Semester Pre/Post Assessment

Semester Pre/Post Assessment

Assessment

Flashcard

Business

9th Grade

Hard

Created by

Wayground Content

FREE Resource

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25 questions

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1.

FLASHCARD QUESTION

Front

In a general partnership, how is ownership shared?

Back

Ownership is shared equally among partners.

2.

FLASHCARD QUESTION

Front

What does an LLC combine features of?

Back

Corporations and Partnerships

3.

FLASHCARD QUESTION

Front

What are assets in a business context?

Back

Items owned by a business that hold value

4.

FLASHCARD QUESTION

Front

What are liabilities?

Back

Obligations or debts a business must pay

5.

FLASHCARD QUESTION

Front

Which type of business structure is legally separate from its owners?

Back

Corporation

6.

FLASHCARD QUESTION

Front

What is a common example of a liability?

Back

Credit card debt

7.

FLASHCARD QUESTION

Front

What is an economic system?

Back

A way a society produces, provides, and distributes goods and services

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