AnswersEconomicsBusiness and Government

Business and Government — Test Answers

25 verified answers1 views
21
Free Preview

The most common business organizations in the United States are

A
franchises.
B
sole proprietorships.
C
corporations.
D
partnerships.
22
Free Preview

Which best describes the difference between sole proprietorships and partnerships?

A
Sole proprietors pay taxes only on business profits, while partners do not have to pay taxes on profits.
B
Sole proprietors split profits and share liabilities, while partners keep all profits and have unlimited liability.
C
Sole proprietors keep all profits and have unlimited liability, while partners split profits and share liabilities.
D
Sole proprietors share responsibilities, while partners are responsible for only a portion of the business.
23

What course of action might a government take to respond to the downturn revealed in this graph?

A
laying off unnecessary workers
B
decrease taxes to increase consumers' money supply
C
reducing the size of its armed forces
D
encouraging people to travel overseas
24

What does the author believe about factory owners?

A
They are greedy and selfish.
B
They are stubborn but hardworking.
C
They struggle just as workers do.
D
They earned their privileges.
25

Which best describes how individuals help the economy grow?

A
They work to influence the economy.
B
They work as part of a unified group.
C
They work in their own self-interest.
D
They work to influence the money supply.

Did you find these answers helpful?

More from this Course

Quiz
24 verified answers

Test

Quiz
21 verified answers

Test

Quiz
24 verified answers

Test

Business and Government — Test Answers…