
DC Intro to Bus Ch 1-4
Authored by Carrie Smith
Financial Education
9th Grade
NCCTE covered
Used 1+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All economic systems must address three important issues, one of which is how the goods and services will be produced.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tomas has responsibility for the functions of organizing, staffing, planning, and controlling activities in a large company. These functions are most closely associated with:
managers.
assembly line workers.
investment advisors.
stockbrokers.
direct sales executives.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A firm's _______ resources are also known as labor.
human
financial
natural
technological
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In a command economy, who makes the major economic decisions?
Individual consumers
Business owners
The government
International organizations
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is a characteristic of a market economy?
Government control of all resources
Central planning by the government
Decisions made by individual consumers and businesses
Equal distribution of wealth
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business ownership is characterized by having a single owner who is personally responsible for all debts and obligations?
Corporation
Partnership
Sole Proprietorship
LLC
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business entity allows for the business to be taxed as a partnership while providing limited liability protection to its owners?
Corporation
S Corporation
Partnership
Sole Proprietorship
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