Blundell - Civics and Economics Review Green (SOL 12 & 13)
Authored by Brandon Blundell
History
8th Grade
Used 132+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What type of business organization has one owner who takes all the risks and all the profits?
partnership
corporation
proprietorship
dictatorship
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What type of business organization is authorized by law to act as a legal person regardless of the number of owners?
partnership
corporation
proprietorship
government
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What type of business organization has two or more owners who share risks and profits?
proprietorship
partnership
corporation
friendship
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The most common resource that individuals (households) sell to businesses is __________.
land (natural)
entrepreneurship
capital
human (labor)
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Private institutions receive _________ from savers.
interest
loans
deposits
trade
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Private institutions make _________ to individuals and businesses.
deposits
loans
taxes
savings
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Private financial institutions act as intermediaries between _____ and _____.
bankers and lenders
borrowers and lenders
savers and borrowers
borrowers and households
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