MGTA01H3 Study Guide - Midterm Guide: Sole Proprietorship, Perfect Competition, Economic Equilibrium
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MGTA01H3 Full Course Notes
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The mid-term test will consist of 35 - 40 mcqs taken directly from material in the course textbook. Below, is a sample of 24 mcqs based on the same material, similar in format and difficulty to what you will find on the mid-term test. Examples of businesses include the following, except: local supermarkets large corporations like canadian pacific or alcan aluminum non-profit organizations one-person operations, like barbershops. On a graph showing the supply curve and the demand curve, the point at which the two. D) the equilibrium price the law of demand the break-even point the junction. Assume that morgan, a would-be tycoon, decides to go into business for himself selling red socks door-to-door. If he wishes to avoid unncessary costs and legal fees by setting up the simplest form of business, he should establish. 7) a franchise a corporation. a sole proprietorship a partnership.
