Introduction to Business Review #1

You will need COBRA for...

• short term car insurance
• short term medical insurance
• short term life insurance
• none of the above

You use COBRA when...

• You have a baby
• You retire
• You get laid off from work
• all of the above

What is COBRA?

• snake
• type of insurance
• business activity
• none of the above

What type of law encourages people to act responsibly?

• tort
• contract law
• negligence
• none of the above

The unlawful taking of property entrusted to you is...

• embezzlement
• fraud
• larceny
• none of the above

An intentional, deception, made for personal gain is

• embezzlement
• fraud
• larceny
• blackmail

What age must you be for a contract to be legal?

• 16
• 18
• 21
• 22

If a contract is over ___ in value, it must be a written contract to be valid.

• $500
• $1000
• $1500
• $2000

A contract to deal only with each other is called...

• trademark
• contract exclusivity
• intellectual property
• none of the above

What protects creative works, such as, music and movies?

• trademark
• patent
• copyright
• all of the above