NEW
Font size
S
M
L
XL
WorksheetsEcon - Quiz 3
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
A corporation's written promise to repay borrowed money at a later date is a?
a)
Bond
b)
Stock Certificate
c)
Partnership
d)
Charter
2.
When the owner of a business is personally and fully responsible for all losses and debts of the business, it is know as?
a)
Bankruptcy
b)
Limited Life
c)
Unlimited Liability
d)
Unlimited Partnership
3.
An major advantage or a corporation is?
a)
Limited life and Unlimited Liability
b)
The ease of raising financial capital
c)
Federal and state tax breaks
d)
The facts that owners share equally in profits and losses
4.
The sum of net income and non-cash charges for a business is called?
a)
Cash Flow
b)
Revenues
c)
Depreciation
d)
Taxes
5.
Two grocery chains might wish to merge for all of the following reasons EXCEPT?
a)
To increase outlets and improve efficiency
b)
To reduce the number of competitors
c)
To create a new corporate identity
d)
To diversify corporate holdings
6.
The saying "Don't put all your eggs in one basket" is related to which of the following?
a)
Specialization
b)
Diversification
c)
Standardization
d)
Nationalization
7.
Host countries welcome multinationals because they?
a)
Produce tax revenues
b)
Pay low wages
c)
Export scarce resources
d)
Interfere with the local businesses
8.
A successful consumer cooperative offers its members?
a)
Loans at better rates than comercial loan companies.
b)
Help in selling their products directly to consumers.
c)
Representation in various employment matters.
d)
Products at lower prices than regular businesses charge.
9.
The Tennessee Valley Authority (TVA) ia a government agency that?
a)
Insures deposits in our nation's banks.
b)
Provides fire protection and rescue services.
c)
Supplies electrical power for much of the South.
d)
Provides money and guidelines for schools.
10.
A government corporation like the U.S. Postal Service differs from a regular government agency because the corporation?
a)
Uses assets provided by private businesses.
b)
Hires professional managers to oversee operations.
c)
Competes directly with private businesses.
d)
Covers its losses with funds supplied by Congress.
Reset
