A _____ Is a Unit Recognized as Having Rights and Duties

question 39

Multiple Choice

A _____ is a unit recognized as having rights and duties apart from the owners of the company.

• A) retainer
• B) utility patent
• C) legal entity
• D) sole proprietorship

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Definitions:

Unreasonable Risks

Risks associated with a product or activity that exceed what would be considered acceptable or safe under normal circumstances.

Reasonably Safe Conditions

Conditions that do not present a significant risk of harm to individuals and are maintained according to accepted standards of safety.

Agency Contract

A legal agreement where one party, the agent, acts on behalf of another party, the principal, in business transactions.

More Than One Year

Typically refers to obligations or assets that have a life or duration longer than one year from the current date.