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Year 8 Economics - Types of Businesses Flashcards | StudBud
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Year 8 Economics - Types of Businesses
Year 8 Economics - Types of Businesses
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Types of Economic Systems and Types of Businesses
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Must pay dividends to their investors
Partnership
Non-Profit Organization
Sole Proprietorship
Corporation
2
A business sells the rights to distribute its products under its name to other individuals
Corporation
Partnership
Franchise
Sole Proprietorship
3
The economic risk is shared by a large number of investors
Corporation
Partnership
Sole Proprietorship
Non-Profit Organization
4
Pieces of ownership are called stock
Non-Profit Organization
Sole Proprietorship
Partnership
Corporation
5
The individual owner has unlimited liability
Non-Profit Organization
Partnership
Sole Proprietorship
Corporation
6
Approximately 3/4 of all businesses are this type of business
Non-Profit Organization
Corporation
Sole Proprietorship
Partnership
7
What is another term used for Sole proprietorship?
Owner
Sole Boss
Sole Trader
Big Boss
8
Disagreements are the main disadvantage of this type of business
Franchise
Partnership
Sole Proprietorship
Corporation
9
Controlled by a Board of Directors with government regulation
Non-Profit Organization
Partnership
Sole Proprietorship
Corporation
10
The owner receives all profits individually
Sole Proprietorship
Non-Profit Organization
Corporation
Partnership
