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Worksheetstesyuk
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
The largest number of U.S. businesses have no employees other than the owner.
a)
true
b)
false
2.
All businesses make products.
a)
true
b)
false
3.
Nonprofit corporations do not have to pay corporate income taxes.
a)
true
b)
false
4.
In a partnership, each partner is liable for all the debts of the business if the business fails.
a)
true
b)
false
5.
Most businesses use a functional organizational structure.
a)
true
b)
false
6.
What percentage of the U.S. workforce is made up of contingent workers?
a)
1%
b)
5%
c)
20%
d)
35%
7.
Which of the following type of business is NOT a producer?
a)
pharmacy
b)
appliance factory
c)
coal mine
d)
chicken farm
8.
Of the MAJOR forms business ownership in the United States, the most difficult to form is a
a)
partnership
b)
franchise
c)
corporation
d)
proprietorship
9.
The people who make the major policy and financial decisions for a corporation are called the
a)
stockholders
b)
owners
c)
board of directors
d)
parners
10.
What is a business with 1 owner?
a)
proprietorship
b)
partnership
c)
corporation
11.
What is a business with 2 or more owners?
a)
proprietorship
b)
partnership
c)
corporation
12.
The employees aren't sure who they report to. The company does not seem to provide an adequate _______.
a)
mission statement
b)
span of control
c)
unity of command
d)
matrix structure
13.
a list of steps to be followed for performing a particular work activity; a description of the way work is to be done
a)
policies
b)
procedures
c)
partnership agreement
d)
extractors
14.
people born between 1946 & 1964
a)
old people
b)
grandparents
c)
baby boomers
d)
senior citizens
15.
What are the three categories of business?
a)
producers, intermediaries, farmers
b)
intermediaries, service businesses, manufacturers
c)
service businesses, manufacturers, corporations
d)
producers, intermediaries, service businesses
16.
A retailer is an example of a(n)
a)
extractor
b)
producer
c)
intermediary
d)
service business
17.
All investors in a general partnership have full liability for the debts of the business.
a)
true
b)
false
18.
A special form of business organization that combines advantages of a corporation and a partnership is a
a)
franchise
b)
nonprofit corporation
c)
cooperative
d)
limited liability company
19.
Which type of organizational structure would have a president and vice president?
a)
functional
b)
matrix
20.
Which type of organizational structure would have a group of people they work with temporarily?
a)
functional
b)
matrix
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