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4C- March 31- Unit 7-9 Flashcards | StudBud
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4C- March 31- Unit 7-9
4C- March 31- Unit 7-9
20 terms
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20 cards
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Practice quiz
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Questions
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Answers
1
Not for profit business
1099
Roth IRA
501c
500a
2
Advantages of an LLC are?
No loss of power to a board of directors
All of the above
Much less administrative work and recordkeeping.
Pass through taxation - rather than double taxation
3
What is an advantage of franchising?
Chance of mistakes are low as all products have been pre-tested
It's more expensive
It's cheaper
4
______ was a successful in cattle. His business continued to grow as he walked with God and became wealthy Gen 26:3
Moses
Abraham
Shechem
Zerubbedel
5
South
Africa, apartheid (or racial segregation); Iraq, the invasion of Kuwait experienced sanctions
True
False
6
In economics, what does the term
trade
most often describe?
Stock Market
Exchange
Settlers of Catan
Purchases between countries
7
Makes/sells their own products, makes investments and is able to make a profit all while raising kids
Esther
Proverbs 31 woman
Boaz
Proverbs 30 woman
8
Is this picture funny?
Meow
Yes
No
I am laughing now
9
An entrepreneur who had various business interests, including international trade and merchant ships (1 Kings 10:22-29
Solomon
Jeru
Queen of Sheeba
Barak
10
As of June 2016, these two countries held the most U.S. Treasury securities?
Mainland China and Japan
False
True
11
A PC is a: corporation, which
physicians, attorneys, or professionals form to separate their professional
liability
True
False
12
the difference between revenue and cost of sales
Total cost
Cost of sales
Profit-sharing
Gross profit
13
Can you spread corona virus over zoom?
Mmmmmmm
My granny says yes
You send them a card in the mail after to cough on it
Absolutely
14
The price of one country’s currency expressed in terms of another country’s currency
Currency exchange rate
Give me my money
Barter
Rate of agreement
15
What would a business do to survive a recession?
Increase wages
Hire more staff
Increase investment
Find cheaper raw materials
16
A person concentrates on one kind of work and uses the profits from that work to buy the other things he or she needs
Specialization
Target Infastructure
Sustainability
Acceptation
17
What was the name and occupation of the woman who became a believer in Jesus in Acts 16?
Peggy Sue
Mary
Dorcas
Lydia
18
What is proprietorship?
One owns the business
Owns the most money
2 or more the business
A big company
19
How can a natural disaster, such as a hurricane or earthquake, lead to a contraction or slowing down of the economy?
strengthen core losses
Decreasing losses
Interrupting supply
Net viability
20
What do you have to do in the SHARK TANK project?
Make your innovation
Turn it in late.
Talk to people
Make your invention