A Bob's ownership in the business enterprise is determined by the value of the capital account. 8. Bernie is willing to invest in his brother's restaurant, but he has no desire C. Laura serves on the board of directors of a corporation in Pittsburg. D. Marissa has purchased shares of stock in the company that her father owns. 29. Which of the following individuals would most likely be a limited partner? to actively participate in the busines. E. Jason has gone into business with his former college roommate Alex and they share all operational duties. 30. Terry's small woodworking shop has gone out of business. He sold the equipment and inventory, but these were insufficient to pay the business's debts. Terry has been forced to sell his antique car to pay the business's creditors. What type of business did Terry have? A. A limited liability company B. A limited partnership C. A sole proprietorship D. A corporation E. A general partnership decision-making is decentralized and spread out across many more people in the organization, power is centralized with a small controlling group. 31. In a(n) organization, organization; in a(n) A. Matrix; inverted B. Matrix; network C. Vertical; horizontal D. Inverted; horizontal E. Horizontal; vertical 32. Which of the following might be contained in a company's contingency plan? Procedures for dealing with a major disruption of the company's technical systems A projection of sales in all product categories over the next five years A planned increase in annual research and development spending A statement of the company's commitment to customer service Hiring plans for the next fiscal year A. B. C. D. E. 33. What type of skill is used by a manager when she counsels an employee who is having personal problems that are impacting his performance at work? A. Decision making skills B. Conceptual skills C. Interpersonal skills D. Technical skills E. Time management skills 34. Which of the following identifies how an organization wants to be in the future? A. Vision statement B. Contingency plan C. Mission statement D. Tactical plan E. SWOT analysis