A__________ will provide money to the partnership in return for a share of the profits, but will not be involved in the management of the organization.*

Chief executive officer

Sole trader

General partner

Silent partner

Many banks have departments for personal banking, small businesses and corporate banking. This is an example of: __________.*

By major region

By main customer groups

By main product groups

By key functions

Large limited companies must hold an __________ that shareholders can attend if they choose.*

Monthly general meeting

Monthly detailed meeting

Daily-basis meeting

Annual general meeting

Information and messages passed between people who own or work together in the same organization involve __________.*

Horizontal communications

Internal communications

External communications

Vertical communications

The__________ helps to negotiate reductions in trade barriers and to resolve trade disputes between member countries.*

World Exchange Organization (WEO)

General Agreement on Tariffs and Trade (GATT)

International Trade Organization (ITO)

World Trade Organization (WTO)

__________ has allowed McDonalds to achieve rapid global growth in its brand and sales.*

Delicious food

International trading

Partnerships

Franchising

The public listing and issue of new shares for sale in a company is called __________.*

Stock exchange

Flotation

Bourse

Shares release

In a __________, decisions about how to use resources, what to produce and who to produce for are taken by private and public sectors.*

Planned economy

Free economy

Mixed economy

Market economy

Ineffective communications with suppliers could result in a business being sent wrong martial, perhaps even to the wrong location. This is related to __________.*

Communication with other organization

Communication with customers

Communication with employees

Internal communication

Communication with customers involves __________.*

Senior management meetings to discuss business strategy

Providing product information in person or in brochures or catalogues

Providing feedback on an employee's performance

E-mailed memos about pay awards and bonuses

Nowadays, __________ economies are becoming more open.*

National

Agricultural

Multinational

Industrial

An organizational chart shows the __________ each manager has in terms of the number of employees and job roles he or she is responsible for.*

Span of control

Delegation

Hierarchy

Chain of command

__________is when managers monitor and evaluate the performance in order to ensure that the goals are being met.*

Leading

Organizing

Planning

Controlling