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Chapter 17 Civics Flashcards | StudBud
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Chapter 17 Civics
Chapter 17 Civics
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8th Grade Civics Business
Flashcards
21 cards
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Practice quiz
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Questions
21
Answers
1
Capital is
Money used to pay for salaries
all money coming into a business
Money used to pay for tools and equipment
2
To put money into businesses or valuable articles in the hope of making a profit
Invest
Common stock
Capitalism
3
The relationship between supply and demand
predictable
erratic
weak
4
Business owner
Conglomerate
Merger
Entrepreneur
5
Money a company has left over after all its costs have been paid
Capital
Gross income
Net Income
6
Economic system in which the government completely controls a nations economy
Management
Command Economy
Free Economy
7
The tools owned by a self-employed electrician are
Liabilities
required by law
Capital
8
Nonprofit organizations
are examples of trusts
are not taxed by the government
are sole proprietorships
are organized like corporations
9
Combo of two or more companies into one company
Board of directors
Merger
Conglomerate
10
Economic System based on private ownership of the means of production
Command Economy
Management
Capitalism
11
The U.S. economy is called a
Darwin Economy
Free market economy
Democracy
12
Group elected by corperate stockholders to make the corporation's major business decisions
CEOs
Board of Directors
Labor
13
When a company has very high profits
is known as a conglomerate
the government may intervene
market price of a stock increases
14
Public utilities are
Monopolies
Trusts
Mergers
15
An essential factor of a free market economy
credit industry
profit motive
U.S. Constitution
16
Total amount of money a company receives from the sales of its goods and services
Net income
Conglomerate
Gross income
17
Forming a trust
is one way of forming a monopoly
encourages competition
Protects shareholders from incurred debt
18
Term for the problem of limited resources
Management
Command Economy
Scarcity
19
Group of officials who handle the day to day operations of a corporation
Preferred stock
Labor
Management
20
Bonds are essentially
Designed to help prevent trusts
common and preferred
Loans to a coroporation
21
Corporations are owned by
Stockholders
Partners
Entrepreneurs
