to the amount she initially invested in the business. Devanie cannot be held personally responsible; the woman's insurance must pay for the claim. https://canvas.strayer.edu/courses/4925/quizzes/98551/history?version=1 4/11
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