Entrepreneurs

Who starts a business?

• inventor

• congressman

• president

• entrepreneur

What is left after the business pays for everything it uses to provide goods and services.

• cash

• capital

• profit

• resource

Who are the people who buy a good or service?

• manager

• employee

• consumer

• entrepreneur

Which is NOT a factor of production?

• land

• profit

• labor

• capital

The factor of production "land" is something that comes from nature - a natural resource. Which of the following is not an example of "land"?

• trees

• water

• soil

• money

The factor of production "labor" are the people who do the work. Which is not an example of labor?

• employee

• managers

• entreprenuer

• factory worker

The factor of production "capital" is the equipment, tools, and machines workers use to produce goods and services. Which is not an example of capital?

• truck

• money

• packaging materials

• employer

If you are an entrepreneur, you will

• take a risk

• spend all of your savings

• borrow from investors

• alll of the above

Who lends money in order to earn money?

• entrepreneurs

• investors

• employees

• consumers

A good is something a person can buy. Which is not an example of a good?

• cell phone

• car

• shoes

• teacher