Which of the Following Are Examples of People Who Do

question 119

Multiple Choice

Which of the following are examples of people who do not have the capacity to enter into legally binding contracts?

• A)Those over the age of majority and those suffering from a mental illness.
• B)People suffering from physical illness and intoxicated persons.
• C)Intoxicated persons and those over the age of majority.
• D)Those under the age of 21 and those over the age of 70.
• E)People under the age of majority,people suffering from mental illness,and intoxicated persons.

Analyze the role of personal characteristics in successful entrepreneurship.

Understand the concept of a triggering event in the start-up process.

Differentiate between entrepreneurs and small business managers/owners.

Recognize the risks associated with entrepreneurship and strategies for managing them.

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Definitions:

Exemptions

Provisions that allow individuals or entities to be relieved from an obligation, such as taxes, previously imposed on them.

Corporate Income Taxes

Taxes imposed on the net income (profits) of corporations by the government.

Property Taxes

Government-imposed charges on property, calculated from the real estate's worth, intended to finance community facilities and public infrastructure.

Payroll Taxes

Payroll Taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.