SS8E2

SS8E2

Georgia business, economic growth, and entrepreneurship

Multiple Select

Choose the options below that are the main types of goods and services that drive Georgia's economy. Choose all that apply

• coal mining

• Entertainment ( film industry and tourism)

• Technology industries

• manufacturing and service industries

• Agriculture

Multiple Choice

Which of the following BEST describes Georgia's economy?

• The state depends mostly on agriculture , followed by entertainment and automotive industries

• The state's economy has a variety of different types of industries which include manufacturing, technology , and agriculture, and entertainment

• The state's economy relies heavily on textile production, particularly from companies based in foreign markets

Multiple Select

Choose the examples below of an entrepreneur. cHOOSE ALL THAT APPLY

• A RESTAURANT OWNER

• A POLICE OFFICER

• A CONSTRUCTION COMPANY OWNER

• THE MANAGER OF A LOCAL GROCERY STORE

• A person invests his/her money to develop a new kind of dog grooming tool.

Multiple Choice

What is the main motivation for an entrepreneur?

• the need for steady employment

• The hope of making large profits

• the desire for national recognition

• the ideas of having many employees

Multiple Choice

What is " capital " in terms of ecnomics?

• financial assets of an individual or business

• where the state government does business

• punishment by death for a crime

• a monthly budget amount

Multiple Choice

What does an entrepreneur RISK at the time of business start-up ?

• safety

• health

• capital

• engineering

Multiple Choice

Which statement best explains why INCOME is the STARTING point for personal finance management?

• Having an income allows a person to buy things

• Without an income there are no finances to manage

• For most people the best source of income is a job

• a household budget lists both income and expenses

Multiple Choice

What is the most likely reason for an entrepreneur to start a new business?

• to make a profit

• to establish a legacy

• to reduce the budget deficit

• to promote a balance of trade

Multiple Choice

a plan for spending and saving:

• a most basis

• a budget

• an income

• an expense

Multiple Choice

Money borrowed that must be paid back

• income

• expense

• debt

• budget

Multiple Choice

Money that must be paid back to the lending institution or bank which is " a fee" in ADDITION to paying back the original amount of money borrowed

• debt

• interest

• cost

• income

Multiple Choice

Money an individual earns in the form of yearly salary, weekly wages or commission.

• budget

• risk

• income

• debt

Multiple Choice

Money going out: to pay bills or monthly expenses, donations you give to charity,

• savings

• income

• budget

• expenditures

Multiple Choice

Money set aside for later use

• income

• expense

• savings

• budget