Business Law Quiz
Authored by Trần Thị Mai Sau
Business
Professional Development
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62 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an essential element of a valid contract?
Written agreement
Consideration
Notarization
Witnesses
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sole proprietorship is best described as:
A business owned by a corporation
A business owned by one individual
A business with limited liability
A government-owned business
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main characteristic of a limited liability company (LLC)?
It pays double taxes
It requires shares to be publicly traded
Owners are personally liable
It combines liability protection with pass-through taxation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In business law, what is a tort?
A written contract
A type of tax
A civil wrong
A business license
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "intellectual property" NOT include?
Patents
Trademarks
Real estate
Copyrights
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which law primarily governs contracts in the United States?
Tort Law
Uniform Commercial Code (UCC)
Antitrust Law
Environmental Law
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Employment law covers all of the following EXCEPT:
Hiring practices
Employee benefits
Criminal procedures
Workplace safety
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