Business Organization Unit Exam

The percentage of white workers in the U.S. Labor force is expected to increase greatly over the next 5 to 10 years.

• True
• false

The most important role of business is to provide employment for people.

• True
• false

All businesses buy goods and Services.

• True
• false

Service jobs are the lowest paying jobs in the U.S. economy.

• True
• false

Most states require proprietorships to register their name.

• True
• false

A corporation's owners have access to profits only if the board of directors approves it.

• True
• false

A coopertive is a special type of corporation that allows all income to be passed through to owners based on their individual tax return.

• True
• false

A goal is a precise statement of results the business expects to achieve.

• True
• false

There is no difference between policies and procedures.

• T
• F

Unity of command is the number of employees who are assigned to a particular work task and manager

• True
• false