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Bus. Organizations

Econ Test 5

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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