4 Multi Choice Questions?

9. You've decided to open a nonprofit child care center. What is one of the greatest advantages of this type of program?

A. You're more independent since tuition fees are the only source of income.
B. You aren't answerable to the IRS (Internal Revenue Service).

C. Program can receive tax-deductible donations and contributions.

D. You don't have to become involved in politics.




10. Which one of the following is true of a limited partnership?

A. It allows the organizer to retain control rather than sharing it.
B. This association is based on equal status of partners.

C. Obligations and debts are equal for all partners.

D. Limited partners can remain secret.




11. When incorporating a business, which one of the following is not a major step to take?

A. Preparation of articles of incorporation
B. Filing your employee policies with the proper state agency

C. Preparation of bylaws

D. Holding an incorporator's meeting




12. Of the following kinds of insurance, which is required by law for a business with employees?

A. Workers' compensation
B. Theft

C. Accident

D. Fire

9. C
10. A
11. B (? or maybe C)
12. A

1) B
2) B
3) D
4) B

(You ask for homework answers on the internet, you take your chances with what you get.)

1- C
2- A
3- B
4- A

(I concur with reformed ascetic)