Reference no: EM132266444

1. Which of the following legal forms of business ownership is doubly taxed?

Sole proprietorship

Partnership

Corporation

Limited Liability Company

S-corporation

2. Which of the following is a benefit offered by organizational charts?

They never go out of date even as organizations change and go through growth phases.

They aid in understanding what actually happens within the informal organization.

They reflect the real chaos that takes place within organizations.

They can cope with changing boundaries of firms due to outsourcing, information technology, strategic alliances, and the network economy.

They tell everyone in the organization who is in charge of what and who reports to whom.

3. Functions such as issuing assignments and instructions; building an effective group of subordinates who are motivated to do what must be done; explaining procedures; issuing orders; and making sure that mistakes are corrected are associated with:

planning.

organizing.

staffing.

directing.

controlling.

4. The autocratic leadership style works well when:

there is no need for central coordination.

there is little time to make a decision.

employees are self-motivated and competent in making their own decisions.

it presumes full trust and confidence in the people below the leader in the hierarchy.

the leader has only part of the information and the employees have the other part.