Peregrine Practice Exam (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct

Peregrine Practice Exam (Latest 2023/ 2024

Update) Questions and Verified Answers|

100% Correct

Q: the law of demand states

Answer:

That the quantity of a good demanded falls as the price rises, and vice versa.

Q: foreign direct investment (fdi) and trade - government tactics that include removing

incentives

Answer:

Advance their own interests, those of the organization, or those of some other group

Q: external networks

Answer:

Allows users of all types access. Besides the internet, an example would include a network that

allows customers to connect to x company to place orders.

Q: internal networks

Answer:

Called an intranet, is one which is restricted to a defined set of users. An example would be a

network accessed only by the employees of a specific company.

Q: a suit for negligence must prove four elements: duty of care, breach of duty, proximate cause

and

Answer:

Actual harm

Q: 'liable' means

Answer:

"responsible or answerable in law; legally obligated." legal liability concerns both civil law and

criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines

given by government agencies. The claimant is the one who seeks to establish, or prove, liability.

Q: tort law elements is a

Answer:

Duty, breach of duty, causation, and injury. In order to claim damages, there must be a breach in

the duty of the defendant towards the plaintiff, which results in an injury. The three main types

of torts are negligence, strict liability (product liability), and intentional torts

Q: financial regulations are

Answer:

A form of regulation or supervision, which subjects financial institutions to certain requirements,

restrictions and guidelines, aiming to maintain the integrity of the financial system. This may be

handled by either a government or non-government organization.

Q: consumer protection

Answer:

Stops unfair, deceptive and fraudulent business practices by collecting complaints and

conducting investigations, suing companies and people that break the law, developing rules to

maintain a fair marketplace, and educating consumers and businesses about their rights and

responsibilities.

Q: what are the six basic rights

Answer:

The right to be heard, informed, consumer education, courteous service, safety, to choose

Q: title vii of the civil rights act of 1964:

Answer:

This law makes it illegal to discriminate against someone on the basis of race, color, religion,

national origin, or sex. The law also makes it illegal to retaliate against a person because the

person complained about discrimination, filed a charge of discrimination, or participated in an

employment discrimination investigation or lawsuit. The law also requires that employers

reasonably accommodate applicants' and employees' sincerely held religious practices, unless

doing so would impose an undue hardship on the operation of the employer's business.

Q: the pregnancy discrimination act

Answer:

This law amended title vii to make it illegal to discriminate against a woman because of

pregnancy, childbirth, or a medical condition related to pregnancy or childbirth. The law also

makes it illegal to retaliate against a person because the person complained about discrimination,

filed a charge of discrimination, or participated in an employment discrimination investigation or

lawsuit.

Q: the equal pay act of 1963 (epa)

Answer:

This law makes it illegal to pay different wages to men and women if they perform equal work in

the same workplace. The law also makes it illegal to retaliate against a person because the person