Business Organizations and Circular Flow

A business that has one owner would be an example of a -

• Sole Proprietorship
• Partnership
• Corporation

Which type of business organization can act as a legal person?

• Sole Proprietorship
• Partnership
• Corporation

Walmart is an example of what type of business organization?

• Sole Proprietorship
• Partnership
• Corporation

People who take a risk by starting a business are called what?

• President
• Entrepreneur
• Senator
• Factory Worker

An entrepreneur can choose to have which type of business organization?

• Sole Proprietorship
• Partnership
• Corporation
• All of the above

A business where owners share profits and risks is called what?

• Partnership
• Proprietorship
• Entrepreneurship

Which category of Circular Flow provides goods and services?

• Businesses
• Government
• Households

Which category of Circular Flow provides public goods and services?

• Businesses
• Households
• Government

What is this picture an example of?

• Good or Service
• Public Good or Public Service

What is this picture an example of?

• Good or Service
• Public Good or Public Service