Econ Quiz

Aria, a risk-taker, is needed for factors of production and starting a business

• unemployment

• entrepeneurship

• corporation

• shareholders

a business owned and managed by two or more individuals as co-owners

corporation

• a business owned by shareholders and managed by directors and executives

• a business owned and managed by a single individual

• a person who owns a share or shares of stock in corporation; sames as stockholders

general partners

• a business partner who has decision making authority

• usually a partner who will provide $$

• Unlimited liability 

• Possible disagreement

• Shared profits

• Limited life

• Disadvantages of the Partnership

• Disadvantages of Sole Proprietorship

• Disadvantages of Corporation

is a transaction that results in the transfer of ownership and control of a corporation. 

• sole proprietorship

• merger

• partnership

1. Horizontal, Vertical, and Conglomerate are...

• 3 types of mergers

• 3 types of corporation

• 3 types of lines

• 3 types of economist

A merger occurring between companies in the same industry.

Two companies producing different goods or services for one specific finished product

• Vertical Mergers

• Horizontal Mergers

Conglomerate merger

• A merger between firms that are involved in totally unrelated business activities.

• A merger occurring between companies in the same industry.

• • Two companies producing different goods or services for one specific finished product