Government's Role in Business
This agency/organization is responsible for preventing false/deceptive advertising
What is The Federal Trade Commission?
During this stage, each party of the lawsuit files initial papers?
What is Pleading?
This benefit allows the corporation to continue even if shareholders do not
What is perpetual life?
Wealth in the form of money or property
What is Capital?
Ability and process of motivating people toward a common goal
As it regards gasoline, clothing, processed snack foods, and produce, which is an example of an item with an excise tax?
What is gasoline?
This occurs when witnesses are questioned under oath by the parties attorneys?
What is Deposition?
When it comes to the capacity to contract, legal actions are the responsibility of the
What is corporation?
Business owned and operated by one individual
What is Sole Proprietorship?
Natural abilities an individual is born with?
What are Talents?
A special tax placed on foreign goods sold in the United States?
What are Tariffs?
This is a motion filed by the defendant which indicates the complaint does not contain facts making the defendant liable to the plaintiff?
This type of corporation can have foreign investors
What is Limited Liability?
Legal agreement between two or more people to be responsible for a business
What is Partnership?
Act of working effectively with others to achieve a common goal
What is collaboration?
Statutory law is written by this branch of government
What is legislative branch?
This is an official agreement between disputing parties with the intention to resolve a case?
What is a Settlement?
This type of Corporate income taxes are paid on profits and on stockholders’ personal income on dividends
What is Double Taxation?
Separate legal entity which forms a board to act as governing bodies
What is Corporation?
Cooperative action of a group of people in order to achieve a goal
What is Teamwork?
Common Law began in this country
What is England?
This type of law deals with rules for securing and enforcing legal rights to original ideas and inventions?
What is Intellectual Property?
C corporations also known as this
What is General Corporation?
Individual or groups which own a business and its legal entities
What is Business Ownership?
Knowledge and abilities one gains throughout life
What are skills?