when two companies join together

In a traditional economy, the means and methods of production are...

passed from one generation to the next

In a limited partnership...

the inactive partner has limited liability for the debts

What type of companies would merge together?

those that sell similar products

What is the purpose of a non-profit organization?

to provide goods and services to members

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Economics CSA 2 - Economic Systems and Business Organization

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Questions 14

Answers

1
A company that exists in more than one country, either manufacturing or service
multinational
non-profit organization
partnership
corporation
2
What is a merger?
when two people decide to go into business together
when the government decides to take over a business/company
when two partners decide to dissolve their relationship
when two companies join together
3
In a traditional economy, the means and methods of production are...
passed from one generation to the next
completely controlled by the government
completely controlled by private individuals
changed every year with new ideas
4
When you start and run your very own business
partnership
corporation
sole proprietorship
conglomerate
5
An organization formed by workers who are seeking improvements related to their jobs
workers movement
labor union
multinational corporation
law firms
6
Which type of economy focuses more on consumer needs and wants?
command
centrally planned
capitalist
communist
7
A form of business organization recognized by the law as a separate legal entity
limited partnership
company
multinational
corporation
8
In a limited partnership...
the inactive partner has limited liability for the debts
the business does not end with the death of a partner
the partners must pay special business tax
all partners share equal financial responsibility
9
In a pure market economy, resources are
privately owned
it is the same thing as communism
everything is owned by the government
publicly owned
10
What type of companies would merge together?
those that sell different products
those that sell similar products
companies that are on the verge of bankruptcy
only the ones that are highly successful
11
The amount/price you pay when you borrow someone else's money
loan
interest
finders fee
credit card fees
12
Who controls the resources in a centrally planned (command) economy?
anyone can
private individuals
only large corporations
the government
13
What is the purpose of a non-profit organization?
to pay extra income taxes to the government
to pay out dividends to people
to provide goods and services to members
to issue stock
14
Once companies merge together, this may form and it's not always good for us consumers
a limited liability
increased market competition
a monopoly
unlimited profits

Economics CSA 2 - Economic Systems and Business Organization Flashcards | StudBud