Intro to Business: Ch. 5 Review

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

• True
• False

All businesses make products.

• True
• False

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

• True
• False

Only very large businesses can become corporations.

• True
• False

Many businesses fail in their first year of operation.

• True
• False

Most businesses use a functional organization structure.

• True
• False

About what percentage of U.S. businesses employ more than 100 workers?

• less than 1%
• 5%
• 20%
• 35%

Every business performs all of the following activities EXCEPT

• maintaining business records
• manufacturing products
• raising capital
• buying goods and services

Which of the following type of business is NOT a producer?

• pharmacy
• appliance factory
• coal mine
• chicken farm

Which major category of business is the fastest-growing in the U.S. economy?

• producer
• manufacturer
• intermediary
• service business