Week 3: Application of Demand and Supply
Quiz by Camille Garcia-Santiago
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- Q1
All owners share the management of the business and each is personally responsible for and must assume the consequences of the actions of the other partners.
Users re-arrange answers into correct orderJumble30s - Q2
An agreement in which two or more persons combine their resources in a business with a view to making profit.
Users re-arrange answers into correct orderJumble30s - Q3
Owned by a single individual who is singly responsible for running the business and is accountable for all debts and obligations related to the business.
Users re-arrange answers into correct orderJumble30s - Q4
Is a legal entity that is separate from its owners, the shareholders.
Users re-arrange answers into correct orderJumble30s - Q5
Is an entity organized by people with similar needs to provide themselves with goods or services or to jointly use available resources to improve their income.
Users re-arrange answers into correct orderJumble30s - Q6
One of the key factors that must be considered in analyzing the industry is knowing the description of the product.
truefalseTrue or False30s - Q7
Factors that will not affect the growth of the business.
falsetrueTrue or False30s - Q8
The buyers have to be identified.
truefalseTrue or False30s - Q9
You need to identify the geographic location of your business.
truefalseTrue or False30s - Q10
The need to identify the leading businesses in the industry, and to provide company information on the most successful businesses that you will be rip against.
truefalseTrue or False30s