
Unit 3: Business/Market Structures
Authored by Meredith Westerterp
Social Studies
12th Grade
Used 1+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What IS an advantage of a sole proprietorship?
Shares can be sold to raise capital (money)
Decisions are responsibilities can be shared
The owner has independence
It is hard to start up
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
All are ways to raise money to start a business except
Savings
Borrow
Issue Stocks
Win the Lotto
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Your car was designed in the US but made in Europe, what type of enterprise is this?
Multinational Corporation
General partnership
Domestic Monopoly
Oligopoly
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What government commission ensures work places are free of hazards that may cause death or serious injury?
EEOC
FDA
FLSA
OSHA
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What government commission ensures hiring practices are fair and non discriminating
OHSA
EEOC
FDA
None of the above
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A sole proprietorship is described as
a business owned by 2 or more people
a business owned by one person
a business owned by a corporation
None of the above
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is liability
Being responsible for all financial losses
Meeting deadlines on time
Being able to pay employees
Lies
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