FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 18: Legal Issues: Recognizing Your Small Business Needs

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 51

True/False

Review LaterAdd Note

Review Later

A trade secret is not created by the government.

Correct Answer

verified

Show Answer

Question 52

True/False

Review LaterAdd Note

Review Later

If you want to ensure control over the selling process,make it very clear on the Web site that the representations of merchandise or services are not actual offers to the buyer.

Correct Answer

verified

Show Answer

Question 53

Multiple Choice

Review LaterAdd Note

_____ is the filing made with a state in which the business operates disclosing the trade name or assumed name of the business along with the owners of the business.

Hold harmless agreements is otherwise known as

This type of fee is typical in accident situations,but is not usually used in everyday contract and business-related matters.

Which form of business requires no government permission to set up?

Responsibility for the actions of another is called

The person being sued is referred to as a

The name of your business can be called its doing business as (dba)name.

Which of these is NOT an element to most aspects of business law?

Small-claims courts work only when you are owed money,can prove it,and have exhausted other procedures like calls and letters to the customer.

The party who files a law suit is called a

Describe the four ways attorneys typically charge.How can you get a better price from an attorney?

Of the newer business forms,the easiest to form and the most user-friendly is the

Design-an-Ad Debbie is a marketing and graphic arts major at ABC University and is exploring the idea of starting her own business, "Design-an-Ad". She has several options that she is considering—going alone into business, joining with two other friends or her brother David. Where she needs help is in determining the form of business she should consider. -Debbie speaks with a lawyer,Mr.Hutchinson,for help with the business form paperwork.Mr.Hutchinson indicated that he will charge a fixed amount for handling the paperwork once Debbie has decided on the form.Mr.Hutchinson's method of billing is called

Identify this federal law that describes the steps publicly traded businesses must take to protect and provide their key financial information.

Which of the following dispute resolution methods favors those with more money for legal help?

)Differentiate between single taxation,double taxation,pass through (taxation),and check the box taxation.

In the case of a professional corporation,the shareholders are responsible for debts of the corporation.

This is a choice LLCs can make on their tax returns to be taxed as a corporation or a partnership.