This practice exam can be taken as many times as needed to feel confident and prepared for the Business Law Exam.
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Question 1 of 10
1. Question
An offer can be for money exchanged for goods or services OR a promised performance.
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Question 2 of 10
2. Question
The list of services you wil perform are what part of the contract?
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Question 3 of 10
3. Question
What statements must be true in order to meet the competency and capacity requirements? (Select all that apply.)
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Question 4 of 10
4. Question
What is the main difference in liability between S Corporations and LLCs?
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Question 5 of 10
5. Question
What are the owner’s liabilities regardless of entity type? (Select all that apply.)
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Question 6 of 10
6. Question
If your client begins the process of filing for bankruptcy, you can become an examiner for their case.
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Question 7 of 10
7. Question
Your client should not use the reports you provide when applying for a loan.
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Question 8 of 10
8. Question
Your client wants to rebrand and update their company contracts for services. Who do you recommend they seek for advice?
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Question 9 of 10
9. Question
The main purpose of the Sarbanes Oxley Act of 2002 is to protect whistleblowers.
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Question 10 of 10
10. Question
Under the Sarbanes Oxley Act of 2002, who is held responsible for the accuracy of the corporate financial statements?
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