An entrepreneur is best defined as a person who

Mod 3. exam Review

Quiz
•
Social Studies
•
12th Grade
•
Hard

Derek Wotton
Used 34+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
manages a business
is a role model for young Americans
manages the finances of a large corporation
takes financial risk to try new business ideas
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Samuel F.B. Morse patented the
telegraph
automobile
audio recorder
radio transmitter
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are starting a lawn care business. Which of the following would be a needed land resource?
Lawns
Oil
Lawnmower
Hedge clippers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your friend wants to open a clothing shop. A necessary capital resource is a
place to open the shop
knowledgeable fashion manager
license to conduct business
highway billboard for advertising
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Meg and her mother are opening a cupcake shop. They buy an oven, a walk-in cooler, and a decorating table. In terms of factors of production, what are these items?
Capital
Entrepreneurship
Labor
Land
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jessica is a violinist who believes she can extend her method of learning music to early childhood education. She opens a preschool in her hometown, using her expertise to form an arts-based program. What factor of production is this?
Capital
Entrepreneurship
Labor
Land
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your friend likes to direct all the activities of his business. It would be best for him to create a
limited liability company
sole proprietorship
corporation
partnership
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