Chapter 5 Review Material - Principles of Marketing

Front

By 2029, it is expected that more than half of all jobs in the United States will be held by women.

Back

False. By 2029, nearly 48 percent of jobs in the United States will be held by women.

Front

Nonprofit corporations do not have to pay corporate income taxes.

Back

True. Unlike for-profit corporations, nonprofit corporations are free from corporate income taxes.

Front

In a partnership, each partner is liable for all the debts of the business if the business fails.

Back

True. In a partnership, partners are responsible for key business decisions and functions, and each partner is liable for all business debts if it fails.

Front

Most businesses use a functional organizational structure.

Back

True. The functional organizational structure is used by most businesses.

Front

People born between 1946 and 1964 are generally referred to as baby boomers.

Back

True. Baby boomers are the people born between these years.

Front

Percentage of U.S. workers employed by businesses that employ more than 100 workers.

Back

According to the U.S. Bureau of Labor Statistics, the percentage of workers in businesses that employ over 100 workers is 2.4 percent.

Front

The easiest form of business to start.

Back

Proprietorship

Front

Corporations have more legal requirements to meet than proprietorships or partnerships.

Back

True

Front

A partnership agreement typically identifies the business name and investments.

Back

True

Front

A partnership agreement shows how profits and losses are divided among partners.

Back

True