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Study sets matching "economics chapter 8 studies"

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Study sets matching "economics chapter 8 studies"

13 terms
Economics - Chapter 8
Corporations
Sole Proprietorships
General Partnership
Franchise
A legal entity owned by individual stockholders, each of whom…
Businesses owned and operated by a single individual; the mos…
Partnership in which partners share equally in both responsib…
The paid for right, given by a "parent company", to sell a go…
Corporations
A legal entity owned by individual stockholders, each of whom…
Sole Proprietorships
Businesses owned and operated by a single individual; the mos…
29 terms
Economics chapter 8 study guide
Business organization
Partnership
Sole proprietorship
General partner
Establishment formed to carry on commercial enterprise
Business organization owned by two or more who agree on speci…
Business owned and operated by individual
All partners responsible
Business organization
Establishment formed to carry on commercial enterprise
Partnership
Business organization owned by two or more who agree on speci…
13 terms
Chapter 8 Economics
sole proprietorship
partnership
general partnership
limited partnership
A business owned and managed by a single individual
A business owned by 2 or more people.
A partnership in which the partners have equal responsibility…
A partnership with a general partner that has management resp…
sole proprietorship
A business owned and managed by a single individual
partnership
A business owned by 2 or more people.
14 terms
Economics - Chapter 8
Corporations
Sole Proprietorships
General Partnership
Franchise
A legal entity owned by individual stockholders, each of whom…
Businesses owned and operated by a single individual; the mos…
Partnership in which partners share equally in both responsib…
The paid for right, given by a "parent company", to sell a go…
Corporations
A legal entity owned by individual stockholders, each of whom…
Sole Proprietorships
Businesses owned and operated by a single individual; the mos…
25 terms
Chapter 8 Economics study guide
Business organization
Partnership
General partner
Double taxation
An establishment formed to carry on commercial enterprise
Two or more individuals operating a business
All partners responsible
Money taxed twice: once as a corporate income and second as a…
Business organization
An establishment formed to carry on commercial enterprise
Partnership
Two or more individuals operating a business
28 terms
Economics - Chapter 8 - Study Guide
unskilled labor
mediation
boycott
union shop
workers not trained to operate specialized machines and equip…
process of resolving a dispute by bringing a neutral third pa…
refusal to buy products from am employer or company
arrangement under which workers must join a union after being…
unskilled labor
workers not trained to operate specialized machines and equip…
mediation
process of resolving a dispute by bringing a neutral third pa…
37 terms
Economics: Chapter 8 Study Guide
if a general partnership fails, who is…
what are royalities
what does limited liability of the own…
the function of a retail or purchasing…
all of the partners
a percentage of a franchise's earnings paid to the parent com…
the stockholders of a corporation can lose only what they hav…
obtain lower prices for its members
if a general partnership fails, who is…
all of the partners
what are royalities
a percentage of a franchise's earnings paid to the parent com…
33 terms
Economics study guide. Chapter 8
Business organization
Partnership
Types of partnerships
General partnership
An establishment formed to carry on commerical enterprise
Two or more individuals operating a business
General, limited, limited liability
Partners share equally in both the responsibilities and liabi…
Business organization
An establishment formed to carry on commerical enterprise
Partnership
Two or more individuals operating a business
28 terms
Economics Chapter 8 Study Guide
This is an average increase in the gen…
A general decline in price and wages.…
The loss of the value of capital equip…
One way of looking at GDP. See GDP as…
Inflation
Deflation
Depreciation
Expenditure Approach
This is an average increase in the gen…
Inflation
A general decline in price and wages.…
Deflation
13 terms
Economics - Chapter 8
Corporations
Sole Proprietorships
General Partnership
Franchise
A legal entity owned by individual stockholders, each of whom…
Businesses owned and operated by a single individual; the mos…
Partnership in which partners share equally in both responsib…
The paid for right, given by a "parent company", to sell a go…
Corporations
A legal entity owned by individual stockholders, each of whom…
Sole Proprietorships
Businesses owned and operated by a single individual; the mos…
36 terms
Economics Chapter 8 Study Guide
D
A
B
C
Why is it easier for a partnership to borrow money and to hol…
An advantage of a merger between two companies is... A. ... improv…
An example of a nonprofit organization is a... A. ... limited part…
Which of the following is NOT a common reason for a business…
D
Why is it easier for a partnership to borrow money and to hol…
A
An advantage of a merger between two companies is... A. ... improv…
36 terms
Chapter 8 Study guide Economics
If a general partnership fails, who is…
What are royalties?
What does limited liability of the own…
The function of a retail or purchasing…
all of the partners
a percentage of a franchise's earnings paid to the parent com…
The stockholders of a corporation can lose only what they hav…
obtain lower prices for its members.
If a general partnership fails, who is…
all of the partners
What are royalties?
a percentage of a franchise's earnings paid to the parent com…
34 terms
Economics-Chapter 8 Study Guide
Business Organization
Sole Proprietorship
Business License
Zoning Law
An establishment formed to carry on commercial enterprise
A business owned and managed by a single individual
Authorization to start a business issued by the local governm…
Law in a city or town that designates separate areas for resi…
Business Organization
An establishment formed to carry on commercial enterprise
Sole Proprietorship
A business owned and managed by a single individual
12 terms
Economics Chapter 8 Study Guide
What are the main components of a sole…
What are the main advantages and disad…
What are the 3 different types of part…
What are the main advantages and disad…
Single person owns & starts the business.
ADVANTAGES... 1. easy to open or close ... 2. owner makes decisions…
1. general... 2. limited... 2. limited liability
ADVANTAGES... 1. easy to start up... 2. few regulations... DISADVANTAG…
What are the main components of a sole…
Single person owns & starts the business.
What are the main advantages and disad…
ADVANTAGES... 1. easy to open or close ... 2. owner makes decisions…
26 terms
Economics Chapter 8 Review
corporations
sole proprietorships
general partnership
Limited Liability Partnership (LLP)
A business that sells portions of ownership called stock shar…
businesses owned and operated by one individual; the most com…
partnership in which partners share equally in both responsib…
a type of partnership in which all partners are limited partn…
corporations
A business that sells portions of ownership called stock shar…
sole proprietorships
businesses owned and operated by one individual; the most com…
14 terms
Economics Study Guide Chapter 8
sole proprietorship (advantages/disadv…
partnership (types)
business franchise (advantages/disadva…
corporation (types)
a business owned and managed by a single individual (easy to…
a business organization owned by two or more persons who agre…
a semi-independent business that pays fees to a parent compan…
a legal entity, or being, owned by an individual stockholders…
sole proprietorship (advantages/disadv…
a business owned and managed by a single individual (easy to…
partnership (types)
a business organization owned by two or more persons who agre…
55 terms
Chapter 8 Study Guide (Economics)
Largest union during the time period
Samuel Gompers was the leader
The ________ of 1963 prohibits wage an…
The theory that wages are based on the…
American Railway Union
American Federation of Labor
Equal Pay Act
Traditional theory of wages
Largest union during the time period
American Railway Union
Samuel Gompers was the leader
American Federation of Labor
36 terms
Chapter 8 Study guide Economics
If a general partnership fails, who is…
What are royalties?
What does limited liability of the own…
The function of a retail or purchasing…
all of the partners
a percentage of a franchise's earnings paid to the parent com…
The stockholders of a corporation can lose only what they hav…
obtain lower prices for its members.
If a general partnership fails, who is…
all of the partners
What are royalties?
a percentage of a franchise's earnings paid to the parent com…
54 terms
AP Economics Chapter 8
economic cost
explicit cost
implicit cost
normal profit
A payment that must be made to obtain and retain the services…
The monetary payment a firm must make to an outsider to obtai…
The monetary income a firm sacrifices when it uses a resource…
The payment made by a firm to obtain and retain entrepreneuri…
economic cost
A payment that must be made to obtain and retain the services…
explicit cost
The monetary payment a firm must make to an outsider to obtai…
34 terms
Economics chapter 8 vocabulary
Business organization
Sole proprietorship
Business license
Zoning law
an establishment formed to carry on commercial enterprise
a business owned and managed by a single individual
authorization to start a business issued by the local governm…
law in a city or town that designates separate areas of resid…
Business organization
an establishment formed to carry on commercial enterprise
Sole proprietorship
a business owned and managed by a single individual
30 terms
SS Economics Chapter 8 Vocabulary
Affirmative Action
American Federation of Labor (AFL)
Arbitration
Capital Intensive
A regulation designed to make up for discrimination against g…
Began in 1886 when a group of craft unions organized to fight…
Occurs when a third neutral party offers legally binding solu…
An economy dependent upon machines to produce goods
Affirmative Action
A regulation designed to make up for discrimination against g…
American Federation of Labor (AFL)
Began in 1886 when a group of craft unions organized to fight…
8 terms
Social Studies 11 Chapter 8 New Economic Ideas
National debt
Mulroney's plan to address Canada's ec…
Free Trade Agreement
NAFTA
The amount of money owed by a federal government; most of Can…
Trim social programs, cutting taxes, tightening economic link…
Agreement between Canada and USA to allow goods produced in e…
North American Free Trade Agreement - free trade now included…
National debt
The amount of money owed by a federal government; most of Can…
Mulroney's plan to address Canada's ec…
Trim social programs, cutting taxes, tightening economic link…
23 terms
Economics Chapter 8
producer
business organization
sole proprietorship
unlimited liability
maker of goods or provider of services
an enterprise that produces goods or provides services, usual…
a business owned and managed by a single person
a situation in which a business owner is responsible for all…
producer
maker of goods or provider of services
business organization
an enterprise that produces goods or provides services, usual…
34 terms
Economics Chapter 8 Vocabulary
sole proprietorship
business organization
business license
zoning laws
A business owned and managed by a single individual.
The ownership structure of a company or firm.
Authorization to operate a business issued by a local governm…
Laws in a city or town that designate certain areas, or zones…
sole proprietorship
A business owned and managed by a single individual.
business organization
The ownership structure of a company or firm.
33 terms
Economics Chapter 8 Study Guide
What are characteristics of a sole pro…
What financial difficulty do people of…
Which of the following is most likely…
What often happens when the owner of a…
Limited life and unlimited liability
Limited funds for startup
A dog grooming service
The business closes down
What are characteristics of a sole pro…
Limited life and unlimited liability
What financial difficulty do people of…
Limited funds for startup
33 terms
Chapter 8 Economics
sole proprietorship
business license
zoning laws
liability
a business owned and managed by a single individual
authorization to operate a business issued by a local governm…
laws in a city or town that designate certain areas, or zones…
the legal obligation to pay debts
sole proprietorship
a business owned and managed by a single individual
business license
authorization to operate a business issued by a local governm…
59 terms
Economics/Chapter 8 Terms
asset allocation
assets
bank
banknotes
a method of dividing investment assets among different types…
anything owned to which a market value can be assigned.
a business whose main purpose is to receive deposits and make…
an early form of paper currency, issues by banks to clients w…
asset allocation
a method of dividing investment assets among different types…
assets
anything owned to which a market value can be assigned.
30 terms
Managerial Economics - Chapter 8
Historical Cost
Current Cost
Replacement Cost
Opportunity Cost
Actual cash outlay
Amount paid under prevailing market conditions
The cost of duplicating productive capability using current t…
Foregone value associated with current rather than next-best…
Historical Cost
Actual cash outlay
Current Cost
Amount paid under prevailing market conditions
33 terms
Economics Chapter 8
sole proprietorship
business license
zoning laws
liability
a business owned and managed by a single individual
authorization to operate a business issued by a local governm…
laws in a city or town that designate certain areas, or zones…
the legal obligation to pay debts
sole proprietorship
a business owned and managed by a single individual
business license
authorization to operate a business issued by a local governm…
47 terms
Economics: Chapter 8
Sole Proprietorship
One Advantage of a Sole Proprietorship
One Disadvantage of a Sole Proprietors…
Partnerships
A business owned and managed by a single individual who has r…
Easy to start up (small amount of paperwork, small legal expe…
Unlimited PERSONAL liability (fully and personally responsibl…
Business organizations owned by two or more people who share…
Sole Proprietorship
A business owned and managed by a single individual who has r…
One Advantage of a Sole Proprietorship
Easy to start up (small amount of paperwork, small legal expe…
23 terms
Economics Chapter 8
entrepreneur
startup
small business incubator
inventory
person who organizes, manages, and assumes the risks of a bus…
a beginning business enterprise
private- or government-funded agency that assists new enterpr…
extra supply of the items used in a business, such as raw mat…
entrepreneur
person who organizes, manages, and assumes the risks of a bus…
startup
a beginning business enterprise
36 terms
Economics: Chapter 8
Sole Proprietorship
Business Organization
Business License
Zoning Laws
owned and managed by a single individual
ownership structure of a company or firm
authorization to operate a business issued by a local governm…
designate certain areas for residential use and others for bu…
Sole Proprietorship
owned and managed by a single individual
Business Organization
ownership structure of a company or firm
32 terms
Economics - Chapter 8 Vocabulary
professional organization
trade association
certificated of incorporation
dividend
a nonprofit organization that works to improve the image, wor…
nonprofit organizations that promote the interests of particu…
a licence to forma a corporation issued by a state government
the portion of corporate profits paid out to stockholders
professional organization
a nonprofit organization that works to improve the image, wor…
trade association
nonprofit organizations that promote the interests of particu…
25 terms
Economics Chapter 8
producer
business organization
sole proprietorship
limited life
maker of goods or provider of services
an enterprise that produces goods or provides services, usual…
a business owned and managed by a single person
a situation in which a business ceases to exist if the owner…
producer
maker of goods or provider of services
business organization
an enterprise that produces goods or provides services, usual…
20 terms
ATCC - Consumer Economics Chapter 8 - Insurance
Rider
Cash value
Accelerated benefit
10 day free look
is a document attached to an insurance policy that modifies t…
is an amount that increases over the years and that you recei…
allows the insured to receive a % of the death benefits from…
is a period where you can change your mind and the company wi…
Rider
is a document attached to an insurance policy that modifies t…
Cash value
is an amount that increases over the years and that you recei…
51 terms
Economics chapter 8-9
Sole proprietorship
Zoning laws
Liability
Fringe benefits
Business owned/managed by a single individual
Laws that designate certain areas, or zones, for residential/…
Legal obligation to pay debts
Payments to employees other than wages or salary
Sole proprietorship
Business owned/managed by a single individual
Zoning laws
Laws that designate certain areas, or zones, for residential/…
20 terms
Holt Economics chapter 8
Labor Union
Open Shops
Closed Shops
Fringe Benefit
is an organization of workers that negotiates with employers…
A business where membership in a labor union is not a conditi…
an agreement in which a company agrees to hire union members…
An employment benefit beyond wages and/or salaries; examples…
Labor Union
is an organization of workers that negotiates with employers…
Open Shops
A business where membership in a labor union is not a conditi…
10 terms
TPS Economics Chapter 8-11 Jacobs
corporation
horizontal merger
vertical merger
market research
A type of business organization owned by many people but trea…
This is a merger of two or more companies that are in the sam…
This is a merger of two or more companies that are in differe…
Gathering, recording and analyzing data about the type of goo…
corporation
A type of business organization owned by many people but trea…
horizontal merger
This is a merger of two or more companies that are in the sam…
20 terms
Economics Chapter 8
Business Organization
Sole Proprietorship
Business License
Zoning Law
An establishment formed to carry on a commercial enterprise
A business owned and operated by a single individual
A government authorization to start a business
A law in a city that designates areas for residency and for b…
Business Organization
An establishment formed to carry on a commercial enterprise
Sole Proprietorship
A business owned and operated by a single individual
21 terms
Economics Chapter 8
Stock
Dividend
Stockbroker
The fee that stockbrokers get paid
Shares or portions of a corporation.A buyer calculates # of s…
A distribution of a portion of the corporation's profits. A g…
A person who generally works for a brokerage company and who…
Commission
Stock
Shares or portions of a corporation.A buyer calculates # of s…
Dividend
A distribution of a portion of the corporation's profits. A g…
34 terms
Economics Vocab Chapter 8
Business Organization
Sole Proprietorship
Business License
Zoning Law
An establishment formed to carry on commercial enterprise
A business owned and managed by a single individual
Authorization to start a business issued by the local governm…
Law in a city or town that designates separate areas for resi…
Business Organization
An establishment formed to carry on commercial enterprise
Sole Proprietorship
A business owned and managed by a single individual
7 terms
Economics Chapter 8
disposable income
financial plan
budget
fixed
the money left you have to spend
a set of goals for spending saving and investing money
is a spending and savings plan based on your expected income…
are costs you are obligated to pay at specific times
disposable income
the money left you have to spend
financial plan
a set of goals for spending saving and investing money
36 terms
Civics and Economics Chapter 8 Study Guide
Opinion
Appeals Court
Jurisdiction
The authority to hear cases for the fi…
What is a justice's written explantation of the legal reasoni…
Which court is the first to review a decision made in a feder…
What term is used to describe a federal court's authority to…
What is original jurisdiction?
Opinion
What is a justice's written explantation of the legal reasoni…
Appeals Court
Which court is the first to review a decision made in a feder…
8 terms
Economics Vocabulary Chapter 8
economics
opportunity cost
positive incentives
negative incentives
...
What you give up when you make one choice over another
...
...
economics
...
opportunity cost
What you give up when you make one choice over another
37 terms
Economics MGH Chapter 8
craft union or trade union
industrial union
strike
picket
labor union whose members perform the same kind of work
labor union whose members perform different kinds of work in…
union organized work stoppage designed to make employer meet…
demonstrate or march before a place of business to protest a…
craft union or trade union
labor union whose members perform the same kind of work
industrial union
labor union whose members perform different kinds of work in…
21 terms
Economics Chapter 8
entrepreneur
startup
small business incubator
inventory
person who organizes, manages, and assumes the risks of a bus…
a beginning business enterprise
private- or government-funded agency that assists new enterpr…
extra supply of the items used in a business, such as raw mat…
entrepreneur
person who organizes, manages, and assumes the risks of a bus…
startup
a beginning business enterprise
Economics Chapter 8
equilibrium price
equilibrium quantity
shortage
surplus
the price at which the quantity demanded equals the quantity…
the quantity that is both demanded and supplied at the equili…
the condition in which the quantity demanded is greater than…
the condition in which the quantity supplied is greater than…
equilibrium price
the price at which the quantity demanded equals the quantity…
equilibrium quantity
the quantity that is both demanded and supplied at the equili…
34 terms
Chapter 8 Economics Terms
Business Firm
Market Coordination
Managerial Coordination
Shirking
An entity that employs factors of production (resources) to p…
The process in which individuals perform tasks, such as produ…
The process in which managers direct employees to perform cer…
The behavior of a worker who is putting forth less than the a…
Business Firm
An entity that employs factors of production (resources) to p…
Market Coordination
The process in which individuals perform tasks, such as produ…
19 terms
Chapter 8 Economics
Investment
Debtor
Creditor
Checking Account
The commitment of resources to a project or purposes that is…
One who borrows money or captial
One who lends money or capital
An account that allows checks to be written up to the dollar…
Investment
The commitment of resources to a project or purposes that is…
Debtor
One who borrows money or captial
36 terms
Economics Chapter 8-9 Study Guide
What are the advantages/disadvantages…
What percentage of businesses are sole…
What are the advantages/disadvantages…
If a general partnership fails, who is…
Advantages: easy start-up, few regulations from the governmen…
75%
Advantages: easy start-up, shared decision making and special…
Every partner
What are the advantages/disadvantages…
Advantages: easy start-up, few regulations from the governmen…
What percentage of businesses are sole…
75%
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