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Business in the US Economy
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Types of Businesses
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Business Ownership
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Organizational Structure
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Vocabulary
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Business in the US Economy Organizational Structure
Types of Businesses Business Ownership Organizational Structure Vocabulary $ $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500
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People born between 1946 and 1964 are referred to as this
C 1 - $100 People born between 1946 and 1964 are referred to as this
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About what % of the US workforce is made up of contingent workers?
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About what % of US businesses employ more than 100 workers?
C 1 - $300 About what % of US businesses employ more than 100 workers?
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C 1 - $400 Which group is expected to experience a decline in employment growth rate in the next decade
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C 1 - $500 What % of the $70 Trillion world wide production of Goods and Services is from the USA?
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C 2 - $100 Which major category of business is the fastest-growing in the US economy
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C 2 - $200 Business that takes resources from nature for consumption or making other products
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C 2 - $300 Businesses that get supplies from other producers and convert them into products they sell to consumers and businesses
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C 2 - $400 Businesses involved in selling the goods and services of producers to consumers and other businesses
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C 2 - $500 People who cultivate land and use other natural resources to grow crops and raise livestock for consumption
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The people who make the major policy and financial decisions for
a corporation
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C 3 - $200 A group of people who join to do some activity that benefits the public
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The easiest form of business to start
C 3 - $300 The easiest form of business to start
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The most difficult of the major forms of business to start
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C 3 - $500 A written legal document defining ownership procedures and conditions for a corporation
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A precise statement of the results a business expects to achieve
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C 4 - $200 A short specific written statement of the reason a business exists and what it wants to achieve
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Guidelines used in making consistent decisions
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C 4 - $400 Descriptions of the way work is to be done
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C 4 - $500 People working with others who have the same skills is an advantage of which structure
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C 5 - $100 The company that owns the product or service and grants the right to another business
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C 5 - $200 A business formed and owned by members to serve their needs and buy and sell products for members
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The company purchasing the rights to run the business
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C 5 - $400 A diagram that shows the structure of an organization, classifications of jobs, and how they are related
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The operating procedures for a corporation
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C 1 A - $100 Baby Boomers $
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C 1 A - $200 5 Percent $
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C 1 A - $300 Less than 1 percent $
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White non-Hispanic workers
C 1 A - $400 White non-Hispanic workers $
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C 1 A - $500 20% $
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C 2 A - $100 Service business $
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C 2 A - $200 Extractor $
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C 2 A - $300 Manufacturers $
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C 2 A - $400 Intermediaries $
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C 2 A - $500 Farmers $
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C 3 A - $100 Board of Directors $
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Nonprofit Organization
C 3 A - $200 Nonprofit Organization $
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C 3 A - $300 Proprietorships $
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C 3 A - $400 Corporation $
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Articles of Incorporation
C 3 A - $500 Articles of Incorporation $
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C 4 A - $100 Goal $
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C 4 A - $200 Mission Statement $
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C 4 A - $300 Policies $
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C 4 A - $400 Procedures $
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Functional Organizational Structure
C 4 A - $500 Functional Organizational Structure $
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C 5 A - $100 Franchiser $
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C 5 A - $200 Cooperative $
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C 5 A - $300 Franchisee $
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C 5 A - $400 Organization Chart $
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C 5 A - $500 Corporate Bylaws $
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Principles of Effective Organization
FJ Topic Principles of Effective Organization $
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FJ Question The number of employees who are assigned to a particular work task and manager $
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FJ Ans Span of Control $
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