Economics Mid Term jss12025

Welcome to your Economics Mid Term jss12025

1. The quality that is exhibited by a person who tells the truth all the time is called

2. One of these is a factor which cause people to lie

3.A legally instituted enterprise that is sanctioned with the ability to provide goods and services is called ....,

4. All these are forms of business ownership except

5. In partnership there is a minimum of.......and maximum of........persons.

6. Business entities owned by the government is called.........

7. Another name for one man business is........

8. A Business organization ,that is established, owned, financed and controlled by one person with the aim of making profit

9. When two or more persons contribute their skills, money,or money's worth inorder to establish, own and manage business is called.....

10. A company can either be limited or ....,..

SUBJECTIVE

1. A partner who has agreed to contribute a certain sum of money is called........

2. Two types of partners I know are....... and........

3 An association of individuals with a common interest who agree to come together to promote the welfare of members is called................

4. One attribute of a very truthful person is ........

5. A form of cooperative society I know is .........

THEORY

1. Define business enterprise

b. Outline any four business enterprise you know.

2. Write out any five points that cause people to tell lies.

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