
Chp 7 quiz
Social Studies
KG - 1st Grade
CCSS covered
Used 3+ times

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21 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A form of business in which there is only own owner is referred to as a
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
_______ is the concept that an owner's personal assets can be used to pay the bills of the business.
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Most of the dollar sales in the United States are earned by
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Disadvantages include limited life and
the potential for conflict between partners
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An advantage of a corporation is that
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Barry and two associates have been operating a business that is not going well. Barry is stressed out because the company is over $200,000 in debt and he knows that if it goes out of business, he and his two associates will have to pay it out of their own pockets. It sounds like Barry and his two associates have a
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is the best definition of REVENUE?
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