Mod 3. exam Review

Mod 3. exam Review

12th Grade

30 Qs

quiz-placeholder

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Mod 3. exam Review

Mod 3. exam Review

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Derek Wotton

Used 34+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An entrepreneur is best defined as a person who

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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