EPF 8:  Competition in the Mixed Economy

EPF 8: Competition in the Mixed Economy

12th Grade

22 Qs

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EPF 8:  Competition in the Mixed Economy

EPF 8: Competition in the Mixed Economy

Assessment

Quiz

Financial Education

12th Grade

Practice Problem

Medium

Created by

Carrie Annette Johnson

Used 8+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business? - Approximately 3/4 of all businesses in the U.S. are this type of business organization

Sole Proprietorship

Partnership

Corporation

Non-Profit Organization

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business? - Disagreements are the main disadvantage of this type of business organization

Sole Proprietorship

Partnership

Corporation

Non-Profit Organization

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business? - The economic risk is shared by a large number of investors

Sole Proprietorship

Partnership

Corporation

Non-Profit Organization

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business? - The owner receives all profits individually

Sole Proprietorship

Partnership

Corporation

Non-Profit Organization

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business? - Must pay dividends to its shareholders

Sole Proprietorship

Partnership

Corporation

Non-Profit Organization

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business? - Pieces of ownership are called stock

Sole Proprietorship

Partnership

Corporation

Non-Profit Organization

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business? - Provides a service to the public at a minimal or no cost (ex: American Red Cross)

Sole Proprietorship

Partnership

Corporation

Non-Profit Organization

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