Test 4 - Correct Answer: True Question 6 1 out of 1 points...

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Question 1 1 out of 1 points In performing the ________ function, managers measure the results of operations and compare them with the results laid out in original goals. Correct Answer: controlling Question 2 1 out of 1 points ________ skills are crucial to an ability to "think outside the box" to arrive at creative solutions to complex problems. Correct Answer: Conceptual Question 3 1 out of 1 points A sole proprietorship is a legal form of business ownership. Correct Answer: True Question 4 1 out of 1 points One drawback to incorporation one that often discourages small businesses from incorporating is the fact that corporations are costly to set up. Correct Answer: True Question 5 1 out of 1 points In a limited partnership, although one partner runs the business, any number of the others may have partial involvement in the business.
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Unformatted text preview: Correct Answer: True Question 6 1 out of 1 points A ________ is a business owned jointly by two or more people. Correct Answer: general partnership Question 7 1 out of 1 points When it distributes a portion of its income to shareholders in the form of cash payments, a corporation pays out ________. Correct Answer: dividends Question 1 out of 1 points 8 Some technologies, including voice mail and e-mail, have actually ________ work loads. Correct Answer: increased Question 9 1 out of 1 points As attorneys who share equal ownership, profits, and losses in their firm, Raymond James and Alexander Doss have opted for which legal form of business ownership? Correct Answer: partnership Question 10 1 out of 1 points A ________ is entirely separate from the parties who own it. Correct Answer: corporation...
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This note was uploaded on 02/10/2011 for the course BUSINESS 100 taught by Professor Notsure during the Spring '07 term at Edmonds Community College.

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Test 4 - Correct Answer: True Question 6 1 out of 1 points...

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