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

2. 5-1 Business in the U.S. Economy
Employment data:
In 20____, ___________ people held jobs in the U.S.
Currently there is a higher growth rate for _____, __________, and _________________workers.
White Non-Hispanic workers make up _____ of the labor force
By 2014, nearly one half of all jobs will be held by _________.

3. 5-1 Business in the U.S. Economy
Pressures on Employees
Economic stress can lead to ______________
_______________can help or hurt employees
Work/Life balance (family)
Additional _____________ requirements
Added ______________
Contingent worker –

4. 5-1 Business in the U.S. Economy
Businesses and the Economy
In 20___, all businesses worldwide produced more than __________ of goods and services; U.S. businesses accounted for ____ of that production
Roles of Business
Most U.S. businesses are quite _________

5. Percent of Businesses by Employee Size

6. 5-1 Business in the U.S. Economy
Business Activities
Generating Ideas
Raising Capital
Employing and Training ____________
Buying ________ and _________
___________ Goods and Services
Maintaining Business Records

7. 5-1 Business in the U.S. Economy
Types of Businesses
Producers –
__________ – takes resources from nature
__________ – cultivate land or raise livestock
________________ – get supplies from other producers and convert them into products
Intermediaries –
Service Businesses–

8. 5-2 Forms of Business Ownership
3 Major Forms of Business Ownership
Proprietorship –
Partnership
Corporation –

9. 5-2 Forms of Business Ownership
Proprietorship
Pros
Proprietorship
Cons

10. 5-2 Forms of Business Ownership
Partnerships
Partnership agreement –
Business name, investments, how profits and losses will be shared, responsibilities of each person, how partnership can be dissolved
Most states require that partnership _________ a business name as well as the name of each person in the partnership

11. 5-2 Forms of Business Ownership
Partnership
Pros
Partnership
Cons

12. 5-2 Forms of Business Ownership
Corporations
Articles of Incorporation –
Must create corporate _______ and name a ______ of ________
Issues shares of ________to investors
Most popular form of ownership for _______ businesses

13. 5-2 Forms of Business Ownership
Corporation
Pros
Corporation
Cons

14. 5-2 Forms of Business Ownership
Other Forms of Ownership
Limited Liability Partnership
Joint Venture (two or more businesses unite)
S-Corporation
Limited Liability Company (LLC)
Nonprofit Corporation
Cooperative
Franchise –

15. 5-3 Organizational Structure for Businesses
Many new businesses _____ in the first years
The direction for the business comes from its mission statement –
Businesses must create:
_________ – results the business expects to achieve
_________– guidelines for decision-making
_________ – descriptions of the way work is done

16. 5-3 Organizational Structure for Businesses
Principles of Effective Organization
Responsibility, Authority and Accountability
Unity of Command
Span of Control

17. 5-3 Organizational Structure for Businesses
Organizational Structures
Organization chart –
Functional organizational structure –
Matrix organizational structure –