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Economics (UNIT 4): Business and Labor Review Flashcards | StudBud
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Economics (UNIT 4): Business and Labor Review
Economics (UNIT 4): Business and Labor Review
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1
A dentist's office that is owned and operated by three dentists would be a/an
business venture
corporation
partnership
sole proprietorship
2
What color of mushroom will give Mario/Luigi an extra 1UP (life)??
blue and yellow
green and white
purple and yellow
red and orange
3
A joint venture is_______
sole proprietorship
a type of partnership
temporary
not possible anywhere
4
A_________is a group that works together to control supply and price of a good/service
cartel
non-profit organization
black market
military leaders
5
Which of these is
NOT
a franchise
McDonalds
Subway
Burger King
WalMart
6
Charging different prices for consumers in different markets for the exact same good/service is
progressive pricing
price leadership
price discrimination
collective bargaining
7
A corporation that operates and exists in more than one nation is called a/an_______________
conglomerate
joint venture
multinational
sole proprietorship
8
A large megacorporation such as Disney or Viacom would be an example of a/an________
conglomerate
sole proprietorship
monopoly
vertical merge
9
A__________ is an organization of workers started to help get better wages and benefits
club
cartel
labor union
labor strike
10
Which of the following is NOT a type of business competition?
monooligripoly
monopoly
perfect competition
monopolistic competition
11
Name the MOVIE
Mulan
Lilo & Stitch
Hawaiin Vacation
Treasure Planet
12
Process by which employees and employers negotiate terms of employment (wages, benefits, etc.)
collective bargaining
contractual litigation
restitution
infiltration
13
Businesses make money by lowering_______ and increasing___________
costs; revenue
standards; controversy
profit; spending
prices; spending
14
Name this video game...
Super Mario Kart
Super Mario Bros 3
Mario & Luigi Save Peach
Super Mario Bros
15
A___________ has control over a patent or production process...
technological monopoly
geographic monopoly
natural monopoly
government monopoly
16
Name this Movie
Snow White
Up
Short Circut
Wall-E
17
Which of the following would
be an example of an OLIGOPOLY?
Coca-Cola
McDonalds
American Eagle
City of Sioux City
18
A corporation that operates and exists in more than one nation is called a/an_______________
sole proprietorship
joint venture
conglomerate
multinational
19
A cable company that has no competitors with their cable service is a/an________
geographic monopoly
technological monopoly
natural monopoly
government monopoly
20
In a limited partnership, the limited partner is responsible for....
all the debt of the business
serve as a director of <br>internal operations
provide money and capital
running the business
21
Name the Game/App
Snap Chat
Trivia Crack
Instagram
Sporcle
22
Mel's One Stop is the only gas station for 120 mile radius. Mel's station has a_____monopoly
natural
government
geographic
technological
23
Which is something that labor unions did
NOT
fight for regarding workers?
inreased child labor
good working conditions
vactation and sick time
better wages
24
Which of the following is
NOT
a factor that affects a job's wages?
location of job
type of job
your political affiliation
skill level/training
25
Which of the following is an example of a NONPROFIT ORGANIZATION?
The United Way
Walmart
PetSmart
Hormel
