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- 15 The form of business organization most heavily regulated by the government is the: a) Partnership b) Corporation c) Joint venture d) Sole proprietorship 16 A team and a group work in exactly the same way. a) True b) False 17 _ consists of everything that a company does to identify customers' needs and designing products to meet those needs a) Management b) Marketing c) Operations d) Strategic management 18 Unlike the term recession, economists have not reached an agreement on a unified standard to what constitutes depression a) Ture b) false 19 The United States currently bans nearly every commodity from Cuba due to political reasons. This trade control is known as an): a) Tariff b) Quota C) Embargo d) Subsidy 20 Conditions for settling disputes, division of income (or loss), and how an owner's interest in the company can be sold are typically contained in what? a) Mission statement b) Income statement c) Shareholder agreement di Partnership agreement 21 Group cohesiveness refers to the attractiveness of a team to its members. a) True b) False 22 Competitors are the most common stakeholders in any business. a) True b) Fatse 23 Which of the following descriptions best fits the word "recession"? a) Any period of time in which the economy of a country is stable and not growing b) Any period of time in which the economy of a country is growing too fast c) An extended period of depression d) When GDP goes down for two consecutive quarters

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