QUIZ 18 - corporation Question 10 (1 point) Which of the...

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Question 1 (1 point) The United States is one of the most litigious societies in the world. True Question 2 (1 point) Small claims court will accept cases where the stakes are as high as $50,000. False Question 3 (1 point) The name under which a business is operated is called a public name. False Question 4 (1 point) An advantage of a sole proprietorship is limited liability. False Question 5 (1 point) The Sarbanes-Oxley Act is a federal law describing the steps publicly traded businesses must take to protect and provide their key financial information. True Question 6 (1 point) A/an ______________ is a fee paid by a client to an attorney to engage the attorney's services. Question 6 options: retainer Question 7 (1 point) What are some other names for a trade name? assumed name or doing business as (dba) Question 8 (1 point) All of the following are advantages of partnerships except __________________. limited life Question 9 (1 point) Which of the following forms of legal organization incurs double taxation?
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Unformatted text preview: corporation Question 10 (1 point) Which of the following is not included in the steps needed to negotiate a winning solution for you and the other party? practice Question 11 (1 point) According to the IRS, to be an independent contractor a person must exhibit all of the following characteristics except __________________________. societal Question 12 (1 point) Part of a contract in which a party intentionally gives up legal rights or claims is called what? waiver Question 13 (1 point) Patents, trade secrets, trademarks, and copyrights are all types of what? intellectual property Question 14 (1 point) A/an ____________ patent is a 14-year patent for a new, original, and ornamental design for an article of manufacture. design Question 15 (1 point) All of the following are steps to protect trade secrets except _______________. arbitration...
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This note was uploaded on 06/29/2011 for the course BUS 350 taught by Professor Na during the Spring '11 term at American River.

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QUIZ 18 - corporation Question 10 (1 point) Which of the...

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