Exam 17: Legal Issues: Recognizing Your Small Business Needs

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There are several kinds of situations in business in which you want a lawyer to take charge.Briefly describe standard contracts,specialty contracts,interstate contracts,noncompete clauses,exculpatory clauses,and hold harmless agreements and explain why a lawyer's input is important.

(Essay)

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Question 41

A(n)_____ refers to a contract among LLC members outlining how the LLC will conduct itself.

(Multiple Choice)

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Question 42

Which of the following types of legal fee does the attorney take a percentage of recovery as his or her fee?

(Multiple Choice)

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Question 43

Arbitration differs from mediation in that arbitration:

(Multiple Choice)

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Question 44

In negotiation,when proposing solutions that provide value and balance for both you and the other party,one technique is to scale returns according to the size of the contribution of the party to your success.

(True/False)

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Question 45

In a(n)_____,all partners are equally and fully responsible for the business's obligations.

(Multiple Choice)

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Question 46

_____ refers to property coming from some sort of original thought such as trademarks,patents,and copyrights.

(Multiple Choice)

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Question 47

A _____ is a type of intellectual property,not created by the government but is information known to certain people in a company that makes that company more competitive.

(Multiple Choice)

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Question 48

Except for _____,business forms are types of separate,legal entities.

(Multiple Choice)

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Question 49

Which of the following statements is true regarding a trademark?

(Multiple Choice)

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Question 50

What are trade secrets? What are the steps businesses can take to protect their trade secrets?

(Essay)

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Question 51

Small-claims courts work only when a person or firms are owed money that can be proved and have exhausted other procedures like calls and letters to the customer.

(True/False)

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Question 52

Which of the following is true of partnerships?

(Multiple Choice)

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Question 53

In the lease agreement signed by Arthur Fraser,a(n)_____ clause exempts him from paying any restitution in case he causes accidental damage on the property.Which of the following types of contractual clauses protects Arthur Fraser from paying for such damages?

(Multiple Choice)

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Question 54

Responsibility for the actions of another is referred to as:

(Multiple Choice)

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Question 55

The Sarbanes-Oxley Act only covers small businesses that are not publicly traded.

(True/False)

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Question 56

The best negotiation strategy is to use four steps to structure a negotiation to achieve a winning solution for you and the other party.Which of the following is not one of those four negotiation steps?

(Multiple Choice)

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Question 57

Which of the following is true with regard to pricing of legal services?

(Multiple Choice)

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Question 58

The ________ is a way to publicly inform potential investors that a for-profit firm is pursuing a social benefit role.

(Multiple Choice)

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Question 59

Which of the following statements is true of copyrights?

(Multiple Choice)

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Question 60

Showing 41 - 60 of 101

There are several kinds of situations in business in which you want a lawyer to take charge.Briefly describe standard contracts,specialty contracts,interstate contracts,noncompete clauses,exculpatory clauses,and hold harmless agreements and explain why a lawyer's input is important.

A(n)_____ refers to a contract among LLC members outlining how the LLC will conduct itself.

Which of the following types of legal fee does the attorney take a percentage of recovery as his or her fee?

Arbitration differs from mediation in that arbitration:

In negotiation,when proposing solutions that provide value and balance for both you and the other party,one technique is to scale returns according to the size of the contribution of the party to your success.

In a(n)_____,all partners are equally and fully responsible for the business's obligations.

_____ refers to property coming from some sort of original thought such as trademarks,patents,and copyrights.

A _____ is a type of intellectual property,not created by the government but is information known to certain people in a company that makes that company more competitive.

Except for _____,business forms are types of separate,legal entities.

Which of the following statements is true regarding a trademark?

What are trade secrets? What are the steps businesses can take to protect their trade secrets?

Small-claims courts work only when a person or firms are owed money that can be proved and have exhausted other procedures like calls and letters to the customer.

Which of the following is true of partnerships?

In the lease agreement signed by Arthur Fraser,a(n)_____ clause exempts him from paying any restitution in case he causes accidental damage on the property.Which of the following types of contractual clauses protects Arthur Fraser from paying for such damages?

Responsibility for the actions of another is referred to as:

The Sarbanes-Oxley Act only covers small businesses that are not publicly traded.

The best negotiation strategy is to use four steps to structure a negotiation to achieve a winning solution for you and the other party.Which of the following is not one of those four negotiation steps?

Which of the following is true with regard to pricing of legal services?

The ________ is a way to publicly inform potential investors that a for-profit firm is pursuing a social benefit role.

Which of the following statements is true of copyrights?

Small Business: Its Opportunities and Rewards

Small Business Entrepreneurs: Characteristics and Competencies

Small Business Environment: Managing External Relations

Small Business Ideas: Creativity, opportunity, and Feasibility

Small Business Entry: Paths to Part-Time Entrepreneurship

Small Business Entry: Paths to Full-Time Entrepreneurship

Small Business Strategies: Imitation With a Twist

Business Plans: Seeing Audiences and Your Business Clearly

Small Business Marketing: Product and Pricing Strategies

Small Business Promotion: Capturing the Eyes of Your Market

Small Business Distribution and Location

Small Business Accounting: Projecting and Evaluating Performance

Cash: Lifeblood of the Business

Small Business Finance: Using Equity, debt, and Gifts

Assets: Inventory and Operations Management

Small Business Protection: Risk Management and Insurance

Human Resource Management: Small Business Considerations

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