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Study sets matching "principles of business chapter 5"

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Study sets matching "principles of business chapter 5"

34 terms
Principles of Business, Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
a written legal document that defines ownership and operating…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
a written legal document that defines ownership and operating…
14 terms
Principles of Business- Chapter 5
Articles of Incorporation
Contingent Worker
Corporation
Franchise
a written legal document that defines ownership and operating…
one who has no explicit or implicit contract for long-term em…
a separate legal entity formed by documents filed with a stat…
the company that owns the product or service and grants the r…
Articles of Incorporation
a written legal document that defines ownership and operating…
Contingent Worker
one who has no explicit or implicit contract for long-term em…
34 terms
Principles of Business, Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
a written legal document that defines ownership and operating…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
a written legal document that defines ownership and operating…
35 terms
Principles of Business, Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
a written legal document that defines ownership and operating…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
a written legal document that defines ownership and operating…
25 terms
Principles of Business, Chapter 5
Articles of incorporation
Board of directors
Corporate bylaws
Corporation
a written legal document filed with the state to establish a…
the people who make the major policy and financial decisions…
the operating procedures for shareholders, directors and offi…
owned by one or more shareholders and managed by a board of d…
Articles of incorporation
a written legal document filed with the state to establish a…
Board of directors
the people who make the major policy and financial decisions…
34 terms
Principles of Business, Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
a written legal document that defines ownership and operating…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
a written legal document that defines ownership and operating…
34 terms
Principles of Business, Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
a written legal document that defines ownership and operating…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
a written legal document that defines ownership and operating…
14 terms
Chapter 5- Principles of Business
contingent worker
articles of incorporation
corporation
franchise
one who has no explict or implict contract for long-term empl…
a written legal document that identifies ownership and operat…
a separate legal entitiy, formed by state documents and owned…
a written contract granting permission to operate a bussiness…
contingent worker
one who has no explict or implict contract for long-term empl…
articles of incorporation
a written legal document that identifies ownership and operat…
14 terms
Business Principles (Chapter 5)
Articles of Incorporation
Contingent Worker
Corporation
Franchise
is a written legal document that defines ownership and operat…
is one who has no explicit or implicit contact for long-term…
is a separate legal entity formed by documents filed with a s…
Is a written contract granting permission to operate a busine…
Articles of Incorporation
is a written legal document that defines ownership and operat…
Contingent Worker
is one who has no explicit or implicit contact for long-term…
34 terms
Principles of Business, Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
a written legal document that defines ownership and operating…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
a written legal document that defines ownership and operating…
38 terms
Principles of Business, Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
a written legal document that defines ownership and operating…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
a written legal document that defines ownership and operating…
21 terms
principles of business chapter 5
SUPPLY
LAW OF SUPPLY
SUPPLY SCHEDULE
MARKET SUPPLY SCHEDULE
is the desire and ability to produce and sell a product
states that when prices decrease quantity supplied decreases,…
lists how much of a good or service an INDIVIDUAL producer is…
list how much of a good or service ALL producers in a market…
SUPPLY
is the desire and ability to produce and sell a product
LAW OF SUPPLY
states that when prices decrease quantity supplied decreases,…
32 terms
Principles of Business, Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
defines incorporation and operating procedures and conditions…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
defines incorporation and operating procedures and conditions…
33 terms
Chapter 5 principles of business
Accountability
Articles Of Incorporation
Authority
Baby Boomers
taking responsibility for the results achieved
a written legal document that defines ownership and operating…
the tight to make decisions about how responsibilities should…
people born between 1946 and 1964
Accountability
taking responsibility for the results achieved
Articles Of Incorporation
a written legal document that defines ownership and operating…
Principles of Business - Chapter 5
~Thor Fifer
Contingent Worker
Intermediaries
Service Business
3rd hour; seat #33
One who has no explicit or implicit contract for long-term em…
Businesses involved in selling the goods and services of prod…
Carries out activities that are consumed by its customers.
~Thor Fifer
3rd hour; seat #33
Contingent Worker
One who has no explicit or implicit contract for long-term em…
15 terms
principles of business chapter 5
audri leer
contiguous worker
intermediaries
service business
5 seat #30
is one who has no explicit or implicit contract for long-term…
are business involved in the selling of goods and services of…
carriers out activities that are consumed by its consumers.
audri leer
5 seat #30
contiguous worker
is one who has no explicit or implicit contract for long-term…
14 terms
Chapter 5 vocabulary principles of business
Contingent worker
intermediaries
service business
proprietorship
one who has no explicit or implicit contract for long term em…
business involved in selling the goods and services of produc…
carries out activities that are consumed by its customers
a business owned and run by just one person
Contingent worker
one who has no explicit or implicit contract for long term em…
intermediaries
business involved in selling the goods and services of produc…
14 terms
Principles of Business 8e chapter 5
Contingent worker
articles of incorporation
corporation
franchise
one who has no explicit or implicit contract for long term em…
a written legal document that defines ownership and operating…
a separate legal entity formed by documents filed with a stat…
a written contract granting permission to operate a business…
Contingent worker
one who has no explicit or implicit contract for long term em…
articles of incorporation
a written legal document that defines ownership and operating…
31 terms
Principles of Business, Chapter 5
Articles of incorporation
Baby boomers
Board of directors
Contingent worker
a written legal document that defines ownership and operating…
people born between 1946 and 1964.
the people who make the major policy and financial decisions…
one who has no explicit or implicit contract for long-term em…
Articles of incorporation
a written legal document that defines ownership and operating…
Baby boomers
people born between 1946 and 1964.
31 terms
Principles of Business, Chapter 5
Articles of incorporation
Baby boomers
Board of directors
Contingent worker
a written legal document that defines ownership and operating…
people born between 1946 and 1964.
the people who make the major policy and financial decisions…
one who has no explicit or implicit contract for long-term em…
Articles of incorporation
a written legal document that defines ownership and operating…
Baby boomers
people born between 1946 and 1964.
35 terms
Principles of Business, Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
a written legal document that defines ownership and operating…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
a written legal document that defines ownership and operating…
34 terms
Principles of Business, Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
a written legal document that defines ownership and operating…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
a written legal document that defines ownership and operating…
25 terms
Principles of Business Chapter 5
Small Business
Business Plan
Small Business Administration (SBA)
Microloans
An independent business with fewer than 500 employees. Not do…
written document that provides an orderly statement of a comp…
principal government agency concerned with helping small U.S.…
small- business loans often used to buy equipment or operate…
Small Business
An independent business with fewer than 500 employees. Not do…
Business Plan
written document that provides an orderly statement of a comp…
32 terms
Principles of Business, Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
a written legal document that defines ownership and operating…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
a written legal document that defines ownership and operating…
32 terms
Principles of Business, Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
a written legal document that defines ownership and operating…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
a written legal document that defines ownership and operating…
36 terms
Principles of Business: Chapter 5
functional organizational structure
matrix organizational structure
organization chart
contingent worker
type of organization, work is arranged within main business f…
work is structured around specific projects, products, or cus…
diagram that shows the structure of an organization, classifi…
one who has no explicit or implicit contract for long-term em…
functional organizational structure
type of organization, work is arranged within main business f…
matrix organizational structure
work is structured around specific projects, products, or cus…
14 terms
principles of business chapter 5
articles of incorporation
contingent worker
corporation
franchise
a written legal document that defines ownership and operating…
one who has no explicit or implicit contract for long-term em…
a separate legal entity formed by documents filled with a sta…
a written contract granting permission to a business to sell…
articles of incorporation
a written legal document that defines ownership and operating…
contingent worker
one who has no explicit or implicit contract for long-term em…
Principles of Business: Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
Taking responsibility for the results achieved
A written legal document that defines ownership and operating…
The right to make decisions about how responsibilities should…
People born between 1946 and 1964
Accountability
Taking responsibility for the results achieved
Articles of incorporation
A written legal document that defines ownership and operating…
34 terms
Principles of Business Chapter 5
Accountability
Articles of incorporation
Authority
Baby boomers
taking responsibility for the results achieved.
a written legal document that defines ownership and operating…
the right to make decisions about how responsibilities should…
people born between 1946 and 1964.
Accountability
taking responsibility for the results achieved.
Articles of incorporation
a written legal document that defines ownership and operating…
15 terms
Chapter 5; Principles of Business
~Storm Scott
Contingent worker
Intermediaries
Service Business
2nd Hour; Seat #18
One who has no explicit or implicit contract for long-term em…
Businesses involved in selling the goods and services of prod…
Carries out activities that are consumed by its consumers.
~Storm Scott
2nd Hour; Seat #18
Contingent worker
One who has no explicit or implicit contract for long-term em…
15 terms
Principles of Business - Chapter 5
~ Lina Korbanka
contingent worker
intermediaries
service business
3rd hour; seat #20
a person who has no explicit or implicit contract for long-te…
businesses which are involved in selling goods and services o…
carries out activities that are consumed by its consumers
~ Lina Korbanka
3rd hour; seat #20
contingent worker
a person who has no explicit or implicit contract for long-te…
32 terms
Principles of Business, Chapter 5
contingent worker
intermediaries
service business
baby boomers
one who has no explicit or implicit contract for long-term em…
businesses involved in selling the goods and services of prod…
carries out activities that are consumed by its customers. It…
the people born between 1946 and 1964, turned 65
contingent worker
one who has no explicit or implicit contract for long-term em…
intermediaries
businesses involved in selling the goods and services of prod…
30 terms
chapter 5 principles of business
Entrepreneurship is the process of
A new business undertaking that involv…
A virtual business is a business that…
Most U.S. businesses are
1. recognizing an opportunity... 2. testing the market... 3. gather…
venture
Internet
small businesses
Entrepreneurship is the process of
1. recognizing an opportunity... 2. testing the market... 3. gather…
A new business undertaking that involv…
venture
25 terms
Business Principles: Chapter 5
Entrepreneurship is the process of cre…
The entrepreneurship movement is decli…
Retailing attracts entrepreneurs becau…
A drawback in franchising is the need…
True
False
True
True
Entrepreneurship is the process of cre…
True
The entrepreneurship movement is decli…
False
26 terms
Principles of Business Chapter 5
False
baby boomers
white
5%
1996 to 2006, total employment in the US fell to 14%.
People born between 1946-1964 are calle
Over the next decade what group will have a decline in employ…
What percentage of the us workforce has contingent workers
False
1996 to 2006, total employment in the US fell to 14%.
baby boomers
People born between 1946-1964 are calle
54 terms
Business Principles Chapter 5
Six Basic Business Activities
Nonprofit corporation
Functional organizational Structure
Proprietorship
1. Generating ideas... 2. Raising Capital ... 3. Employing and Trai…
This type of corporation does not pay income... -A group of peop…
all people with jobs related to a specific function work toge…
-The most common form of ownership in the united... -A business…
Six Basic Business Activities
1. Generating ideas... 2. Raising Capital ... 3. Employing and Trai…
Nonprofit corporation
This type of corporation does not pay income... -A group of peop…
22 terms
Chapter 5 (Business Principles)
sole proprietorship
partnership
corporation
unlimited liability
A business owned, and usually managed, by one person
Two or more people legally agree to become co-owners of a bus…
A legal entity with authority to act and have liability apart…
Any debts or damages incurred by the business are your debts,…
sole proprietorship
A business owned, and usually managed, by one person
partnership
Two or more people legally agree to become co-owners of a bus…
24 terms
Principles of Business Chapter 5
From 1996, total employment fell by ne…
People born between 1946 and 1964 are…
over the next decade which group will…
what % of U.S. workforce is made up of…
False
baby boomers
whites
5%
From 1996, total employment fell by ne…
False
People born between 1946 and 1964 are…
baby boomers
24 terms
Principles of Business Chapter 5 Terms
Monopoly
Bankruptcy
Patent
Copy Right
exists when competition is lacking for a product or when prod…
legal process that allows selling assets to pay off debts
agreement where the federal government gives the inventor the…
gives an author the sole right to reproduce publish and sell…
Monopoly
exists when competition is lacking for a product or when prod…
Bankruptcy
legal process that allows selling assets to pay off debts
10 terms
Business Principles Chapter 5
Contingent Worker
Roles of Business
Six Basic Business Activities.
Three Main Business Activities
One who has no explicit or implicit contract for long-term em…
To make and distribute products and services needed by consum…
Generating Ideas, Raising Capital, Employing and training per…
Producers, Intermediaries, and service businesses.
Contingent Worker
One who has no explicit or implicit contract for long-term em…
Roles of Business
To make and distribute products and services needed by consum…
18 terms
Chapter 5- Business Principles
Sole-proprietorship
Partnership
Corporation
General Partnership
A business ownes, and usually managed, by one person
Two or more people legally agree to become co-owners of a bus…
A legal entity with authority to act and have liability apart…
All owners share in operating the business and in assuming li…
Sole-proprietorship
A business ownes, and usually managed, by one person
Partnership
Two or more people legally agree to become co-owners of a bus…
8 terms
Business principles: chapter 5
The most important role of business is…
Producers use resources to make things…
Service business represents the fastes…
Nonprofit corporation do not pay corpo…
Disagree
Agree
Agree
Agree
The most important role of business is…
Disagree
Producers use resources to make things…
Agree
34 terms
Principles of Business Ebert Chapter 5
Management
Planning
Organizing
Leading
process of planning, organizing, leading, and controlling an…
management process of determining what an organization needs…
management process of determining how best to arrange an orga…
management process of guiding and motivating employees to mee…
Management
process of planning, organizing, leading, and controlling an…
Planning
management process of determining what an organization needs…
23 terms
business principles chapter 5
is an advantage of a functional organi…
the number of employees who are assign…
employees may not use their company em…
increasing sales by 20% for the month…
working with people who have similar skills
span of control
policy
goal
is an advantage of a functional organi…
working with people who have similar skills
the number of employees who are assign…
span of control
25 terms
Business Principles Chapter 5
Baby Boomers
Retiring
Younger workers, minorities, and women
Single Owned business
A group of 76 million people that were born between 1946 and…
In 2010, baby boomers started doing this which had an affect…
These workers will receive higher working rates for the future
19.5 million people in the US have these
Baby Boomers
A group of 76 million people that were born between 1946 and…
Retiring
In 2010, baby boomers started doing this which had an affect…
25 terms
Business Principles: Chapter 5
Entrepreneurship is the process of cre…
The entrepreneurship movement is decli…
Retailing attracts entrepreneurs becau…
A drawback in franchising is the need…
True
False
True
True
Entrepreneurship is the process of cre…
True
The entrepreneurship movement is decli…
False
14 terms
Business Principles Chapter 5 Vocab
Policies
Proprietorship
Procedures
Service Business
Guidelines used in making consistent decisions.
A business owned and ran by one person
Descriptions of the way work is to be done
Business that complete activities that are consumed by custom…
Policies
Guidelines used in making consistent decisions.
Proprietorship
A business owned and ran by one person
20 terms
Principles of Business, Marketing, and Finance - Chapter 5-1
globalization
culture
international trade
domestic business
is the connection made among nations when economies freely mo…
the shared beliefs, customs, practices, and social behavior o…
the buying and selling of goods and serves across national bo…
all the business activity involved in making, buying, and sel…
globalization
is the connection made among nations when economies freely mo…
culture
the shared beliefs, customs, practices, and social behavior o…
15 terms
Chapter 5 Principles of Business BTM
~Emily Jacobs
contingent worker
intermediaries
service business
3rd hour, Seat #19
One who has no explicit or implicit contract for long-term em…
Businesses involved in selling the goods and services of prod…
A business that carries out activities that are consumed by i…
~Emily Jacobs
3rd hour, Seat #19
contingent worker
One who has no explicit or implicit contract for long-term em…
chapter 5 vocabulary for principles of business
business plan
creditors
intrapreneur
limited partnership
a written description of the business and its operation with…
those to whom money is owed
an employee who is given funds and freedom to create a specia…
partnership in which a partner's liability is limited to the…
business plan
a written description of the business and its operation with…
creditors
those to whom money is owed
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