Chapter 8 - Business Orgs.

Chapter 8 - Business Orgs.

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

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25 questions

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1.

FLASHCARD QUESTION

Front

A merger of two or more companies that are part of the same industry are known as:

Back

horizontal mergers

2.

FLASHCARD QUESTION

Front

Which of the following would be a disadvantage of owning a franchise? Well-known brand and product, Benefits of advertising, High entry costs and fees, Less likely to fail

Back

High entry costs and fees

3.

FLASHCARD QUESTION

Front

All of the following are disadvantages of a sole proprietorship EXCEPT: Full liability falls of the owner, The business ends when the owner dies or retires, Harder to raise money, Any profits do not have to be shared with a partner or shareholders

Back

Any profits do not have to be shared with a partner or shareholders

4.

FLASHCARD QUESTION

Front

As a business owner, which of these would not change regardless of your production?
Options: Variable costs, Marginal Costs, Fixed Costs, Total Costs

Back

Fixed Costs

5.

FLASHCARD QUESTION

Front

Over time, adding more and more workers will eventually lead to a decrease in production. What is this called?

Back

Diminishing returns

6.

FLASHCARD QUESTION

Front

Which of the following is NOT a conglomerate? Amazon, Disney, Johnson and Johnson, GM

Back

GM

7.

FLASHCARD QUESTION

Front

All of the following are reasons why companies might merge together EXCEPT: Faster growth, Synergy, Elimination of rivals

Back

Easier to manage

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