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Intro to Business Chapter

Authored by John Robinson

Social Studies

9th Grade

Intro to Business Chapter
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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The straight line overlaid on the business cycle represents the economy's full employment level.

False

True

2.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Media Image

Which of the following goal(s) are strong at the peak?

equity

full employment

growth

price stability

3.

MULTIPLE SELECT QUESTION

1 min • 1 pt

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Which of the following goal(s) is mostly likely to be in trouble at the peak?

equity

full employment

growth

price stability

4.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Media Image

Which of the following goal(s) is mostly likely to be in trouble at the trough?

equity

full employment

growth

price stability

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A(n) _________ is someone who sets up a new business to make a profit.

monopoly

corporation

entrepreneur

anarchist

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary purpose of a business?

To provide goods and services

To employ people

To pay taxes

To compete with other businesses

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a characteristic of a sole proprietorship?

Limited liability

Owned by shareholders

Single owner

Double taxation

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