Unlimited Liability
Limited Liability
GDP
Standard of Living
100
What is unlimited liabilty?
The ability to lose everything is your business fails.
100
What is limited liabilty?
Personal property is safe even if your business fails.
100
What is the definition of GDP?
It is the measure of all goods and services produced in a country in one year.
100
What is Standard of Living?
The measure of how well the people in a country are living.
200
What is one example of Unlimited Liabilty?
We will judge when answer is given.
200
(Daily Double) What is one example of Limited Liabilty?
We will judge when answer is given.
200
What aspect of the economy does GDP play heavily with?
The business cycle.
200
How do you think our current standard of living is and give a reason why?
We will judge your answer
300
What is a form of ownership with Unlimited Liabilty? A. Sole - Proprietorship B. Corporation C. Franchise
A. Sole - Propritorship
300
What is a type of business ownership with Limited Liability? A. Partnership B. Non - Profit Organization C. Corporation
C. Corporation
300
What does GDP stand for? A. Great Dollar Production B. Gross Domestic Product C. Green Day Parade
B. Gross Domestic Product
300
If all of our country were able to buy mansions how would our Standard of living probably be? A. Great B. Good C. Horrible
A. Great
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