
Chp. 4 Business in the Free Enterprise
Authored by Katy Heller
Business
9th Grade
Used 5+ times

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12 questions
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1.
MATCH QUESTION
1 min • 5 pts
Match the following
Industry
A group of businesses that produce the same type of goods or services.
Limited Liability
This license may be required if a proprietorship business uses a name other than the owner's name.
Retailers
Businesses that sell primarily to other businesses are in this market.
Business-to-business
Business that buys products from wholesalers or directly from producers and sells them to consumers to make a profit.
Doing business as (DBA)
Means stockholders and owners are not personally responsible for the debts and obligations of the business.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A share of ownership in a corporation is called
Liability
Partnership
Dividend
Stock
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An association of two or more persons who co-own a business with the objective of earning a profit.
Company
Store
Proprietorship
Partnership
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business that purchases large quantities of products directly from producers and sells the products in smaller quantities to retailers.
Middle man
Wholesaler
Company
Store
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A group of individuals who make high-level management decisions for a corporation and establish company policies.
Board of Directors
Management Team
Assembly
Collective
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a private enterprise system, this directly provides consumers with products that meet their needs and wants.
Service businesses
Retailers
Stores
Wholesalers
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business that use supplies from other producers to make products.
Assemblers
Factories
Extractors
Manufacturers
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