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Question
Interacting with others in order to build relationships useful to a business refers to _____.A. networking
B. moonlighting
C. brainstorming
D. bootstrapping
Answer
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A(n) _____ refers to a contract among LLC members outlining how the LLC will conduct itself.
A. operating agreement
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Which of the following is true regarding a small-claims court?
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By agreeing to an exculpatory clause in a contract, one party is agreeing not to hold the other responsible for his or her actions.
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A. A trademark can sometimes also function as a service mark.
B. A trademark once granted lasts for 25 years.
C. A trademark can only be renewed every 5 years.
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A. life insurance
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_____ repay employers for losses caused by dishonest or negligent employees.
A. Credit insurance
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C. Surety bonds
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D. the amount of fees that a business has to pay to an insurance company.
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A contract between two or more parties in which one party agrees, for a fee, to assume the risk of another is called _____.
A. coverage
B. insurance
C. separation of duties
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Which of the following statements is true regarding the OSHA Act?
A. It covers employees in mining, transportation, and state and local governments.
B. OSHA offers consultation services to employers for a fee.
C. It requires businesses to report any accidents that result in a fatality or in the hospitalization of three or more employees within 24 hours.
D. OSHA-defined "low-hazard" industries are exempt from the record keeping requirements of the regulations.
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C. separation of duties
D. separation of liabilities