BUSINESS 124

Business Law Unit 3 Challenges Sophia Business Law Unit 3 Challenges Sophia Unit no #3 Challenge no 1 Which of the following is the fundamental definition of property ownership? · a.) The right to control property · b.) The possession of property · c.) The right to exclude others from property · d.) The right to acquire property Which of the following is true of property ownership in the United States? · a.) Nonhuman legal persons, such as corporations, may own property. · ...

UNIT 1 — MILESTONE 1 1 Which of the following is an example of a sole proprietorship?  Shawn is a partner in a successful downtown law firm. He has a number of clients that he is exclusively responsible for, so he works very hard to make sure they're happy with his services.  Matt and Carlene are both owners of a business that sells hand-crafted home goods via the Internet. Although they both own the business, Matt is solely responsible for the business operations.  Issa ...

Business Law Unit 2 Challenges Sophia Business Law Unit 2 Challenges Sophia Unit no # 2 Challenge no #2 The purpose of contracts is __________. · a.) to equalize outcomes in capitalistic societies · b.) to prevent people from making independent choices · c.) to encourage the exchange of goods and services between people · d.) to maintain a traditional social hierarchy Contracts function as a symbol of __________ in modern society. · a.) chaos · b.) individual freedom · c...

Sec 6.2 – Simple and Compound Interest Decision Making in Finance Name: Yasinah Hopkins 1. James is borrowing $2000 from his employer and will pay it back at the end of 3 years. The employer lending the money asks that James pay simple interest of 3% annually. Using the simple interest formula, I=P∙ R∙T , determine how much interest James will have to payback in addition to the $2000 principal amount. I = P * R * T I = (2000)(.03)(3) payment: Principle, Rate as in decimal, Time in ...

Practice Milestone Business Law — Practice Milestone 1 Taking this practice test is a stress-free way to find out if you are ready for the Milestone 1 assessment. You can print it out and test yourself to discover your strengths and weaknesses. The answer key is at the end of this Practice Milestone. 1. Which of the following best characterizes the law? a.) It is a set of rules enforced by a government authority. b.) It is a set of requirements based on morality. c.) It is a set of ...