Studies Weekly, Week 20

Which words describe a corporation?

• a large business

• a small business

• a building

• an employee

Why do business owners want to make a profit?

• Producers will be upset with businesses if they do not make a profit.

• Employees will not work for the business unless they make a profit.

• Customers will not buy goods or services if they don't make a profit.

• The money can be used to improve the business.

What is a consumer?

• Someone who owns a business.

• Someone who buys goods or services.

• Someone who hires employees.

• Someone who makes a profit.

How would a teenager probably feel after working and earning money during the summer?

• Angry that he didn't get to sleep late.

• Disappointed that he does not have any money to spend.

• Proud that he learned new skills.

• Happy that he will never have to work again.

Why did Mr. Kroc want to open more restaurants like the McDonald's brothers' store?

• He wanted to make the business successful and provide goods and services to customers.

• He wanted to take over with world with burgers and fries.

• Ronald McDonald told him to do it.

• Everyone should eat Big Macs.

How do you know McDonald's is a CORPORATION?

• It is a very small company with few locations.

• It is a large company with many locations.

• It has employees.

• Employers pay salaries

What is a Free Enterprise System?

• A system where everything you want to buy is free.

• A system where employees work for free.

• If you enter, you get a prize.

• An economic system where citizens do not need the government's permission to work at a certain job or open a business.

Which shows the correct way to show what expenses and profits are?

• Supplies + Electricity = Profit

• Income - Expenses = Profit

• Budget + Income = Profit

• Consumer - Income = Profit

What is the main idea of Mr. La's Big Dream?

• Mr. La had a dream about owning his own business and he worked to make it come true.

• Mr. La liked to eat noodles.

• Owning a restaurant is not a good idea.

• If you dream about things, you can eat noodles.

What is the name of our nation's capital?

• Austin

• Washington, D.C.

• America

• North America