Economic Organisations

Economic Organisations

11th Grade

18 Qs

quiz-placeholder

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Economic Organisations

Economic Organisations

Assessment

Quiz

Social Studies

11th Grade

Medium

Created by

Ronnel Salgado

Used 1+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economy is an essential institution, which addresses problems regarding the limited resources of the society.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Partnership enables the entrepreneur to handle half the burden that a sole proprietor would have to carry.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Members of cooperative organizations are allowed to sell their shares.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Reciprocity occurs in both market and non-market economies, where goods and services are given away, purchased, sold or traded for economic and social gain.

False
True

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of general reciprocity?

Unselfish sharing where one offers something without the expectation of immediate return.

Gift giving at a birthday party where you give gifts in return for the meal and social interaction.

Cheating, manipulation, and hard bargaining where one side loses in the exchange.

None of the choices

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

It refers to the theory, policy or practice of lessening or reducing inequalities in income.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Cooperative Organization is similar with Joint Stock Company in a way that the capital is supplied by a large number of persons who receive interest on other shares.

True

False

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