BUSN Test 4 – Flashcards

____ is best described as a group of activities to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas.

An overview of a job's title, tasks, relationships with other jobs, the physical and mental skills required, duties, responsibilities, and working conditions is referred to as the:

Which of the following forms of business ownership is the easiest to establish?

Which of the following is an advantage of a sole-proprietorship

Barber shops, dog kennels, and independent grocery stores are typically:

"Big Lite Inc." purchases "Canton Bulbs", its primary competitor, by buying most of its stock. Big Lite Inc. is involved in a(n)

"Tim" is a wealthy businessman. Tim is seeking to borrow funding from his bank to acquire "Solar Corp." Tim promises to repay the bank using the assets of Solar Corp. as collateral. Tim is engaged in a(n):

Marketing activities best create value by:

____ is the only business function that is directly responsible for creating sales and revenue

____ involved determining, through observation and study, the specific tasks that comprise a job and the knowledge, skills, and abilities necessary to perform the job

Articles of partnership are legal documents that set forth the basic agreement between partners. The issues covered usually include all of the following except: -the assets that each partner has contributed -how the profits and losses will be divided -what duties each partner will have -provisions for leaving the partnership -classes of stock to be issuef

which of the following organizational form is the most expensive to set up? -sole-prop