Economics Chapter 3 Test
Authored by Katrina Schaefer
Business
9th - 12th Grade
Used 1+ times
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27 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
1 ) This is a business jointly owned by two or more persons.
Partnership
Sole propriotorship
Unlimited Liability
Charter
Common Stock
2.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
2) this is a business owned and ran by one person.
Sole propriotorship
Unlimited Liability
Partnership
Charter
Common Stock
3.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
3) This is a combination of two or more businesses to form a single firm.
Merger
Sole propriotorship
Unlimited Liability
Partnership
Charter
4.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
4) This is one of the main reasons for conglomerate mergers. (Making more than one product).
Diversification
Sole propriotorship
Unlimited Liability
Partnership
Charter
5.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
5) This is a government document that gives permission to create a corporation.
Charter
Sole propriotorship
Unlimited Liability
Partnership
Common Stock
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
6) This is a corporation that has manufacturing or service operations in a number of different countries.
Multinational
Sole propriotorship
Unlimited Liability
Partnership
Charter
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
7) This is a group of people in a specialized occupation that works to improve the working conditions, skill level, and public perception.
Professional Associations
Sole propriotorship
Unlimited Liability
Partnership
Charter
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