
Bus. Org & Mkt. Structures
Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
Jana Mullis
Used 2+ times
FREE Resource
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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
IRS collects from the business and its owners
partnership
represents partial ownership in a company
Sole Proprietorship
can raise the most capital
double taxation
least protection for owners
stock
owners are responsible for each other's actions
corporation
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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