Ch 67: NMTA: Types of Business Organization

About This Chapter

Some endorsement testing requirements have changed from the NMTAs to the National Evaluation Series (NES) tests in New Mexico. Use this chapter to get re-familiar with how businesses operate as you prepare for the NES Middle Grades Social Science exam.

NMTA: Types of Business Organization - Chapter Summary

The organizational structure of the business world can be complex, so get a better handle on the subject by reviewing these lessons that provide you with examples and descriptions of different types of businesses. Before you sit down for the NES Middle Grades Social Science exam, take some time to go over these key areas:

  • Pros and cons of a sole proprietorship
  • Corporation types
  • How business partnerships work
  • Business cooperatives
  • Benefits and drawbacks to corporations

Since the social sciences incorporate several disciplines, your exposure to learning about business organization and economics may have been limited. Fortunately, our study guide is just the tool you need to improve your knowledge in this field. All of our chapters have been carefully crafted to review the information specifically covered on this assessment test. We cut up the chapters into smaller lessons to let you work with a few concepts at a time.

To become proficient in each area, watch the video lessons and scour through the transcripts to memorize the main vocabulary. Even if you're constantly on the go, you can still use our materials to study for the NES Middle Grades Social Science exam, since we make all of our information compatible with Internet-ready devices.

NMTA: Types of Business Organization Objectives

To teach social science classes to middle grade students in New Mexico, licensed educators must earn an endorsement, which involves getting a satisfactory score on the NES Middle Grades Social Science exam. The assessment covers a broad range of materials, and test-takers will have to answer 150 multiple-choice questions that address the following areas: geography and culture, economics, history, and government.

Questions about business organization will probably be placed in the economics section of this exam. Although this section happens to be the smallest one on the test, making up only 12% of the final test score, individuals should not dismiss this section as unimportant. After all, your knowledge is being measured across all of these key areas, and your final score will reflect whether you truly possess a comprehensive knowledge of the social sciences.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the NMTA Middle Grades Social Science (202): Practice & Study Guide course

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