Self Check Chapter 5

Self Check Chapter 5 - Self-Check Flash Cards Chapter 5...

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Self-Check “Flash Cards” Chapter 5 Social, Ethical, and Legal Responsibilities of Management
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Self Check Flash Cards Each slide will present a term, concept, or question. Formulate a mental response (answer). In 7 seconds a correct response will appear. Check your answer. Click the “right” arrow to proceed to the next slide.
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McGraw-Hill/Irwin 1. What are the six areas of law that affect business organizations? Six important areas of law affect business operations: corporate law, tax law, intellectual property law, consumer law, commercial law, and licensing and zoning law.
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McGraw-Hill/Irwin 2. Explain the laws regulating the three kinds of business entities or ownership. Sole proprietors that set up businesses must check with state and local officials about licenses, zoning regulations, and other requirements. Sole proprietors have full financial responsibility for the business. Partnerships
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This note was uploaded on 06/15/2010 for the course MG 352DLB taught by Professor Joibascomb during the Spring '10 term at Park.

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Self Check Chapter 5 - Self-Check Flash Cards Chapter 5...

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