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Robert and Sheila started a computer repair business. Both parties contributed an equal amount of money and are assuming equal risk. What type of business did they form?
An appropriate title for the list above is: Characteristics of Corporation.
Partnership
limit their purchases according to government recommendations.
entrepreneur.
an entrepreneur.
buying resources and making products to sell to consumers.
economic flow.
partnership.
Businesses most frequently participate in the economic circular flow of resources by −
An appropriate title for the list above is: Characteristics of Corporation.
Partnership
limit their purchases according to government recommendations.
entrepreneur.
an entrepreneur.
buying resources and making products to sell to consumers.
economic flow.
partnership.
In a free enterprise system, a person who starts and runs a new business is −
An appropriate title for the list above is: Characteristics of Corporation.
Partnership
limit their purchases according to government recommendations.
entrepreneur.
an entrepreneur.
buying resources and making products to sell to consumers.
economic flow.
partnership.
Someone who is willing to take risks in order to make a profit is known as an −
An appropriate title for the list above is: Characteristics of Corporation.
Partnership
limit their purchases according to government recommendations.
entrepreneur.
an entrepreneur.
buying resources and making products to sell to consumers.
economic flow.
partnership.
•authorized by law to act as a legal person • liability limited to investment • owners share profits
An appropriate title for the list above is: Characteristics of Corporation.
Partnership
limit their purchases according to government recommendations.
entrepreneur.
an entrepreneur.
buying resources and making products to sell to consumers.
economic flow.
partnership.
In our economy, individuals (households) do all except −
An appropriate title for the list above is: Characteristics of Corporation.
Partnership
limit their purchases according to government recommendations.
entrepreneur.
an entrepreneur.
buying resources and making products to sell to consumers.
economic flow.
partnership.
When the government uses tax dollars to purchase products and/or services from the public, they are participating in what economists consider the −
An appropriate title for the list above is: Characteristics of Corporation.
Partnership
limit their purchases according to government recommendations.
entrepreneur.
an entrepreneur.
buying resources and making products to sell to consumers.
economic flow.
partnership.
Sharing resources and risks are advantages to a −
An appropriate title for the list above is: Characteristics of Corporation.
Partnership
limit their purchases according to government recommendations.
entrepreneur.
an entrepreneur.
buying resources and making products to sell to consumers.
economic flow.
partnership.
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