1.When determining the appropriate sentence for a business firm, courts focus on which of the following?

a.Good faith efforts to avoid violations.

b.Previous violations.

c.Cooperation with the authorities.

d.All of the above.

e.None of the above.

2.In terms of taxation, what is true about business entitites?

a.Corporations are subject to double taxation.

b.Sole proprietors pay personal taxes on business income.

c.LLCs are not taxed; however, members are taxed personally on profits passed through the LLC.

d.LLPs are taxed the same as traditional partnerships.

e.All of the above.

f.None of the above.

3.What is true about a joint venture?

a.The joint venture can only involve natural persons.

b.A joint venture is organized for a single or limited series of transactions or projects.

c.Unless otherwise agreed, profits and losses and divided evenly.

d.All of the above.

e.b. and c.

4.The Fifth Amendment protection against self-incrimination:

a.Covers partnerships and corporations.

b.Does not cover partnerships and corporations.

c.Covers only corporations.

d.Covers only partnerships.

5.What is true about an employee's corporate email?

a.It is not accessible to the corporation due to a reasonable expectation of privacy.

b.It is accessible by the corporation.

c.It is protected by the Fourth Amendment.

d.a. and c.