Sole proprietorship law - Study guides, Class notes & Summaries

line authority position is characterized by Decision making vested in the supervisor An example of line authority is Administrator Major schools of thought regarding source of authority are formal and subordinate acceptance The scope of authority in the operation of the nursing facility is greatest at which level Ownership Ultimate authority in a private corporate nursing facility is with the Board of directors Managerial authority is power to command, is...

Contemporary Canadian Business Law 12Ed. By John A Willes, John H Willes -Complete, Elaborated and Latest - Test Bank & Solutions Manual MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A sophisticated client A) does not require the services of a lawyer. B) is someone with formal legal training. C) distrusts and derides lawyers. D) understands the importance of the solicitor-client relationship. E) should represent themselves, rather than...

Michigan Builders Business/Law/Accounting Exam Questions and Answers 100% Solved Verification Form I-9 must be completed by applicants providing proof of identity and employment eligibility within ______ of employment. ️️3 days What type of business is the easiest to establish and allows the owner to determine how profits are used although they are personally liable for all debt and assets? ️️Sole Proprietorship A ______is a joint co-owner partnership established to specifical...

sole proprietorship - business owned and operated by one person unlimited liability - legal exposure in which an owner of a business is personally liable for all of the debts and obligations of the business what is the most popular form of business organization in the US? - sole proprietorship sole proprietorship advantages - -easily established -no partners or shareholders -only pay taxes on income generated -all after tax profit stays with the owner -minimal government regulation sole...

MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU Questions and Answers 100% Pass 3 types of business ownership - Correct Answer ️️ -- sole propreitorship - partnership - corporation sole proprietorships - Correct Answer ️️ -- businesses owned by one individual - the most common form of business organization in the United States - easiest and least expensive form of business to start - ex: tutoring/bookkeeping/landscaping etc... sole proprietorship advantages - Correct Answer ️️...

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...

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers Entrepreneur One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Sole Proprietorship The simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. Sole Proprietorship in TX You can establish without fi...

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Entrepreneur The simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. Sole Proprietorship You can establish without filing any legal documents. ...

BUSINESS C233 | WGU EMPLOYMENT LAW EXAM – C233 Under respondent superior doctrine, an employer is only responsible for the employee action performed within the: a.Reasonable person standard b. Duration of employment c. Realm of reasonable actions d. Scope of employment - Scope of Employment Which of the following is not an element of a prima facie discrimination case for gender discrimination? a. The employee is qualified for the position b.The employee suffers some adverse employment acti...

BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated) Sole Proprietorship Simplest business form; owner is the business. Owner reports business income on personal income tax return and is legally responsible for all debts and obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. Sole Proprietorship Advantages •Owner receives all profits; pays only personal taxes •Easy to create; less costly •Flexible decision making Sole Proprie...