Impact on US Economy
The largest number of US businesses employ this many people.
What is no employees other than the owner?
Businesses set procedures for recruiting, hiring, and training human resources.
What is Hiring and Training Personnel?
Most common form of ownership.
What is a proprietorship?
Give the business an overall direction and purpose.
What is a Mission Statement?
Fastest land mammal.
What is a cheetah?
Employee with no implicit or explicit contract for long-term employment.
Who is a contingent worker?
Getting the financial resources needed to buy buildings and equipment, hire and train employees, and complete day-to-day operations
What is Raising Capital?
The policy and financial decision makers in a corporation.
What is a Board of Directors?
An obligation to complete set tasks.
What is a Responsibility?
Location of the Sea of Tranquility.
What is the Moon?
One trend in the US job market.
What is aging workers, more minorities and women, baby boomers retiring, or boom of 20-30 year olds?
The activities directed at providing the goods and services wanted by a business’s consumers.
What is Marketing Goods and Services?
A unique business organized by two or more other businesses to operate for a limited time and for a specific project.
What is a Joint Venture?
Work is structured around particular projects, products, or customer groups.
What is a Matrix Organizational Stucture
The Spanish artist and sculptor famous for co-founding the Cubist movement.
Who is Pablo Picasso?
The main role of a business in a community.
What is to create job or provide goods/services?
Business's method of tracking performance and sales to make decisions.
What is Maintaining Business Records?
A special form of business organization that combines advantages of a corporation and partnership.
What is a Limited Liability Company(LLC)?
The difference between policies and procedures.
What are policies are guidelines for decision making, and procedures are how work gets done?
May Queen, Wisley Crab, Fuji, and Ambrosia are all species of what?
What are apples?
Describe how providing jobs positively impacts the community, consumers, and other businesses.
What is employment leads to wages, wages lead to consumer spending, consumer spending leads to profit and government taxes, government taxes lead to services for citizens, and profit leads to hiring more workers?
List all business activities.
What is Generating Ideas, Raising Capital, Hiring and Training Personnel, Buying Goods and Services, Marketing Goods and Services, and Maintaining Business Records?
Tara is very skilled in fixing computers and often fixes her friends and families computers. She finds that she is now starting to get people more people asking for her help, so she chooses to start charging $15 for each computer she fixes. Eventually, she gets so busy that she trains her friend Justin to help her. What kind of business ownership would you recommend and why?
Answers will vary. Must include WHY.
Owner or Board of Directors on top, Managers in the middle, Employees on the bottom
Names of the 5 great lakes.
What are Superior, Huron, Michigan, Erie and Ontario?