AN ESTABLISHMENT FORMED TO CARRY ON COMMERCIAL ENTERPRISE.
ZACH IS REALLY COOL
What is BUSINESS ORGANIZATION
100
How many advantages are there to sole proprietorships?
5
100
What is the biggest disadvantage of SP?
Unlimited Liability
100
WHAT COLOR ARE ZACH'S EYES
What is GREENISH
100
What is the function of an economic system?
A. to make sure people are paid for their labor
B. to produce and distribute goods and services
C. to make sure all people have equal access to goods
D. to give all producers the same access to consumers
B
200
A BUSINESS OWNED AND MANAGED BY A SINGLE INDIVIDUAL.
NOT GOING TO LIE ZACH IS COOL.
What is SOLE PROPRIETORSHIP
200
What are the 3 things that SP need to meet before opening a business?
Authorization, Site Permit, Name
200
What happens if your business grows too quickly?
Expenses come out of your own pocket
200
WHAT IS ZACH'S MIDDLE NAME
What is EDWARD
200
Which if the following is not a key economic question?
A. What goods and services should be produced?
B. How should these goods and services be produced?
C. How should it be ensured that goods and services are paid for?
D. Who consumes these goods and services?
C
300
AUTHORIZATION TO START A BUISNESS ISSUED BY THE LOCAL GOVERNMENT.
VOTE NADER 2012
What is BUSINES LICENSE
300
Why may it be difficult for a SP to have a business run from home?
Zoning Laws
300
Why might a SP have to close?
illness, retirement, lack of interest
300
WHAT IS ZACH'S GRADE IN C AND E
What is F
300
What are the four most common economic systems in the world?
A. market, mixed, command, traditional
B. goods, services, exports, imports
C. market, exports, mixed, imports
D. mixed, command, market, capital
A
400
LAW IN A CITY OR TOWN THAT DESIGNATES SEPARATE AREAS FOR RESIDANCY AND FOR BUISNESS.
What is ZONING LAW
400
Why would someone who wants to make a living want to be a SP?
Sole Receiver of the Profits
400
Why can't SP find good employees?
No oppurtunity for advancement
400
COLOR OF ZACH'S SHIN
What is CAUCASIAN
400
Which of the following types of economies is solely driven by the profit motive?
A. communism
B. socialism
C. capitalism
D. traditional
C
500
*!TIMES 2 IF U GET BOTH DEFINITIONS!*
1: THE LEGALLY BOUND OBLIGATION TO PAY DEBTS.
2: PAYMENT OTHER THAN WAGES OR SALARIES.
What is LIABILITY AND FRINGE BENEFIT. ALSO ZACH IS COOL WOULD HAVE WORKED
500
What are all 5 advantages of being a SP?
easy to start up
very few regulations
sole receiver of the profits
full control
500
What are the 3 disadvantages?
unlimited personal liability
limited resources/money
lack of permanence
500
DOES ZACH HAVE BROTHERS OR SISTERS OR ALIENS
What is BROTHERS
500
In which type of economy does the government controls the factors of production?
A. command economy
B. free market economy
C. mixed economy
D. traditional economy