Business Law Quiz

Business Law Quiz

Professional Development

62 Qs

quiz-placeholder

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Business Law Quiz

Business Law Quiz

Assessment

Quiz

Business

Professional Development

Medium

Created by

Trần Thị Mai Sau

Used 5+ times

FREE Resource

62 questions

Show all answers

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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