Economics: Chapter 7 Key Terms

Economics: Chapter 7 Key Terms

9th - 12th Grade

10 Qs

quiz-placeholder

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Economics: Chapter 7 Key Terms

Economics: Chapter 7 Key Terms

Assessment

Quiz

Social Studies

9th - 12th Grade

Easy

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A business that is owned and managed by one person.

Sole Proprietorship

Collateral

General Partnership

Limited Partnership

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A debt obligation.

Liability

Stock

Horizontal Combination

Vertical Combination

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Property pledged by a borrower as security for a loan.

Collateral

Conglomerate Combination

Stock

Corporation

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A partnership in which all members have equal authority and share equally in the business’s profits and losses.

General Partnership

Limited Partnership

Liability

Sole Proprietorship

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A form of partnership in which some members invest money but take no part in management.

Limited Partnership

General Partnership

Collateral

Stock

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A business in which a group of owners share in the profits and losses.

Corporation

Conglomerate Combination

Vertical Combination

Limited Partnership

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A share of ownership in a corporation.

Stock

Liability

Corporation

General Partnership

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