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5 Written questions

5 Matching questions

  1. Charter
  2. DOW Jones Industrial Average
  3. Money must be HARD TO COUNTERFEIT
  4. Shareholder / Stockholder
  5. Partnership
  1. a A total of the closing prices of a group of selected stocks. This number is used to tell whether the stock market is doing well or not
  2. b It must be hard to make fake money and money also should be easy for people to recognize
  3. c A license to become a corporation
  4. d People who buy stock
  5. e A business owned by 2 or more people.
    -10% of today's businesses are partnerships
    -There are 2 types of partnerships
    1) General partnerships - each partner makes decisions and is legally responsible
    2) Limited partnerships - some partner does not make decisions and is not legally responsible

    Partnerships used to be sole proprietorships

5 Multiple choice questions

  1. Money must last a long time
  2. Father of Communism
    Wanted a command economy that would favor workers, not rulers. All property would be jointly owned by all people. Everyone would be equal in power, wealth, and rights.
  3. The DOW is down which signals that the stock market is weak
  4. Guessing the price of stock prices
  5. When an individual person or company has control over the producing and selling of a certain product or service.

    Has an overall negative impact for consumers (buyers)
    -consumers have less choice
    -consumers may have to pay high prices
    -quality of the good or service may not be good.

5 True/False questions

  1. Credit CardsNot true money! When you use a credit card, you are borrowing money from a company and will pay it back later


  2. Capital (investment capital)Money used to start a business


  3. Barter economyPeople used to trade objects or services directly for other objects and services


  4. TotalitarianismGovernment has total power over people


  5. Stock certificateA certificate that a stockholder gets that shows the number of shares in a company that person owns