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mgmt exam 4
Terms in this set (44)
Texas Homestead exemption - Urban
land used for a home for family or a single adult. 10 acres and all the improvements theron.
Texas Homestead exemption - rural
family can choose 200 acres, can be in more than one parcel, debtor designates the exempt property
Texas personal property exemptions
extenisve property. family up to 100k and single adult up to 50k
What are the required disclosures under TILA and who does it apply to?
applies to personal items, family needs, household purposes. ?
What restrictions are placed on debt collectors by the Fair Debt Collection Practices Act?
when they can contact debtor, how they conduct themselves, requires creditors intial notice
what are the applications of the Fair Debt Collection Practices Act
for employment purposes of the consumer, response to a court order or subpoena, other legitimate business purposes.
What are the required disclosures of the consumer leasing act?
a brieft identification, the amount of payment by the lessee required at the inception, other required statements and descriptions
what are the main interests of a secured creditor?
owns a security intrest
How do you become a secured creditor?
what are liens and how are they created?
gives rights to a lienholder but does not require a written security agreement. can arise from common and statutory law
different types of liens
artisans lien, workers lien, landlords lien, contractors lien
How do you execute a lien and how does texas limit this in garnishment?
must foreclose on the property and then need an attachment. in texas you can't garnish your wages
What is the CCPA
consumer credit protection act, makes use of credit more uniform
What can a prospective debtor be asked under equal credit opportunity act?
marital status, alimony, child support, gender, plan for kids, race, religion
How does this change in texas due to community property law
what is the application of the EFTA
Provide a basic framework establishing the rights, liabilities, and responsibilities of participants in the electronic transfer systems
What is a PMSI
Purchase Money Security Interest that enables the debtor purchase the goods and applies to CONSUMER GOODS ONLY.
Federal consumer credit laws?
CCPA, TILA, FDCPA, FCRA, ECOA, CROA, EFTA,
How does the EPA determine NAAQS?
based on given pollutons and is state enforced, continously updated
What type of pollution control devices have to be installed under the clean air act? Clean water act?
reasonable available control technology and best availabl
What causes acid rain? What law covers acid rain?
polluted rain, clean air act
What are the major areas of concern of each of the Federal Environmental Laws?
point sources of water pollution, thermal pollution, wetlands, oceans, oil spills, drinking water
who enforeces the federal environmental laws and what are the penalties?
EPA, 50k a day and or 2 years of prison
What are the future areas of concern in Environmental Laws?
indoor air pollution
What are the most hated of the Environmental Laws
endangered species act
What led to the passage of each of the Environmental Laws?
What are NAAQSs? SIP? AQCRs? Attainment Areas and Non-attainment Areas?
SIP - State implementation plan
AQCRs - air quality control regions
areas that do not meet the EPA standards are designated as non-attainment
How do the major areas of the world contribute to the World's economy?
EU - 25.2
U.S. - 21.4
China - 10.4
Japan - 8.1
Why is the time-period between WWI and WWII so important to the reaction to the end of WWII? What did it lead to?
lead to the improvement and raise of countries that were not as powerful
What is/was GATT? Major provisions? Major successes?
general agreement on tariffs and trade
major factor in reducing import tariffs
reduced trade barriers
Wat is the WTO? Major provisions? Major successes?
world trade organization
successor to GATT
alot stronger than GATT
How does the exchange rate system operate?
operated by supply and demand
What are the major types of International Business?
free trade areas, custom unions, common market, economic union,
What are the major types of government-imposed restrictions on International Business? Trade Barriers.
GATT and WTO
What are the types of Regional Trading Blocs?
free trade areas, customs union, common market, economic union,
History of NAFTA. Members? Exemptions from NAFTA?
started in 1990 between US, Canada, Mexico.
exemptions include mexico's gas industry, canada's culture industry, and US's broadcastinga & transportation firms
History of the EU. Members?
started in 1957 with the treaty of Rome and evolved into 28 members except for norway and switzerland.
Compare Import Substitution Growth and Export Promotion Growth.
export promotion- looking outward and seeing trade barriers
import substitutions - looking inward but still paying outward
What is a screwdriver plant?
where a foreign non member makes something in its home country, ships it to member nation pre-assembled where only one screw needs to be put in to make it "made in"
Compare FDI and FPI.
FDI: long term, physical assets,
FPI: short term, financial assets, only capital inflows
What is the Bretton Woods Agreement?
construct a post-war international economic enviroment that would promote peace and prosperity. created two international orgainzations, IBRD & IMF
What is the Law of One Price
economic theory which states that the price of identical goods in various markets must be the same after taking into consideration the currency exchange
What were the 4 Tigers?
hong kong, singapore, south korea, and taiwan
What are NQNTBs?
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