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WGU D432 STUDY GUIDE FOR OBJECTIVE ASSESSMENT 2ND ATTEMPT 2025

Most Common type of business entity - Precise Answer ✔✔Sole Proprietorship Where can a Corporation be sued? - Precise Answer ✔✔Place of incorporation and primary place of business What are 3 components of corporations? - Precise Answer ✔✔Stockholders, Directors, and Officers What is the role of Board of Directors? - Precise Answer ✔✔Set goals, hire officers, oversee operations and finances What are some advantages of Corporations? - Precise Answer ✔✔Limited liability from owners, ease of transferring ownership, certain tax deductions, ability to attract financing What is the purpose of Joint Ventures? - Precise Answer ✔✔2 or more companies that form an alliance for specific period of time. What does FTC oversee? - Precise Answer ✔✔Oversees unfair business practices. What major case involves the commerce clause and what does it mean? - Precise 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? - Precise Answer ✔✔Warrantless searches What was the purpose for the UN - Precise Answer ✔✔Developed as a multilateral treaty to create peace and equality for women and children

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