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5 Written questions

5 Matching questions

  1. In the circular flow, individuals use their income to -
  2. In a corporation, owner liability is limited to -
  3. In the circular flow, businesses use their profits to -
  4. how do private financial institutions encourage saving
  5. types of business ownership
  1. a buy more resources
  2. b
    purchase products
  3. c - proprietorship
    - partnership
    - corporation
  4. d by paying interest on deposits
  5. e investment

5 Multiple choice questions

  1. contribute to the global flow of information, capital, goods and services
  2. form of business organization with one owner who takes all the risks and all the profits
  3. the cost of production

  4. to increase wealth
  5. a form of business organization that is authorized by law to act as a legal person regardless of the number of owners

5 True/False questions

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

          

  2. These act as intermediaries between savers and borrowers- 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

          

  3. global economyworldwide markets in which the buying and selling of goods and services by all nations takes place

          

  4. partnershipform of business organization with one owner who takes all the risks and all the profits

          

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

          

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