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WorksheetsDomestic & Global Business Environments
Total questions: 14
Worksheet time: 8mins
A business that has been granted tax-exempt status by the IRS because it furthers a social cause and benefits the public. Donations made to a non-profit organization are received donations or fundraising activities with the public.
incorporation
Limited Liability
non-profit
for-profit
_________ is the legal process used to form a corporate entity or company. A ________ is the resulting legal entity that separates the firm's assets and income from its owners and investors.
limited liability/ corporation
incorporation/ corporation
incorporation/ limited liability
corporation/
incorporation
A type of legal structure for an organization where a corporate loss will not exceed the amount invested in a partnership or ______ company. In other words, investors and owners private assets are not at risk if the company fails.
Limited Liability
Incorporation
Non-Profit
Corporation
An entity whose primary goal is to earn a profit.
Incorporation
Non-Profit
Corporation
For-Profit
Transportation systems are designed to withstand (a) .
Education continues to grow each year which will benefit the economy and business environments.
True
False
When ______ grows it puts more pressure on domestic and international business transportation due to public needs and forces businesses and transportation to expand and grow therefore benefiting the economy.
taxes
education
population size
Companies would be less efficient by using native languages in their internal communication, and avoid unexpected or unwanted reactions from their employees and associates, since these reactions could be bad for your business.
False
True
(a) are at the core of every business. They're what the business stands for, the principles or philosophy.
Increase or decrease on tax will affect businesses because it will increase for some and decrease for others due to government policies.
True
False
A trade restriction adopted by a government, a group of countries, or an international organization as an economic sanction/ban.
quota
tax
tarrif
embargo
A tax or duty to be paid on a particular class of imports or exports.
tarrif
embargo
quota
tax
A limited quantity of a particular product which under official controls can be produced, exported, or imported.
embargo
tarrif
quota
(a) are guidelines that people live by to make sure they are doing the right thing.
