Southwest Minnesota State University

BIOLOG 101

Chapter 3

1)Not-for-profit organizations must meet specific guidelines in order to obtain tax-exempt status. These guidelines are structured by the

2. Before seeking financial backing for his new business, Charlie puts together a concise document explaining the nature, mission, and goals of his new business and its expected, Charlie has constructed a(n)

3. Heather owns and operates a large yarn store in Minnesota that employs about fifty people. He delegates some of the decision making to two managers. The business is organized as a

4. To qualify as a small business, a retailing establishment may not exceed annual sales of

5. Kerry owns a fast food business that he operates for a profit. While working in the business one afternoon, an individual entered and inspects the premises to ensure that they were in good, clean, and sanitary conditions. Kerry permitted him to inspect. The individual                                              explanation for Kerry’s action?

6. Business analysts were reviewing the sales statistics for two companies with the goal of determining which company would be the best                 $1 million a year at its five-year mark with profits increasing annually for five additional years to profits of $1.2 million. Company B has profits increased annually for five additional years to $100,000 with these numbers climbing annually. Which of the following is most

7. Which of the following is the most likely example of a production industry Subassembly plant

8. A corporation whose stock can be purchased by anyone and is traded in stock markets is known as a

9. A syndicate is a temporary association of individuals or firms organized to perform a specific task that requires a large

10. A small-business investment company (SBIC) is a government agency that provides venture capital to small enterprises