1. Business Organization
CHAPTER 5
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Business Organization
5-1 Business in the U.S. Economy
5-2 Forms of Business Ownership
5-3 Organizational Structure for Businesses
ITB

2. LESSON 5-1 Business in the U.S. Economy
Goals
Describe the changing status of U.S. employment.
Discuss the role of business in the U.S. economy.
Describe three major types of businesses.
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3. Key Terms contingent worker producer intermediary service business
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4. THE CHANGING U.S. JOB MARKET
Employment data
Pressures on employees
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5. >> C H E C K P O I N T
List several groups that will increase as a percentage of the total U.S. workforce in the next decade.
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6. BUSINESS AND THE ECONOMY
Size of businesses
Roles of business
Impact on a community
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7. NUMBER OF EMPLOYEES IN U.S. BUSINESSES
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8. BUSINESS ACTIVITIES Generating ideas Raising capital
Employing and training personnel
Buying goods and services
Marketing goods and services
Maintaining business records
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9. >> C H E C K P O I N T
What are the six basic activities completed by all businesses?
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10. TYPES OF BUSINESSES Producers Intermediaries Service businesses
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11. >> C H E C K P O I N T
How does a manufacturer differ from an extractor?
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12. LESSON 5-2 Forms of Business Ownership
Goals
Understand the three major forms of business ownership.
Determine when each form of business ownership is most appropriate.
Recognize other specialized business ownership forms.
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13. Key Terms proprietorship partnership corporation partnership agreement
articles of incorporation
franchise
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14. BUSINESS OWNERSHIP
Proprietorship
Partnership
Corporation
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15. FORMS OF OWNERSHIP
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16. >> C H E C K P O I N T
What are the differences between the three main forms of business ownership?
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17. CHOOSING A FORM OF BUSINESS OWNERSHIP
Choosing a proprietorship
Choosing a partnership
Choosing a corporation
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18. >> C H E C K P O I N T
Which form of business ownership is the most complex and difficult to form?
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19. OTHER FORMS OF OWNERSHIP
Specialized partnerships and corporations
Cooperatives and franchises
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20. >> C H E C K P O I N T
What are the other specialized forms of business ownership?
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21. LESSON 5-3 Organizational Structure for Businesses
Goals
Understand important principles in designing an effective organization.
Compare alternative organizational structures for businesses.
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22. Key Terms mission statement goal policies procedures
organization chart
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23. DESIGNING AN EFFECTIVE BUSINESS ORGANIZATION
Setting direction
Principles of effective organization
Responsibility, authority, and accountability
Unity of command
Span of control
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24. >> C H E C K P O I N T
What is the difference between a mission statement and a goal?
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25. TYPES OF ORGANIZATIONAL STRUCTURES
Functional organization structure
Matrix organizational structure
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26. BUSINESS ORGANIZATION CHART
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27. >> C H E C K P O I N T
What problems can result from the use of a functional organizational structure?
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