1. In a _____ _____ _____, all partners assume liability for any partner's professional malpractice to the extent of partner's assets. (1 point)

1. What type of corporation enjoys the tax status of a partnership? _______ (1 point)

1. A _____ is an individual that is appointed to take over the administration of a debtor's estate. (1 point)

1. Bankruptcy remedies are available to _______, ________, and __________. (3 points)

1. A _______ ________ ________ is a security interest in which a creditor has legally protected its claim to the collateral. (1 point)

1. A ______ _______ is a business in which one person maintains control and unlimited personal liability of the management and profits of that business. (1 point)

1. A corporation is considered to have a _______ ________, meaning that the entity does not die when its owners die. (1 point)
2. TRUE or FALSE - A general partnership consists of at least one general partner(s) and at least one limited partner(s) in which the general partner(s) will assume all liability for the debts of the partnership. (1 point)

1. TRUE or FALSE - Promoters and Subscribers are responsible for creating a corporation. (1 point)

1. TRUE or FALSE - The Consumer Product Safety Commission protects the public against reasonable risks of injuries and deaths associated with consumer products. (1 point)
2. Essentially, insider trading is the possession of material information that is not generally available to the public and using that information to make a profit. Possession of what information is NOT considered a form of insider trading. (1 point)
   1. Change in dividends.
   2. A significant change in the financial status of a company.
   3. Increase in oil prices.
   4. New products, processes, or discovery.
   5. A change in the status of litigation against the company.

1. ____ is deceptive advertising that violates FTC rules. (1 point)
2. Half truths
3. Puffing
4. Ad Substantiation
5. Bait & Switch Advertising
6. All of the above.

1. The Federal Trade Commission regulates which specific industry? (1 point)
2. Used-car sales
3. Funeral home services
4. On-line sales
5. Real Estate transactions
6. All of the above.