EPF 8: Competition in the Mixed Economy
Authored by Carrie Annette Johnson
Financial Education
12th Grade
Used 9+ times
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22 questions
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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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