Multiple Choice
Venture capitalists provide financial resources in return for___________
a. goods
b. total control
c. part of the profits
d. a partnership
C. part of the profits
Leadership and ideas for the economy are provided by ____________.
- Entrepreneurs
-Corporation
-Consumers
Entrepreneurs
The owner keeps all profits.
a. sole proprietorship
b. partnership
c. corporation
In a partnership, the partners share ________.
A. profits
B. Stocks
C. Charters
D. Bonds
A. Profits
To be successful, an entrepreneur must have a(n) ____________ idea.
- Technical know-how
-Marketable
-Consumers
Marketable
Once a corporation has a charter, it can ________.
A. Limit Liability
B. Name partners
C. Tax goods
D. Sell Stocks
D. Sell Stock
Because a(n) __________ doesn't end when an owner dies, it has unlimited life.
- Economy
-Partnerships
-Corporation
Corporation
The circular flow model shows ________ in the economy.
A. Productivity
B. Goods and Services
C. Entrepreneurs
D. Exchanges
D. Exchanges
Jose knows how to repair computers. He has the ___________________ for his new business.
-Economy
-Marketable
-Technical Know-How
Technical Know-How
The circular flow model is only one _________ of how the economy works.
A. Decision
B. Theory
C. Element
D. Advantage
B. Theory
Sole proprietorships and ______________ are easy to organize.
-Corporation
-Marketable
-Parnterships
Partnerships