LSB 3213 John Holden Oklahoma State Exam 3 Practice Questions and Answers
2 views 0 purchase
Course
LSB 3213
Institution
LSB 3213
LSB 3213 John Holden Oklahoma State
Exam 3 Practice Questions and Answers
All of the following are methods that a sole proprietorship can raise money
except
A) Private loans.
B) Commercial loans.
C) Sell ownership in the business.
D) Line of credit - Answer️️ -Sell ownership in the busin...
Josh is a sole proprietor of an ice cream shop. Regina, a customer, slips and
fall on some
melted mint chocolate chip ice cream on the floor and breaks her leg.
Regina files suit and wins a
judgment of $50,000. Josh does not have any insurance and the total value
of the assets of the ice
cream shop is $10,000. Which statement below is correct?
A) Josh will not be required to pay anything because he does not have
insurance.
B) Josh will have to pay $10,000 and then set up a payment plan to pay off
the balance.
C) Josh will have to use his own personal assets to pay the remainder of the
judgment.
3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
