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Chapter 3 Sports and Entertainment Assessment Review

Authored by Lenora Manna

Business

9th - 12th Grade

Used 10+ times

Chapter 3 Sports and Entertainment Assessment Review
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35 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic impact is the effect produced by decisions made by consumers and businesses.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a business does not make enough revenue to cover its expenses, it operates at a profit.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of how goods and services are produced, distributed, and consumed is called marketing.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Building a company without outside assistance is often referred to crowdsourcing.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Venture capital is financing provided to start a company in return for owning part of the company.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Risk cannot be controlled and must always be covered by purchasing insurance.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because people have limited time and money to spend on entertainment , they must make decisions about how to spend their limited resources.

True

False

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