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WorksheetsTypes of Business & Money 2022
Total questions: 20
Worksheet time: 40mins
2. Mario and his brother Luigi started a plumbing company together. They split the profits and the expenses.
Sole Proprietorship
Partnership
Corporation
A company wants to computerize its accounting system. It issues stocks to raise additional funds.
Sole Proprietorship
Partnership
Corporation
3. Mary opened a dance studio. She receives all the profits from her students’ lessons.
Sole Proprietorship
Partnership
Corporation
An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment refers to;
Debt
Deposit
Credit
Collateral
_____________ is money by government decree, has no alternative value
Gold standard
Specie
Barter
Fiat money
__________ is a currency that must be accepted for payment by decree of government
Barter
Fiat
Legal tender
Specie
Which of these can cost you money in large interest payments?
a debit card
a credit card
a checking account
a savings account
