Business and Employment Law Quiz

Has one general partner who is fully responsible for the business and then another partner/s who are passive and do not participate in day-to-day functions of running the business.

• Limited Partnership

• Corporation

• Franchise

• Partnership

The rules of conduct that state how people should or shouldn’t behave in society to keep stability and justice.

• Laws

• Ethics

• Contract

• Liability

A person to which the offer is made.

• Offeree

• Offeror

• Franchisee

• Prosecutor

An institution set up by the government that interprets the law, in order to settle disputes.

• Court

• Law

• Corporation

• Contract

Being legally responsible for something.

• Liability

• Ethics

• Civil Law

• Franchise

Brings charges to the person accused of breaking the law and committing a crime.

• Prosecution

• Defendant

• Lawyer

• Plaintiff

A type of business ownership with single or multiple owners, taxed like a corporation.

• Limited Liability Company

• Sole Proprietorship

• Partnership

• Corporation

Many owners who elect a board and do not dissolve when ownership changes.

• Corporation

• LLC

• Franchise

• Partnership

Makes sure a person is liable for damage and injuries to a person or property.

• Torts

• Debt

• Criminal Law

• Laws

A business owned by one person.

• Sole Proprietorship

• Franchise

• Partnership

• LLC