Nascla business law - Study guides, Class notes & Summaries
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NASCLA Business Law and Management EXAM SC Questions And Answers
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NASCLA Business Law and Management EXAM SC Questions And Answers 
 
 
 
Sole Proprietorship - ANS a business owned and managed by a single individual 
Simplest form to set up 
unlimited Liability 
 
Partnerships - ANS Business organizations in which two or more persons share responsibilities, costs, profits, and losses. 
 
C Corporations - ANS Corporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapter S tax treatme...
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NASCLA Business Law And Managment Exam Sc Final
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NASCLA Business Law And Managment 
Exam Sc Final 
Sole Proprietorship - CORRECT ANSWER-a business owned and managed by a single 
individual 
Simplest form to set up 
unlimited Liability 
Partnerships - CORRECT ANSWER-Business organizations in which two or more 
persons share responsibilities, costs, profits, and losses. 
C Corporations - CORRECT ANSWER-Corporations that have no restrictions on who 
owns their shares or the number of shareholders; they cannot qualify for subchapter S 
tax tr...
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NASCLA Business Law and Management Exam Questions With 100% Correct Answers | Latest Update 2024/2025 | Rated A+
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Sole Proprietorship - Correct Answer-a business owned and 
managed by a single individual 
Simplest form to set up 
unlimited Liability 
Partnerships - Correct Answer-Business organizations in which 
two or more persons share responsibilities, costs, profits, and 
losses. 
C Corporations - Correct Answer-Corporations that have no 
restrictions on who owns their shares or the number of 
shareholders; they cannot qualify for subchapter S tax 
treatment and are subject to direct taxation 
S corpora...
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NASCLA Business Law A+ Graded Questions And Correct Answers
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When a business is purchased by a new owner, what happens in regards to the 
"EIN"?A new EIN is required 
Alabama Business Law & Project Management Residential (4th) - This question is not in the 
book, but can show up on your exam. 
What is the difference between mediation and arbitration?With mediation the two 
disputing parties themselves set the conditions of any agreement with the help of a mediator. 
Arbitration involves a third party that will render the decision by which all parti...
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NASCLA BUSINESS LAW EXAM QUESTIONS AND ANSWERS
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NASCLA BUSINESS LAW EXAM 
QUESTIONS AND ANSWERS 
sole proprietor - Answer- A form of business ownership is least regulated 
partnership - Answer- Under which form of business organization are all investors fully 
liable for all debts of the business. 
S corporation - Answer- owner who is looking for maximum protection from personal 
liability 
leaving something out - Answer- worst possible error in estimating 
source documents - Answer- the paperwork related to purchase order, credit card 
recei...
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NASCLA Business Law and Management Exam Sc, 107 Questions With 100% Correct Answers 2024. With Complete Solution.
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NASCLA Business Law and Management Exam Sc, 107 Questions With 100% Correct Answers 2024. With Complete Solution. 
 
Sole Proprietorship 
a business owned and managed by a single individual 
Simplest form to set up 
unlimited Liability 
Partnerships 
Business organizations in which two or more persons share responsibilities, costs, profits, and losses. 
C Corporations 
Corporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapte...
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NASCLA BUSINESS LAW questions with correct answers
- Exam (elaborations) • 16 pages • 2023
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sole proprietor CORRECT ANSWER A form of business ownership is least regulated 
 
partnership CORRECT ANSWER Under which form of business organization are all investors fully liable for all debts of the business. 
 
S corporation CORRECT ANSWER owner who is looking for maximum protection from personal liability 
 
leaving something out CORRECT ANSWER worst possible error in estimating 
 
source documents CORRECT ANSWER the paperwork related to purchase order, credit card receipts and so on... 
 ...
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NASCLA Business Law and Managment EXAM SC
- Exam (elaborations) • 10 pages • 2024
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NASCLA Business Law and Managment 
EXAM SC 
Sole Proprietorship - answera business owned and managed by a single individual 
Simplest form to set up 
unlimited Liability 
Partnerships - answerBusiness organizations in which two or more persons share 
responsibilities, costs, profits, and losses. 
C Corporations - answerCorporations that have no restrictions on who owns their shares or 
the number of shareholders; they cannot qualify for subchapter S tax treatment and are subject 
to direct taxat...
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NASCLA BUSINESS LAW 128 QUESTIONS WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 13 pages • 2024
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sole proprietor - ️️A form of business ownership is least regulated 
 
partnership - ️️Under which form of business organization are all investors fully liable for all debts of the business. 
 
S corporation - ️️owner who is looking for maximum protection from personal liability 
 
leaving something out - ️️worst possible error in estimating 
 
source documents - ️️the paperwork related to purchase order, credit card receipts and so on... 
 
Income Statement - ️️A financi...
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NASCLA BUSINESS LAW || with A+ Guaranteed Solutions.
- Exam (elaborations) • 9 pages • 2024
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sole proprietor correct answers A form of business ownership is least regulated 
 
partnership correct answers Under which form of business organization are all investors fully liable for all debts of the business. 
 
S corporation correct answers owner who is looking for maximum protection from personal liability 
 
leaving something out correct answers worst possible error in estimating 
 
source documents correct answers the paperwork related to purchase order, credit card receipts and so on....
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