Chapter 2.1 quiz

Raw materials supplied by nature are called...

• Capital Resources
• Monetary Resources 
• Natural Resources
• Human Resources

Which need usually involves something that provides a sense of accomplishment, such as earning a college degree?

• Social
• Esteem
• Security
• Self-actualization

Needs and wants are unlimited

• True 
• False

needs include all of the following except...

• Basic clothing
• jewelry 
• food
• shelter

Only natural resources are in limited supply

• True 
• False

The role of business is to produce and distribute goods and services that people need and want.

• True 
• False 

The psychologist who developed a theory on the hierarchy of needs was...

• Sigmund Freud
• Karl Jung
• Abraham Maslow
• None of these

Services must be provided to you at the time you need them- they cannot be stored.

• True
• False

Employees are considered human resources, but entrepreneurs are not.

• True 
• False

According to the hierarchy of needs 

• People must satisfy lower-level needs before focusing on higher level needs
• everyone has the same needs
• everyone's needs will eventually be satisfied
• all of these