Bill has had a problem with vandalism at his business, so he rigs up a spring gun at the entryway to his store, so that any after-hours intruder will be shot upon entry. Bill may legally use this deadly force to protect his business
a. True
b. False
Indicate whether the statement is true or false
False
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What is an individual whose job is to drive creativity and innovation within an organization called?
A. enterpriser B. intrapreneur C. entrepreneur D. creative director
Some directors and officers (D&O) liability policies include an insuring agreement tcovers the legal liability of a corporation arising out of the wrongful acts of directors and officers. This coverage for the corporation is called
A) blanket coverage. B) corporate reimbursement coverage. C) personal liability of directors and officers coverage. D) entity coverage.
Under the UPA, upon dissolution of a partnership, apparent authority terminates although actual authority generally continues
Indicate whether the statement is true or false
A sole proprietor in the 37% tax bracket pays her 16-year-old son a reasonable salary of $14,000 for services performed for the proprietorship. Compute the family's tax savings if the son has no other income and takes a $12,200 standard deduction.
A. $5,180 B. $5,000 C. $4,440 D. None of the above