BUSINESS LAW FINAL IVY TECH EXAM
SCRIPT 2026 COMPLETE QUESTIONS AND
ANSWERS
◉ During an employee's leave under the Family and Medical Leave
Act, an employer must continue to compensate the employee to
avoid the potential negative effect of unpaid leave on interstate
commerce..
Answer: False
◉ The Americans with Disabilities Act applies to workplaces with at
least.
Answer: fifteen workers.
◉ Rico works for Street Tacos Inc. The basis for Rico's contribution
under the Federal Insurance Contribution Act to help pay for
benefits that will partially make up for his loss of income on
retirement is.
Answer: his annual wage base.
◉ Deb and Elle are partners in Foundations, a counseling clinic. Deb
manages the business. For this service, unless the partnership
, agreement states otherwise, she is entitled to pay in proportion to
her.
Answer: none of the choices.
◉ In most states, in a dispute on a partnership matter, a third party
cannot sue an individual partner but must file an action against the
entire firm..
Answer: False
◉ Choosing a business organizational form that limits its owners'
liability may lead to greater profits for the firm..
Answer: True
◉ The member of a limited liability company has the power to
dissociate from the firm at any time, but may not have the right..
Answer: True
◉ In a sole proprietorship, the proprietor bears the burden of any
liabilities incurred by the business enterprise..
Answer: True
◉ Bhat and Cho do business as Day Glow Paints, a partnership. In
most states, for the purposes of collecting judgments and having
accounting performed, this firm would be treated as.
SCRIPT 2026 COMPLETE QUESTIONS AND
ANSWERS
◉ During an employee's leave under the Family and Medical Leave
Act, an employer must continue to compensate the employee to
avoid the potential negative effect of unpaid leave on interstate
commerce..
Answer: False
◉ The Americans with Disabilities Act applies to workplaces with at
least.
Answer: fifteen workers.
◉ Rico works for Street Tacos Inc. The basis for Rico's contribution
under the Federal Insurance Contribution Act to help pay for
benefits that will partially make up for his loss of income on
retirement is.
Answer: his annual wage base.
◉ Deb and Elle are partners in Foundations, a counseling clinic. Deb
manages the business. For this service, unless the partnership
, agreement states otherwise, she is entitled to pay in proportion to
her.
Answer: none of the choices.
◉ In most states, in a dispute on a partnership matter, a third party
cannot sue an individual partner but must file an action against the
entire firm..
Answer: False
◉ Choosing a business organizational form that limits its owners'
liability may lead to greater profits for the firm..
Answer: True
◉ The member of a limited liability company has the power to
dissociate from the firm at any time, but may not have the right..
Answer: True
◉ In a sole proprietorship, the proprietor bears the burden of any
liabilities incurred by the business enterprise..
Answer: True
◉ Bhat and Cho do business as Day Glow Paints, a partnership. In
most states, for the purposes of collecting judgments and having
accounting performed, this firm would be treated as.
