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WorksheetsEcon_industry
Total questions: 10
Worksheet time: 3mins
The key task of management is to adapt the organization or firm to its changing environment.
True
False
Maybe
I don't know
Business is an organized effort of individuals for the production of goods and services in order to satisfy the needs of the owners only.
True
False
Maybe
I don't know
When an investor is held personally liable for the debts incurred by his business, he is said to have a (a) liability.
Ability to have perpetual life.
Single/Sole proprietorship
Partnership
Corporation
Cooperative
Owners can mix personal and business assets.
Single/Sole proprietorship
Partnership
Corporation
Cooperative
Tax increases
Strength
Weakness
Opportunity
Threat
Labor costs
Political
Social
Economic
Technological
Juan dela Cruz and Pedro Santos are both engaged in the production of soaps and shampoos. They decided to join their businesses together in order to expand their market.
Partnership, Service
Partnership, Manufacturing
Partnership, Merchandising
Corporation, Manufacturing
(a) is the aggregation of the different business engaged in the same line of undertaking.
Author of FIVE FORCES OF COMPETITIVE ANALYSIS
Michael E. Porter
Gary E. Porter
Philip E. Porter
Gabriel E. Porter
