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Business Ownership & Insurance Flashcards | StudBud
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Business Ownership & Insurance
Business Ownership & Insurance
30 terms
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Flashcards
30 cards
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Questions
30
Answers
1
Comprehensive insurance covers a injury of a person who is not at fault
True
False
2
__________describe anything which increases the likelihood of loss through some peril.
Threat
Hazard
Pure Risk
Speculative Risk
3
Pure risks provide a chance of gain or loss
False
True
4
Patents are issued by _________ Government
State
Federal
County
City
5
How many step are in the process which should be used to obtain business Insurance
3
6
5
4
6
COBRA protects against the loss of health insurance due to temporarily loss of Job
False
True
7
Which type of insurance protect a manager sued for harassment by an employee?
Property Insurance
Liability Insurance
Credit Insurance
Director and Officer Coverage
8
Patents are words, symbols, names or devices used to specify goods
False
True
9
Thanksgiving is on what day of the Week?
Sunday
Friday
Thursday
Everyday
10
Plato is considered the founder of Eastern Political Philosophy
True
False
11
A sole proprietorship is owned and operated by one individual
False
True
12
How many Pints in a Gallon
10
6
12
8
13
Entrepreneurship is not a type of business ownership
True
False
14
Last time the Dallas Cowboys won the Superbowl was 1995
False
True
15
A corporation is a type of business which operates as a separate legal entity?
False
True
16
Angel investors are not wealthy but seek high returns through investments
True
False
17
A premium is used to describe the amount the insured is required to contribute before the insurer pays the rest
False
True
18
Which of the following is the money raised by a business or investor in exchange for a share of ownership in the company
Equity Capital
Venture Capital
Debt Capital
Investment Capital
19
Which of the following is defined as a business in which partners have an unequal share and liability in the business
General Partnership
Franchise Partnership
Sole Partnership
Limited Partnership
20
For what value of the constant K does the equation 2x + K x = 3 have one solution?
given equation has one solution for all real values of k not equal to -1
given equation has one solution for all real values of k not equal to -x
given equation has one solution for all real values of k not equal to -3
given equation has one solution for all real values of k not equal to -2
21
Domain Name grant intellectual property rights to the inventor
True
False
22
Which below forms boards to act as governing bodies and is the most complicated form of business
Friendship
Partnership
Ownership
Corporation
23
A franchise gives the right or license to sell a company's product or service at a designated location
False
True
24
Macrolending is the process of issuing loans in small amounts
True
False
25
Credit insurance is a type of property insurance
False
True
26
If a business knows about defective wiring and does nothing it is considered Negligence
False
True
27
Investing in stocks is a form of speculative risk
True
False
28
Finance is the money or other resources needed to pay for a part or parts of the company
False
True
29
At minimum for car insurance; Texas requires you to carry what type of insurance
A spare tire
Liability
Comprehensive
Gallon of Gas
30
Groups of individuals who invest money in various types of companies in search of making a profit
Capitalist
Democrats
Socialist
Investors