Principles Of Business Ch. 5 Review Part I Question Preview (ID: 33311)
Review For Chapter 5 Test.
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Over the next decade, which of the following groups will experience a DECLINE in employment growth rates in the United States?
a) Hispanic-American workers
b) Asian-American workers
c) white, non-Hispanic workers
d) African-American workers
People born between 1946 and 1964 are generally referred to as
a) bohemians.
b) Generation X
c) Generation Y
d) baby boomers
A span of control is a diagram that shows the structure of an organization.
a) True
b) False
c)
d)
Most businesses use a functional organizational structure.
a) True
b) False
c)
d)
Many businesses fail in their first year of operation.
a) True
b) False
c)
d)
Nonprofit corporations do not have to pay corporate income taxes.
a) True
b) False
c)
d)
Only very large businesses can become corporations.
a) True
b) False
c)
d)
All businesses make products.
a) True
b) False
c)
d)
The largest number of U.S. businesses have no employees other than the owner.
a) True
b) False
c)
d)
When a large business opens in an area, other businesses often will locate there to support the larger business.
a) True
b) False
c)
d)
By 2014, it is expected that more than half of all jobs in the United States will be held by women.
a) True
b) False
c)
d)
From 1996 to 2006, total employment in the United States fell by nearly 14 percent.
a) True
b) False
c)
d)
What percentage of the U.S. workforce is made up of contingent workers?
a) 1 percent
b) 5 percent
c) 20 percent
d) 35 percent
About what percentage of U.S. businesses employ more than 100 workers?
a) less than 1 percent
b) 5 percent
c) 20 percent
d) 35 percent
Every business performs all of the following activities EXCEPT
a) maintaining business records.
b) manufacturing products.
c) raising capital.
d) buying goods and services.
Which of the following type of business is NOT a producer?
a) pharmacy
b) appliance factory
c) coal mine
d) chicken farm
Which major category of business is the fastest-growing in the U.S. economy?
a) producer
b) manufacturer
c) intermediary
d) service business
Business activities start with
a) service businesses
b) producers
c) intermediaries
d) marketers
Proprietorships
a) are owned and controlled by two or more people who have entered into a written agreement.
b) account for the largest percentage of business revenues in the United States.
c) are the easiest form of business to start.
d) protect the liability of the business owners to only the amount of money they have invested directly in the business.
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
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