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