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Question 11.Which of these organizational structures has a well-defined hierarchy where top-level managers make most of the decisions?
Question 22.Which of the following describes the income tax treatment for a sole proprietorship?
Question 33.What is the difference between an S-corporation and a C-corporation?
Question 44.What must a person seeking an Occupational License do in order to obtain a license?
Question 55.In which of these organizational structures are functional areas highly integrated and dependent on each other?
Question 66.Stevie wants to renovate his current storefront cafe to include a open BBQ pit and a brick oven pizza. What type of permit does he need?
Question 77.What happens if a sole proprietorship takes on a second owner?
Question 88.Which of these organizational structures is used in organizations that face unstable and dynamic environments and need to quickly adapt to change?
Question 99.Tyler is the sole owner and stockholder of the corporation, Tyler's Tires. Two years ago, Tyler's Tires hired Anna as the CEO. If Tyler dies, what happens to Tyler's Tires?
Question 1010.How much protection from liability does a sole proprietorship offer?
Question 1111.A sole proprietorship must register with which of the following?
Question 1212.Which of the following businesses represents a sole proprietorship?
Question 1313.Which one of the following is considered a disadvantage of a corporation?
Question 1414.Which of these organizational structures is based on a formal, centralized network and is best suited for companies that operate in a stable and certain environment?
Question 1515.Which of the following permits are for businesses who comply with regulations concerning chemical spills and pollution?
Question 1616.Duffs McGee wants to open a small casino on the corner of Main and Elm Streets. It happens to be within 200 yards of an elementary school. In order for Duffs to open the gambling house, he would have to get which type of license or permit?
Question 1717.What do you call the documentation that governs the corporation's activities?
Question 1818.What is the purpose of requiring a bar to be licensed with the Alcohol and Tobacco Tax and Trade Bureau?
Question 1919.What is the primary reason a business a would decide to become a corporation over any other form of organization?
Question 2020.Which of these organizational structures awards power and authority to lower-leveled employees?
Understanding Business Structures Chapter Exam Instructions
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