60 Hours
Authored by Jasmine Suarez
Business
Professional Development
Used 1+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is true in regard to employing minors?
(A)
A Minor shall not work more than 6 days a week
(C)
14 and 15 year old's may work during school hours if necessary
(D)
Both A and B
(B)
Every 5 hours of work requires a 30 minute break
None
Answer explanation
If you picked A and B it correct
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT an advantage of sole proprietorship?
Minor investment to get started
None
Owner is liable for all debts
Owner determines how profits are used
Easy to establish
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT an advantage of a general partnership?
Merges assets,credit,equipment and talents of the partners
All partners share in decision making and profits
Each partner is liable for the business debts of the other partner
Increases the capacity for bounding and bidding
None
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What allows an individual to invest in a general partnership but have no input to how the partnership is operated?
S-Corporation
Limited Partnership
Sole Proprietorship
General Partnership
None
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is it called when several business members come together to form a new business entity larger and financially stronger than if they acted alone?
Limited liability company
Sole proprietorship
S-Corporation
Joint Venture
None
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first offense penalty for engaging in the practice of residential building without a license?
Not less than $1,000 and not more than $10,000 and/ or one year
Not less than 5,000 and not more than $10,000 and / or two year
Not less than 5,000 and not more than $25,000 and/ or one year
Not less than $5,000 and not more than $5,000 and/ or two years
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the penalty for engaging in the practice of residential builders license, resulting in a death?
Not less than $1,000 and not more than $10,000 and/ or one year
Not less than $5,000 and not more than $10,000 and/or two years
Not Less than $5,000 and not more than $25,000 and/or one year
Not less than $5,000 and not more than $25,000 and/or four years
NONE
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