Busi law - Study guides, Class notes & Summaries
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LML4806 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 17 MAY 2024 - DETAILED ANSWERS - DISTINCTION GUARANTEED!
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LML4806 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 17 MAY 2024 - DETAILED ANSWERS - DISTINCTION GUARANTEED! 
 
QUESTION 1 [20] 
1.1 According to Milton Friedman, 
“there is one and only one social responsibility of business – to 
use its resources and engage in activities designed to increase its profits…” 
With reference to the principle of corporate social responsibility, discuss the meaning of 
corporate social responsibility and whether you agree with Milton Fr...
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LML4806 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 17 MAY 2024 (DETAILED ANSWERS WITH FOOTNOTES AND BIBLIOGRAPHY - DISTINCTION GUARANTEED!)
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LML4806 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 17 MAY 2024 (DETAILED ANSWERS WITH FOOTNOTES AND BIBLIOGRAPHY - DISTINCTION GUARANTEED!) 
 
QUESTION 1 [20] 
1.1 According to Milton Friedman, 
“there is one and only one social responsibility of business – to 
use its resources and engage in activities designed to increase its profits…” 
With reference to the principle of corporate social responsibility, discuss the meaning of 
corporate social responsibility and...
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Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 fully solved
- Exam (elaborations) • 11 pages • 2024
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Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 fully solvedPrincipals - correct answer Owners Busi Entity 
 
When choosing a business entity, what 5 things should be considered? What starts a business - correct answer Formation 
Liability 
Cap 
Tax 
Mangagment/ Operation 
 
Sole Proprietorship - correct answer Easy formation 
Minimal fee 
No annual fillings 
straight forward filing 
CAP- loan secured by personal assets 
trade name vs. individual names 
con- lack of protection 
 
What i...
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BUSI LAW - EXAM 1 UPDATED ACTUAL Exam Questions and CORRECT Answers
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BUSI LAW - EXAM 1 UPDATED 
ACTUAL Exam Questions and CORRECT 
Answers 
The study of business law does not involve ethical dimension. True or false? - CORRECT 
ANSWER- False 
A state constitution is a primary source of law. True or false? - CORRECT ANSWER- 
True 
Even if it conflicts with the U.S. constitution, a state constitution is supreme within that 
state's borders. True or false? - CORRECT ANSWER- False
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Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 fully solved graded A+
- Exam (elaborations) • 11 pages • 2024
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Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 fully solved graded A+Principals - correct answer Owners Busi Entity 
 
When choosing a business entity, what 5 things should be considered? What starts a business - correct answer Formation 
Liability 
Cap 
Tax 
Mangagment/ Operation 
 
Sole Proprietorship - correct answer Easy formation 
Minimal fee 
No annual fillings 
straight forward filing 
CAP- loan secured by personal assets 
trade name vs. individual names 
con- lack of protection...
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Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 Liberty University - Question and answers rated A+
- Exam (elaborations) • 11 pages • 2024
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Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 Liberty University - Question and answers rated A+ Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 
 
 
Principals - correct answer Owners Busi Entity 
 
When choosing a business entity, what 5 things should be considered? What starts a business - correct answer Formation 
Liability 
Cap 
Tax 
Mangagment/ Operation 
 
Sole Proprietorship - correct answer Easy formation 
Minimal fee 
No annual fillings 
straight forward filing 
CAP- l...
-
Liberty University-BUSI 301-BUSI LAW- FINAL CH. 14-17 STUDY GUIDE EXAM 2024.
- Exam (elaborations) • 11 pages • 2024
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Liberty University-BUSI 301-BUSI LAW- FINAL CH. 14-17 STUDY GUIDE EXAM 2024. 
 
 
Principals - CORRECT ANSWER Owners Busi Entity 
 
When choosing a business entity, what 5 things should be considered? What starts a business - CORRECT ANSWER Formation 
Liability 
Cap 
Tax 
Mangagment/ Operation 
 
Sole Proprietorship - CORRECT ANSWER Easy formation 
Minimal fee 
No annual fillings 
straight forward filing 
CAP- loan secured by personal assets 
trade name vs. individual names 
con- lack of prot...
-
Final Review - BUSI LAW Test Questions and Answers Already Passed
- Exam (elaborations) • 14 pages • 2024
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Final Review - BUSI LAW Test Questions and Answers 
Already Passed
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BUSI LAW Final Review | Comprehensive Questions and Answers Latest Updated 2024/2025 With 100% Verified Solutions
- Exam (elaborations) • 7 pages • 2024
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BUSI LAW Final Review | Comprehensive Questions and Answers Latest Updated 
2024/2025 With 100% Verified Solutions
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BUSI LAW - EXAM 1 QUESTIONS AND ANSWERS 100% PASS
- Exam (elaborations) • 12 pages • 2024
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BUSI LAW - EXAM 1 QUESTIONS AND 
ANSWERS 100% PASS 
The study of business law does not involve ethical dimension. True or false? - ANSWER-False 
A state constitution is a primary source of law. True or false? - ANSWER-True 
Even if it conflicts with the U.S. constitution, a state constitution is supreme within that state's borders. 
True or false? - ANSWER-False 
A federal statute applies only to those states that agree to apply it within their borders. True or false? - 
ANSWER-False 
Common ...
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