Practice Quiz

MTEL Business Practice Exam - Question List

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21.
A clothing retailer signs a contract with a manufacturer to purchase 6,000 units of a particular style of dress shirt at a price of $12 per shirt. The contract specifies only that the shirts be a blend of 60 percent cotton and 40 percent polyester and that they be delivered by June 14. Which of the following would be a valid reason for the retailer to refuse to accept the shipment of shirts or pay the manufacturer?
  1. Cotton prices have risen sharply and the manufacturer asks the retailer to pay $12.50 per shirt.
  2. Sales of dress shirts have dropped and the retailer's store inventories are higher than expected.
  3. The retailer believes that some of the colors of shirts sent by the manufacturer will not sell well.
  4. The retailer found another manufacturer willing to provide identical shirts at a lower price.
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22.
Federal antitrust legislation would most likely apply in which of the following cases?
  1. Senior members of a large brokerage firm are accused of insider trading of stocks.
  2. A large privately held company wishes to go public with an initial public offering (IPO) of stock.
  3. A large financial services company is accused of systematically defrauding consumers.
  4. The nation's largest and third-largest telecommunications companies wish to merge.
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23.
Consumers in several cities become seriously ill after eating blackberries sold at a particular supermarket chain. Health authorities trace the illness to an independent grower who sprayed contaminated irrigation water on the berries. The grower sold the berries to a wholesaler, who packed the berries and sold them to the supermarket chain. Which of the following elements of the supply chain for the blackberries is likely to be held liable if lawsuits are filed by the individuals who were sickened by the berries?
  1. The grower who grew and picked the berries.
  2. The wholesaler who packaged the berries.
  3. The supermarket chain that distributed the berries.
  4. The managers of the stores that sold the berries to consumers.
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24.
Which of the following statements most accurately compares how copyright law is applied to written or printed material with the way it is applied to digital material posted on the Internet?
  1. Digital material posted on the Internet is protected under a different, less restrictive, set of copyright laws.
  2. Copyright protections for digital material posted on the Internet are the same as those for written or printed material.
  3. Digital material posted on the Internet is protected only if it was posted originally on a site with a registered domain name.
  4. Copyright protections for digital material posted on the Internet are enforced for a shorter period of time than for written or printed material.
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25.
In response to widespread piracy of digital music and videos on the Internet, Congress passed the Digital Millennium Copyright Act. This act specifically prohibits the manufacture or distribution of software designed primarily for:
  1. Circumventing encryption or other technology protecting digital works.
  2. Sharing digital files on the Internet.
  3. Downloading digital material from the Internet.
  4. Streaming digital material online.
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