The Following Are Disadvantages of Which Form of Business Ownership

question 46

Multiple Choice

The following are disadvantages of which form of business ownership: unlimited liability, management conflict potential, and less independence?

• A) sole proprietorships
• B) partnerships
• C) corporations
• D) mergers

Know the safety compliance standards related to air brake systems (e.g., FMVSS-121).

Identify the components and functions of truck air brake systems.

Understand brake system maintenance and troubleshooting procedures.

Recognize the importance of proper brake adjustment and maintenance for safe operation.

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Definitions:

FICA-Medicare

A federal insurance contribution act tax specifically designated for Medicare, a portion of the payroll tax paid by employees and employers to fund the Medicare program.

Medical Benefits

Health-related benefits, typically provided by an employer, that cover medical expenses for employees.

Overtime Rate

The increased pay rate employers are required to pay employees for hours worked beyond the standard workweek, typically 1.5 times the regular hourly rate.

Net Pay

The amount of an employee's salary that remains after deducting taxes and other statutory deductions.