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Economics Chapter 3 Test

Authored by Katrina Schaefer

Business

9th - 12th Grade

Used 1+ times

Economics Chapter 3 Test
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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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