

Business Foundations - Chp. 5
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
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27 questions
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1.
FLASHCARD QUESTION
Front
The people who make the major policy and financial decisions for a corporation are called the
Back
board of directors
2.
FLASHCARD QUESTION
Front
What is a business with one owner?
Back
proprietorship
3.
FLASHCARD QUESTION
Front
What is a business with two or more owners?
Back
partnership
4.
FLASHCARD QUESTION
Front
One who has no explicit (clear/obvious) or implicit (vague/implied) contract for long-term employment
Back
contingent worker
5.
FLASHCARD QUESTION
Front
Business involved in selling the goods and services of producers to consumer and other businesses.
Back
intermediaries
6.
FLASHCARD QUESTION
Front
A business that carries out activities that are consumed by its consumers.
Back
service business
7.
FLASHCARD QUESTION
Front
A business owned and run by just one person.
Back
proprietorship
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