WorksheetsUnit 4 Econ Study Guide
Total questions: 29
Worksheet time: 58mins
The most common type of business organization in the United States is the...
sole proprietorship
partnership
merger
franchise
The difference between the higher selling price of a stock and the lower original purchase price is the investors...
capital gains
profits
control
use of money
Shareholders generally like a stock split because...
they get more stock shares
they get more profit
they get more popularity
they get less spent money
A fact sheet containing data on a company finances is called a...
propectos
profits
stocks
revenue
the advantages of a sole proprietorship includes..
easy to start up
full control
profits
no worries
A sole proprietorship consists of...
one person running the business
two people running the business
three people running the business
as many people
Government regulations that specify the areas of a city or county where various business activities can we pursue are called.....
zoning laws
region laws
city laws
federal laws
the advantages of Partnerships include easy startup, specialization, shared decision-making and...
shared interest
shared money
more profit
friendship
An advantage of partnerships is that specific duties can be assigned to different partners, depending on the partners' skills and talents. The economic term for this practice is...
skills
specialization
knowledge
smartness
The disadvantages of partnerships include...
unlimited liability, shared profits
limited longevity, potential conflict
more responsibility, not equal
more stress, limited liability
Unlimited liability means you...
all partners are responsible for the actions of the other
others have to do what they say
all partners can't give money
there isn't equality
The most common way that corporations raise money is by...
selling stock in the company
selling discounts
fundraisers
less intervention
The corporate financial instruments that provides guaranteed dividends is...
preferred stock
preferred profit
shared profits
shared partnership
two companies joining together to form one larger company is called...
merger
partnership
franchise
competition
which of the following are disadvantages of mergers...
loss of jobs
loss pay for employees
competiton
shared profits
the disadvantages of sole proprietorship include unlimited liability, sole responsibility, limited growth potential and...
lack of longevity
less profit
not easy to start
hard to work with
The business structure that is legally distinct from its owners is the...
a corporation
merger
partnership
sole proprietorship
The business organization that can hire workers and own property as if it were an individual is the...
corporation
merger
partnership
sole proprietorship
A major advantage of corporate mergers is...
increased efficiency
profits
less competition
limited liability
the type of business in which the owner pays a larger fee to a corporation to use its name is...
a franchise
parrtnership
merger
sole proprietorship
the type of business that is limited to the members is called...
cooperative
sole proprietorship
merger
partnership
Which is not a type of merger?
vertical
horizontal
conglomerate
horizon
the advantages of operations include limited liability, separation of ownership, the ease with which capital can be raised and...
lonegvity
shared goods
profit
more production
Walmart buying target would be an example of a...
horizontal merger
vertical merger
conglomerate merger
horizon merger
a car company buying a tire company would be an example of a...
vertical merger
horizontal merger
conglomerate merger
horizon merger
the disadvantage of a sole proprietorship that could directly affect the owner's family is...
unlimited liability
shared profits
more work
less money
if your partner has an auto accident with the company car and causes injuries from one mark of liable because of the principle of....
unlimited liability
unlimited shared power
responsibility
accountability
two disadvantages of sole proprietorship share in partnerships are or lack of longevity and
umlimited liability
shared profits
low profits
more responsibility
two advantages of corporations that benefit stockholders are flexibility and....
more profit
limited liability
shared profits
less responsibility
