Study Guide: Chapter 5 – Business Organization

Front

The most important role of businesses is to: Provide employment opportunities, Support government funding, Earn profits for owners, Produce and distribute goods and services

Back

Produce and distribute goods and services

Front

A contingent worker is one who:

Back

Works without a long-term contract

Front

Which of the following is a producer? Retailer, Dentist, Manufacturer, Wholesaler

Back

Manufacturer

Front

Which of the following is an intermediary? Extractor, Manufacturer, Farmer, Retailer

Back

Retailer

Front

Which of the following is a service business? Car manufacturer, Grocery store, Bank, Clothing distributor

Back

Bank

Front

Which group has dominated the labor force since the 1960s?

Back

Baby boomers

Front

Over the next ten years, the number of contingent workers is expected to: Stay the same, Decrease by half, Increase, Disappear

Back

Increase

Front

All businesses perform which basic activity?

Back

Buy goods and services

Front

Which of the following business types is considered a producer? Extractor, Retailer, Service business, Franchise

Back

Extractor

Front

Service jobs typically:

Back

Pay lower wages than manufacturing or professional jobs