WGU - D432 Section 1 Study Guide

WGU - D432 Section 1 Study Guide 3.0 (1 review) Students also studied Terms in this set (44) Western Governors UniversityD 432 Save WGU D432 Study Guide for Objectiv...118 terms Jarred_Neff6Preview WGU - D432 Section 2 40 terms ccomia1Preview WGU - D432 Section 2 40 terms LR0224Preview Employ 50 terms ant Practice questions for this set Learn1 / 7Study using Learn quarterly unaudited financial statements that contain financial information.Case Lawused by judges to inform their own rulings Precedentprevious court rulings on similar cases, when determining the ruling in their own cases Choose an answer 1Case Law2Limited Partner 3Form 10-Q4 Section 12(g) of Securities Exchange Act of 1934 Don't know?

Wheeler-Lea ActLaw grants the Federal Trade Commission the authority to stop false food- and drug-related advertising Lanham Act Section 12(g) of Securities Exchange Act of 1934 Companies with more than $10 million in assets whose securities are held by more than 500 owners must file annual and other periodic reports with the SEC Form 8-Kthe report that companies must file with the SEC to announce major events that shareholders should know about Dodd-Frank ActLaw gives whistleblowers security when they report alleged Foreign Corrupt Practices Act violations Partnershipinvolving two or more individuals who agree to operate a business together for profit, can be both advantageous and risky Sole Proprietorshipbusiness established, owned, operated, and often financed by one person General Partnershipall partners share in the management and profits Limited PartnershipHas two types of partners; one or more general or limited partners General Partnerhave unlimited liability; maintain operational control Limited Partnerliability is limited to the amount of their investment; do not take part in the day-to- day management of the firm, help finance the business Limited Liability Partnerships (LLP)like general partnership except that partners are not held responsible for the business debt and liabilities Limited Liability Limited Partnership (LLLP)a limited partnership with the addition of limited liability, hence protecting the general partner from the debt and liabilities of the partnership CorporationA legal entity subject to the laws of the state in which it is formed, where the right to operate as a business is issued by state charter.Criminal Casesoccur when an individual commits a crime against the public, which is punishable by incarceration, fines, and other penalties Civil casescrimes against an individual in which harm to the individual has occurred; the penalties are cash remedies to the injured party contract lawRules and regulations focused on the execution of a contract Labor lawthe acts and regulations that protect individuals' rights to form or decertify unions labor relationsactivity related to labor law

responsibility of administrative agenciesThe enforcement of court decisions, regulations, and rules in accordance with acts passed by Congress Antitrust lawprohibits inequitable competition that negatively impacts consumers, such as the formation of monopolies international lawThe policies and procedures that regulate relationships between nations Ethicsmoral philosophy, encompasses a set of values that provide an individual with a sense of right-making and wrongdoing Federal Trade Commission (FTC)regulates actions that create an unfair trade situation Foreign Corrupt Practices Act (FCPA)a transnational law that regulates accounting practices and operates anti-bribery initiatives Securities Exchange Act (SEA)created after the stock market crash and began by regulating securities trading to avert another catastrophic economic event Corporate Social Responsibility (CSR)created pressure on companies to consider how they conduct their business while supporting the community and preserving natural resources.Corporationscan own property, enter into contracts, and engage in business operations under their state charter Franchisinga rapidly growing segment of the economy, offering a way to own a business without starting from scratch and expanding operations quickly with limited capital investment.Sherman ActFirst federal action against monopolies, it was signed into law by Harrison and was extensively used by Theodore Roosevelt for trust-busting. However, it was initially misused against labor unions Clayton ActAct that minimally restricted the use of injunctions against labor and legalized peaceful strikes, picketing, and boycotts.Federal Trade Commission ActThis law authorized a presidentially-appointed commission to oversee industries engaged in interstate commerce, such as the meatpackers. The commissioners were expected to crush monopolies at the source.Form 10-kthe annual report that publicly traded companies must file with the SEC Consent Orderlegally binding promises by businesses to stop or correct certain acts or practices Bureau of Competition (FTC)-reviews mergers and acquisitions -challenges anti-competition behavior -promo competition -provides info

Bureau of Consumer Protection (FTC)-federal laws to protect consumer -empowers consumer with info -communicates with consumers about fraud Bureau of Economics (FTC)helps the FTC evaluate the economic impact of its actions Form 10-Qquarterly unaudited financial statements that contain financial information.Proxy StatementsProxy statements are documents that the SEC requires that shareholders of companies with securities registered under Section 12 of the Securities Exchange Act of 1934 receive to allow them to vote on issues that will be decided at a stockholder meeting.insider trading"buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, on the basis of material, nonpublic information about the security." fiduciaryrefers to someone who is charged with the responsibility to act in the best interest of the other party. In the case of businesses, are expected to act in the best interests of their investors.material nonpublic informationinformation of any kind that would impact the market price of securities that has not been disclosed to the public, i.e., insider information.