Gwyn owns and operates a large hardware store in Missouri that employs about fifty people. He delegates some of the decision making to two managers, but he remains the only owner. Gwyn's business is organized as a
A. corporation.
B. partnership.
C. sole proprietorship.
D. limited partnership.
E. limited-liability corporation.
Answer: C
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. A provision of the ______ requires nonprofit organizations with unrelated business income make their Forms 990 public.
A. Sarbanes–Oxley Act of 2002 B. Tax Cuts and Jobs Act of 2017 C. Pension Protection Act of 2006 D. Charitable Solicitation Act of 2016
The business case for ______ is based on the ability of the organization to help or harm various stakeholder groups and the ability of all stakeholder groups to help or harm the company.
A. accountability B. corporate social responsibility C. sustainability D. values
When strategies fail, it is often because of
A. secondary operating practices that hinder the required changes. B. inadequate support for the management team responsible for the planning process. C. poor execution of the strategy. D. lack of sufficient information about operating systems. E. shortfalls exposed with the strategic management design process.
Which of the following is NOT one of the degrees by which the structure of the organization can be described?
A. Culture B. Complexity C. Centralization D. Formalization