Why is it easier for a partnership to borrow money and keep better employees compared to a sole proprietor?

A partnership has more personalstability and access to more money

Which of the following is an example of business property?

A computer and vehicle used to deliver products

What is an advantage a sole proprietorship has over a partnership?

Owner entitled to all business profits

Which of the following statements best completes the chart above?

Cars manufactured at Toyota Plant outside of Sanantonio

How is a general partership organized?

Every partner equally shares both responsibility and liability

When the economy experiences location D, it is most likely the case that...

GDP is increasing, unemployment is decreasing and inflation is increasing

You know your country is in a recession when you have which of the following?

A decrease in industrial production

What is happening at Point C in the diagram below?

Employment and output have reached their lowest levels

Inflation occurs whenever-

The price level risescontinuously overa period of time

How do economists think private ownership most affects property maintenance?

It is helpful because owners have an incentive to care for the property

Calculate GDP: Consumption and investment is 24 million. Imports is 2 million. What is the best way to calculate GDP?

Subtract 2 million from 24 million because imports bought by consumers

_____ +_____ = Natural Unemployment Rate

Structural and Frictional unemployment

Componets of GDP are: Consumption, Investment, Gov Spending, Net Exports.

Required to determine a country's economic growth

-Ease of start up at low cost; Sole reciever of profit; Few regulations; Full control

Advantages of Sole Proprietorships

Based on the picutres below, which statement best describes the impact shown?

Productivity will increase due to robots being faster

What is the major difference between a corporationand other kids of business?

A corporation is a separate legal entity apart from that of the owners

studbud

Unit 4 Quiz Review

22 termsStudBud Administration8,586 plays

Imported from external platform

Flashcards22 cardsFPractice quizPHost liveL

Questions 22

Answers

1
Why is it easier for a partnership to borrow money and keep better employees compared to a sole proprietor?
The larger # of partners makes it more likely the business will succeed
The less access to a partners personal funds make the business more careful
A partnership has more personalstability and access to more money
The larger # of partners means that people are easier to get along with
2
Which of the following is an example of business property?
A manager who has a masters degree in business
Land that a business pays a monthly fee to use for production
An owner signs a leasing agreeement for a new machine
A computer and vehicle used to deliver products
3
What is an advantage a sole proprietorship has over a partnership?
Ease to raise capital
Owner entitled to all business profits
Unlimited personal liability
More expensive to startup
4
Which of the following statements best completes the chart above?
Apple Stock purchased by an American citizen
Cars manufactured at Toyota Plant outside of Sanantonio
Toys manufactured in China at a factory owned by a U.S company
Purchasing a used Dogde Truck from the Houston Carmax dealership
5
Which of these is a disavantage of turning a partnership into a corporation?
Continuity issues
Expanded liability
Less management skill
Loss of control
6
How is a general partership organized?
Every partner equally shares both responsibility and liability
The government is responsible for paying the debts of failed partnerships
No partner is responsible for the debts of the partnership
Only one partner is responsbile for debts ofthe partership
7
Which of the following applies to both Sole Proprietorships and Partnerships?
Unlimited liability for debts
High deficit spending
Complete control of business
Responsible to a board of directors
8
When the economy experiences location D, it is most likely the case that...
GDP is increasing unemployment is decreasing and inflation is decreasing
GDP is increasing, unemployment is decreasing and inflation is increasing
GDP is decreasing, unemployment is decreasing and inflation is increasing
GDP is increasing, unemployment is increasing and inflation is decreasing
9
You know your country is in a recession when you have which of the following?
A decrease in industrial production
An increase in consumer spending
An increase in government savings
A lenghtly period of increasing GDP
10
What is happening at Point C in the diagram below?
The inflation rate is at its lowest
Cyclical unemployment is at a minimum point
Employment and output have reached their lowest levels
The natrual rate of unemployment is at a minimum point
11
Inflation occurs whenever-
The price level risescontinuously overa period of time
The exchange rate increases
The money supply increases
The price level falls continuously over a period of time
12
How do economists think private ownership most affects property maintenance?
It is harmful because non-owners may throw trash on the property
It is helpful because owners have to pay taxeson the property
It is harmful because owners save money by letting property get run down
It is helpful because owners have an incentive to care for the property
13
Calculate GDP: Consumption and investment is 24 million. Imports is 2 million. What is the best way to calculate GDP?
Add 2 million to 24 million because imports are bought by consumers
Subtract 2 million from 24 million because imports bought by consumers
Subtract 2 million from 24 million because imports cost domestic jobs
Add 2 million to 24 million because imports are used for produciton
14
_____ +_____ = Natural Unemployment Rate
Structural and Frictional unemployment
Cyciclal and Structural unemployment
Casual and technological unemployment
Seasonal and regional unemployment
15
Componets of GDP are: Consumption, Investment, Gov Spending, Net Exports.
Shift according to consumer tastes
Required to determine a country's economic growth
Used by economists to calculate the unemployment rate
Fixed prices for goods and services set by the government
16
-Ease of start up at low cost; Sole reciever of profit; Few regulations; Full control
Motives for starting a Partnership
Reasons to start a Corporation
Benefits of the Stock Market
Advantages of Sole Proprietorships
17
Based on the picutres below, which statement best describes the impact shown?
Productivity will increase due to robots being faster
New technology saves money for the company in the long run
New shelving will have to be purchased for better mobility
The company will no longer have to hire human workers
18
According to the newpaper headline, what type of unemployment would a recent college graduate be considered?
Cyclical
Structual
Frictional
Seasonal
19
Which country has the most stable prices?
India
El Salvador
Brazil
Mexico
20
Using the chart below, what phase of the business cycle is represented by the economy moving from Year A to Year B?
Contraction
Trough
Peak
Expansion
21
What is the major difference between a corporationand other kids of business?
A corporation is a separate legal entity apart from that of the owners
A corporation is not responsible for its debts if it fails
A corporation is much larger than other kids of business
A corporation has officers who are responsibile for the business
22
You spend $9.50 at the movie theater to watch Star Wars. What part of GDP is this?
Government Spending
Investment
Net imports
Consumption

Unit 4 Quiz Review Flashcards | StudBud