Worksheets08 Week Economics Quiz E.16-22
Total questions: 21
Worksheet time: 42mins
Apple
sole proprietor
partnership
corporation
commandant
Thompson and McHenry Law Firm
sole proprietor
partnership
corporation
commandant
Jimmy's Hometown Barbecue Shack
sole proprietor
partnership
corporation
commandant
Limited liability, separation between owners and management.
sole proprietor
partnership
corporation
commandant
Full control, simple taxation, unlimited personal liability
sole proprietor
partnership
corporation
commandant
Shared resources, expertise, and workload. Simple taxation, Joint liability
sole proprietor
partnership
corporation
commandant
The Bottom Line
Revenue
Gross Profit
Operating Profit
Net Profit
Total amount paid for your product.
Revenue
Gross Profit
Operating Profit
Net Profit
Day-to-Day Business costs like the electric bill.
Revenue
Cost of Goods Sold
Operating Expenses
Net Profit
COGS
Revenue
Cost of Goods Sold
Operating Expenses
Net Profit
The intermediaries between the Federal Reserve and us.
Stock
Capital
Stock Market
Banks
represents ownership in a company
Stock
Capital
Stock Market
Banks
Wall Street
Stock
Capital
Stock Market
Banks
funds companies need to grow and operate
Stock
Capital
Stock Market
Banks
Expanding by Joining Competitors
Horizontal Merger
Vertical Merger
Conglomerate Merger
Reinvestment
Diversifying Business Interests
Horizontal Merger
Vertical Merger
Conglomerate Merger
Reinvestment
Control over Supply Chain
Horizontal Merger
Vertical Merger
Conglomerate Merger
Reinvestment
many firms selling identical products, with no single firm able to influence the market price
Oligopoly
Monopoly
Perfect Competition
Monopolistic Competition
a single firm controls the entire market
Oligopoly
Monopoly
Perfect Competition
Monopolistic Competition
a small number of large firms dominate a market
Oligopoly
Monopoly
Perfect Competition
Monopolistic Competition
many firms sell similar but differentiated products, giving each some degree of market power
Oligopoly
Monopoly
Perfect Competition
Monopolistic Competition
