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Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40...

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Unit 2 Review Jeopardy (Ch. 5-7) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporatio ns Proprietorshi p & Partnerships Business Taxes Miscellaneou s Business Regulati ons 6 0 60 60 60 60
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Page 1: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Unit 2 Review Jeopardy (Ch. 5-7)

50

40

102030

5040

102030

5040

102030

50

40

102030

5040

102030

CorporationsProprietorship &

PartnershipsBusiness

Taxes MiscellaneousBusiness

Regulations

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Page 2: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

A business owned by 2 or more people

What is a Partnership?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 3: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

A business owned and managed by one person.

What is a Sole Proprietorship?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 4: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

The greatest disadvantage of a partnership or sole

proprietorship.

What is an Unlimited Liability?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 5: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

The most common form of business organization in the

U.S.

What is a Sole Proprietorship?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 6: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Formation that restricts the liability of a partner to the

amount of the their financial investment.

What a Limited Partnership?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 7: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Title of the partner in a limited partnership who assumes

unlimited liability.

What is a General Partner?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 8: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

These people are at the top of the corporation’s

organizational chart.

Stockholders?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 9: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

The greatest disadvantage of the corporate form of ownership.

What is Double Taxation?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 10: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Profits distributed to stockholders.

What are dividends?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 11: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

A type of corporation taxed like a sole proprietorship or

partnership and cannot exceed 100 shareholders.

What is a Subchapter S Corporation?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 12: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Must be obtained by the state in order to form a corporation.

What a Charter?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 13: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Voting option given to shareholders who cannot attend

the corporation’s annual meeting.

What is a proxy?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 14: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

The first major law promoting competition and

prohibiting monopolies.

What is the Sherman Anti-Trust Act?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 15: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Government agency that monitors price fixing &

false advertising.

What is Federal Trade Commission?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 16: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Protects inventions for 20 years.

What is a patent?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 17: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Government agency that monitors Stocks and Bonds

What is the Securities & Exchange Commission (SEC)?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 18: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Amount of time a copyright is protected for.

Life + 70 years?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 19: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

What is a Natural Monopoly?

Click Below to Reveal Answer

INCORRECTCORRECT

Situation that involves one business providing a public service that has a stable demand and is costly to create.

Page 20: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

What is an excise tax?

Click Below to Reveal Answer

INCORRECTCORRECT

Sales tax applied to only selected goods or services

Page 21: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Also known as a proportional tax.

What is a flat tax?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 22: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

A tax based on one’s ability to pay.

What is a Progressive Tax?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 23: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Tax used to fund schools in the United States.

What is Property Tax?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 24: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

The largest source of revenue for the federal government.

What is income tax?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 25: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

On average corporations pay this percent of their profits in various

types of taxes.

What is 50%?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 26: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Commerce that occurs between businesses in

different states.

What is Interstate Commerce?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 27: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Form of business ownership taken by many small business

owners (acronym is LLC).

What is an Limited Liability Company?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 28: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Formal summary of the business and its stock

offering.

What is a Prospectus?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 29: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Mark Cuban’s company broadcast.com was bought

out by this company.

What is Yahoo?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 30: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

Organizations or individuals who invest in new and expanding businesses in exchange for a

percentage of their future profit

What is a Venture Capitalist?

Click Below to Reveal Answer

INCORRECTCORRECT

Page 31: Unit 2 Review Jeopardy ( Ch. 5-7 ) 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 50 40 10 20 30 Corporations Proprietorship & Partnerships.

The most common reason that stops people from becoming

entrepreneurs.

What is Fear of Failure?

Click Below to Reveal Answer

INCORRECTCORRECT


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