WGU D432 Study Guide for Objective Assessment 2nd Attempt with 100% Verified Answers

WGU D432 Study Guide for Objective Assessment 2nd Attempt with 100% Verified Answers Most Common type of business entity - Correct Answer Sole Proprietorship Where can a Corporation be sued? - Correct Answer Place of incorporation and primary place of business What are 3 components of corporations? - Correct Answer Stockholders, Directors, and Officers What is the role of Board of Directors? - Correct Answer Set goals, hire officers, oversee operations and finances What are some advantages of Corporations? - Correct Answer Limited liability from owners, ease of transferring ownership, certain tax deductions, ability to attract financing What is the purpose of Joint Ventures? - Correct Answer 2 or more companies that form an alliance for specific period of time. What does FTC oversee? - Correct Answer Oversees unfair business practices. What major case involves the commerce clause and what does it mean? - Correct Answer Regulates state and international business and limits the states powers. "NLRB vs. Steel Corp." What are some circumstances that revolve around the 14th amendment? - Correct Answer Warrantless searches