Please read each statement and decide whether the statement is True or False.

NOTE..Place a T if it is True OR an F if it is False on ANSWER SHEET

1. The more complex organizations become, the more they need to develop formal structures to function efficiently. 2. Teams can create more solutions for solving problems than individuals. 3. Organizational culture is expressed informally through a firm's mission statement or code of ethics.

4. Employees are one of the most important resources in helping a company obtain its objectives. 5. Planning involves forecasting events and determining the best course of action from a set of options or choices.

6. Staffing is the structuring of resources and activities to accomplish goals in an efficient and effective manner. 7. Directing is motivating and leading employees to achieve organizational objectives. 8. Small businesses cannot be operated from an individual's home.

9. In recent years, small businesses generated very few new jobs in the U.S. 10.Small businesses have a high success rate.