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General Business > 100 > Flashcards

100 Flashcards

1
Q

Attempting to anticipate and control the future

A

Planning

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2
Q

Placing cable people in positions of work

A

Staffing

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3
Q

Measuring and correcting activities

A

Controlling

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4
Q

Relating resources to accomplish objectives

A

Organizing

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5
Q

Causing people to contribute to achievement of objectives

A

Directing

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6
Q

False

A

9 and 10

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7
Q

How scarce resources are allocated for the production of goods is ultimately determined by the what?

A

Consumer

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8
Q

A business partnership is a business that has how many owners?

A

Two or more

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9
Q

Which function is not a function of management?

A

Accounting

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10
Q

The resources of a firm include what?

A

Buildings, people, and money

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11
Q

Each owner is fully liable for the debts made by the other owners in a?

A

General partnership

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12
Q

The effort exerted and doing or making something is?

A

Work

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13
Q

The process of combining the resources of a business to achieve a desired goal is?

A

Management

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14
Q

Hey small grocery store with a single owner is an example of what ownership?

A

Sole-proprietor

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15
Q

Almost every person in our society is about the consumer and a what?

A

Producer

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16
Q

The percentage of women participating in the labor force has increased in every major industry except agriculture and?

A

Personal services

17
Q

In recent years, gains have been made by ethnic what in the areas of both production and consumption?

A

Minorities

18
Q

When one owner supplies only financial support of a business and is either unwilling or unable to participate in the daily management of the business the what form of ownership is often used?

A

Limited-partnership

19
Q

To be a consumer, most people must also be a what?

A

Producer

20
Q

The purpose of the control function of management is to correct situations that did not meet to establish?

A

Standards

21
Q

A closely held corporation is similar to a?

A

Partnership

General Business (9 decks)

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