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WorksheetsIntro 2 Business Ch 6 Vocab
Total questions: 21
Worksheet time: 21mins
Name
Class
Date
1.
sole proprietorship
a)
A business owned by only one person
b)
A sociological, economic, or political subdivision of society
c)
Capable of being seen or noticed
d)
The power to influence or command thought, opinion, or behavior
e)
Coherent form or organization
2.
unlimited liability
a)
A liability that holds the owner fully responsible for a company’s debts
b)
A business owned by only one person
c)
A sociological, economic, or political subdivision of society
d)
Capable of being seen or noticed
e)
The power to influence or command thought, opinion, or behavior
3.
partnership
a)
A business owned by two or more people who share its risks and rewards
b)
A liability that holds the owner fully responsible for a company’s debts
c)
A business owned by only one person
d)
A sociological, economic, or political subdivision of society
e)
Capable of being seen or noticed
4.
corporation
a)
Company that is registered by a state and operates apart from its owners
b)
A business owned by two or more people who share its risks and rewards
c)
A liability that holds the owner fully responsible for a company’s debts
d)
A business owned by only one person
e)
A sociological, economic, or political subdivision of society
5.
limited liability
a)
A claim that holds a firm’s owners responsible for no more than the capital that they have invested in it
b)
Company that is registered by a state and operates apart from its owners
c)
A business owned by two or more people who share its risks and rewards
d)
A liability that holds the owner fully responsible for a company’s debts
e)
A business owned by only one person
6.
cooperative
a)
Organization that is owned and operated by its members
b)
A claim that holds a firm’s owners responsible for no more than the capital that they have invested in it
c)
Company that is registered by a state and operates apart from its owners
d)
A business owned by two or more people who share its risks and rewards
e)
A liability that holds the owner fully responsible for a company’s debts
7.
nonprofit organization
a)
A type of business that focuses on providing a service rather than making a profit
b)
Organization that is owned and operated by its members
c)
A claim that holds a firm’s owners responsible for no more than the capital that they have invested in it
d)
Company that is registered by a state and operates apart from its owners
e)
A business owned by two or more people who share its risks and rewards
8.
franchise
a)
Contractual agreement to use the name and sell the products or services of a company in a designated geographic area
b)
A type of business that focuses on providing a service rather than making a profit
c)
Organization that is owned and operated by its members
d)
A claim that holds a firm’s owners responsible for no more than the capital that they have invested in it
e)
Company that is registered by a state and operates apart from its owners
9.
sole
a)
Having no sharer; being the only one
b)
Contractual agreement to use the name and sell the products or services of a company in a designated geographic area
c)
A type of business that focuses on providing a service rather than making a profit
d)
Organization that is owned and operated by its members
e)
A claim that holds a firm’s owners responsible for no more than the capital that they have invested in it
10.
income
a)
A gain or recurrent benefit usually measured in money that derives from capital or labor
b)
Having no sharer; being the only one
c)
Contractual agreement to use the name and sell the products or services of a company in a designated geographic area
d)
A type of business that focuses on providing a service rather than making a profit
e)
Organization that is owned and operated by its members
11.
partner
a)
A member of a partnership, especially in a business regulate To bring under the control of law or constituted authority
b)
A gain or recurrent benefit usually measured in money that derives from capital or labor
c)
Having no sharer; being the only one
d)
Contractual agreement to use the name and sell the products or services of a company in a designated geographic area
e)
A type of business that focuses on providing a service rather than making a profit
12.
line authority
a)
An organizational structure in which managers at the top of the line are in charge of those beneath them, and so on
b)
A member of a partnership, especially in a business regulate To bring under the control of law or constituted authority
c)
A gain or recurrent benefit usually measured in money that derives from capital or labor
d)
Having no sharer; being the only one
e)
Contractual agreement to use the name and sell the products or services of a company in a designated geographic area
13.
line and staff authority
a)
An organizational structure with direct lines of authority as well as staff who advise line personnel
b)
An organizational structure in which managers at the top of the line are in charge of those beneath them, and so on
c)
A member of a partnership, especially in a business regulate To bring under the control of law or constituted authority
d)
A gain or recurrent benefit usually measured in money that derives from capital or labor
e)
Having no sharer; being the only one
14.
centralized organization
a)
An organization that puts authority in one place—with top management
b)
An organizational structure with direct lines of authority as well as staff who advise line personnel
c)
An organizational structure in which managers at the top of the line are in charge of those beneath them, and so on
d)
A member of a partnership, especially in a business regulate To bring under the control of law or constituted authority
e)
A gain or recurrent benefit usually measured in money that derives from capital or labor
15.
decentralized organization
a)
An organization that gives authority to a number of different managers
b)
An organization that puts authority in one place—with top management
c)
An organizational structure with direct lines of authority as well as staff who advise line personnel
d)
An organizational structure in which managers at the top of the line are in charge of those beneath them, and so on
e)
A member of a partnership, especially in a business regulate To bring under the control of law or constituted authority
16.
departmentalization
a)
Dividing responsibility among specific units, or departments
b)
An organization that gives authority to a number of different managers
c)
An organization that puts authority in one place—with top management
d)
An organizational structure with direct lines of authority as well as staff who advise line personnel
e)
An organizational structure in which managers at the top of the line are in charge of those beneath them, and so on
17.
entry-level job
a)
Job suitable for a worker who is new to a job, field, or subject
b)
Dividing responsibility among specific units, or departments
c)
An organization that gives authority to a number of different managers
d)
An organization that puts authority in one place—with top management
e)
An organizational structure with direct lines of authority as well as staff who advise line personnel
18.
structure
a)
Coherent form or organization
b)
Job suitable for a worker who is new to a job, field, or subject
c)
Dividing responsibility among specific units, or departments
d)
An organization that gives authority to a number of different managers
e)
An organization that puts authority in one place—with top management
19.
authority
a)
The power to influence or command thought, opinion, or behavior
b)
Coherent form or organization
c)
Job suitable for a worker who is new to a job, field, or subject
d)
Dividing responsibility among specific units, or departments
e)
An organization that gives authority to a number of different managers
20.
evident
a)
Capable of being seen or noticed
b)
The power to influence or command thought, opinion, or behavior
c)
Coherent form or organization
d)
Job suitable for a worker who is new to a job, field, or subject
e)
Dividing responsibility among specific units, or departments
21.
sector
a)
A sociological, economic, or political subdivision of society
b)
Capable of being seen or noticed
c)
The power to influence or command thought, opinion, or behavior
d)
Coherent form or organization
e)
Job suitable for a worker who is new to a job, field, or subject
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