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5 Written questions

5 Matching questions

  1. proprietorship
  2. In the circular flow, individuals own -
  3. innovations in technology
  4. partnership
  5. entrepreneur
  1. a form of business organization with one owner who takes all the risks and all the profits
  2. b form of business organization with two or more owners whi share the risks and the profits
  3. c person who takes a risk to produce goods and services in search of profit
  4. d resources
  5. e contribute to the global flow of information, capital, goods and services

5 Multiple choice questions

  1. Internet
  2. by paying interest on deposits
  3. worldwide markets in which the buying and selling of goods and services by all nations takes place
  4. make products
  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. Government uses tax revenue to -provide public goods and services


  2. These act as intermediaries between savers and borrowersprivate financial institutions


  3. Why do Virginia and the United States pursue international trade
    to increase wealth


  4. types of business ownership- proprietorship
    - partnership
    - corporation


  5. In a corporation, owner liability is limited to -buy more resources


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