
Bus. Org & Mkt. Structures
Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
Jana Mullis
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Choose the correct analogy regarding business organizations and market structures.
a market structure is like a baseball team
a market structure is like a baseball field
a business organization is like a baseball field
a business organization is where businesses play
2.
DROPDOWN QUESTION
1 min • 1 pt
Which of the following market structures has the least barriers to entry? (a)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which business organization do owners give up the least responsibility?
corporation
partnership
sole proprietorship
monopoly
4.
DRAG AND DROP QUESTION
1 min • 1 pt
A sole proprietorship has (a) liability and (b) life. Owners (c) lose personal assets and the business (d) last forever.
5.
MATCH QUESTION
1 min • 1 pt
Match the following
least protection for owners
corporation
owners are responsible for each other's actions
partnership
can raise the most capital
stock
IRS collects from the business and its owners
Sole Proprietorship
represents partial ownership in a company
double taxation
6.
DROPDOWN QUESTION
1 min • 1 pt
In a (a) competitive market, producers are called price takers because they have (b) control over pricing. This in contrast to a monopolistically competitive market where producers have (c) control over pricing because products are (d) similiar.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a benefit of a sole proprietorship?
Unlimited liability
Limited life
easy to start
protection from creditors
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