A(n) _____ has a legal life of its own.
| a. |
partnership |
|
| b. |
corporation |
|
| c. |
proprietorship |
|
| d. |
trade alliance |
|
| e. |
association |
By definition, an organization is considered _____ because it is made up of two or more people.
| a. |
goal-directed |
|
| b. |
a social entity |
|
| c. |
deliberately structured |
|
| d. |
effective |
|
| e. |
efficient |
All of these are entrepreneurial characteristics except:
| a. |
external locus of control. |
|
| b. |
tolerance for ambiguity. |
|
| c. |
high energy level. |
|
| d. |
self-confidence. |
|
| e. |
awareness of passing time. |
Being a successful manager means thinking in terms of all of the following, except:
| a. |
building teams. |
|
| b. |
becoming an organizer. |
|
| c. |
establishing networks. |
|
| d. |
generating the most profit. |
|
| e. |
becoming a motivator. |
1) C
Corporation has a legal life of its own and same is recognized by law
2) B
An organization is considered as social entity as it is made up of two or more people
3) A
The entrepreneurs have high energy, tolerance for ambiguity, self confidence, awareness of passing time and internal locus of control
4) D
Successful manager doesn’t mean to generate maximum profit. Building team, organizing activity, establishing network and being a motivator are more essential for long term business success
A(n) _____ has a legal life of its own. a. partnership b. corporation c. proprietorship d....
QUESTION 1 Manuela has worked as an accountant in her own accounting business, a sole proprietorship, for more than seven years. Among the services she offers is tax return filing and personal investment advising. Which of the following is true of Manuela’s business? A. Manuela has little control over the management and operations of her business. B. Manuela has unlimited liability. C. Outside funding for the business has been easy for Manuela to obtain. D. Manuela had varied and complicated...