Unit 3 Economics Quiz Review

This can be a collection of different stocks and bonds

If a worker has a high level of skill, they can

How would an employer make sure they get enough applicants for a job?

When two sides can't agree, it often goes to binding arbitration and they get help from a _____

This has improved the transfer and storage of information and improved efficiency

Which of the following is a negative part of starting a sole proprietorship?

A steady rise in the market prices

Sole proprietorship, partnerships, corporations are all known as

A business cannot legally pay an employee less than

Temporary workers are also known as

Which of the following people would be a member of the labor force?

This sector is made up of service industries

If a worker isn't hired due to their gender or minority, this is considered

a person who buys and sell securities for customers

An example of a skilled worker would be a

A type of ownership that gives profits and voting rights

This is the money given to stockholders when companies make a profit

In order to raise money, corporations

If you take money that you have today and put it away for later usage, it's called a(n)

a contract to buy stocks at a later time

Money that is backed by something tangible

A vocational school provides _______ to workers

A steady decline in the market prices

A group of farmers working together would form a

Conflict between owners if a disadvantage of what?

If the owner of a sole proprietorship dies, what happens?

Which partnership states that no one co-owner is responsible for debts?

Money that has value because the government says it does

A woman not getting a promotion that she deserves is said to have hit the

How are wages determined?

A type of ownership that gives no voting rights

Which of the following is true about franchises?

This group works to improve working conditions for workers

If Pizza Hut, Little Caesars and Jets Pizza all combined, what would be it called?

A high-rise construction worker more than likely

If you buy a share of a company, you are known as a

If an inventor wanted investors $$$ but didn't want to lose control, they would create a

An example of a semi-skilled worker would be a

Doctors want to avoid malpractice suits against other doctors in their practice, so they form a

When a pizza company buys a cheese company, and a tomato sauce company, and a dough provider...

Workers with knowledge and skill to complete a job are a part of ________

Another name of stocks, bonds, and mutual funds

Money that has value because the coin material has value

If no workers need jobs, and no employers need workers, this has been reached