Business Structures Chapter 6 True/False – Flashcards

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