When a Business with Only a Few Records Changes Its

question 24

Multiple Choice

When a business with only a few records changes its name, you should

• A)refile all the records under the new name and create a cross-reference under the old name.
• B)create and maintain two separate files-one under each name.
• C)continue to file all new records under the old name but create a cross-reference.
• D)Both a and c

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Definitions:

Common Enterprise

A joint venture or project where parties work together towards a common goal, sharing profits and risks.

Civil Suit

A legal action by one party against another in a civil court, typically involving disputes over rights, contracts, or damages, as opposed to criminal matters.

Misleading Statement

Any declaration or representation that has the potential to deceive or misinform others, especially in contexts like advertising or public statements.

Corporate Securities

Financial instruments issued by corporations, including stocks and bonds, representing ownership or debt obligations.