Match the Most Appropriate Term to the Definition

question 24

Multiple Choice

Match the most appropriate term to the definition.
-Continues even through a change of ownership

• A)par value
• B)dissolution
• C)personal liability
• D)indefinite life span
• E)partnership
• F)sole proprietorship
• G)corporation
• H)limited partnership
• I)pooling agreement
• J)ratification

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Definitions:

Revenue Increase

The rise in the total income generated from the sale of goods or services.

Price Effect

The impact on the quantity demanded of a good or service due to a change in its price.

Quantity Effect

The change in the total amount consumed or produced of a good or service resulting from a change in its market price.

Entrance Fee

A charge for admission, often paid at the entrance of a facility, event, or establishment.