Question 1

A common mistake new companies make is to hire employees rather than independent contractors.

Accepted Answer

A) True 
 B)False

Question 2

What number of employees must a company have before they are required to provide family and medical leave and,in some states,sick leave?

Accepted Answer

A) any size company 
B) a company with over 10 employees 
C) a company with 15 employees or more 
D) a company with over 50 employees 
A) any size company 
B) a company with over 10 employees 
C) a company with 15 employees or more 
D) a company with over 50 employees

Question 3

In an S corporation,what is the maximum number of shareholders allowed?

Accepted Answer

A) 12 
B) 50 
C) 75 
D) 100 
A) 12 
B) 50 
C) 75 
D) 100

Question 4

IRS regulations require that an employer keeps records of employment taxes for at least the most recent year.

Accepted Answer

A) True 
 B)False

Question 5

Collin obtains a position as a stock clerk where he must stock and distribute office supplies to a group of 250 employees.In his job,he uses a pull cart,ladder,and occasionally must use small hand tools in order to assemble small furniture and office equipment.Discuss safety precautions the employer must take.

Accepted Answer

The area of work should be inspected for

Question 6

How long does a federally registered trademark last before it must be renewed?

Accepted Answer

A) It is a lifelong registration. 
B) 100 years 
C) 10 years 
D) 25 years 
A) It is a lifelong registration. 
B) 100 years 
C) 10 years 
D) 25 years

Question 7

What is a key difference between U.S.law and that of most other countries regarding patents on publicly disclosed innovations?

Accepted Answer

A) Most nations other than the United States allow a one-year grace period after public disclosure. 
B) The United States requires innovations to be publicly disclosed for one year before a patent is filed. 
C) The United States allows a one-year grace period after a public disclosure. 
D) U.S.patents only last for one year. 
A) Most nations other than the United States allow a one-year grace period after public disclosure. 
B) The United States requires innovations to be publicly disclosed for one year before a patent is filed. 
C) The United States allows a one-year grace period after a public disclosure. 
D) U.S.patents only last for one year.

Question 8

All states forbid discrimination on the basis of sexual orientation.

Accepted Answer

A) True 
 B)False

Question 9

A company with fewer than 50 employees does not have to offer family leave,medical leave,or health insurance.

Accepted Answer

A) True 
 B)False

Question 10

A delivery service hires independent contractors as drivers to deliver products that are ordered online.The company requires that the delivery service be available from 8 am to 5 pm Monday through Friday and displays the company logo on their shirt and automobile (in the form of a magnetic sign).Procedures for logging the package and the number of attempts for delivery are defined by the company.What issues may be of concern in this situation?

Accepted Answer

A) The employer has not outlined provisions for overtime. 
B) The employer may not be paying vacation time to the contractors. 
C) The employer may have misclassified these workers as contractors because the employers are controlling their work hours,operations,and appearance. 
D) None,as the employer and delivery service have signed an independent contractor agreement. 
A) The employer has not outlined provisions for overtime. 
B) The employer may not be paying vacation time to the contractors. 
C) The employer may have misclassified these workers as contractors because the employers are controlling their work hours,operations,and appearance. 
D) None,as the employer and delivery service have signed an independent contractor agreement.

Question 11

In order to entice the best employees,it is advisable to include language in your policies that hints at promises of future employment or benefits.

Accepted Answer

A) True 
 B)False

A common mistake new companies make is to hire employees rather than independent contractors.

What number of employees must a company have before they are required to provide family and medical leave and,in some states,sick leave?

In an S corporation,what is the maximum number of shareholders allowed?

IRS regulations require that an employer keeps records of employment taxes for at least the most recent year.

How long does a federally registered trademark last before it must be renewed?

What is a key difference between U.S.law and that of most other countries regarding patents on publicly disclosed innovations?

All states forbid discrimination on the basis of sexual orientation.

A company with fewer than 50 employees does not have to offer family leave,medical leave,or health insurance.

In order to entice the best employees,it is advisable to include language in your policies that hints at promises of future employment or benefits.

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Developing Networks and Building Teams

Creating Revenue Models

Planning for Entrepreneurs

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Financial Statements and Projections for Startups

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Exam 14: Navigating Legal and Ip Issues

A common mistake new companies make is to hire employees rather than independent contractors.

What number of employees must a company have before they are required to provide family and medical leave and,in some states,sick leave?

In an S corporation,what is the maximum number of shareholders allowed?

IRS regulations require that an employer keeps records of employment taxes for at least the most recent year.

How long does a federally registered trademark last before it must be renewed?

What is a key difference between U.S.law and that of most other countries regarding patents on publicly disclosed innovations?

All states forbid discrimination on the basis of sexual orientation.

A company with fewer than 50 employees does not have to offer family leave,medical leave,or health insurance.

In order to entice the best employees,it is advisable to include language in your policies that hints at promises of future employment or benefits.

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Developing Networks and Building Teams

Creating Revenue Models

Planning for Entrepreneurs

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Financial Statements and Projections for Startups

The Pitch Deck

Filters