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CE 12 Vocabulary

Authored by Carrie O'Hanlon

Other

7th - 8th Grade

Used 102+ times

CE 12 Vocabulary
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business or organization that takes in deposits of money, and uses that money to make loans-

Bank

Credit Union

Financial Institutions

Corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumers determine through purchases what goods and services will be produced.

Consumer Sovereignty

Financial Capital

Supply

Free Enterprise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business organization that is authorized by law to act as a legal entity regardless of the number of owners.

Entrepreneur

Proprietorship

Corporation

Partnership

4.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

A type of bank open only to members of a sponsoring group, such as an employer.

5.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

The amount of a good or service that consumers are willing and able to buy at different prices

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A way of visualizing and categorizing activity within an economy that shows the continuous flow goods, services, resources, and money

Supply

Circular Flow

Equilibrium price

Demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What best describes an entrepreneur?

Business organization that is authorized by law to act as a legal entity regardless of the number of owners.

A business organization with two owners

A person who takes a risk to produce and sell goods and services in search of profit

A business that you can invest in

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