Which ethical principle asks you to assume that virtually all tangible and intangible objects are owned by someone else unless there is a specific declaration otherwise?

A. the Golden Rule
B. the Slippery Slope
C. the Social Contract Rule
D. No Free Lunch


Answer: D

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Indicate whether the statement is true or false

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The Fair Debt Collection Practices Act (FDCPA) applies to retail stores, banks and businesses that collect their own debts in their own names.

Answer the following statement true (T) or false (F)

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A tort in which the violation of a statute or an ordinance constitutes the breach of the duty of care is ________.

A. negligence per se B. res ipsa loquitur C. strict liability D. proximate cause

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a. Dodd-Frank will bring about a multi-tier system of banks in which the larger banks are highly regulated but the smaller community banks are not. b. Dodd-Frank created the Financial Stability Oversight Council. c. Dodd-Frank significantly curtailed certain powers of the Federal Reserve Board. d. Dodd-Frank consolidated the Securities and Exchange Commission and the Commodity Futures Trading Commission into one agency.

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