Private Practice, Consulting and Business Flashcards
1
Q
certificate of authorization
A
- permit to practice
- allows individuals and business to offer and provide professional services to the public
2
Q
sole proprietor ship
A
one person business
3
Q
General partnership
A
2 or more people manage the business and share profits. everyone liable
4
Q
limited partnership
A
limited partner only contributes financially and does not contribute to management.
only liable for assets contributed and for own misconduct
5
Q
six quality based selection (QBS) for selecting an engineering firm
A
selecting an engineering firm based on:
- competence
- managerial ability
- experience
- performance
- local knowledge
- professional integrity
