1. The following individuals are debating which type of Business Organization they should enter into. Drake is Business graduate from Union College, Topaz is a very wealthy person who just won the lottery in the sum of $50 million dollars, and Petra who has excellent marketing skills and has worked on major projects for very reputable companies. Which of the parties' interest would be better protected by forming a corporation? (a) Drake (b) Petra (c) Topaz (d) None of the above

7. In which of the following would an employer be able to establish just cause for instant dismissal (a) Jelena who is frequently absent from work, notably once every two weeks and this appeared to coincide when pay day at the organization for which she worked (b) Jeremiah would arrive at least 20 minutes late for each of his shifts at Better Buy Inc. (c) Mariah who worked as a maid at High Quality Hotel for 15 years with an impeccable record, but mistakenly believed that one of the guests had checked out and helped herself to 3 cans of beer left in his room (d) Arthur who would often conduct his own freelance business using his place of work on a computer, unaware that he was being monitored, however, knowing that there was a strict policy against such practices.

9. You are required to identify the area of Employment that is being described. | am entitled to this, because I have worked 48 hour for each week in the last four weeks. (a) Vacation pay (b) Sick pay (c) Over time payment at 1.5 regular hourly rate (a) Statutory (public) holiday (e) Over time payment at 0.5 regular hourly rate

26. Under the Partnership Act 1990 $24 a firm (partnership), any partner can recover costs or expenses incurred in the ordinary and proper conduct of the partnership business. What is this called? (a) To indemnify (b) To compensate (c) To reward (d) To reimburse

54. All of the following are consequences of being a Director of a company, except (a) Directors have the power to manage and make decision about the company (b) Directors are under a fiduciary position in their position (c) Directors have the defence of due diligence for any liabilities (d) Directors have unlimited liability in any corporation

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