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PBM Module 5 Test: Organization of Business

Quiz by Pa'Trice Day Owens

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30 questions
Show answers
  • Q1
    The largest number of U. S. business employ
    No employees other that the owner (proprietorships)
    Over 100 people
    Between 10 and 20 people
    Between 50 and 100 people
    60s
  • Q2
    A retailer is an example of
    Producer
    Extractor
    Intermediary
    Service Business
    60s
  • Q3
    Contingent workers, minorities and _______________ are expected to increase as a percentage of the total workforce in the next decade.
    Baby Boomers
    Licensed Professionals
    Seasonal Employees
    Women
    60s
  • Q4
    The first basic activity of all businesses is to generate ideas.
    False
    True
    60s
  • Q5
    Which of the following is NOT a role of business in the US Economy
    Pay taxes
    Comply with government regulations
    Provide employment
    Make and distribute goods and services
    60s
  • Q6
    Retailers and wholesalers are intermediaries between the producers and the ________________.
    Producers
    Extractors
    Consumers
    Service businesses
    60s
  • Q7
    After a business generates ideas, it must then
    Raise capital (money)
    All of the answers listed
    Apply for a patent
    Advertise
    60s
  • Q8
    A baby boomer is someone that was born between 1946 and _______.
    1956
    1964
    1971
    1949
    60s
  • Q9
    _____________________ means there is a clear reporting relationship for all staff of a business.
    Accountability
    Unity of Command
    Responsibility
    Organization
    60s
  • Q10
    _____________________ is the number of employees who are assigned to a particular work task and manager
    Workforce
    Unity of Command
    Task committee
    Span of control
    60s
  • Q11
    A __________________ is the way work should be done.
    Procedure
    Goal
    Policy
    Mission Statement
    60s
  • Q12
    An organization structure that centers around the specific projects, products, or customer groups is called
    Matrix organizational structure
    Functional organizational structure
    None of the answers listed.
    Organizational chart
    60s
  • Q13
    A reason people choose a sole proprietorship is they prefer to work for themselves.
    False
    True
    60s
  • Q14
    The direction for a business comes from its policies and procedures
    True
    False
    60s
  • Q15
    The obligation to complete a specific work is
    Authority
    Accountability
    Recognition
    Responsibility
    60s

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