Business Basics

A single unit business is also called an independent business.

Which form of ownership is run by only one person?

Which form of ownership is run by stockholders?

In a partnership there is no need to sign a contract. Partners should trust each other in business.

An owner of a chain who sells franchises is called a ____________

One of these is NOT a 5 major function of management.

A(n) _________________ shows how tasks are organized, who performs them, and the levels of responsibility.

One of these is NOT an activity for staffing

Which one of these is an example of upper management of a corporation?

Which one of these is an example of Supervisory Management of a small business?