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WorksheetsBusiness and Finance
Total questions: 10
Worksheet time: 5mins
What Is Limited liability?
A business who often pays a initial fee for the right to operate under a name
The assets of the owners of the company are protected from debts and creditors
An asset that serves to secure a loan when businesses need capital
A group of people or company authorized by the state to act as a single entity
What is a Franchise?
An asset that serves to secure a loan when businesses need capital
The limited availability of a specific resource
An unincorporated business owned and ran by on individual
A business who often pays a initial fee for the right to operate under a name
What is Sole proprietorship?
A person who develops, organizes and runs a new business
An unincorporated business owned and ran by on individual
A person who develops, organizes and runs a new business
The assets of the owners of the company are protected from debts and creditors
What is Collateral?
Where workers own the general means of production
A group of people or company authorized by the state to act as a single entity
An asset that serves to secure a loan when businesses need capital
The rate of increase in prices over a given period of time
What is Monopoly?
A single seller in the market
The limited availability of a specific resource
A person who develops, organizes and runs a new business
Tangible items sold to customers and producing the item
What is Opportunity cost?
Where workers own the general means of production
The assets of the owners of the company are protected from debts and creditors
The best alternative when making a decision
The relationship between two or more people to do trade or business
What is Labor?
Physical, mental or social effort to produce a specific item
An area you own
A single seller in the market
Where workers own the general means of production
What is Inflation?
The best alternative when making a decision
The rate of increase in prices over a given period of time
Tangible items sold to customers and producing the item
A business who often pays a initial fee for the right to operate under a name
What is Scarcity?
The assets of the owners of the company are protected from debts and creditors
The limited availability of a specific resource
Physical, mental or social effort to produce a specific item
The rate of increase in prices over a given period of time
What is a Entrepreneur?
The relationship between two or more people to do trade or business
An unincorporated business owned and ran by on individual
A person who develops, organizes and runs a new business
An unincorporated business owned and ran by on individual
