question 1 : Corporate culture does NOT include:

a. Ethics

b. Rules

c. Controls

d. Dress code

Question 2.

Free meals and daycare may be part of a corporate culture that focuses on employee happiness and family values

True

False

Question 3

A company with many layers is considered tall, and the span of management is wide. A company with a few layers is considered flat, and the span of management is narrow

True

False

Question 4.

When individuals own and operate all businesses, this is considered to be:

a. Capitalism

b. Nepotism

c. Communism

d. Socialism

Question 5.

Corporate Social Responsibility refers to:

a. A business's obligation to dispose of waste (especially chemical waste) as responsibly as possible

b. A business's obligation to be ethical and transparent in their financial reporting

c. A business's social obligation to its employees

d. A business's obligation to maximize its negative impact on society

Question 6.

Relocating a business process of a company to another country is called:

a. Offshoring

b. Outsourcing

c. Global expansion

d. Country alliance

Question 7

Unlimited liability is not a disadvantage of a partnership or a sole proprietorship

True

False

Question 8

Most new jobs created annually are created by:

a. Large businesses

b. Small businesses

c. Extra large businesses

d. Medium businesses

Question 9.

Which of the following is NOT a disadvantage of owning a small business?

a. Inability to cope with growth

b. Too many government rules and regulations

c. High stress level

d. High failure rate

Question 10.

Baby Boomers and millennials will have a huge impact on Canada's economy in the next several years

True

False

Question 11.

CEOs spend most of their time:

a. Planning

b. Controlling

c. Organizing

d. Directing

Question 12.

Companies departmentalize in all but ONE of these ways:

a. By position

b. By product

c. By customer

d. By geographic region

Question 13.

In a _____________________________ organization, authority is concentrated at the top

a. Responsible

b. Start-up

c. Decentralized

d. Centralized

Question 14.

When we say an organization is "tall" or "flat" we are referring to:

a. The number of employees in an organization

b. The levels of management in an organization

c. The number of different departments in an organization

d. The level of wages in an organization