Chapter 8 Terms
Which term describes the entity involved in the production and sale of goods and services, typically with the goal of generating revenue?
business organization
Which social media platform was banned by former U.S. President Donald Trump due to national security concerns but later reinstated?
TikTok
What Movie is this song in?
What is Shrek?
What Branch of the Military was MR. Villa in?
Marines
Army
Which type of business entity allows shareholders to buy and sell stock openly, offering more liquidity?
public corporation
If a business ceases to exist when the proprietor departs, what characteristic does it possess?
limited life
Who is the creator of the SpaceX program, also known for tweeting memes and pop culture references?
Elon Musk
Finish the Lyric.
Country roads, take me home
To the place I belong
West Virginia, Mountain mamma
Take me home, country roads
What was Mr Villa's job in the military?
Infantry.
Machine gunner
Scout Sniper
In what type of business structure are co-owners protected from personal responsibility for the entity's debts or legal actions?
limited liability partnership
What kind of corporation allows for its stock to be openly traded in the marketplace?
public corporation
What mobile game saw a resurgence in popularity during the COVID-19 pandemic, involving players trying to figure out who the "impostor" is?
Among Us
Name the character that sings this son and the movie.
The Lion King
Scare
What is the name of Mr. Edwards Daughter.
Luciana
What advantage might attract entrepreneurs to form a business entity where their personal assets are not at risk for business debts?
limited liability
What is the nomenclature for an enterprise run and managed by a singular individual?
sole proprietorship
Who was the U.S. President when the COVID-19 pandemic was officially declared?
Donald Trump
What is this theme song from?
Indiana Jones
What is Mr. Kriz First Name?
Jim
In which business structure is the owner personally responsible for all debts and legal liabilities?
sole proprietorship
What term best describes a business endeavor in which multiple parties co-own and share duties, revenue, and losses?
partnership
What Netflix documentary about big cats and their eccentric owners became a cultural phenomenon during the COVID-19 lockdown?
"Tiger King"
Finish the Lyric
I go on too many dates
But I can't make'em stay
At least that's what people say, mm-mm
What is Mr Gratzl's first name?
Nicholas
What term describes the additional output generated by employing one more unit of input while keeping other inputs constant?
marginal product
In what business arrangement are co-owners not individually accountable for collective debts or errors?
limited liability partnership
Which music artist ran a controversial presidential campaign in the 2020 election?
Kanye West
Name this character that sings this song, and the movie it is in.
Oogie Boogie
Nightmare Before Christmas
what subject did Mr. Kriz Teach?
American History/ Civics/ Economics.
What economic law states that producers will supply more of a product as its price increases?
law of supply