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5 Written questions

5 Matching questions

  1. In a corporation, owner liability is limited to -
  2. Government uses tax revenue to -
  3. entrepreneur
  4. using technology lowers -
  5. examples of private financial institutions
  1. a the cost of production
  2. b
    - banks
    - savings and loans
    - credit unions
  3. c person who takes a risk to produce goods and services in search of profit
  4. d provide public goods and services
  5. e investment

5 Multiple choice questions

  1. worldwide markets in which the buying and selling of goods and services by all nations takes place
  2. form of business organization with two or more owners whi share the risks and the profits
  3. - to obtain goods and services they cannot produce
    - to obtain goods and services they cannot produce efficiently
    - to seel goods and services
    - to create jobs

  4. to increase wealth
  5. - proprietorship
    - partnership
    - corporation

5 True/False questions

  1. innovations in technologyworldwide markets in which the buying and selling of goods and services by all nations takes place

          

  2. In the circular flow, individuals own -
    purchase products

          

  3. corporationa form of business organization that is authorized by law to act as a legal person regardless of the number of owners

          

  4. how do private financial institutions encourage savingby paying interest on deposits

          

  5. proprietorshipform of business organization with one owner who takes all the risks and all the profits

          

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