Reform/Sectionalism Notes 1

Test Description: Recap of notes

Instructions: Answer all questions to get your test result.

1) production of goods and services carried out by an owner risking their own money is called?

2) The effort of a person to attract business by offering the best deal is known as what?

3) Ownership of property by an individual is called what?

4) The money after all the expenses are subtracted from the amount recieved is known as what?

5) The idea that assumes that consumers decide the types, quality and quantity of goods provided

6) Freedomof private business to organize and operate for profit in a competitive system without governement control is called what?

7) A unit of ownership in a company

8) Payment to stockholders from a corporations profits

9) Irish moved to the US in mid 1800's because what happened in Ireland?

10) What is an advantage of a corporation over private ownership?


*select an answer for all questions

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