WGU D432 Study Guide for
Objective Assessment Exam
Advanced Practice 2026|2027
Questions and Answers with
Complete A+ Solutions 100%
Correct!!!
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 transferring ownership, certain tax deductions, ability to
attract financing
What is the purpose of Joint Ventures?
2 or more companies that form an alliance for specific period of time.
, What does FTC oversee?
Oversees unfair business practices.
What major case involves the commerce clause and what does it mean?
Regulates state and international business and limits the states powers. "NLRB vs. Steel Corp."
What are some circumstances that revolve around the 14th amendment?
Warrantless searches
What was the purpose for the UN
Developed as a multilateral treaty to create peace and equality for women and children
What is a Ponzi/Scheme?
A payment of investment into a non existent firm from new investors to older investors; and the
process repeats
What are the 2 types of defamation and explain them?
Slander-spoken negative remarks about and individual or business; Libel- written negative
remarks about and individual or business
What is promissory estoppel?
Within contract law, promissory estoppel refers to the doctrine that a party may recover on the
basis of a promise made when the party's reliance on that promise was reasonable, and the
party attempting to recover detrimentally relied on the promise.
What is a material breach of contract?
A material breach of contract is like promising to bake a cake and instead serving a plate of raw
eggs - it's a complete failure to deliver what was agreed upon.
What is the purpose of the NLRB?
The NLRB is an independent federal agency that protects the rights of private sector employees
to join together, with or without a union, to improve their wages and working conditions.
What is a closed shop?
When you can't gain employment if you are not apart of the union
What is the difference between disparate treatment and disparate impact?
Objective Assessment Exam
Advanced Practice 2026|2027
Questions and Answers with
Complete A+ Solutions 100%
Correct!!!
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 transferring ownership, certain tax deductions, ability to
attract financing
What is the purpose of Joint Ventures?
2 or more companies that form an alliance for specific period of time.
, What does FTC oversee?
Oversees unfair business practices.
What major case involves the commerce clause and what does it mean?
Regulates state and international business and limits the states powers. "NLRB vs. Steel Corp."
What are some circumstances that revolve around the 14th amendment?
Warrantless searches
What was the purpose for the UN
Developed as a multilateral treaty to create peace and equality for women and children
What is a Ponzi/Scheme?
A payment of investment into a non existent firm from new investors to older investors; and the
process repeats
What are the 2 types of defamation and explain them?
Slander-spoken negative remarks about and individual or business; Libel- written negative
remarks about and individual or business
What is promissory estoppel?
Within contract law, promissory estoppel refers to the doctrine that a party may recover on the
basis of a promise made when the party's reliance on that promise was reasonable, and the
party attempting to recover detrimentally relied on the promise.
What is a material breach of contract?
A material breach of contract is like promising to bake a cake and instead serving a plate of raw
eggs - it's a complete failure to deliver what was agreed upon.
What is the purpose of the NLRB?
The NLRB is an independent federal agency that protects the rights of private sector employees
to join together, with or without a union, to improve their wages and working conditions.
What is a closed shop?
When you can't gain employment if you are not apart of the union
What is the difference between disparate treatment and disparate impact?
