Certified Business Advisor (CBA)

Question 1

Which federal agency is primarily responsible for enforcing securities laws that affect small businesses seeking outside investors?

Federal Trade Commission (FTC) Securities and Exchange Commission (SEC) Small Business Administration (SBA) Consumer Financial Protection Bureau (CFPB)

Correct Answer:

Securities and Exchange Commission (SEC)

Question 2

A sole proprietorship differs from an LLC primarily because the sole proprietor:

Pays lower federal income tax rates Has unlimited personal liability for business debts Cannot hire employees Must register with the SEC

Correct Answer:

Has unlimited personal liability for business debts

Question 3

Under the Americans with Disabilities Act (ADA), which of the following businesses is generally required to provide reasonable accommodations?

Any business with at least 15 employees Only businesses with annual revenue over $1 million Only federal contractors Businesses with more than 500 employees only

Correct Answer:

Any business with at least 15 employees

Question 4

Which document establishes the internal governance rules for a corporation, including how meetings are conducted and officer roles?

Articles of Incorporation Operating Agreement Bylaws Certificate of Authority

Correct Answer:

Bylaws

Question 5

An employer who misclassifies a worker as an independent contractor instead of an employee may face liability for unpaid:

Sales taxes and import duties Payroll taxes, benefits, and overtime wages Licensing fees and permits Corporate income taxes only

Correct Answer:

Payroll taxes, benefits, and overtime wages

Question 1

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About this Exam

Prepare with the Certified Business Advisor (CBA) practice quiz. This question bank includes 30 questions covering client, financial, business, federal, and businesses. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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Certified Business Advisor (CBA)

This practice set contains 30 questions from the matching question bank and focuses on client, financial, business, federal, and businesses. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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About this Exam

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Certified Business Advisor (CBA)

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