This is simply the other name for a company or business.
Firm
100
Are monopolies described as price makers or price takers?
Price Makers
100
This type of business organization has only one owner.
Sole Proprietorship
100
When two companies who make the same type of product join together it would be described as what type of merger?
Horizontal Merger
100
This is investing your money in many different ways.
Diversification
200
Describes having many different producers, and the products are identical.
Perfect Competition
200
This describes when you have a monopoly because you own all the means of production (top to bottom).
Vertical Monopoly
200
Which type of business has a board of directors and a CEO?
A Corporation
200
When two companies that work together do not make the same product is what type of merger?
Vertical Merger
200
What terms describe whether or not the stock market is doing well?
Bull and Bear Market
300
When businesses change their prices in order to beat out another company.
Price War
300
Patents are usually involved in what type of monopoly?
Technological Monopoly
300
Which type of business might have a silent partner?
A Partnership
300
People buy this in order to buy part ownership in a company (investment).
Stock
300
You would put your money into this if you wanted someone else to invest your money into the market (low-risk, lots of people grouping their investments together)?
Mutual Fund
400
The type of competition that involves product differentiation.
Monopolistic Competition
400
John Rockefeller had what type of monopoly on the oil industry?
Horizontal Monopoly
400
What type of liability does a corporation have because of its stockholders?
Limited Liability
400
This is the most famous stock market in the world.
NYSE
400
What group of companies would you go to if you wanted to invest in mid-sized companies (many of them are tech companies)?
The NASDAQ
500
OPEC is described as what term?
A Cartel
500
In some situations it can be harmful to the industry to have more than one producer. So, at times, it would be o.k. to have what type of monopoly?
Natural Monopoly
500
Which Atlanta sports team is an example of a sole proprietorship?
The Atlanta Falcons
500
What are the two ways to make money in the stock market?
Dividends, and Value (capital gain)
500
Give 3 examples of DOW (blue chip) companies.
Coke, Pepsi, Wal-Mart, McDonalds, Home Depot, etc……