BULE EXAM 4 Questions with verified
answers graded A+
Carl sells Direct Marketing Enterprises, a sole proprietorship, to Eve. This is a transfer of - correct
answer ✔✔the ownership of the business.
Jim organized, and owns and operates, Jim's Landscaping Service in the simplest form of
business organization. This is - correct answer ✔✔a sole proprietorship.
Bernie wants to go into the business of construction contracting. Among the reasons that would
probably convince Bernie to set up his business as a sole proprietorship would be - correct
answer ✔✔its greater flexibility.
Kelly, the owner of Llama Farms, a sole proprietorship, wants to obtain additional business
capital but to maintain control. This can best be accomplished by - correct answer
✔✔borrowing funds.
Jody owns KuppaJava Kiosks, a sole proprietorship. Jody's liability is - correct answer
✔✔unlimited.
Guy and Hanna do business as G-H Associates. If G-H is a partnership, it is governed by the
Uniform Partnership Act - correct answer ✔✔in the absence of an express agreement.
Noah and Orin do business as Pest Control Partners. In most states, for the purposes of suing
and being sued, Pest Control Partners would be treated as - correct answer ✔✔an entity.
answers graded A+
Carl sells Direct Marketing Enterprises, a sole proprietorship, to Eve. This is a transfer of - correct
answer ✔✔the ownership of the business.
Jim organized, and owns and operates, Jim's Landscaping Service in the simplest form of
business organization. This is - correct answer ✔✔a sole proprietorship.
Bernie wants to go into the business of construction contracting. Among the reasons that would
probably convince Bernie to set up his business as a sole proprietorship would be - correct
answer ✔✔its greater flexibility.
Kelly, the owner of Llama Farms, a sole proprietorship, wants to obtain additional business
capital but to maintain control. This can best be accomplished by - correct answer
✔✔borrowing funds.
Jody owns KuppaJava Kiosks, a sole proprietorship. Jody's liability is - correct answer
✔✔unlimited.
Guy and Hanna do business as G-H Associates. If G-H is a partnership, it is governed by the
Uniform Partnership Act - correct answer ✔✔in the absence of an express agreement.
Noah and Orin do business as Pest Control Partners. In most states, for the purposes of suing
and being sued, Pest Control Partners would be treated as - correct answer ✔✔an entity.
