Here are the best answers for each question:
- business license
- stricter
- privacy policy
- Melissa, $75,000; Martez, $45,000; Jamie, $180,000
- Legal business structure
- business permits
- encryption
Choose the best answer.
Which of these is government authorization allowing an organization to conduct business in its location?
conduct license
business license
practice license
government license
2.
Choose the best answer.
If there is high potential risk to the consumer, _____ licensing is typically required for a business.
more forgiving
stricter
less
none of these
3.
Choose the best answer.
Which of these is a statement or legal document that explains the ways a company gathers, stores, handles, and discloses client data?
statement of policies
privacy policy
statement of privacy
terms of agreement
4.
Choose the best answer.
Suppose Aesthetic Floral Gardens, LLC, is owned by three individuals: Melissa, Martez, and Jamie. Melissa owns 25% of the company, Martez owns 15%, and Jamie owns the final 60%. The company owes $300,000 in taxes for 2017. How much is each member obligated to pay?
Melissa, $75,000; Martez, $45,000; Jamie, $180,000
Melissa, $750,000; Martez, $450,000; Jamie, $180,000
They do not owe taxes because the tax bracket is not high enough yet.
Melissa, $7,500; Martez, $4,500; Jamie, $1,800
5.
Choose the best answer.
_____ is a company’s business type as identified by the Internal Revenue Service.
Legal business structure
Company identification
Legal type
Entity identification
6.
Choose the best answer.
While a business might be licensed to practice a trade, it might still need to seek specific _____ to sell specific products.
business permits
freedoms
allowances
permissions
7.
Choose the best answer.
Which of these is the process of converting client information into code so it cannot be retrieved through unauthorized access?
threat protection
encryption
identification
data security
1 answer