Business Structures Chapter 6 True/False – Flashcards
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The size and nature of a business and the responsibilities of the owners and key factors in choosing the best type of business ownership and organization
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true
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You must own more than one share of stock in order to be one if the owners of the corporation
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false
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A sole properitor issues stock certificates to represent part ownership in the business
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false
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The part of cooperate profits each stockholder receives is called a dividend
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true
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Articles of partnership should not state the manner in which profits and losses are to she shared by the owners
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false
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A corporation elects a board of directors to make major decisions for the business
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true
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Most consumers' cooperatives sell to nonmembers as well as to members
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true
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The franchise agreement states the duties and rights of the operator of the franchise and of the parent company
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true
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The organizing process can result in an organization chart being drawn up
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true
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Effective leaders have to prod workers to perform their jobs
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false
