WorksheetsCh 5 Bus Org (Intro Bus)
Total questions: 30
Worksheet time: 15mins
Name
Class
Date
1.
The percentage of white workers in the U.S.
labor force is expected to increase greatly over the next 5 to 10 years.
a)
True
b)
False
2.
Most states require proprietorships to
register a business name.
a)
True
b)
False
3.
There is no difference between policies and
procedures.
a)
True
b)
False
4.
Service jobs are the lowest paying jobs in the
U.S. economy.
a)
True
b)
False
5.
A goal is a precise statement of results the
business expects to achieve.
a)
True
b)
False
6.
All businesses buy goods and services.
a)
True
b)
False
7.
A cooperative is a special type of corporation
that allows all income to be passed through to owners based on their investment
and is taxed on their individual tax returns.
a)
True
b)
False
8.
The most important role of business is to
provide employment for people.
a)
True
b)
False
9.
A corporation’s owners have access to profits
only if the board of directors approves it.
a)
True
b)
False
10.
Unity of command is the number of employees who
are assigned to a particular work task and manager.
a)
True
b)
False
11.
A business is owned and operated by only
one person.
a)
proprietorship
b)
partnership
c)
corporaton
12.
The people who make the major policy and
financial decisions for a corporation.
a)
Owners
b)
Board of Directors
c)
shareholders
13.
An Internet service provider is this type
of business.
a)
intermediary
b)
franchise
c)
service business
14.
Guidelines used in making consistent decisions.
a)
policies
b)
procedures
c)
laws
15.
A written contract granting
permission to operate a business.
a)
intermediary
b)
franchise
c)
proprietorship
16.
An automobile factory is this type of
business.
a)
intermediary
b)
service business
c)
producer
17.
A business owned and controlled by at least two
people who have entered into a written agreement.
a)
proprietorship
b)
partnership
c)
corporation
18.
The operating procedures for a corporation.
a)
policies
b)
procedures
c)
corporate bylaws
19.
A grocery store is this type of business.
a)
intermediary
b)
service business
c)
producer
20.
Descriptions of the way work is
to be done.
a)
policies
b)
franchise
c)
procedures
21.
Over the next 10 years, the numbers of
contingent workers is the United States is expected to
a)
decrease by half
b)
nearly double
c)
increase about 10%
d)
stay the same
22.
A partnership
a)
requires at least 2 owners
b)
funded through sale of stock
c)
limits the liability of the owners to the amt of money invested
d)
is the most common form of bus ownership in U.S.
23.
The obligation to complete specific work is
called
a)
authority
b)
accountability
c)
span of control
d)
responsibility
24.
The form of ownership most common among U.S.
businesses is
a)
partnership
b)
corporation
c)
nonprofit
d)
proprietorship
25.
A unique business organized by two or more other
businesses to operate for a limited time and for a specific project is a
a)
joint venture
b)
franchise
c)
limited liability partnership
d)
limited liability company
26.
All of the following types of businesses are producers
EXCEPT
a)
farmers
b)
extractors
c)
retailers
d)
manufacturers
27.
The direction for a business comes from its
a)
mission statement
b)
policy manual
c)
corporate bylaws
d)
code of ethics
28.
Baby boomers have dominated the U.S. labor
market since they began working in the
a)
1950s
b)
1960s
c)
1970s
d)
1980s
29.
The easiest form of business to start is the
a)
nonprofit
b)
partnership
c)
proprietorship
d)
S corporation
30.
. In a
matrix organizational structure
a)
specific tasks often become more important to
workers than the business’s overall success
b)
all employees with jobs related to the same
function will work together
c)
people work with others who have the same skills
d)
work is structured around particular projects,
products, or customer groups
100 %
