Intro to Business Final

By 2022, the average age of a worker in the U.S. will be under 50.

• True
• False

The largest number of U.S. businesses have no employees other than the owner.

• True
• False

When a large business opens in an area, other businesses often will locate there to support the  larger business.

• True
• False

All businesses manufacture products.

• True
• False

When you purchase stock you are becoming part owner in a corporation.

• True
• False

Many businesses fail in their first year of operation.   

• True 
• False

People born post World War II (1946 and 1964) are generally referred to as:

• Bohemians
• Generation X
• Generation Y
• Baby boomers

Over the next decade, which of the following groups will experience a DECLINE in employment growth rates in the United States?

• Asian-American workers
• Hispanic-American workers
• White non-Hispanic workers
• African-American workers

A written legal document defining ownership and operating procedures and conditions for a corporation is called the:

• Corporate code of ethics
• Partnership agreement
• Articles of confederation
• Articles of incorporation 

The people who make the major policy and financial decisions for a corporation are called the:

• Stockholders
• Owners
• Board of Directors
• Partners