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WorksheetsChargers SOL Quiz #3
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
A business with one owner who takes all the risks and keeps all the profits is a -
a)
cooperative
b)
corporation
c)
partnership
d)
proprietorship
2.
An entrepreneur is a person who -
a)
enforces government regulations for business
b)
takes the risk of production to earn a profit
c)
sets the interest rates at banks
d)
manages financial investments
3.
Career planning should begin with -
a)
work ethic
b)
job training
c)
self-assessment
d)
community service
4.
What is one way to lower the cost of production?
a)
hire additional workers
b)
create new techniques
c)
use more resources
d)
offer discount proces
5.
Tax money paid by businesses and individuals is used to provide -
a)
private savings
b)
natural resources
c)
public goods
d)
company profits
6.
Schools, highways and libraries are referred to as public services because they -
a)
encourage cooperation between government branches
b)
are funded through individual investment
c)
are created by large corporations
d)
provide benefits to many people
7.
The US government encourages marketplace competition by -
a)
supporting new businesses
b)
developing monopolies
c)
taxing imports
d)
limiting economic growth
8.
A goal of the Federal Reserve System is to -
a)
set the tax rate
b)
keep the economy stable
c)
maintain high interest rates
d)
provide tax money to the government
9.
The 16th Amendment allows the government to -
a)
enact business regulations
b)
set pollution controls
c)
levy import tariffs
d)
collect income taxes
10.
The Constitutional Convention sought to correct -
a)
failed policies made by foreign officials
b)
grievances in the Declaration of Independence
c)
national problems caused by outdated laws
d)
weaknesses within the Articles of Confederation
11.
A citizen can help ensure the rights of an accused person by -
a)
serving in the military
b)
paying an income tax
c)
serving on a jury
d)
obeying the state law
12.
Why have only 27 amendments been added to the US Constitution in more than 200 years?
a)
The process of adding amendments is complex
b)
The courts strike down many amendments
c)
National laws limit the number of amendments
d)
Changes in society are too small to require amendments
13.
The power of veto is one way the president can influence -
a)
judicial review
b)
foreign affairs
c)
international trade
d)
national policies
14.
Which branch of government has the power to declare Virginia laws unconstitutional?
a)
state judicial branch
b)
federal executive branch
c)
state executive branch
d)
federal legislative branch
15.
Why is community service important in a democratic nation?
a)
It helps businesses find and train new employees
b)
It addresses local needs and serves the public good
c)
It lowers unemployment by giving jobs to volunteers
d)
It removes the national government's duty to imporve society
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