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Question
What are the different techniques used by a business to increase cash inflow and decrease cash outflow?Answer
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On-the-job techniques include orientations, job instruction training, lectures, and case studies.
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Off-the-job training is delivered to employees while they perform their regular jobs.
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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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When using a(n) _____, the attorney will be paid a specified amount every month regardless of the workload for that month.
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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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All business contracts have to be in writing to be enforceable.
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In a professional corporation, the shareholders are responsible for debts of the corporation.
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The name of a business can be called its doing business as (dba) name.
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Contingency fees are a fixed amount paid for a certain task.
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Describe the advantages and disadvantages of a sole proprietorship.
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Which of the following statements is true regarding a trademark?
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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The Nike "swoosh" is an example of a _____.A. trade secretB. copyrightC. trademarkD. patent
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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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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
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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.
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A type of internal control that separates the physical control of an asset from the person accounting for that asset is called _____.
A. asset liability
B. adverse possession
C. separation of duties
D. separation of liabilities