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