
Unit 3 Formative 1 Review
Authored by Alysyn Merrill
Life Skills
12th Grade
Used 4+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a balance sheet?
Shows profit or loss and revenues and expenses
Shows assets, liability, and equity as of a current date
Inflow and outflow of cash over a specific period of time
A report showing a business's sales, expenses, and profits for a certain period
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: Crowdfunding is a method that entrepreneurs use to secure financing.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ________________ is a combination of two or more business enterprises to form a single firm
Merger
Conglomerate
Incubator
Venture Capitalist
4.
DROPDOWN QUESTION
1 min • 1 pt
Conglomerates are firms with (a) or more businesses making (b) products, with no single business responsible for a majority of its sales.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A feature of taxation that allows stockholder dividends to be taxed both as corporate profit and personal income
Common Stock
Double Taxation
Principal
Franchise
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of merger involves firms that produce the same kind of product?
Vertical Merger
Horizontal Merger
Both A and B
Neither A or B
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: A venture capitalist provides investment funds for established businesses in exchange for ownership shares.
True
False
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