1. Which of the following is an example of a unilateral contract?

		A school offer to give extra classes to anyone who fails a test on their first attempt
		Anne puts up posters and writes in the newspaper offering $50 to anyone who returns Annes dog
		None of the above

2. _____________________ is the relationship between a businesss ownership and its management.

		Operational Structure
		General Partnership
		Limited Partnership

3. Which of the following contracts must be in writing to be enforceable?

		a contract to hire a banquet manager for three years
		a hotel reservation for next weekend
		a contract for staffing for your wedding in six months

4. In a General Partnership two or more owners agree to share the profits of the business but are also jointly liable for its _________.

		Operation
		Debts
		Investment

5. What is an implied contract?

		Oral contract with mechanic
		Created by the conduct of the party
		Promise for an act