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Name: ___________________________________
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Econ Chapter 8 Test
Created by jrogers
- 1. sole proprietorship
- 2. partnership
- 3. coropraton
- 4. public compony
- 5. unlimited life
- 6. conglomerate
- a. a business co-owned by two or more people who agree on how reponsibilities, profit, and losses should be divided
- b. a situation in which a corporation continues to exist even afer change in owernship
- c. a business owned by shareholders, who own the rights to the compnay's profit but face only limited liability for the company's debts and losses
- d. a corporation that issues stock that can be freely traded
- e. a business owned an controlled by one person
- f. a business composed of companies that produce unrelated good or seriveces
Name: ___________________________________
Date: ___________________________________
Date: ___________________________________
Econ Chapter 8 Test (Answer Key)
Created by jrogers
- e 1. sole proprietorship
- a 2. partnership
- c 3. coropraton
- d 4. public compony
- b 5. unlimited life
- f 6. conglomerate
- a. a business co-owned by two or more people who agree on how reponsibilities, profit, and losses should be divided
- b. a situation in which a corporation continues to exist even afer change in owernship
- c. a business owned by shareholders, who own the rights to the compnay's profit but face only limited liability for the company's debts and losses
- d. a corporation that issues stock that can be freely traded
- e. a business owned an controlled by one person
- f. a business composed of companies that produce unrelated good or seriveces
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