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Business Management And Law Ch 4 (part3)
Test Description: Third part of Chapter 4 Test Review
Instructions: Answer all questions to get your test result.
1) A business owned by one person
A
producer
B
proprietorship
C
procedure
D
partnership
2) The operating procedures for a corporation
A
articles of incorporation
B
corporate bylaws
C
procedures
D
policies
3) Guidelines used in making consistent decisions are called
A
procedures.
B
goals.
C
policies.
D
codes of ethics.
4) People who make the major policy and financial decisions for a corporation
A
board of directors
B
general partners
C
shareholders
D
corporate officers
5) A convenience store is this type of business
A
extractor
B
service business
C
intermediary
D
producer
6) A furniture factory is this type of business
A
farmer
B
producer
C
service business
D
intermediary
7) A business owned and controlled by two or more people who have entered into a written agreement
A
proprietorship
B
corporation
C
service business
D
partnership
8) A written contract granting permission to operate a certain type of business in a certain way
A
incentive contract
B
franchise
C
bilateral contract
D
service contract
9) A dentist's office is this type of business
A
professional
B
extractor
C
service
D
producer
10) Descriptions of the way work is to be done.
A
bylaws
B
policies
C
procedures
D
code of ethics
*select an answer for all questions
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