BUSI 355 Chapter 11-14 MCQs

Jul 28th, 2016
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1) To protect against lawsuits brought by anyone injured by your product, you will need to buy ________. A) casualty insurance B) business insurance C) liability insurance 2) Which is not a potential penalty for breaking a contract? A) A court may order you to pay damages to the other party who signed the contract. B) You may be sued in a court of law by the other party who signed the contract. C) You may lose a share of the ownership of your business to the other party who signed the contract. 3) ________ are the building blocks of business. A) Personal relationships B) Contracts C) Letters of agreements 4) The form of protection offered under U.S. law to the authors of "original works of authorship" is a(n) ________. A) patent. B) electronic right. C) copyright. 5) A good contract will spell out ________, or unforeseeable "acts of God" beyond anyone's control, for which neither party is responsible. A) amendments B) liabilities C) contingencies 6) In a

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BUSI 355 Chapter 11-14 MCQs1) To protect against lawsuits brought by anyone injured by your product, you will need to buy________.A) casualty insuranceB) business insuranceC) liability insurance2) Which is not a potential penalty for breaking a contract?A) A court may order you to pay damages to the other party who signed the contract.B) You may be sued in a court of law by the other party who signed the contract.C) You may lose a share of the ownership of your business to the other party who signed thecontract.3) ________ are the building blocks of business.A) Personal relationshipsB) ContractsC) Letters of agreements4) The form of protection offered under U.S. law to the authors of "original works of authorship"isa(n) ________.A) patent.B) electronic right.C) copyright.5) A good contract will spell out ________, or unforeseeable "acts of God" beyond anyone'scontrol, for which neither party is responsible.A) amendmentsB) liabilitiesC) contingencies6) In a corporation, all profits go to ________.A) the stockholders as salariesB) the owners and the shareholdersC) reduce the surplusD) the partners according to the terms of the agreement7) Every corporation is recognized and treated under the law as ________.A) an entity, much like a person, that has expenses and earningsB) a large businessC) a small businessD) if it were its owners and employees8) Obtain a trademark in order to ________.A) protect your logoB) protect all your intellectual

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