By 2012, it is expected that over 60 percent of all jobs in the U.S. will be held by women.

Most U.S. businesses have no employees other than the owner.

When a large business opens in an area, other businesses will often locate their to support the larger business.

All businesses make products.

Only very large businesses can become corporations.

Nonprofit corporations do not have to pay corporate income taxes.

Few businesses maintain their success for the lifetime of the owner.

Most businesses use a functional organizational structure.

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A span of control is a diagram that shows the structure of an organization.

People born between 1946 and 1964 are generally referred to as

Over the next decade, which of the following groups will experience a DECLINE in employment growth rates in the United States?

What percentage of the U.S. workforce is made up of contingent workers?

About what percentage of U.S. businesses employ 100 or more workers?

Every business performs all of the following activities EXCEPT

Which of the following type of business is NOT a producer?

Which major category of business is the fastest-growing in the U.S. economy?

Business activities start with

Proprietorships

QOf the MAJOR forms business ownership in the U.S., which is the LEAST common?

Which of the following would typically NOT be specified in a partnership agreement?

A written legal document defining ownership and operating procedures and conditions for a corporation is called the

The people who make the major policy and financial decisions for a corporation are called the

A unique business organized by two or more other businesses to operate for a limited time and for a specific project is called a

A(n) ____ is a written contract granting permission to operate a business to sell products and services in a set way.

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

“After receiving a shipment, the warehouse supervisor and warehouse clerk must check the goods against the shipping invoice to verify that all items have been delivered as required. If the items are satisfactory, the supervisor may take delivery by signing and dating the invoice.” This is an example of a ___________.

The right to make decisions about how responsibilities should be achieved is called __________.

Employees at the Trexel Company are frequently confused about their assignments, and many employees are unclear about who exactly they report to. Trexel Company does not seem to provide an adequate __________.

A major advantage of a functional organizational structure is that ________.

A(n) _________ worker is one who has no explicit or implicit contract for long-term employment.

______________ activities are directed at providing the goods and services wanted by a business’s customers.

___________ are businesses involved in selling the goods and services of producers to consumers and other businesses.

A business that takes resources from nature for direct consumption or for use in developing other products is a specific type of producer called a(n) __________.

A(n) ________ is a business owned and run by just one person.

A business formed as a(n) __________ is a separate legal entity formed by documents filed with the state.

A corporation must create corporate __________ that are the operating procedures for the company.

In a(n) __________, all income is passed through to the owners based on their investment and is taxed on their individual tax returns.

A(n) _________ is a short, specific written statement of the reason a business exists and what it wants to achieve.

Sometimes a group of people forms a(n) __________ to provide goods and services that they all need; it is owned by members, serves their needs, and is managed in their interest.

A(n) _________ combines the best features of a partnership and a corporation and provides liability protection for owners.

__________ are guidelines used in making consistent decisions.

Unity of __________ means that there is a clear reporting relationship for all staff of a business.

In a(n) __________ organizational structure, work is structured around specific projects, products, or customer groups.

__________ is the obligation to complete specific work