Chapter 8, 9 &10 Economics part 1

Front

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

Back

Charter

Front

A business run by a single person is a 

Back

Sole Proprietorship

Front

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

Back

Inventory

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.

Front

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

Back

Stock certificate

Front

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

Back

Income Statement

Front

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

Back

Depreciation

Front

Most mergers take place to improve a company's performance in the eyes of the _____?

Back

Shareholders

Front

A company that has four or more businesses that make unrelated products is called a _____?

Back

Conglomerate

Front

Which of the following is an advantage of a multinational corporation?
Options:
They help Mrs. Sittenauer earn money for her retirement.
They use cheap labor
They export scarce resources
They produce tax revenue for the countries they do business in.

Back

They produce tax revenue for the countries they do business in.