Economics Chapter 8

Economics Chapter 8

12th Grade

25 Qs

quiz-placeholder

Similar activities

3.5 BM - profitability, liquidity ratios

3.5 BM - profitability, liquidity ratios

11th - 12th Grade

20 Qs

Work with Business Words

Work with Business Words

12th Grade

20 Qs

Business managements Multiple Choice Questions

Business managements Multiple Choice Questions

9th - 12th Grade

20 Qs

Costs and Revenues

Costs and Revenues

11th - 12th Grade

20 Qs

FORM 5 END OF TERM 2 QUIZ

FORM 5 END OF TERM 2 QUIZ

9th - 12th Grade

20 Qs

Számvitel alapjai - eredménykimutatás és cash flow

Számvitel alapjai - eredménykimutatás és cash flow

9th Grade - University

23 Qs

My Leadership Skills

My Leadership Skills

9th - 12th Grade

22 Qs

Sociedades anónimas

Sociedades anónimas

1st - 12th Grade

20 Qs

Economics Chapter 8

Economics Chapter 8

Assessment

Quiz

Business

12th Grade

Medium

Created by

Dacia Hernandez

Used 4+ times

FREE Resource

AI

Enhance your content

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurs bring about creative change in each of the following ways except

they improve the quality of existing products

they introduce new products

they find ways to eliminate competition

they introduce new production methods

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Once established, most entrepreneurs are able to maintain a substantial profit on the products they produce and sell.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Competitors are attracted to a market that yields

a profit

unlimited liability

lower prices for consumers

higher tax revenues

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following examples demonstrates entrepreneurship?

A scientist invents a long lasting paint and starts a business to produce it

A government official creates a new tax form that is easier to complete

A technician discovers a new type of wax, and the firm that employees her uses it in manufacturing its products

A student cuts his elderly neighbor's lawn for free

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sole proprietorships are the most common form of business organization in the United States.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sole proprietors enjoy each of the following advantages except

they receive all the profit their businesses earn

it usually is easy for them to gather large amounts of financial capital

they can make business decisions quickly

it usually is easy for them to form their business.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owners of sole proprietorships have ____ for the firm's debts if the firm fails to pay its bills.

Limited Liability

No Risk

Unlimited Liability

None of the above

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?