30 Jan Sole proprietorship
MBA5005 Law & Ethics for Managers
Week 5 Knowledge Check
Question 1
Federal law has exclusive rights to enact and enforce environmental laws.
Question 1 options:
True
False
Question 2
If a corporation is found to have violated environmental laws the penalties will involve payments of fines but no imprisonment for managers or executives.
Question 2 options:
True
False
Question 3
If the government takes land under eminent domain, the land must be taken for public use such as a new highway or public park.
Question 3 options:
True
False
Question 4
Which of the following is not a type of ownership in real property?
Question 4 options:
A)
Tenancy in common
B)
Joint tenancy
C)
Community property
D)
Sole proprietorship
Question 5
Parties involved in international contracts must consider choice of laws when drafting contracts because the laws vary from country-to-country.
Question 5 options:
True
False
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