Entrepreneurship Final

Front

What is a Sole Proprietorship?

Back

A business that is owned by one individual.

Front

Partnership requires at least three people

Back

False

Front

Business owned by shareholders is

Back

Corporation

Front

Franchisors usually provide all of the listed items except.... Advertising, Training, Loan, Equipment

Back

Loan

Front

An example of a service firm is: Beauty Salon, Mechanic, Landscaping, All of the above

Back

All of the above

Front

Google, Amazon, and Facebook are examples of...

Back

Corporations

Front

Business arrangement in which an established company sells the right for others to use the company's name and operating plan to sell products or services.

Back

Franchise

Front

What is scarcity?

Back

a shortage of resources

Front

In general, if the price of a good or service goes down, what happens to the demand for that good or service?

Back

demand goes up

Front

In general, if the price of a good or service goes up, what happens to the demand for that good or service?

Back

demand goes down