
ECON FINALS REVIEWER
Authored by Iza Hernaez
Other
12th Grade
Used 1+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of business is operated by a single person.
sole proprietorship
cooperatives
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of partnership only has partners responsible to a certain extent, usually based on the amount contributed.
general partnership
limited partnership
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Corporations are expected to register with the Securities and Exchange Commission (SEC).
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of business is an association of individuals who work together to pursue their social, cultural, and economic needs.
sole proprietorship
partnership
corporation
cooperatives
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This sector in the economy owns the resources or factors of production needed by the business.
household sector
business sector
government
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This sector is the regulating unit in the economy.
household
government
business sector
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many sectors are businesses classified into?
two
three
four
five
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