2025 OLE Unit 3 Test Review

Which business organization has an easier time raising funds?

• Partnerships

• Sole Proprietorship

• Corporations

• Limited Liability Parnterships

The Military, Utilities, Parks and Police represent ___________ ____________ held by the government.

• Private Businesses

• Natural Monopolies

• Unnatural Partnerships

• Private Consumer Goods

Horizontal Mergers result in the elimination of competition and the possible creation of:

• Partnerships

• Monopolies

• Public Goods

• Personal Loans

When economic decisions cause effects on third parties, it's the concept of:

• Tax Havens

• Marginal Utility

• Externalities

• Public Goods

If a company is a Monopolistic Competition, if it raises its prices then:

• Consumers will boycott their employers

• It will generate significantly higher profits

• Its competitors will raise their prices immediately to match them

• Consumers will buy from its competitor

When companies from different industries join together to form one large company, it is this style of merger

• Partnership

• Monopoly

• Vertical Integration

• Conglomerate

True or False, a major benefit of Horizontal Mergers is the reduction of risk caused by one company failing.

• True

• False

Price Leadership and Collusion are related to what type of market structure?

• Monopolistic Competition

• Corporations

• Oligopolies

• Monopolies

What do workers join together to negotiate for better wages, better working conditions and/or benefits?

• Labor Unions

• Monopolies

• Arbitration

• Insurance

What type of business organization is the easiest to set up?

• Corporations

• Limited Liability Partnerships

• Monopolistic Competitions

• Sole Proprietorships