Chapter 8, 9 &10 Economics part 1

Chapter 8, 9 &10 Economics part 1

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

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20 questions

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1.

FLASHCARD QUESTION

Front

The government document that grants permission to establish a corporation is called a 

Back

Charter

2.

FLASHCARD QUESTION

Front

A business run by a single person is a 

Back

Sole Proprietorship

3.

FLASHCARD QUESTION

Front

In a retail business, what is the stock held in reserve called?

Back

Inventory

4.

FLASHCARD QUESTION

Front

Which of the following best defines the term limited partnership? Options: An organization that limits liability to the corporation rather than the individual owner., A business in which at least one partner has less responsibility in the business., A business that is limited to three or fewer investors., A business model that combines aspects of corporations and partnerships.

Back

A business in which at least one partner has less responsibility in the business.

5.

FLASHCARD QUESTION

Front

What is the document called certifying ownership of part of a corporation?

Back

Stock certificate

6.

FLASHCARD QUESTION

Front

To get a picture of a business's overall expenses and profits, you should look at the companies _____?

Back

Income Statement

7.

FLASHCARD QUESTION

Front

Which of the following is a non-cash or monetary charge related to a business?
Options: Horizontal Merger, Wages, Dividends, Depreciation

Back

Depreciation

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