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NEWEST 2024 ACTUAL EXAM, PRACTICE EXAM AND S
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TUDY GUIDE COMPLETE 100 QUESTIONS AND CORR
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ECT DETAILED ANSWERS (VERIFIED
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ANSWERS) |ALREADY GRADED A+
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1. Limitedgliabilitygisgagcharacteristicgofgwhatgformgofgbusinessgownership?
A. Solegproprietorship
B. Jointgproprietorship
C. Partnership
D. Corporationg-gCORRECTgANSWER-
1.gDgCorporation.gStockholdersgingcorporationsghaveglimitedgliability;gthatgis,gtheirglossesgareglimitedgto
gthegamountgofgmoneygthatgtheyghaveginvestedgingthegbusiness.gPartnershipsgandgsolegproprietorships
ghavegunlimitedgliability,gmeaninggthatgthegbusinessgownersgaregpersonallygliablegforgdebtsgincurredgby
gthegbusiness.gJointgproprietorshipgisgnotgagformgofgbusinessgownership
2. Thegimportancegofgfollowingglegalgproceduregisgtogprovidegeachgpartygwith
A. specificgduties.
B. uniquegrights.
C. duegprocess.
D. formalgrequests.g-gCORRECTgANSWER-
2.gCgDuegprocess.gDuegprocessgisgthegconceptgthatgagjurisdiction'sggovernmentgmustgrespectgallgofgthegl
egalgrightsgthatgaregowedgtogindividualsgandgbusinessesgaccordinggtogtheglawgofgthegland.gLegalgproced
uregrefersgtogthegmethodsgthatgaregusedgtogprotectgangindividual'sgorgbusiness'sglegalgrights.gGenerally,
gthesegrightsgingagdemocraticgsocietygincludegthegrightgtogobtainglegalgcounsel,gthegrightgtogbegheardging
court,gthegrightgtogconfrontgthegaccuser,getc.gThegimportancegofgfollowingglegalgproceduregisgnotgtogpr
ovidegeachgpartygwithguniquegrights,gspecificgduties,gorgformalgrequests.
3. Whichgofgthegfollowinggisgagreasongthatgsomeonegmightgwantgtogsettlegaglegalgcase:
A. Togavoidgagjudge'sgapproval
B. Toghavegaglengthygtrial
C. Togdamagegsomeone'sgreputation
D. Togavoidgagcostlygtrialg-gCORRECTgANSWER-
3.gDgTogavoidgagcostlygtrial.gManygpartiesgoptgforgsettlementsgbecausegtheygwishgtogavoidgcostly,gle
ngthygtrials.gTrialsgcangoftengdamagegagcompany'sgor
,person'sgreputation.gSomegpartiesgsettlegbecausegtheygwishgtogminimizegdamagegtogtheirgreputations.g
Agjudgegstillgmustgapprovegsettlements.
4. Whatgisgthegfirstgstepgofgtheglitigationgprocess?
A. Thegdefendantganswersgagcomplaint.
B. Thegplaintiffganswersgagcomplaint.
C. Thegplaintiffgfilesgagcomplaint.
D. Thegdefendantgfilesgagcomplaint.g-gCORRECTgANSWER-
4.gCgThegplaintiffgfilesgagcomplaint.gTheglitigationgprocessgbeginsgwhengthegplaintiffgfilesgagcomplaintgwi
thgthegcourt.gThen,gthegdefendantgmustganswergwithingagcertaingtimegperiod.gThegdefendantgdoesgnot
gfilegthegcomplaint.
5. Whygmightgpartiesgchoosegtogusegmediationgtogsolvegagdispute?
A. Togdoglessgwork
B. Togspendgmoregmoney
C. Togavoidggoinggtogcourt
D. Toggetgaglessgpersonalgresultg-gCORRECTgANSWER-
5.gCgTogavoidggoinggtogcourt.gPartiesgmaygchoosegmediationgifgtheygwantgtogavoidgtakinggtheirgcasegto
gcourt.gMediationgoftengcostsglessgmoneygandgresultsgingagmoregpersonalizedgresult.gMediationgofteng
meansgdoinggmoregworkgtogresolvegthegdispute.
6. Whichgofgthegfollowinggstepsgshouldgbegcompletedgfirstgwhengpreparinggagwrittengcommunication:
A. Organizinggtheginformationgtogbegpresentedgingthegcommunication
B. Determininggthegmajorgpurposegofgthegcommunication
C. Editinggthegcommunicationgtogmakegsuregitgisgclear
D. Selectinggthegdetailsgthatgshouldgbegincludedgingthegcommunicationg-gCORRECTgANSWER-
6.gBgDetermininggthegmajorgpurposegofgthegcommunication.gIngordergtogwritegeffectivegcommunicatio
ns,gthegwritergmustgfirstgdeterminegwhatgspecificgpurposeg(orgpurposes)gthegcommunicationgshouldgs
erve.gThegcommunicationgisgthengpreparedgtogaccomplishgthosegspecificggoals.gThegwritergdeterminesg
whatgdetailsgshouldgbegincludedgandgeditsgthegcommunicationgtogmakegsuregthatgitgisgclear.
7. Ingoralgpresentations,gagclosinggmethodgusedgspecificallygforggettinggthegaudiencegtogdogsomethinggis
A. makinggangappealgforgaction.
B. makinggagcomparison.
,C. usingghumor.
D. usinggagquotation.g-gCORRECTgANSWER-
7.gAgMakinggangappealgforgaction.gIfgagspeakergisgtryinggtoggetgangaudiencegtogdogsomething,gchalleng
inggthemgwithgangappealgforgactiongisgaggoodgclosing.gUsinggagquotation,gusingghumor,gorgmakinggagc
omparisongaregalsogclosinggmethods,gbutgtheygdognotgaskgthegaudiencegtogdoganything.
8. Whichgnote-
takinggmethodginvolvesgcreatinggtwogcolumnsgongagpiecegofgpaper,gonegforgthegmaingideasgandgonegfo
rgthegdetails?
A. Outlining
B. Cornellgmethod
C. Charting
D. Mappingg-gCORRECTgANSWER-8.gBgCornellgmethod.gThegCornellgmethodgofgnote-
takingginvolvesgcreatinggtwogcolumnsgongagpiecegofgpaper,gonegforgthegmaingideasgandgonegforgthegde
tails.gThegmappinggmethodginvolvesgcreatinggaggraphicgrepresentationgofginformation.gThegoutlininggm
ethodginvolvesgtakinggnotesgingagsequentialgandgorganizedgorder.gThegchartinggmethodginvolvesgusingg
headingsgandgtablesgtogrecordgimportantgnotes.
9. Edithgwantsgtogorganizegtheginformationginghergpersuasivegpapergingagclear,glogicalgwaygthat'sgeasygf
orgreadersgtogunderstand.gShegstartsgbygstatinggthegdilemmagatghandgandgthengexplainsgtheganswergth
atgshegbelievesgwillgsolvegthegdilemma.gWhichgmethodgofgorganizingginformationgisgEdithgusing?
A. Deductive
B. Chronological
C. Problem/Solution
D. Alphabeticalg-gCORRECTgANSWER-
9.gCgProblem/Solution.gThegproblem/solutiongmethodgofgorganizingginformationgfirstgstatesgthegproble
mgandgthengexplainsgthegsolution.gAlphabeticalgordergarrangesgfactsgingthegordergofgthegalphabet.gDed
uctivegordergbeginsgwithgthegrecommendationgorgconclusiongandgfollowsgwithgfactsgorgexamplesgtogsup
portgit.gChronologicalgordergorganizesginformationgintogagsequencegofgdates.
10. RosagisgwritinggagbusinessglettergtogAlexgSmith,gwhomgsheghasgnevergmet.gWhichgofgthegfollow
inggsalutationsgshouldgRosaguse:
A. TogWhomgItgMaygConcern:
B. DeargMr.gSmith:
C. DeargAlex:
, D. DeargAlexgSmith:g-gCORRECTgANSWER-
10.gDgDeargAlexgSmith:.gSincegRosaghasn'tgmetgthegpersongshe'sgwritinggtheglettergto,gshegdoesn'tgknow
gAlexgSmith'sggender.gForgthisgreason,git'sgimportantgforghergtogusegthegfullgname.gIfgAlexgSmithgisgagwo
man,gshegmightgbegoffendedgifgRosagusesg"DeargMr.gSmith."g"TogWhomgItgMaygConcern"gshouldn'tgeve
rgbegused.gIt'sgimportantgtogfindgoutgtogwhomgtogaddressgthegletter,gevengifgit'sgjustgtogagtitle,gsuchgasg"
VicegPresident."gIngRosa'sgcase,gshegknowsgthegnamegofgthegrecipient,gsogshegshouldgusegthat.g"DeargAl
ex"gisgtooginformalgforgagbusinessgletter.gItgmaygbegappropriategforgagfriend,gbutgRosaghasgnevergmetgAl
exgSmith.
11. Oneggoalgofganalyticalgreportsgisgto
A. reportgprogress.
B. assessgopportunities.
C. criticizegdecisions.
D. requestgfunding.g-gCORRECTgANSWER-
11.gBgAssessgopportunities.gOnegofgthegpossibleggoalsgofganalyticalgreportsgisgtogevaluategangopportunit
y,gsuchgasgagpotentialgnewgmarketgorgacquisition.gAnalyticalgreportsgaregnotgmeantgtogbegcriticalgofgdec
isions,gthoughgtheygsometimesgaregusedgtogsupportgthem.gWhengreportinggprogress,ganginformativegre
portgisgmoregappropriategthanganganalyticalgreport.gRequestsgforgfundinggareggenerallygcalledgproposal
s.
12. Ingwhichgcomponentgofgagresearchgreportgshouldgthegwritergplacegthegfollowinggstatement:g"Basedg
ongourgfindings,gwegbelievegthatgitgisgimperativegthatgPNJgCorporationgmakegthegnecessarygadjustment
s."
A. Assumptions
B. Recommendations
C. Methodology
D. Analysesg-gCORRECTgANSWER-
12.gBgRecommendations.gThegrecommendationsgsectiongisgtheglastgcomponentgofgagresearchgreportga
ndgcontainsgagproposedgcoursegofgactiong(recommendation),gwhichgisgbasedgongthegresultsgorgfindings
.gThegmethodologygsectiongofgthegreportgoutlinesgthegresearchgplan.gItgappearsgingthegmiddlegofgthegr
eportgandgdiscussesgthegtypesgofgresearchgtoolsgusedgingthegstudygandgwhygtheygweregselected.gThega
nalysesgsectiongofgthegreportgdescribesgthegfindingsgbasedgongthegassumptionsgmadegandgthegmethod
ologygusedgtogobtaingthegdata.
13. Howgshouldgangemployeeghandlegagsituationgingwhichgagdisagreeablegcustomergisgmakinggaglo
udgcomplaint?
A. Remaingcalmgandgtrygtogidentifygthegrealgproblem
B. Interruptgthegcustomergandgtellgthemgtogbegquiet
C. Askgthegcustomergtogcomegbackgwhengtheygaregcalmer