Economics Chapter 8
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Person who organizes, manages, and assumes the risk of a business in order to gain profits. | Entrepreneur
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| A beginning of business enterprise. | Start up
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| Private funded agency that assists new businesses by providing advice or low-rent buildings and supplies | Samll business incubator
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| Extra supply of the items used in a business, such as raw materials or goods for sale. | Inventory
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| Income recived from the sale of goods and services; also, slips of paper documenting a purchase. | Receipts
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| Business owned and operated by one person. | Sole proprietorship
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| Owner of a business. | Proprietor
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| Requirement that an owner is personally and fully responsible for all losses and debts of a business. | Unlimited liability
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| All items to which a business or household holds legal claim. | Assets
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| Business that two or more individuals own and operate. | Partnership
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| Special form of partnership in which one or more partners have limited liability but no voice in management. | Limited partnership
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| Partnership set up for a specific purpose for a short period of time. | Joint ventures
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| Type of business organization owned by many people but treated by laws as though it were a person. | Corporation
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| Share of ownership in a corporation that entitles the buyer to a certain part of the future profits and assets of the corporation. | Stock
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| Requirement in which an owner's responsibility for a company's debts is limited to the size of the owner's investment in the firm. | Limited liability
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| Articles of incorporation
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| Corporate charter
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| Common stock
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| Dividend
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| Preferred stock
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| Franchise
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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