WorksheetsChapter 6 Review
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
A sole proprietorship must be chartered by the state in which it is located.
a)
True
b)
False
2.
A partnership is owned by two or more people who own shares of stock in the company.
a)
True
b)
False
3.
Goals must be set in order to perform the management activity of controlling.
a)
True
b)
False
4.
Franchises can be operated only as sole proprietorships or partnerships.
a)
True
b)
False
5.
The person or group who receives a franchise is called the franchisee.
a)
True
b)
False
6.
People who become part owners of a corporation are called
a)
partners
b)
special owners
c)
shareholders
d)
cooperative owners
7.
The part of the profits that are paid to shareholders is called
a)
excess profit
b)
surplus
c)
a dividend
d)
none of the above
8.
The management activity that occurs when management asks the questions, "Did the business accomplish what it was supposed to accomplish?" is called
a)
planning
b)
organizing
c)
staffing
d)
controlling
9.
The process of determining responsibilities and deciding how they will be divided falls under this management activity
a)
planning
b)
organizing
c)
staffing
d)
leading
10.
A shareholders piece of the corporations profits is called a
a)
dividend
b)
return on investment
c)
salary
d)
franchise
100 %
