IAB Business Law & Ethics 5

Question 1

The Americans with Disabilities Act (ADA) requires employers with 15 or more employees to:

Accepted Answer

Provide reasonable accommodations to qualified individuals with disabilities

Answer

The ADA requires covered employers to provide reasonable accommodations to qualified individuals with disabilities unless doing so would cause undue hardship.

Question 2

In a Chapter 7 bankruptcy, which type of debt is generally NOT dischargeable?

Accepted Answer

Student loans (in most cases)

Answer

Student loans are generally non-dischargeable in bankruptcy unless the debtor can prove undue hardship, which courts apply very strictly.

Question 3

The ethical principle of 'confidentiality' for a bookkeeper means:

Accepted Answer

Protecting client financial information from unauthorized disclosure

Answer

Confidentiality requires bookkeepers to safeguard sensitive client and employer financial information and not disclose it without proper authorization or legal obligation.

Question 4

A 'non-compete agreement' is a contract in which an employee agrees to:

Accepted Answer

Refrain from working for competitors or starting a competing business for a defined period after employment ends

Answer

Non-compete agreements restrict former employees from working in competing roles or starting competing businesses within a specific geographic area and time frame.

Question 5

Under the principle of 'respondeat superior,' an employer can be held liable for an employee's wrongful act if:

Accepted Answer

The employee was acting within the scope of their employment

Answer

Respondeat superior ('let the master answer') holds employers vicariously liable for torts committed by employees while acting within the scope of their employment.

(IAB) International Association of Bookkeepers Certification Practice Test

(IAB) International Association of Bookkeepers Certification Practice Test

IAB Business Law & Ethics 5