GEB module 2 quiz (chapter 4 and 7)

The two types of cooperatives are:

buyer and seller

Which of the following statements about incorporation is true?

Articles of incorporation may vary slightly from state to state.

________________________ are organizations formed by individuals or businesses with similar interests to achieve greater economies of scale and economic power through collective ownership.

Cooperatives

Which of the following statements about a general partnership is true?

Partners in a general partnership co-own the company's assets.

IBM purchased MRO Software Inc. for $740 million. MRO was a niche provider of software and services to help customers including nuclear power plants and oil companies. IBM, plans to fold MRO into its software unit. This is an example of a(n):

acquisition

Kayla Langton is considering the purchase of a Bonus Building Care franchise. Langton is likely to get assistance from the commercial cleaning franchisor in which of the following areas? employee training accounting procedures permission to use company logo in advertising site selection all of these

all of these

A mechanistic organization has

centralized decision making

The disadvantages of group cohesiveness include: increased absenteeism decreased productivity conflict with other work groups in the organization increased employee turnover increased willingness to accept change

conflict with other work groups in the organization

What type of business organization generates the most total sales?

corporation

Specialization refers to the

depth of the organization chart

___________________ could be used to explain why members of the night shift at a textile mill refuse to fill openings on the day shift even though most of the people who work at the plant feel day work is preferable to night work.

group resistance

Articles of incorporation do NOT include: the name and address of the corporation a list of all stockholders' names the objectives of the corporation the minimum capital requirements the classes of stock

a list of all stockholders' names

_____ is the degree to which group members want to stay in the group and tend to resist outside influences.

Group cohesiveness

Ottens Flavors, Philadelphia, announced its combination with MK Flavors & Co., Mexico City. The Mexican operation will offer the U.S.-based company an increased market presence in Central and South America. The new company will be renamed MK Ottens Flavors. MK Ottens Flavor was created through a(n):

merger

Which of the following is a disadvantage for the fast-food franchisee?

royalty fees

The form of business ownership that has the most difficulty in raising capital is the:

sole proprietorship

Virtual teams have been made an effective management tool through

technology

With its ease of registration and pro-corporate policies, _____ is called the "state of incorporation." About half of the Fortune 500 companies are incorporated there.

delaware

The management activity of organizing.

determines, groups, and assigns work activities