business

A business partnership has ___________ who share the risks and the profits.

• One owner
• No more than three owners
• Two or more owners
• Five or more owners

In which of the following would one person be responsible for all of the risks but also receive all of the profits?

• Corporation

• sole Proprietorship

• Partnership

• Dual owner business

Dan has $5,000. He wants to invest his money in the type of business that has the least amount of liability. In which type of business should he invest?

• corporation

• partnership

• sole proprietorship

This type of business is subject to many more laws and are more difficult to form.

• sole Proprietorship

• Partnership

• Corporation

• Franchise

Owners share the risks and the profits.

• sole Proprietorship

• Partnership

• Corporation

• None of the above

Which of the following is an advantage of the corporation as a form of business ownership:

• Less complex requirements
• Separate owners and managers
• Limited liability
• High Taxes

A manager striving to improve organisational __________ is accomplishing tasks that help fulfil organisational objectives.

• efficiency

• effectiveness

• functionality

• synergy

To achieve its goal of increased market share the Australian Football League (AFL) launched a program in Western Sydney to encourage girls to participate in AFL so as to increase their exercise output. Which management function was used to create this program?

• Controlling

• Leading

• Focusing

• Planning

A business school administrator who is determining what classes will be offered in which rooms and who will teach each specific class is involved in which classical management function?

• Making things happen

• Organizing

• Controlling

• Motivating

A personal trainer providing a meal plan and exercise regime for a new client is engaged in which management function?

• Planning

• Organising

• Controlling

• Leading