Question 1

Generally,federal law forbids discrimination in the workplace,but there are exceptions.Describe those exceptions.

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Question 2

Describe the dangers of publicly disclosing your innovation before you have filed a patent application as well as the provisional measure you could take,as long as you're in the United States,that may provide you some protection.

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Question 3

Pick two of the legal structures from the ones covered in the text and compare the advantages and disadvantages.

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Question 4

Collin obtains a position as a stock clerk where he must stock and distribute office supplies to a group of 250 employees.In his job,he uses a pull cart,ladder,and occasionally must use small hand tools in order to assemble small furniture and office equipment.Discuss safety precautions the employer must take.

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The answer of Collin obtains a position as a stock...

Question 5

Income tax is triggered any time an individual receives any form of property in exchange for performing services.

Accepted Answer

This is true because income tax is levied on all kinds of income that an individual earns, including income earned through services rendered. Therefore, any form of property received in exchange for performing services would be subject to income tax.

Question 6

If you issue shares in your company to your employees,you are risking noncompliance with securities law.

Accepted Answer

Issuing shares to employees can be considered a form of securities offering, and therefore subject to securities laws and regulations. Failure to comply with these laws could result in penalties and legal consequences for the company. It is important to consult with legal counsel and follow appropriate procedures when offering shares to employees.

Question 7

In order to entice the best employees,it is advisable to include language in your policies that hints at promises of future employment or benefits.

Accepted Answer

Including language that hints at promises of future employment or benefits can lead to misunderstandings and potential legal issues if those promises are not fulfilled. It's better to be clear and realistic about what is being offered.

Question 8

A new business owner is setting up a business and will be opening in 3 months.While she is recruiting for full-time employees,she hires a temporary worker.The worker is only helping out a few days a week and doing odd jobs such as being on the premises when the owner is away,stocking office supplies,and helping arrange office furniture.At the end of the week,the business owner pays the worker the agreed-upon fee of $200.What issues might affect the business?

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Question 9

Bob and Karin founded a luxury health spa located near natural hot springs.They each owned 30% of the company,with the remaining 40% owned by other shareholders.There were many expenses in the first few years,but by year 4,the company was doing well and had a large base of steady customers.Both Bob and Karin work long hours at the spa and work at marketing and operational tasks.Last week,Bob had an offer from a New York entity to build a luxury spa in Upstate New York and was offered a huge salary.Bob is going to take the offer.Describe the legal protections that could keep Karin from assuming all the work while Bob continues to gain benefit of the company's growth.

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Question 10

Steve works for a cement company as an IT contractor.The company does not ask Steve to sign a nondisclosure agreement,but Steve has full access to the company databases and documents.Steve also attends meetings during which a new,fast-drying,and injectable product is openly discussed.A year later,Steve reveals the formula to a competing company and is scheduled to receive royalties.Discuss the legal and ethical issues involved in this action.

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The answer of Steve works for a cement company as...

Question 11

Protecting intellectual property is of growing concern to today's modern entrepreneur.Briefly describe why this is so.

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Quiz 14: Navigating Legal and Ip Issues