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WorksheetsUnit 2 Review
Total questions: 60
Worksheet time: 50mins
What is a disadvantage of a sole proprietorship?
Easy to set up
Total liability falls on owner
Must split profits between owners
Liability falls on company
What is a disadvantage of a partnership?
Easy to set up
Total liability falls on owner
Must split profits between owners
Liability falls on company
What is a Corporation/LLC
A type of business ownership that takes liability off of the owner(s)
A type of business ownership that adds liability to the owner(s)
The easiest type of business ownership to set up
The cheapest type of business ownership to set up
Owners split liability in which type of business ownership?
Sole proprietorship
LLC/ Corporation
Partnership
Laissez-Faire
What type of business ownership has to deal with double taxation?
Partnership
Non-profit
Sole Proprietorship
Corporation
Which is not formed by just deciding to create a business?
Sole Proprietorship
Corporation
Partnership
All other answers
Which of the following is NOT a type of business ownership?
partnership
sole proprietorship
entrepreneurship
franchise
Which of the following is a type of business which operates as a separate legal entity?
corporation
franchise
partnership
sole partnership
Which of the following is defined as a business which is owned and operated by one individual?
partnership
sole proprietorship
entrepreneurship
franchise
A _____ is owned and operated by one individual; an example would be a plumber.
franchise
partnership
sole propietorship
corporation
If you have full responsibility for your business debts this is known as ...
Unlimited Liability
Limited Liability
Personal Liability
What type of business ownership would be best for a trail riding business?
LLC
Non profit
Sole Proprietorship
Partnership
Developing a weekly employee work schedule is an example of...
Planning
Organizing / Staffing
Leading
Controlling
Training employees on clean-up procedures of your restaurant is an example of...
Planning
Organizing / Staffing
Leading
Controlling
Counting up the day’s sales and reporting it to the owner is an example of...
Planning
Organizing / Staffing
Leading
Controlling
Creating a training manual for new employees is an example of...
Planning
Organizing / Staffing
Leading
Controlling
Conducting a semi-annual employee evaluation with all staff is an example of...
Planning
Organizing / Staffing
Leading
Controlling
Creating a company mission statement is an example of...
Planning
Organizing / Staffing
Leading
Controlling
Assigning aisles and stocking protocols to stockers in the grocery department is an example of...
Planning
Organizing / Staffing
Leading
Controlling
who is the decision making left to in laissez faire leadership?
bill gates
managers
employees
assistances
This leadership style can be effective in situations where group members are highly qualified in an area of expertise.
Autocratic
Democratic
Laissez-Faire
Situational
This leader encourages group members to participate, and may ask for a majority vote to make decisions.
Autocratic
Democratic
Open/Laissez-Faire
Situational
This leader offers little or no guidance and leaves decision- making up to the group.
Autocratic
Democratic
Open/Laissez-Faire
Someone who leads a group of people to accomplish a task.
mentor
leader
employee
Characteristics of a Leader (Click all that apply)
Laziness
Honesty
Hardworking
Mean
Open-minded
Which of these is NOT a good characteristic in a leader?
Integrity
GRIT
Demanding
Adaptable
Accountability
Which of these are good characteristics in a leader?
Vindictive
Patient
Reliable
Understanding
On a power trip
If you DO NOT have full responsibility for your business debts this is known as ...
Unlimited Liability
Limited Liability
Personal Liability
What type of organizational structure is shown
none of the answers
centralized authority
staff authority
line authority
What type of organizational structure is shown
none of the answers
centralized authority
staff authority
line authority
What does an organizational chart show?
what controls who
who controls who
who controls what
what controls what
What are the three levels of management?
Top-Level
President
Middle- Level
Operational
What does middle level management do?
Carry out the decisions of top management
Responsible for daily operations
Set goals and plan for the future
All other answers
What does top level management do?
Carry out the decisions of top management
Responsible for daily operations
Set goals and plan for the future
All other answers
What does operational management do?
Carry out the decisions of top management
Responsible for daily operations
Set goals and plan for the future
All other answers
Which is not a skill of managers?
ability to multi-task
rime management
interpersonal skills
command others to do what you want
communicate with others
Which is a disadvantage of management?
responsibility of problems
influence over decisions
respect
prestige
Which are advantages of management?
work extra
respect
more pay
making unpopular decisions
what is teamwork?
people working together to accomplish a common goal.
the ability to manage, support, and guide a group of people
letting one person do all of the work.
the ability to handle delicate situations appropriately
Which of the following is considered the action of leading a group of people?
Leadership
Teamwork
Following
Facilitating
Believing others on your team will do their part is an example of...
trust
communication
leadership
religion
Servant Leadership is a leadership in which the main goal is to ?
Boss around
Stick to the rules
Serve
Entertain others
Kim Jong-un is an example of what type of leadership
Authoritarian Leadership
Servant Ledership
Bureaucratic Leadership
Transformational Leadership
Steve Jobs was a transformational leader. This means that he
imposed his will and perspective on others
was completely hands off and never spoke to others
was known for taking new initiatives and promoting the flow of innovative ideas
asked to take majority vote on all new ideas presented
