WGU D432 Study Guide for Objec ve Assessment 2nd
A empt With complete solu on RATED A+ 2025/2026
100% VERIFIED CORRECT
Most Common type of business en ty - Answers Sole Proprietorship
Where can a Corpora on be sued? - Answers Place of incorpora on and primary place of
business
What are 3 components of corpora ons? - Answers Stockholders, Directors, and Officers
What is the role of Board of Directors? - Answers Set goals, hire officers, oversee opera ons
and finances
What are some advantages of Corpora ons? - Answers Limited liability from owners, ease of
transferring ownership, certain tax deduc ons, ability to a*ract financing
What is the purpose of Joint Ventures? - Answers 2 or more companies that form an alliance
for specific period of me.
What does FTC oversee? - Answers Oversees unfair business prac ces.
What major case involves the commerce clause and what does it mean? - Answers Regulates
state and interna onal business and limits the states powers. "NLRB vs. Steel Corp."
What are some circumstances that revolve around the 14th amendment? - Answers
Warrantless searches
, What was the purpose for the UN - Answers Developed as a mul lateral treaty to create
peace and equality for women and children
What is a Ponzi/Scheme? - Answers A payment of investment into a non existent firm from
new investors to older investors; and the process repeats
What are the 2x types of defama on and explain them? - Answers Slander-spoken nega ve
remarks about and individual or business; Libel- wri*en nega ve remarks about and individual
or business
What is promissory estoppel? - Answers 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 a*emp ng to recover detrimentally relied on
the promise.
What is a material breach of contract? - Answers When something is promised and the
complete opposite is done.
What is the purpose of the NLRB? - Answers 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 condi ons.
What is a closed shop? - Answers When you can't gain employment if you are not apart of
the union
What is the difference between disparate treatment and disparate impact? - Answers
Disparate is uninten onally discrimina on
FTC mainly focuses on? - Answers Regula ng business compe on; fair and misleading
prac ces
A empt With complete solu on RATED A+ 2025/2026
100% VERIFIED CORRECT
Most Common type of business en ty - Answers Sole Proprietorship
Where can a Corpora on be sued? - Answers Place of incorpora on and primary place of
business
What are 3 components of corpora ons? - Answers Stockholders, Directors, and Officers
What is the role of Board of Directors? - Answers Set goals, hire officers, oversee opera ons
and finances
What are some advantages of Corpora ons? - Answers Limited liability from owners, ease of
transferring ownership, certain tax deduc ons, ability to a*ract financing
What is the purpose of Joint Ventures? - Answers 2 or more companies that form an alliance
for specific period of me.
What does FTC oversee? - Answers Oversees unfair business prac ces.
What major case involves the commerce clause and what does it mean? - Answers Regulates
state and interna onal business and limits the states powers. "NLRB vs. Steel Corp."
What are some circumstances that revolve around the 14th amendment? - Answers
Warrantless searches
, What was the purpose for the UN - Answers Developed as a mul lateral treaty to create
peace and equality for women and children
What is a Ponzi/Scheme? - Answers A payment of investment into a non existent firm from
new investors to older investors; and the process repeats
What are the 2x types of defama on and explain them? - Answers Slander-spoken nega ve
remarks about and individual or business; Libel- wri*en nega ve remarks about and individual
or business
What is promissory estoppel? - Answers 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 a*emp ng to recover detrimentally relied on
the promise.
What is a material breach of contract? - Answers When something is promised and the
complete opposite is done.
What is the purpose of the NLRB? - Answers 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 condi ons.
What is a closed shop? - Answers When you can't gain employment if you are not apart of
the union
What is the difference between disparate treatment and disparate impact? - Answers
Disparate is uninten onally discrimina on
FTC mainly focuses on? - Answers Regula ng business compe on; fair and misleading
prac ces
