Types Of Businesses And Competition: Question Preview (ID: 24280)

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Mr. Sanchez owns a store that sells sports equipment. What type of business does he have?
a) proprietorship b) partnership c) corporation d) market
Investors are only liable for the amount of investment in a _____.
a) corporation b) proprietorship c) sole-proprietorship d) partnership
Which answer choice is NOT a way the U.S. government promotes competition?
a) promotes due process b) enforces anti-trust laws c) encourages global trade d) supports new businesses
Bill Gates took a risk and opened Microsoft. He is an example of a ____.
a) entrepreneur b) dictator c) partnership d) director
What kind of laws are meant to limit monopolies?
a) anti-trust laws b) monopoly laws c) global laws d) trade cap laws
Increased competition often leads to lower prices and ____.
a) better quality b) lower quality c) no change in quality d) balanced equality
Jim Bob and Marianne opened a restaurant. They started a ___.
a) partnership b) corporation c) sole proprietorship d) proprietorship
Which of the following is a synonym for global?
a) worldwide b) local c) state d) national
You can buy stock in Disney and Coca-Cola. These companies are ___.
a) corporations b) partnership c) proprietorship d) sole proprietorship
Who is the best teacher?
a) Hodges b) Hodges c) Hodges d) Hodges
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