UNIT 4 TEST

A business partnership is.......

• set up where every partner shares an equal amount of responsibility and liability.

• • 1.Easy to start up at low cost

  • 2.Sole receiver of profit

  • 3.Full control of decision making

• to borrow money than a sole proprietorship because there are more people to pay the money back.

• has over a partnership is that the sole owner keeps all of the business profits.

Advantages of a SOLE PROPRIETORSHIP -

• set up where every partner shares an equal amount of responsibility and liability.

• • 1.Easy to start up at low cost

  • 2.Sole receiver of profit

  • 3.Full control of decision making

• to borrow money than a sole proprietorship because there are more people to pay the money back.

• has over a partnership is that the sole owner keeps all of the business profits.

It is easier for a partnership................?

• set up where every partner shares an equal amount of responsibility and liability.

• • 1.Easy to start up at low cost

  • 2.Sole receiver of profit

  • 3.Full control of decision making

• to borrow money than a sole proprietorship because there are more people to pay the money back.

• has over a partnership is that the sole owner keeps all of the business profits.

An advantage that a sole proprietorship.............

• set up where every partner shares an equal amount of responsibility and liability.

• • 1.Easy to start up at low cost

  • 2.Sole receiver of profit

  • 3.Full control of decision making

• to borrow money than a sole proprietorship because there are more people to pay the money back.

•  has over a partnership is that the sole owner keeps all of the business profits.

A disadvantage of turning a partnership........

• into a corporation is that the partnership will not make the decisions anymore.

•  is that the corporation is a separate entity apart from the owners and workers.

•  used to process orders of products is an example of business property.

  
  

•  think private ownership affects the upkeep and maintenance of business property in a good way because owners want their property to look nice so customers will do business with them.

The major difference between a corporation and other types of businesses...........

• into a corporation is that the partnership will not make the decisions anymore.

•  is that the corporation is a separate entity apart from the owners and workers.

•  used to process orders of products is an example of business property.

  
  

•  think private ownership affects the upkeep and maintenance of business property in a good way because owners want their property to look nice so customers will do business with them.

A computer...........

• into a corporation is that the partnership will not make the decisions anymore.

•  is that the corporation is a separate entity apart from the owners and workers.

•  used to process orders of products is an example of business property.

  
  

•  think private ownership affects the upkeep and maintenance of business property in a good way because owners want their property to look nice so customers will do business with them.

Economists...........

• into a corporation is that the partnership will not make the decisions anymore.

•  is that the corporation is a separate entity apart from the owners and workers.

•  used to process orders of products is an example of business property.

  
  

•  think private ownership affects the upkeep and maintenance of business property in a good way because owners want their property to look nice so customers will do business with them.

You spend $9.50 at the movie theater to watch Star Wars.

• This is the consumption part of GDP.

• consumption, investment, government spending, and net exports. They are required to determine a country’s economic growth.

  
  

• when the price level goes up continuously over a period of time.

• of products used to calculate GDP.

The components of gross domestic product are..............

• This is the consumption part of GDP.

• consumption, investment, government spending, and net exports. They are required to determine a country’s economic growth.

  
  

• when the price level goes up continuously over a period of time.

• of products used to calculate GDP.