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Multiple Choice
Identify the choice that best completes the statement or answers the question.
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4. According to the illustration, what is the least common form of business organization in the United States?
a. proprietorships
c. corporations
b. partnerships
d. joint ventures
(approximate figures)
Total Number of Sole
Proprietorships
Percent of Sole Proprietorships
Engaged in Different Types of
Activities
16,154,000
Forestry and fishing
Mining
Construction
Manufacturing
Transportation
Wholesale and retail
Finance, insurance, real estate
Services
Other
$790,630
$166,799
2%
1%
1%
3%
4%
18%
9%
50%
12%
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5. Based on the table, approximately what number of sole proprietorships are engaged in mining?
a. 323,080
c. 1,615,400
b. 3,230,800
d. 161,540
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6. In a general partnership,
a. the business continues even if one partner dies.
b. partners must pay specific business taxes.
c. partners usually draw up legal papers called articles of partnership.
d. partners are only liable for the business's debt up to the amount of their investment.
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1997
$1,354
$1,186
X
1998
$1,603
$1,416
Y
1999
$1,907
$1,679
Z
____
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1. Exxon
2. Ford Motor
3. IBM
4. General Motors
5. Texaco
6. General Electric
7. Citigroup
8. Wal-Mart Stores
9. Chevron
10. Hewlett-Packard
Foreign
($mil)
143,044
51,691
51,180
48,233
43,146
42,390
37,396
32,100
31,374
27,230
Total
($mil)
206,083
170,064
88,396
184,632
60,220
129,853
111,826
191,329
69,058
48,782
Assets
Foreign
as % of
Total
69.4
30.4
57.9
26.1
71.6
32.6
33.4
16.8
45.4
55.8
Foreign
($mil)
56,742
19,874
14,348
12,578
7,879
159,367
269,837
25,742
27,126
2,244
Total
($mil)
89,829
45,804
35,797
35,376
15,897
437,006
741,114
78,130
50,832
4,500
Foreign
as % of
Total
63.2
43.4
40.1
35.6
49.6
36.5
36.4
32.9
53.4
49.9
____ 10. According to the table, more than half of the assets of which company or companies are located outside of the
United States?
a. Exxon
b. Exxon, IBM, Texaco, Hewlett-Packard
c. all of them
d. Chevron, Exxon
B
PTS: 1
DIF: Average
Learn more about this question in Economics Principles and Practices, pages 64-65.
B
PTS: 1
DIF: Average
Learn more about this question in Economics Principles and Practices, page 70.
3. ANS:
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4. ANS:
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5. ANS:
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6. ANS:
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7. ANS:
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8. ANS:
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9. ANS:
REF:
10. ANS:
REF:
C
PTS: 1
DIF: Challenging
Learn more about this question in Economics Principles and Practices, page 75.
B
PTS: 1
DIF: Easy
Learn more about this question in Economics Principles and Practices, page 64.
D
PTS: 1
DIF: Average
Learn more about this question in Economics Principles and Practices, pages 62-64.
C
PTS: 1
DIF: Average
Learn more about this question in Economics Principles and Practices, pages 64-66.
C
PTS: 1
DIF: Average
Learn more about this question in Economics Principles and Practices, pages 82-83.
D
PTS: 1
DIF: Easy
Learn more about this question in Economics Principles and Practices, pages 64-66.
D
PTS: 1
DIF: Average
Learn more about this question in Economics Principles and Practices, page 76.
D
PTS: 1
DIF: Easy
Learn more about this question in Economics Principles and Practices, pages 76-77.