Entr.
Flashcard
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Other
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9th Grade
•
Practice Problem
•
Hard
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100 questions
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1.
FLASHCARD QUESTION
Front
Which of the following statements is true of legally binding contracts:
They are not valid unless written.
They are enforceable for legal and illegal acts.
Breaking one results in a lawsuit and possibly jail time.
They clearly outline both sides of an agreement.
Back
They clearly outline both sides of an agreement.
2.
FLASHCARD QUESTION
Front
What type of business ownership is recommended for John, who wants to limit his liability and does not have time to participate in day-to-day operations? Options: Close corporation, Open corporation, Sole proprietorship, General partnership
Back
General partnership
3.
FLASHCARD QUESTION
Front
Why should partnerships develop a formal written agreement?
Back
To prevent future problems
4.
FLASHCARD QUESTION
Front
Torts relating to misrepresented facts about a business's goods or services may be subject to a lawsuit on the basis of
Back
defamation.
5.
FLASHCARD QUESTION
Front
Channel members add value to a product by
Back
performing certain channel activities expertly.
6.
FLASHCARD QUESTION
Front
Which of the following is an example of an industrial user: A family buying weekly groceries, A construction company buying wood, A college student buying school supplies, An individual purchasing toothpaste
Back
A construction company buying wood
7.
FLASHCARD QUESTION
Front
A manufacturer of dishwashing soap has just invented a new type of soap that cleans better. The manufacturer should choose to distribute the soap through _________ distribution.
Back
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