Business Law Final Exam Review

Front

Corporations

Back

Limited liability, separate legal entity

Front

Partnerships

Back

Shared ownership and liability

Front

Sole Proprietorships

Back

Single owner, unlimited liability

Front

LLCs

Back

Hybrid structure combining corporate and partnership benefits

Front

FLSA Requirements

Back

Minimum wage standards, overtime regulations, working hours limitations

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Discrimination Laws

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Protected classes, EEOC filing procedures, workplace accommodations

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Requirements for Validity of Negotiable Instruments

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Written instrument, unconditional promise, specific amount, payable on demand or at specific time

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Insurance Essentials Coverage Types

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General liability, workers' compensation, professional liability, property insurance

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Customer Satisfaction Key Metrics

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Response time, product quality, service reliability, customer feedback

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Customer Satisfaction Measurement Tools

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Surveys, focus groups, customer reviews, Net Promoter Score (NPS)