Question 1 (1 point)

A _________ is designed for professional service firms such as accountants. This form of business provides limits on personal liability of the partners and allows pass through tax advantages.

Question 1 options:

A)	Partnership

B)	Limited liability partnership

C)	Limited liability company

D)	Corporation

Question 2 (1 point)

The business judgment rule means management will not be immune from liability for corporate actions even if the acts were made in good faith and with due care.

Question 2 options:

	True
	False

Question 3 (1 point)

The Securities Act of 1994 and the Securities Act of 2001 are designed to protect investors from deceptive, unfair, and manipulative practices when buying or selling securities.

Question 3 options:

	True
	False

Question 4 (1 point)

Chapter 13 bankruptcy is available to?

Question 4 options:

A)	Individuals

B)	Corporations

C)	Partnerships

D)	All of the above

Question 5 (1 point)

Which chapter in bankruptcy requires debtors to sell their assets to satisfy the debts owed?

Question 5 options:

A)

7

B)

11

C)

12

D)

13