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Worksheets

Markets and Finances

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Generally accepted for payment for goods and services.

a)

Store of Value

b)

Medium of Exchange

c)

Unit of Account

2.

Sometimes corporations but also people who lend money.

a)

Lender

b)

Borrower

c)

A Bookie

3.

Those who want to borrow money to purchase items such as houses and items.

a)

Borrower

b)

Lender

c)

Relative

4.

Old method of exchange. People exchange services and goods for other services and goods in return.

a)

Gold Standard

b)

Capital

c)

Barter System

5.

A person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business is known as what?

a)

Entrepreneur

b)

Chief Financial Officer

c)

Sole Proprietorship

6.

Which is not the main 4 types of businesses?

a)

Dot.com/Internet

b)

Sole Proprietorship

c)

Corporation

d)

Partnership

e)

Hybrid

7.

Owners pay taxes on their income, and as stockholders, they also pay taxes on profits issued to them is called what?

a)

Limited Taxation

b)

Sales Taxation

c)

Double Taxation

d)

Excise Taxation

8.

When a Company Needs a State Charter. Where do they go to get it?

a)

State charters are from where the main office will be located for a corporation.

b)

State charters come from the city where the corporation will be located.

c)

State charters are from the Federal Government

9.

Equity is the difference between the value of assets/interest and the cost of what?

a)

Debt you need to pay.

b)

liabilities of something owned.

c)

the percentage of principal.

10.

Which of the following doesn't influence markets?

a)

Technology Innovation

b)

Natural Disasters

c)

Transport Conditions

d)

Another Market from another country