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

All businesses buy goods and services.

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

Most states require proprietorships to register a business name.

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

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

There is no difference between policies and procedures.

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

U.S. businesses were responsible for nearly ____ percent of the $77.6 trillion dollars of goods and services produced worldwide in 2014.

Over the next ten years, the number of contingent workers in the United States is expected to

The form of ownership most common among U.S. businesses is

All of the following types of businesses are producers EXCEPT

The easiest form of business to start is the

A partnership

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

The direction for a business comes from its

The obligation to complete specific work is called

In a matrix organizational structure (a) all employees with jobs related to the same function will work together

A business that is owned and operated by only one person.

The operating procedures for a corporation.

An automobile factory is this type of business.

Guidelines used in making consistent decisions.

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

A grocery store is this type of business.

A business owned and controlled by at least two people who have entered into a written agreement.

A written contract granting permission to operate a business.

An Internet service provider is this type of business.

Descriptions of the way work is to be done.

A temporary or _____ worker is one who has no explicit or implicit contract for long-term employment

The ____ is a written legal document that defines ownership and operating procedures and conditions for a corporation.

A(n) ____ is a diagram that shows the structure of a business, classifications of work and jobs, and the relationships among those classifications.