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Within the circular flow of economic activity, businesses interact with individuals in the to obtain the productive resources they need to run their business. question 1 options: resource/factor market virtual market farmers market product market which of the following is an example of a sole proprietorship? question 2 options: kelly’s klothing; owned by kelly reed jim’s jeans; owned by jim farmer and jimmy brown opie’s oranges; a business owned by shareholders and managed by ceo opie taylor green grass; a lawn care business owned by gernie, gerry, george, and gage. save for money to function correctly in the economy, it must be accepted as a medium of exchange. this means that the money question 3 options: cannot be exchanged by anyone must be accepted as a valid form of payment must have value must be able to be moved around the business organization in which stockholders invest funds and in return receive part-ownership in the company is known as a(n) question 4 options: conglomerate llc (limited liability company) general partnership corporation save
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