U.S. Job Market
Business Activities
Types of Businesses
Forms of Business Ownership
Business Organization
100
a worker who has no contract for long-term employment (sometimes called temporary help)
What is a contingent worker?
100
This business activity means that businesses come up with new products or ways to provide service.
What is "generating ideas"?
100
This type of business creates the products used by individuals and other businesses. Examples include extractors, farmers and manufacturers.
What are producers?
100
A business owned and controlled by two or more people who have entered into an agreement.
What is a partnership?
100
The direction for a business comes from this short, specific written statement.
What is a mission statement?
200
True or False Most companies in the U.S. have no employees other than the owner.
What is TRUE
200
This business activity means that businesses need to get the financial resources they need to operate.
What is "Raising Capital"?
200
These type of businesses are involved with selling the goods and services of producers.
What are intermediaries?
200
A separate legal entity formed by documents filed with a state.
What is a corporation?
200
A diagram that shows the structure of an organization, classifications of work and job, and the relationships among those classifications.
What is an organization chart?
300
True or False The 20-30 year-old group and minority workers will grow faster than the overall labor force for the first time in 25 years.
What is TRUE
300
This business activity refers to the activities directed at providing the goods and services wanted by a business's customers.
What is "Marketing goods and services"?
300
This type of business carriers out activities that are consumed by its customers, and it does not offer products for sale.
What are service businesses?
300
This is the easiest formof business to start, and it has the lowest taxes.
What is proprietorship?
300
The type of organizational structure to use when you want to have the most clear unity of command.
What is a functional organizational chart?
400
The name given to the group of people born between 1946 and 1964.
What is "the baby boomers"?
400
This business activity requires owners and managers to keep track of orders and payments.
What is "Maintaining Business Records"? (Accounting)
400
Examples of this type of business include retail stores, transportation companies and wholesale centers.
What are examples of Intermediaries?
400
A written contract granting permission to operate a business to sell products and services in a set way.
What is a franchise?
400
The type of organizational structure that is best to use when work is structured around specific products, products or customer groups.
What is a matrix organizational structure?
500
True or False The U.S. job market is changing from manufacturing to more jobs in agriculture and service.
What is FALSE (there are also less jobs in agriculture due to automation)
500
This business activity involves purchasing the items used for their own operations.
What is "Buying goods and services"?
500
This type of business is the fastest growing part of the economy.
What are service businesses?
500
This type of business is owned by members, serves their needs and is managed in their interest.
What is a cooperative.
500
Descriptions of the way work is to be done.
What are procedures?