Unit 7-9 Test

What is a sole proprietorship?

• Business with many owners

• Business with one owner

• A Franchise

• A chain store

What is the legal obligation held to business owners to pay off all debts?

• Liability

• Limited Access

• Fringe Benefits

• Monopoly

What kind of businesses are owned by two or people?

• Sole Proprietorship

• Franchise

• Partnership

• Monopolistic Competition

Which one is not a disadvantages of partnerships

• Assets build up the company

• Unlimited Liability

• Conflicts

• Permanent separations or fall outs

What is the money called that is available to you after taxes?

• Pre-Tax Money

• Net Income

• Disposable Income

• 401k Money

One of the best things to do when investing is placing money in different types of investments which is called what?

• Load up in one place

• Diversify

• Bury it in the backyard

• Put it all in savings

What are the two common types of retirement funds? (Mark two)

• 401k

• Roth IRA

• Merrill Lynch Stocks

• Mutual Funds

What animal is announced when the market is negatively reacting in a time period?

• Bear

• Bull

• Goat

• Lamb

What is the range for a credit score?

• 300-850

• 0-1000

• 0-100

• 350-800

What is APR?

• Monthly percents

• Annual Percentage Rate

• Loan total amount

• Actual Percentage Rate