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Unit 4: Business Ownership and Government Regulations

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

an organization that represent the interests of workers in an organization

a)

Trade union

b)

Franchise

c)

Independent Contractor

d)

Lean Methodology

2.

a licensing relationship in which a franchisor gives a franchisee a license to do business under their brand name

a)

Franchise

b)

Full-time employee

c)

lobbyist

d)

Management Styles

3.

a permanent worker who is paid a salary by a company

a)

Full-time employee

b)

licensee

c)

lincensor

d)

Franchise

4.

a worker hired on a project-by-project basis to complete a set of tasks

a)

Independent contractor

b)

Trade Union

c)

Shareholders

d)

Recurring costs

5.

the process of continuously testing and improving different versions of the product with customers to find the one that offers the greatest value

a)

Lean methodology

b)

Full-time employee

c)

licensor

d)

Political Action Committee

6.

a company that is granted the right to the manufacture licensed products

a)

Licensee

b)

Franchise

c)

Lobbyist

d)

Trade Union

7.

a business that gives another company permission to manufacture its products in exchange for a percentage of sales

a)

Licensor

b)

Management styles

c)

Shareholders

d)

Recurring costs

8.

a person who meets with senators, representatives, or other staff members of the government to propose different changes to laws affecting a business

a)

Lobbyist

b)

Recurring Costs

c)

Trade Union

d)

Shareholders

9.

principles that influence how business leaders and company managers make decisions relating to their subordinates

a)

Management styles

b)

Lean methodology

c)

Licensee

d)

Independent contractor

10.

An organization that collects money from employees and distributes it to political candidates to indirectly influence their decisions

a)

Political Action Committee

b)

Franchise

c)

Lincensor

d)

Shareholders

11.

business costs that are paid on a regular basis

a)

Recurring costs

b)

Trade Union

c)

Full-time employee

d)

Franchise

12.

people who own shares of a corporation

a)

Shareholders

b)

Independent Contractor

c)

Full-time employee

d)

Licensor