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Bus. Organizations
Econ Test 5
| Question | Answer |
|---|---|
| Which of the following is a Franchise? | McDonald’s |
| “A burger restaurant buys another burger restaurant” This would be an example of a | horizontal merger |
| An example of a nonprofit organization is | the Girl Scouts of the U.S.A. |
| Liability is also known as | being held accountable for a debt |
| These types of organizations bring in the most money in the U.S. each year | Corporations |
| Most businesses in the U.S. are this type of organization | Sole proprietorships |
| This type of business is usually easiest to start up | Sole proprietorships |
| The United States Steel Corporation bought ore deposits, shipping lines, and railroads. It was an example of a | Vertical Merger |
| If you own a share, you actually own | part of a company |
| The idea that women and minorities should be represented in the workplace is associated with | affirmative action |
| If you wanted to be guaranteed you were in a union, you would be hired by this type of business | closed shop |
| Feeling good about helping people in need is an example of | an intrinsic reward |
| The numerical standards for employing minorities and women are known as | quotas |
| Sick days and holidays are examples of | fringe benefits |
| Describe 3 weapons used by workers & 3 weapons used by management when the 2 sides disagree. Describe 2 ways that management & workers might come to an agreement. Who do you believe is probably right in most arguments - labor or management why? | See Labor Notes... |
Created by:
migliorej
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