If they were to open in Asia, I really don’t see it being a problem for the fact is I’m sure they will get their employees the proper training they need. They may higher from Asia, which speak their langue plus speak other languages. They take care of their employees as well as the employees take care of the guests.
Chapter 3 Test
True/False
Indicate whether the statement is true or false.
____ 1. Preferred stock represents the nonvoting ownership of a corporation.
____ 2. Limited liability is one characteristic of the corporate form of business organization.
____ 3. A proxy is a written promise issued by a corporation to repay borrowed money at a later date.
____ 4. One advantage of a corporation is the ease of obtaining a charter.
____ 5. One disadvantage of a general partnership is each partners' responsibility for the acts of all other partners.
____ 6. Many schools, medical care facilities, and churches operate as nonprofit organizations.
____ 7. Cooperatives can be organized to help consumers, provide services, or help producers.
____ 8. The American Federation of Labor is an example of a professional association.
____ 9. Labor unions use collective bargaining to negotiate job-related issues with management.
____ 10. Social Security is an example of government's direct role in the economy.
____ 11. Sole proprietorships must request a charter from the state in which they are organized.
____ 12. People form partnerships because it often improves a business's management and can usually attract capital more easily than