Business and Economic Performance Quiz
Authored by Jeffrey Segrest
Social Studies
12th Grade
Used 8+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the advantages of a sole proprietorship?
Limited liability and shared decision-making
Full control and easy start-up
Unlimited liability and easy start-up
Unlimited liability and shared decision-making
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main characteristic of a partnership?
Limited liability
Unlimited liability
Shared decision-making
Easy start-up
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of a corporation?
Limited liability
Double taxation
Easy start-up
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which market structure has many buyers and sellers, identical products, and no barriers of entry?
Perfect competition
Monopolistic competition
Oligopoly
Monopoly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which market structure do sellers compete through non-price competition?
Perfect competition
Monopolistic competition
Oligopoly
Monopoly
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of market structure has extreme control over price and no substitute product?
Perfect competition
Monopolistic competition
Oligopoly
Monopoly
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating GDP?
C+I+G+(X-M)
C+I+G
C+G+(X-M)
C+I+(X-M)
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?
