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Question
Patents and trade secrets are examples of:A. employee stock option plans.
B. heuristics.
C. franchising.
D. intangibles.
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 of a limited liability company (LLC)?
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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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Describe the advantages and disadvantages of a sole proprietorship.
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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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_____ repay employers for losses caused by dishonest or negligent employees.
A. Credit insurance
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C. the value of the historical significance of a building.
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
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A. It covers employees in mining, transportation, and state and local governments.
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D. OSHA-defined "low-hazard" industries are exempt from the record keeping requirements of the regulations.
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D. separation of liabilities