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Business Systems
SP, P or C
Vocab
Expansion
It's false but why?
Econ 101
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Econ 101 SP, P or C Vocab $100 $100 $100 $100 $100 $100 $200 $200 $200 It’s false but why? Econ 101 Business Systems Vocab Expansion $100 $100 $100 $100 $100 $100 Rd 2 $200 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $300 Final Jep $400 $400 $400 $400 $400 $400 Score $500 $500 $500 $500 $500 $500
The most common type of business $100 The most common type of business
What is a sole proprietorship? $100 What is a sole proprietorship? Scores
Has two types, general and limited $200 Has two types, general and limited
$200 What is a partnership? Scores
Can gain financial capital easily $300 Can gain financial capital easily
$300 What is a corporation? Scores
The owner is his or her own boss $400 The owner is his or her own boss
What is a sole proprietorship? $400 What is a sole proprietorship? Scores
Has the largest % of sales $500 Has the largest % of sales
$500 What are corporations? Scores
$100 Has unlimited life
$100 What is a corporation? Scores
A little larger than a sole proprietorship $200
$200 What is a partnership? Scores
Have to pay for a charter $300 Have to pay for a charter
$300 What is a corporation? Scores
Has unlimited liability (2 forms of business) $400 Has unlimited liability (2 forms of business)
What are sole proprietorships and partnerships? $400 What are sole proprietorships and partnerships? Scores
$500 Has double taxation
$500 What is a corporation? Scores
Promotes the welfare of its members and community $100 Promotes the welfare of its members and community
What is the chamber of commerce? $100 What is the chamber of commerce? Scores
Co-op that buys in bulk to keep prices low $200
What is a consumer co-op? $200 What is a consumer co-op? Scores
A non cash charge for the general wear and tear on capital goods $300 A non cash charge for the general wear and tear on capital goods
$300 What is depreciation? Scores
The bottom line, the real measure of profits $400 The bottom line, the real measure of profits
$400 What is cash flow? Scores
Owner is fully responsible for all losses and debts of the business $500 Owner is fully responsible for all losses and debts of the business
What is unlimited liability? $500 What is unlimited liability? Scores
$100 To grow faster, to be more efficient, to produce a new line of products or to eliminate rivals
What is reasons why companies merge? $100 What is reasons why companies merge? Scores
Exxon and Mobile are examples of this type of merger $200 Exxon and Mobile are examples of this type of merger
$200 What is horizontal? Scores
$300 Reason for expansion is good for the business but bad for workers since jobs are lost
$300 What is efficiency? Scores
Has at least 4 different businesses to be considered a $400 Has at least 4 different businesses to be considered a
$400 What is a conglomerate? Scores
$500 A sheep farmer + textile manufacturer + clothing store = what type of merger?
What is a vertical merger? $500 What is a vertical merger? Scores
A conglomerate must have at least 6 businesses $100 A conglomerate must have at least 6 businesses
What is at least 4 businesses? $100 What is at least 4 businesses? Scores
A corporation accounts for the least amount of sales in the US $200 A corporation accounts for the least amount of sales in the US
What is the MOST amount of sales? $200 What is the MOST amount of sales? Scores
Partnerships are able to sell stocks and bonds $300 Partnerships are able to sell stocks and bonds
$300 What is a corporation? Scores
$400 Only the Better Business Bureau has the ability to use collective bargaining
$400 What is a labor union? Scores
Co-ops are for- profit voluntary groups $500
What is a non-profit voluntary group? $500 What is a non-profit voluntary group? Scores
What organization has collective bargaining power? $100 What organization has collective bargaining power?
$100 What is a labor union? Scores
The easiest form of business to get into or out of $200 The easiest form of business to get into or out of
What is a sole proprietorship? $200 What is a sole proprietorship? Scores
A corporation that has manufacturing in several countries $300 A corporation that has manufacturing in several countries
What is a multinational? $300 What is a multinational? Scores
Proctor and Gamble and Johnson and Johnson’s are examples $400 Proctor and Gamble and Johnson and Johnson’s are examples
$400 What is a conglomerate? Scores
Schools, churches, charities and hospitals are examples of Schools, churches, charities and hospitals are examples of ? organizations $500
What is nonprofit organization? $500 What is nonprofit organization? Scores
Final Jeopardy Question Corporation Final Jeopardy Question Scores
The market when it is best to sell stocks.
What is a bull market? Scores