Sam and Laurel want to go into business together. There is no gourmet pastry shop in their small town and their plan is to be the first and corner the market. They already have all the money needed to start the company and would like to have some liability coverage while sharing the profits. What type of business structure would be best for Sam and Laurel?(1 point)Responsessole proprietorshipsole proprietorshipgeneral partnershipgeneral partnershipLimited Liability CorporationLimited Liability Corporationfranchise
A Limited Liability Corporation (LLC) would be the best type of business structure for Sam and Laurel. An LLC offers liability protection for the owners (Sam and Laurel) and allows them to share the profits while also having some liability coverage.
A Limited Liability Corporation (LLC) is considered a separate entity from the business owner, which means that the business owner does not have to take money out of their personal bank account to settle what? (1 point) Responses business debts business debts customer disputes customer disputes employee arguments employee arguments broken inventory
A Limited Liability Corporation (LLC) protects the business owner from having to take money out of their personal bank account to settle business debts.
What specific agency is responsible for creating marketing trade regulations? (1 point) Responses US Securities Commission US Securities Commission US Federal Trade Commission US Federal Trade Commission Federal Reserve Board Federal Reserve Board Occupational Safety Administration
The US Federal Trade Commission (FTC) is responsible for creating marketing trade regulations.
What regulatory agency monitors all issues related to food safety, drug prescriptions, vaccines, and more? (1 point) Responses the Internal Revenue Service the Internal Revenue Service the Food and Drug Administration the Food and Drug Administration US Securities and Exchange Commission US Securities and Exchange Commission the Consumer Product Safety Commission
The regulatory agency that monitors all issues related to food safety, drug prescriptions, vaccines, and more is the Food and Drug Administration (FDA).
Rodney works for a major marketing firm and is considered a permanent worker who is paid a salary by his company, making him what kind of employee? (1 point) Responses full-time employee full-time employee seasonal worker seasonal worker independent employee independent employee lobby employee
Rodney, who works for a major marketing firm and is considered a permanent worker paid a salary, would be classified as a full-time employee.
udrey manages a small paper company and likes to think that she manages in a style that is the complete opposite of an autocratic style because she encourages employees to give feedback and openly collaborate with herself and other people in management. What management style best describes how Audrey manages her paper company? (1 point) Responses consultative consultative persuasive persuasive democratic democratic laissez-faire
