Exam 1: Organization of the Industry

A typical apprenticeship requires __________ hours per year of supervised work experience.

In which of the following business types do the company owners enjoy limited liability?

A(n) __________ is a skilled craft worker who has proven his/her ability in a particular trade.

A corporation is managed by its _________________________.

An individual who is being trained to work in the building trades and works under the supervision of a skilled craftsman is called a(n) __________.

Most small cities and counties publish their own building codes.

In which of the following types of businesses are the owners NOT responsible for the company debts?

A business that is operated by a board of directors is called a __________.