COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW!!
If a firm violates a tradmark, it will be sued for damages byt cannot be forced to change
it's name - Answer -false
A copywright can ibky be clainmed on creative works if they are pubished or made
available for publi consumption - Answer -false
Boards of advisors are composed of key employees who advise the firm. - Answer -
false
A business that chooses a firm a coproration must have a board of directors, in new
small corporations the bord of directors and sharehlders must be different individuals. -
Answer -false
Patents are inexpensive and easy to maintain - Answer -false
Myra is an only employee at her business. - Answer -Sole propreitership
Carla and john enter a partnership. John has a stake and carla is management -
Answer -Limited liability partnership
When a corporation suffers losses in's owners only - Answer -lose their investment (not
savings)
Difference between board of directors and advisors - Answer -Directors have a fiduciary
responsibilites where advisors advise the firm.
What should you ask when considering a lease - Answer -Can i renew
what am i leasing
who is responsible for maintenance and improvemnts (all above)
A general partner in the limited liablity partnersip the genral partner - Answer -has
unlimited liability for any debts or judgements against the firm
All of the following of a cubchapter corp c instead - Answer -fringe benefits being treated
as income.
A landowner can enter a premises for all the reasons except - Answer -whenever the
owner wants