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5 Written questions

5 Matching questions

  1. corporation
  2. partnership
  3. In a corporation, owner liability is limited to -
  4. In the circular flow, individuals own -
  5. In the circular flow, businesses buy resources to -
  1. a a form of business organization that is authorized by law to act as a legal person regardless of the number of owners
  2. b make products
  3. c investment
  4. d resources
  5. e form of business organization with two or more owners whi share the risks and the profits

5 Multiple choice questions

  1. purchase products

  2. to increase wealth
  3. the cost of production
  4. - 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
  5. buy more resources

5 True/False questions

  1. entrepreneurperson who takes a risk to produce goods and services in search of profit


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


  3. examples of private financial institutionsby paying interest on deposits


  4. how do private financial institutions encourage saving
    - banks
    - savings and loans
    - credit unions


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


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