Download review questions for the exam on business/market

REVIEW QUESTIONS FOR THE EXAM ON BUSINESS/MARKET
STRUCTURE AND STOCK MARKET
1. ______________________ is when one or more owners are responsible for all business debts.
2. The two types of businesses that face the advantage listed above are __________ and ___________.
3. A disadvantage of a _______________ is that its profits are taxed twice.
4. An advantage of a ________________ is that you receive the entire profit.
5. A _______________ has the easiest time raising capital.
6. In a ________________ both partners are responsible for all debts.
7. An advantage of a _______________ is that partners can specialize.
8. In a ______________________ stockholders have limited liability.********
9. Certificates of ownership in a corporation are called _____________.
10. The original amount of money borrowed in called _____________.
11. Amount of money paid to an investor in return for his/her investment is called a _______________.
12. The amount of money a borrower must pay for the use of borrowed funds is called
___________________.
13. The amount of debt or amount of money owed is called ______________.
14. A business that is owned by the people who use its services is a ______________.
15. A business where members in the group pool their savings so that members of the group can borrow at
low interest rates and acquire other valuable services is called ________________.
16. A business that has the right or license to operate an individually owned business as if it were a large
chain is called a ___________________________.
17. Dividends are given in this form of business: _______________________
18. A Board of Directors often operates this type of business: _______________
19. A merger between two or more companies that are involved in different phases of the production of the
same good or service is a _____________________.
20. A merger between companies that produce the same good/service is a _________________.
21. A merger between companies producing or marketing different products is a _____________________.
22. Agriculture, like cotton or corn farmers, would be an example of this type of market competition:
_________________.
23. _____________________ occurs when one company lowers or raises its prices and others in the same
industry follow suit.
24. When one company tries to convince us that their product is better or more desirable than another, this is
called: __________________.
25. The Airline…Cola…Cereal industries are examples of this type of business competition:
_______________.
26. The business completion that has the most control over price is ______________.
27. The business competition that can be described as a domination by a few sellers is
___________________.
28. When business leaders of competing firms set production levels and prices for their product is called
____________________.
29. Advertising brand names or special features of a product instead of prices is called
___________________.
30. The business competition that uses price leadership to control the price of their product is
________________.
31. The market structure where entry into the field is most prohibitive is __________________.
32. The market structure that has the most competition is __________________.
33. The two types of market competitions that uses non-price competition are _____________________ and
_________________.
34. A _________________________ can issue stocks and bonds.
35. A _________________________ shows that the company or corporation is in debt.
36. The business competition that has around 4 or 5 companies that control around 70% of the sales of the
entire industry is a/an ___________________.
37. Being the only gas station in town is an example of this type of monopoly: _____________________.
38. The U. S. Post Office is an example of this type of monopoly: _______________.
39. What type of monopoly describes the situation when Kodak received a patent for a new product?
40. This type of business competition has almost complete control of the market price
_______________________.
41. _______________________ accounts for around 90% of the total sales in an industry.
42. The Boy and Girl Scouts are examples of a _________________________.
43. Laws that were passed to prevent or break up monopolies are known as _________________________.