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Question
Which of the following is a formal dispute resolution method that operates using the court system, typically with a lawyer representing each party?A. Litigation
B. Arbitration
C. Mediation
D. Possession
Answer
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A. Service Contract Act
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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?
A. These courts will only accept cases where the stakes are as large as $50,000 or above.
B. Most of these courts are designed so that ordinary citizens can bring their cases in.
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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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The name of a business can be called its doing business as (dba) name.
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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.
D. A trademark is not an exclusive right to its creator.
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_____ repay employers for losses caused by dishonest or negligent employees.
A. Credit insurance
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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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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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A. asset liability
B. adverse possession
C. separation of duties
D. separation of liabilities