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ENT Ch.1 What is ENT? & Ch. 2 Your Potential As an ENT.

Authored by Pamala Heller

Computers, Social Studies

9th - 12th Grade

ENT Ch.1 What is ENT?  & Ch. 2 Your Potential As an ENT.
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47 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of recognizing an opportunity, testing it in the market, and gathering resources necessary to go into business is called _______________________.

entrepreneurship

entrepreneur

economics

opportunity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The point at which consumers buy all of a product that is supplied is called ____________________.

economics

opportunity

equilibrium

profit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Specially designated areas of a community that provide tax benefits to new businesses is called __________________.

economics

venture

entrepreneurship

enterprise zones

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money left over after all the expenses of running a business have been deducted from the income is called ____________.

loss

profit

equilibrium

opportunity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of how nations allocate scarce resources to the production and distribution of products is called ___________.

free enterprise

economics

entrepreneurship

opportunist

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An idea that has commercial value is called a(n) ___________.

economic

profit

opportunity

free enterprise zone

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A new business undertaking involving risk is called ____________.

entrepreneur

enterprise zone

equilibrium

venture

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