Economics Quarter Exam

Front

Limited life applies to _______.

Back

sole proprietorships

Front

Kai's net income is defined as _______.

Back

total income after expenses

Front

Main purpose of incubators?

Back

Providing training for entrepreneurs' success.

Front

A venture capitalist’s main goal is to:

Back

get a good return on an investment

Front

True of both nonprofits and for-profits:

Back

Use scarce factors of production.

Front

True about nonprofit organizations:

Back

They work in a businesslike way to promote member interests.

Front

Most numerous business type analyzed by Abigail and Daniel?

Back

Sole proprietorships

Front

Key characteristic of a sole proprietorship:

Back

Unlimited liability

Front

Advantage of forming a corporation?

Back

Limited liability for shareholders

Front

Olivia and David's charity event aims to:

Back

Provide a public benefit