Chapter 1 and 2
Quiz
•
Social Studies
•
11th Grade
•
Practice Problem
•
Hard
Nikita Mota
Used 3+ times
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20 questions
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1.
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45 sec • 1 pt
____________are a type of private sector business entity owned by 2-20 people.
2.
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45 sec • 1 pt
An __________occurs when a business sells all or part of its business to shareholders on a public stock exchange for the first time
3.
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45 sec • 1 pt
_________are people's desires, i.e. the things they would like to have, e.g. new clothes, smartphones, jewellery
4.
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45 sec • 1 pt
Due to their larger size, companies can benefit from lower unit costs of production. This is called ____________
5.
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45 sec • 1 pt
Organisations that are partially or wholly owned by the government are called _________ companies
6.
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45 sec • 1 pt
The legal contract signed by the owners of a partnership is called _____________
7.
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45 sec • 1 pt
The feature of sole traders and ordinary partnerships who are legally responsible for all monies owed to their lenders, even if this means they have to sell their personal possessions to pay for their debts is called _________________
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