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JeopardyJeopardyTrue/False True/False Terms Terms
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Final Jeopardy
Org. Structures
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$100 Question from True/False$100 Question from True/False
The most important role of business is to provide employment for people
—True or False?
$100 Answer from True/False$100 Answer from True/False
What is False.
$200 Question from True/False$200 Question from True/False
Producers use resources to make things that are needed by others—
True or False?
$200 Answer from True/False$200 Answer from True/False
What is True.
$300 Question from True/False$300 Question from True/False
Service businesses represent the fastest growing segment of the
economy—True or False?
$300 Answer from True/False$300 Answer from True/False
What is True.
$400 Question from True/False$400 Question from True/False
Nonprofit corporations do not pay corporate income taxes—True or False?
$400 Answer to True/False$400 Answer to True/False
What is True.
$500 Question from True/False$500 Question from True/False
An S-corporation is a corporation involved in the service industry—
True or False?
$500 Answer to True/False$500 Answer to True/False
What is False.
$100 Question from True/False$100 Question from True/False
A mission statement defines what the business wants to achieve—True or
False?
$100 Answer from True/False$100 Answer from True/False
What is True.
$200 Question from True/False$200 Question from True/False
In a matrix organization structure, work is arranged around business
functions—True or False?
$200 Answer from True/False$200 Answer from True/False
What is False.
$300 Question from True/False$300 Question from True/False
An organizational chart is a detailed list of job duties and responsibilities
—True or False?
$300 Answer from True/False$300 Answer from True/False
What is False.
$400 Question from True/False$400 Question from True/False
The easiest form of a business to start and run is a proprietorship—True or False?
$400 Answer to True/False$400 Answer to True/False
What is True.
$500 Question from True/False$500 Question from True/False
The only form of business organization that protects the liability of the owners is a partnership—True
or False?
$500 Answer to True/False$500 Answer to True/False
What is False.
$100 Question from Terms$100 Question from Terms
The large number of people born between 1946 and 1964.
$100 Answer from Terms$100 Answer from Terms
What are baby boomers?
$200 Question from Terms$200 Question from Terms
A statement of results a business plans to achieve.
$200 Answer from Terms$200 Answer from Terms
What is a goal?
$300 Question from Terms$300 Question from Terms
Businesses (such as retailers and wholesalers) involved in selling
goods produced by others.
$300 Answer from Terms$300 Answer from Terms
What is an intermediary?
$400 Question from Terms$400 Question from Terms
The number of people assigned to a specific work task or manager.
$400 Answer to Terms$400 Answer to Terms
What is span of control?
$500 Question from Terms$500 Question from Terms
A business organized by two or more other businesses for a limited time.
$500 Answer to Terms $500 Answer to Terms
What is a joint venture?
$100 Question from Terms$100 Question from Terms
Someone who has no contract for long-term employment.
$100 Answer from Terms$100 Answer from Terms
What is a contingent worker?
$200 Question from Terms$200 Question from Terms
A business owned by members and managed in their interest.
$200 Answer from Terms$200 Answer from Terms
What is a cooperative?
$300 Question from Terms$300 Question from Terms
A business that is owned and controlled by just one person
$300 Answer from Terms$300 Answer from Terms
What is a proprietorship?
$400 Question from Terms$400 Question from Terms
A business owned and controlled by two or more people who have entered
into a written agreement.
$400 Answer to Terms$400 Answer to Terms
What is a partnership?
$500 Question from Terms$500 Question from Terms
A business that is owned by one or more shareholders (stockholders) and
managed by a board of directors.
$500 Answer to Terms$500 Answer to Terms
What is a corporation?
$100 Question from $100 Question from Organizational StructuresOrganizational Structures
Assignments may be temporary or long-term.
$100 Answer from $100 Answer from Organizational StructuresOrganizational Structures
What is a matrix organization?
$200 Question from $200 Question from Organizational StructuresOrganizational Structures
People often have little interaction with people in other parts of the
business.
$200 Answer from $200 Answer from Organizational StructuresOrganizational Structures
What is a functional organization?
$300 Question from $300 Question from Organizational StructuresOrganizational Structures
Work is structured around a specific project.
$300 Answer from $300 Answer from Organizational StructuresOrganizational Structures
What is a matrix organization?
$400 Question from $400 Question from Organizational StructuresOrganizational Structures
People with varied backgrounds work together to serve the customer.
$400 Answer to $400 Answer to Organizational StructuresOrganizational Structures
What is a matrix organization?
$500 Question from $500 Question from Organizational StructuresOrganizational Structures
Work is arranged within main business functions such as production
and marketing.
$500 Answer to $500 Answer to Organizational StructuresOrganizational Structures
What is a functional organization?
Final Jeopardy QuestionFinal Jeopardy Question
The two types of business organizations that have no protection
for personal assets.
Final Jeopardy AnswerFinal Jeopardy Answer
What are proprietorships and partnerships?
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