Study sets matching "economics chapter 8"

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Study sets matching "economics chapter 8"

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…
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…
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.
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…
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
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.
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
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
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
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…
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…
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
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…
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…
13 terms
Economics - Chapter 8 (Competition and Markets)
Market Structure
Perfectly Competitive Market
Price Taker
Monopolistic Market
The setting in which a seller finds itself. Market structures…
A market structure characterized by (1) many buyers and many…
A seller that can sell all its output at the equilibrium pric…
A market structure characterized by (1) a single seller, (2)…
Market Structure
The setting in which a seller finds itself. Market structures…
Perfectly Competitive Market
A market structure characterized by (1) many buyers and many…
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
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.
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…
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…
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…
Economics Chapter 8
Gross Private Domestic Investment
Investment
Fixed Investment
Inventory Investment
The creation of capitol goods, such as factories, and machine…
Spending on items such as machines and buildings which can be…
Purchases by businesses of newly produced capitol goods, such…
Changes in the stock of finished goods and goods in process,…
Gross Private Domestic Investment
The creation of capitol goods, such as factories, and machine…
Investment
Spending on items such as machines and buildings which can be…
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
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
34 terms
Economics- Chapter 8 Vocab.
Business Organization
Sole Propietorship
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 Propietorship
a business owned and managed by a single individual.
20 terms
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…
34 terms
Economics Chapter 8 Vocab
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
23 terms
MVCS Economics Chapter 8
Stock
Common stock
Dividends
Preferred Stock
Shares or portions of ownership in a corporation
The most prevalent type of stock that companies offer; -repre…
a distribution of a portion of the corporation's profits
Stock that carries less risk of loss because preferred shareh…
Stock
Shares or portions of ownership in a corporation
Common stock
The most prevalent type of stock that companies offer; -repre…
40 terms
Chapter 8 Economics
What are the 3 basic functions of money?
What is the quantity of goods and serv…
What are the six main characteristics…
What is the total amount of money in t…
1. Medium of exchange... 2. Standard of value... 3. Store of value
Purchasing Power
1. Acceptability... 2. Scarcity... 3. Portability... 4. Durability... 5.…
Money Supply
What are the 3 basic functions of money?
1. Medium of exchange... 2. Standard of value... 3. Store of value
What is the quantity of goods and serv…
Purchasing Power
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/…
32 terms
BJU Economics Chapter 8
Stock
Common Stock
Dividends
Preferred Stock
A portions of a ownership of a corporation.
The most prevalent type of stock that companies offer and rep…
A distribution of a portion of the corporation's profits.
Shareholders of this receive their dividends before the commo…
Stock
A portions of a ownership of a corporation.
Common Stock
The most prevalent type of stock that companies offer and rep…
16 terms
Economics Chapter 8
market structure
perfect competition
commodity
price taker
important features of a market, such as the number of firms,…
a market structure with many fully informed buyers and seller…
a standardized product, a product that does not differ across…
a firm that faces a given market price and whose quantity sup…
market structure
important features of a market, such as the number of firms,…
perfect competition
a market structure with many fully informed buyers and seller…
34 terms
Economics Chapter 8
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
Economics Chapter 8-9
Sole proprietorship
Partnership
Corporations
Vertical Merge
a business owned and managed by an individual; 75% of U.S. bu…
a business organization owned by two or more people who agree…
a legal entity, or being, owned by individual stockholders, e…
the joining of two or more firms involved in different stages…
Sole proprietorship
a business owned and managed by an individual; 75% of U.S. bu…
Partnership
a business organization owned by two or more people who agree…
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
7 terms
Survey of Economics, Chapter 8
Demand for labor
equilibrium wage
marginal revenue product
opportunity wage
The quantities of labor employers are willing and able to hir…
The wage at which the quantity of labor supplied in a given t…
The change in total revenue associated with one additional un…
The highest wage an individual would earn in his or her best…
Demand for labor
The quantities of labor employers are willing and able to hir…
equilibrium wage
The wage at which the quantity of labor supplied in a given t…
34 terms
Chapter 8 Sole Proprietorship (Economics)
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…
Laws in a city or town that designate certain areas, to zones…
Business Organization
An establishment formed to carry on commercial enterprise.
Sole Proprietorship
A business owned and managed by a single individual.
30 terms
Economics- Chapter 8
labor force
wage
derived demand
industrialization
All persons in a nation who are at least 16 years old and are…
The payment a worker receives for his or her labor
The increased demands for resources, such as labor, that resu…
The process of mechanizing all major forms of production
labor force
All persons in a nation who are at least 16 years old and are…
wage
The payment a worker receives for his or her labor
Chapter 8 Economics
In a proportional tax system,
Which one of the following is a primar…
What is meant by the term "market fail…
What is meant by the term "government…
the marginal tax rate is always equal to the average tax rate.
A public good can benefit many people simultaneously while a…
A situation in which the price system fails to provide an eff…
When government intervention reduces social welfare or econom…
In a proportional tax system,
the marginal tax rate is always equal to the average tax rate.
Which one of the following is a primar…
A public good can benefit many people simultaneously while a…
24 terms
Economics Chapter 8 Review
A business in which only one person ha…
A business in which all partners are l…
A portion of corporate profits paid ou…
A business owned and managed by a sing…
limited partnership
limited liability partnership
dividend
sole proprietorship
A business in which only one person ha…
limited partnership
A business in which all partners are l…
limited liability partnership
12 terms
glencoe economics chapter 8
entrepreneur
startups
small business incubator
inventory
person willing to take risks
new small businesses
private or govt funded agency that assists new businesses by…
supply of items used in business
entrepreneur
person willing to take risks
startups
new small businesses
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…
16 terms
Economics - Ch 8 Businesses
articles of incorporation
cooperative
corporation
financial capital
a written application to the state seeking permission to form…
an organization consisting of people who pool their resources…
a legal entity with an existence that is distinct from the pe…
Money needed to start or expand a business
articles of incorporation
a written application to the state seeking permission to form…
cooperative
an organization consisting of people who pool their resources…
15 terms
Economics Chapter 8
They are the three main types of busin…
It is a business owned and operated by…
It is a business owned and operated by…
It is a business owned by stockholders…
sole proprietorships, partnerships, corporations
sole proprietorship
partnership
corporation
They are the three main types of busin…
sole proprietorships, partnerships, corporations
It is a business owned and operated by…
sole proprietorship
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…
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
Chapter 8 economics
sole proprietorship
business organization
business license
zoning laws
A business owned and managed by one person.
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 one person.
business organization
the ownership structure of a company or firm
28 terms
Economics Chapter 8
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
Economics Chapter 8
Sole proprietorship
Business organization
Business license
Zoning laws
Business owned and managed by a single individual
Establishment formed to carry on commercial enterprise
Authorization to start a business issued by the local governm…
Law in a city or town that designates sperate areas for resid…
Sole proprietorship
Business owned and managed by a single individual
Business organization
Establishment formed to carry on commercial enterprise
Economics Chapter 8
Bank
Asset
Credit Card
Debit Card
A business that receives deposits and makes loans
Anything owned to which a market value can be assigned
A card authorizing the user to buy goods and services with fu…
A card authorizing the user to access his or her own funds on…
Bank
A business that receives deposits and makes loans
Asset
Anything owned to which a market value can be assigned
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