Grade 10 Quiz #3, October 24, 2013

10 Questions | Total Attempts: 80

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10th Grade Quizzes & Trivia

Questions and Answers
  • 1. 
    What is an  advantages of a Sole Trader?
    • A. 

      Has more than one partner

    • B. 

      Reaps all of the profit

    • C. 

      Is a limited liability company

    • D. 

      Answer option 4

  • 2. 
    Sole Traders seek money from all places except
    • A. 

      Bank Loan

    • B. 

      Friends and Family

    • C. 

      Shareholders

    • D. 

      Mortgages

  • 3. 
    Unincorporated Businesses have separate legal identity from their owners.
    • A. 

      True

    • B. 

      False

  • 4. 
    One of the similarities of Sole Trader and Partnership is keeping financial records private. 
    • A. 

      True

    • B. 

      False

  • 5. 
    Sole Traders can specialize in certain areas of the business 
    • A. 

      True

    • B. 

      False

  • 6. 
    Which share stock dropped from $170 per share to $2 per share?
    • A. 

      True

    • B. 

      False

  • 7. 
    What  person that stated the following quote in the movie Meltdown. “One day we had a firm, the next day we did not.”  
    • A. 

      Allen Greenspan

    • B. 

      Jim Flaherty

    • C. 

      Dick Fuld

    • D. 

      Kathy Waters

  • 8. 
    People were buying apartments, in 2008, not to live in, but to resale and make a profit.
    • A. 

      True

    • B. 

      False

  • 9. 
    Who is the man, in the movie Meltdown, known as “The Snake?”
    • A. 

      Hank Paulson

    • B. 

      Allen Greenspan

    • C. 

      James Cayne

    • D. 

      Alex Brummer

  • 10. 
    In the movie Meltdown, excess credit was showing in ‘sub-prime’ loans.
    • A. 

      True

    • B. 

      False

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