Limited liability mean - Study guides, Class notes & Summaries

Business Law Fundamentals Exam with Verified Answers 2024/2025 Concepts |Graded A+| why do legal systems evolve? to encourage and promote stability and order define law a body of enforceable rules which govern relationships among and between individuals and society What is the primary distinction between civil law and criminal law in a business context? Civil law deals with disputes between individuals or organizations, while criminal law involves offenses against the state. define...

TEST BANK FOR CLAYTON’S BASIC PHARMACOLOGY FOR NURSES 18TH Edition by Willihnganz Chapter 1: Drug Definitions, Standards, and Information Sources Test Bank MULTIPLE CHOICE 1. What is the name under which a drug is listed by the U.S. Food and Drug Administration (FDA)? a. Brand b. Nonproprietary c. Official d. Trademark ANS: C The official name is the name under which a drug is listed by the FDA. The brand name, or trademark, is the name given to a drug by its manufacturer. The nonproprietary, ...

AUE2602 ASSIGNMENT 1 PREP 2024 SEMESTER 2 1.1 Background of Corporate Governance in South Africa INTRODUCTION The Industrial Revolution began in Britain in the 18th century from 1760 to 1840 and from there spread to other parts of the world ( Industrial Revolution businesses grew from entities owned and managed by the same person into large organisations in which the owners (shareholders) and management (executive directors) were separate parties. Currently in most countries, the shar...

WGU D432 Study Guide for Objective Assessment 2nd Attempt Already Passed Most Common type of business entity Sole Proprietorship Where can a Corporation be sued? Place of incorporation and primary place of business What are 3 components of corporations? Stockholders, Directors, and Officers What is the role of Board of Directors? Set goals, hire officers, oversee operations and finances What are some advantages of Corporations? Limited liability from owners, ease of transfer...

CPCE Study Guide 1945 Questions with Answers 2023 The Sensorimotor period is part of whose developmental stage theory? - CORRECT ANSWER Piaget Presenting stimuli in different sequences to reduce "order of presentation" influences in an experiment is called: - CORRECT ANSWER Counterbalancing The Eskimo word "piblokto" refers to "arctic hysteria," characterized by uncontrolled screaming and crying that is often accopanied by running through the snow naked. This is an example of wh...

What type of risk is unique to a specific industry, business enterprise, or investment type? - ANSWER-Nonsystematic risk Under which of the following circumstances is an investor in a position to acquire stock? - ANSWER-Buy a call, sell a call (The holder of a call has the right to buy stock at the strike price if exercised. The seller of a put is obligated to buy stock at the strike price if exercised) Options- a premium - ANSWER-the cost of an option contract, expressed in dollars per sh...

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address What is the cost of the indi...

Jurisprudence IUSD 202Which practice association is the easiest and least expensive to form and why? -ANSWER *The Sole Proprietorship* is the simplest form of business organization and, therefore, the least expensive to maintain. There are normally no formalities required to begin What is a Certificate of Assumed Business Name and how does it pertain to a dental practice? -ANSWER A *Certificate of assumed business Name* is a state form used to identify your business. Does a sole proprietor...

ETS Major Field Test (Practice Test): Bachelor's Degree in Business. The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real cost than could be obtained in the home country? a) Market-seeking FDI b) Efficiency-seeking FDI c) Resource-seeking FDI d) Strategic asset-seeking FDI Under the Uniform Comm...

NALA Paralegal Exam Questions and Answers 100% Pass For federal tax purposes, the default tax classification of a limited liability company that has 1 member is: -Answer-Disregarded Entity Informed consent involves: -Answer-The duty of a medical doctor to disclose to the patient relevant information about the benefits and risks of the proposed treatment. Rob Miller is married to Laura Miller. They are approaching their late 40's and Rob decides they should have an estate plan. Rob goes t...