GED Social Studies : Opportunity Costs and Profit

年代tudy concepts, example questions & explanations for GED Social Studies

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Example Questions

Example Question #2 :Terminology And Concepts

A business that is founded by several investors collectively, who share a portion of the business and a portion of the profits is called a__________.

Possible Answers:

combined arms company

stock trust monopoly

joint stock company

antitrust business

antitrust suit

Correct answer:

joint stock company

Explanation:

股份公司是一个大型商业whereby shares (or stocks) are owned by numerous individuals, thereby distributing the responsibility for the company, the risk involved for the individual, and the profits that can be made. The development of the joint stock company by the Dutch, Russians, English, and French at various times in the sixteenth and seventeenth centuries was a very important development in economic history, providing much of the means for Europe to gain great material wealth from the age of Colonialism.

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