WorksheetsIntro - Ch. 5 Review
Total questions: 14
Worksheet time: 7mins
A large portion of our population that was responsible for dominating our workforce. This group is retiring in the next few years thus creating many new jobs.
Baby Boomers
Millenials
Gen X'ers
Gen Y'ers
The largest percentage of businesses in the U.S. are what size?
over 100 employees
1 - 19 employees
20 - 99 employees
owner only
All of the following are roles a business plays EXCEPT
Pay taxes
Use profits to compensate owners & employees
Provide employment
Make a profit
Businesses are responsible for buying goods and services from other businesses.
True
False
One of the most important business activities include generating ideas.
True
False
There are all types of business types. Producers is a large category of this. What is an example of a producing company?
Farmer
Mechanic shop
Ice Cream shop
Amazon
Businesses involved in selling the goods and services of producers to consumers and other businesses are called what?
Consumers
Customers
Intermediaries
Producers
The 3 MAIN forms of business ownership are
Sole proprietorship, partnership, corporation
Sole proprietorship, cooperative, corporation
Sole proprietorship, franchise, corporation
Cooperative, franchise, partnership
This form of business ownership accounts for more than 66% of all U.S. businesses.
Franchise
Partnership
Corporation
Sole proprietorship
A form of ownership where 2 or more people are owners is called..
Sole proprietorship
Corporation
Partnership
If you are a part owner in a corporation (a.k.a. a stockholder) you will receive ____ if your company make a profit.
Dividends
Stock options
Stocks
Bonds
A statement that is a short, specific written statement of the reason a business exists and what it wants to achieve is known as a(n)
Vision statement
Orientation statement
Mission statement
Goal statement
Guidelines used in making consistent decisions are known as
Goals
Procedures
Policies
Missions
Descriptions of the way work is to be done are known as
Goals
Policies
Procedures
Junk
