Business Organization

Front

The Great Recession from 2007 through 2009 resulted in a loss of more than 8.7 million jobs. The same number of jobs had been returned by 2014. True or False?

Back

False

Front

By 2029, it is expected that more than half of all jobs in the United States will be held by women. True or False?

Back

False

Front

Most employees in the United States work in businesses that employ one to four people.

Back

True

Front

When a large business opens in an area, other businesses often will locate there to support the larger business.

Back

True

Front

Do all businesses make products?

Back

False

Front

Only very large businesses can become corporations.

Back

False

Front

Do nonprofit corporations have to pay corporate income taxes?

Back

No, nonprofit corporations do not have to pay corporate income taxes.

Front

In a partnership, each partner is liable for all the debts of the business if the business fails.

Back

True

Front

Most businesses use a functional organizational structure.

Back

True

Front

A span of control is a diagram that shows the structure of an organization.

Back

False