Business Essentials Final Review

Front

Many successful entrepreneurs work in a related business before starting their own company.
Options: TRUE, FALSE

Back

TRUE

Front

A written description of a business venture that describes all aspects of the business is called...

Back

a business plan

Front

What does BCC stand for, in reference to an email?

Back

Blind Carbon Copy

Front

What is the economic problem?

Back

We have unlimited wants but limited resources.

Front

Which of the following is an example of an entrepreneur? David delivers pizza, Carlos has started a carwash company, Katie helps her mom with the housework to earn money

Back

Carlos has started a carwash company

Front

The type of economy a country has is determined by the ____.

Back

amount of government involvement in economic decision-making

Front

In the United States economic system, who makes decisions?

Back

Individuals, business, and government

Front

Which is the strongest motivating factor in a free market economy?

Back

Ability to earn a profit

Front

In a market economy, who decides on the prices of goods and services? Options: government, buyers and sellers, firms, local leaders

Back

buyers and sellers

Front

In email etiquette, the only correct punctuation to use is a comma.

Back

FALSE