An LLC is a(n) ________.

A. unincorporated business entity
B. incorporated business entity
C. cooperative entity
D. proprietorship


Answer: A

Business

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An employee stock option plan establishes a new legal entity.

Answer the following statement true (T) or false (F)

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An installment contract is a single contract that requires or authorizes delivery in two or more separate lots to be paid for in one payment.?

Indicate whether the statement is true or false

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Millie, a tenant, abandons her apartment after 6 months, even though there are 6 months left on her lease. If there were no survival clause in the lease, would the landlord be able to hold Millie liable for rent?

A) Yes, but he must leave the apartment vacant B) Yes, after he gives notice to the tenant C) Yes, after he relets the apartment D) No, the landlord must relet the apartment in order to collect rent for the remaining lease term.

Business

Printed memos are the most common type of internal business communications

Indicate whether the statement is true or false

Business