M Fri, 30 Sep Mox O . 0.5KB/s 18 Module 5 Formative Quiz Business Organizations: Attempt 1 Question 1 ( - - 11 What is sole proprietorship? A corporation with a single shareholder. A business with a single owner that does not operate as a separate legal identity. A business with a separate legal identity centred around a single owner. Question 2 ( --11 What is a partnership? A corporation with only two shareholders. N An organization that is formed when two people decide to purchase property together. A business with two or more owners that does not operate as a separate legal entity Question 3 - -/1 What is a corporation? A separate and distinct legal entity from its owners. N A collection of distinct legal entities, the shareholders, that function collectively. A separate legal entity created for the purpose of providing owners with tax advantages. - - /1 Question 4 What is an advantage of a sole proprietorship? SubmitQuiz Workplace Legislation: Attempt 1 Question 1 What is the Employment Standards Act? ( - -11 Legislation that tells employers the minimum standards for how to operate their businesses. N Legislation that sets out the rights, responsibilities and obligations that employees and employers have within a workplace setting Legislation that tells employees how to behave in the workplace. Question 2 - - /1 What is the Labour Relations Act? An Act that governs the relationship between employees and employers. N An Act that governs the relationship between owners and employees. An Act that governs the relationship between unions and employers. ( --11 Question 3 What is the purpose of the Ontario Human Rights Code? To ensure that all Ontarians have equal rights and opportunities without discrimination in key areas of daily life. To ensure that all Ontarians are treated fairly all the time. To ensure that human rights are respected in Ontario all the time. - -/1 Question 4 Submit Save for Later 0 of 10 completed12:48 PM Fri, 30 Sep MDX O ... 0.4KB/s 2 18. V Module 5 Formative Quiz Business Organizations: Attempt 1 Question 7 - -/1 What is one characteristic included in the legal definition of a partnership under the Partnership Act? It is in common, in other words all partners are involved in the business. It is a separate legal entity. It is formed for the joint ownership of property. Question 8 - -/1 What is an advantage of a corporation? There is less regulation and therefore more flexibility. N The owners are not personally liable for the debts of the business. It is easy to set up. - -/1 Question 9 What is a private corporation? One which does not aspire to rapid growth. One which does not require the loans from financial institutions. N One whose shares are not available for purchase by the general public - -/1 Question 10 SubmitFri, 30 Sep M OR 0.2KB/s 2 18 Module 6 Formative Quiz Workplace Legislation: Attempt 1 Question 7 ( - - 11 What does copyright apply to? To any intellectual work that someone claims ownership of. To any print material. To all original work that is represented in some fixed material form. Question 8 (- -11 What type of law is the use of company confidential information most likely covered under? Contract law. Public law . Tort law - -/1 Question 9 What is the most important criteria when determining whether an employee's actions are legally considered to be whistleblowing? The employee's actions must be driven by consideration for the company's reputation. The employee's actions must be driven by consideration of his or her job description and responsibilities. The employee's actions must be driven by personal ethics. Submit Save for Later 0 of 10 completed0.3KB/s - 18 Module 5 Formative Quiz Business Organizations: Attempt 1 3 ) It is formed for the joint ownership of property. Question 8 - -/1 What is an advantage of a corporation? There is less regulation and therefore more flexibility N The owners are not personally liable for the debts of the business. It is easy to set up. Question 9 - - /1 What is a private corporation? One which does not aspire to rapid growth. N One which does not require the loans from financial institutions. One whose shares are not available for purchase by the general public. Question 10 - -/1 What are Articles of Incorporation? A legal document forming the corporation that is registered with a provincial or the federal government. A legal document outlining the structure of the corporation. A legal document describing the business plan for the corporation. Save for Later Submit 0 of 10 completed12:48 PM Fri, 30 Sep M o O ... 2.2KB/s @ 18 V Module 5 Formative Quiz Business Organizations: Attempt 1 Question 4 - -/1 What is an advantage of a sole proprietorship? It does not require the owner to take on a lot of liability. N It is fast and easy to set up. It allows the owner access to financial resources. Question 5 ( --11 What is an advantage of a partnership? The partners have access to more financing than in a sole proprietorship. The partners have no liability for the business debt. The partners can easily pass the business on to the next generation. Question 6 - -/1 What is a limited partnership? A partnership in which the liability of all partners is limited, as in a corporation. N A partnership in which the authority of some partners is limited. A partnership in which partners have different levels of liability. - -/1 Question 7 What is one characteristic included in the legal definition of a partnership under the Act?0.7KB/s @ 18 Module 6 Formative Quiz Workplace Legislation: Attempt 1 Question 4 What is the purpose of the Human Rights Tribunal? - -/1 To provide information on the Ontario Human Rights Code. N To help citizens of Ontario understand how the Ontario Human Rights Code works It hears human rights cases and makes decisions about those cases. Question 5 - -11 What is one purpose of the Occupation Health and Safety Act? 1 To outline the duties and responsibilities of employers and employees for health and safety. To make employers solely responsible for the health and safety of their employees To help employees understand how to keep themselves safe in the workplace Question 6 - -/1 Which of the following can be elements of a trademark? Name, Visual Symbol, catchphrase Lyrics, design, catchphrase Wiring plan, form, logo - -/1 Question 7 What does convright apply to? Submit Save for Later 0 of 10 completedFri, 30 Sep M DR 0.3KB/s 2 18 questionTo Module 6 Formative Quiz Workplace Legislation: Attempt 1 What type of law is the use of company confidential information most likely covered under? Contract law. N Public law . Tort law. Question 9 - - 11 What is the most important criteria when determining whether an employee's actions are legally considered to be whistleblowing? The employee's actions must be driven by consideration for the company's reputation. The employee's actions must be driven by consideration of his or her job description and responsibilities. The employee's actions must be driven by personal ethics. Question 10 - -/1 What is one possible company approach to the environment with respect to engineering work? A cost-oriented approach in which the company adheres to the environmental regulations as a cost of doing business and nothing more. A crisis-management approach in which the company deals with issues just-in-time as they N reach a crisis point. A laissez-faire approach in which the company pays no attention to environmental management. Submit Save for Later 0 of 10 completed