Liberty university busi Study guides, Class notes & Summaries

Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 fully solved graded A+Principals - correct answer Owners Busi Entity When choosing a business entity, what 5 things should be considered? What starts a business - correct answer Formation Liability Cap Tax Mangagment/ Operation Sole Proprietorship - correct answer Easy formation Minimal fee No annual fillings straight forward filing CAP- loan secured by personal assets trade name vs. individual names con- lack of protection...

Busi 301 Week 3 Liberty University - Questions with complete solution Busi 301 Week 3 Agency is a legal relationship in which the parties agree, in some form, that one party will act as an ----- for another party, called the -----, subject to the control of the principal - correct answer agent principal Agents can be classified into any of the following broad categories except: ______. - correct answer principal-agents The nonagent employee relationship is referred to as the ----- - ...

BUSI 604 Test 1 ( 5 Versions), BUSI 604 INTERNATIONAL BUSINESS, Liberty University.

BUSI 301 - Connect Homework Liberty University - Question and answers correctly solved BUSI 301 - Connect Homework What type of litigation involves parties and their counsel arguing their respective positions on a business controversy in a court of law? - correct answer Civil In a business context, dispute resolution should be: - correct answer 1. a part of business strategy. 2. a part of business planning. How does a plaintiff initiate a civil lawsuit? - correct answer Filing a comp...

BUSI 301 Liberty University -Busi 301 Week 1 with answers rated A+Laws passed by the federal or a state legislature and either approved or rejected by the executive branch are called - correct answer statutes Most American law derives from this country's legal doctrines - correct answer England Federal statutes are created by the United States _____ and approved or vetoed by the President. - correct answer Congress or legislature A typical business transaction may be impacted by many a...

BUSI 301 Liberty University -BUSI 301- Exam 3 with 100% correct answersFormation of Agency Relationship - correct answer An agency relationship is formed when the agent and the principal and subject to the principal's control ABC test - correct answer Mutual assent on behalf of and subject to the control of ABC test definition - correct answer Statutory standard used by many states to determine agency status Employee Agent - correct answer Anyone who performs services for a principal w...

Busi 301 Week 1 Liberty University - Questions with complete solution Busi 301 Week 1 Laws passed by the federal or a state legislature and either approved or rejected by the executive branch are called - correct answer statutes Most American law derives from this country's legal doctrines - correct answer England Federal statutes are created by the United States _____ and approved or vetoed by the President. - correct answer Congress or legislature A typical business transaction ...

BUSI 611 – Quiz Finance for the Operations Manager 28 out of 30 Liberty University

BUSI 301 Liberty University -LU BUSI 301 Chapter 10 verified answers Tort - correct answer Civil wrong where one party has acted/failed to act, leading to a loss suffered by another party. Tort Law - correct answer Intended to compensate injured parties for losses resulting harm for some unreasonable conduct by another. Torfeasor - correct answer One who commits a tort Tortious conduct - correct answer Tortfeasor's wrongful conduct Restatements of Torts - correct answer Document th...

BUSI 301- Exam 3 Liberty University - Questions with complete solution BUSI 301- Exam 3 Formation of Agency Relationship - correct answer An agency relationship is formed when the agent and the principal and subject to the principal's control ABC test - correct answer Mutual assent on behalf of and subject to the control of ABC test definition - correct answer Statutory standard used by many states to determine agency status Employee Agent - correct answer Anyone who performs se...