Economics Unit 3 CH. 8-9

What is the easiest type of business to start?

• charter

• sole proprietorship

• corporation

• limited liability corporation

In a retail business, the stock held in reserve is called...

• raw materials

• inventory

• capital

• profits

A document certifying ownership of part of a corporation is a...

• charter

• stock certificate

• dividend check

• bond

The definition of Cash Flow is...

• combination of firms producing the same kind of product

• funds left over after expenses

• report showing a business' sales, expenses, net income and cash flow

• total amount of new funds generated by a business

(blank) are the funds left over after expenses.

• net income

• cash flow

• income statement

• dividends

A company with four or more businesses that make unrelated products is called a...

• horizontal merger

• vertical merger

• conglomerate

• multinational

(blank) operates like a business but doesn't seek financial gain.

• labor union

• cooperative

• credit union

• nonprofit organization

What does a Credit Union do?

• operates like a business

• accepts deposits, makes loans, and provides other financial services

• promotes the welfare of its business members

• represent workers' interests in various employment matters

Schools, churches, and community organizations are examples of...

• cooperatives

• conglomerates

• nonprofit organizations

• labor unions

A credit union is an example of a...

• producer cooperative

• conglomerate

• service cooperative

• consumer cooperative