• 1. 
    Those who want to borrow money to purchase items such as houses and items.

  • Borrower
  • Lender
  • Relative
  • 2. 
    Which of the following doesn't influence markets?

  • Technology Innovation
  • Natural Disasters
  • Transport Conditions
  • Another Market from another country
  • 3. 
    A person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business is known as what?

  • Entrepreneur
  • Chief Financial Officer
  • Sole Proprietorship
  • 4. 
    Generally accepted for payment for goods and services.

  • Store of Value
  • Medium of Exchange
  • Unit of Account
  • 5. 
    Sometimes corporations but also people who lend money.

  • Lender
  • Borrower
  • A Bookie
  • 6. 
    Owners pay taxes on their income, and as stockholders, they also pay taxes on profits issued to them is called what?

  • Limited Taxation
  • Sales Taxation
  • Double Taxation
  • Excise Taxation
  • 7. 
    Old method of exchange. People exchange services and goods for other services and goods in return.

  • Gold Standard
  • Capital
  • Barter System
  • 8. 
    When a Company Needs a State Charter. Where do they go to get it?

  • State charters are from where the main office will be located for a corporation.
  • State charters come from the city where the corporation will be located.
  • State charters are from the Federal Government
  • 9. 
    Which is not the main 4 types of businesses?

  • Dot.com/Internet
  • Sole Proprietorship
  • Corporation
  • Partnership
  • Hybrid
  • 10. 
    Equity is the difference between the value of assets/interest and the cost of what?

  • Debt you need to pay.
  • liabilities of something owned.
  • the percentage of principal.
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