PRIN BUS, MKT, & FIN - Fall 2021 Final Exam

• need
• want

• need
• want

Does this person provide a good or a service?

• good
• service

Does this person provide a good or a service?

• good
• service

What is an example of human capital?

• a country's standard of living
• the cash a business has to spend
• the workers of a business or country
• the buildings, equipment, and property of a business

Which is an example of human capital?

• Education
• Roads
• Factories
• Machinery

Your friend and you decide to open a snow cone stand. The stand and the snow cone machine are examples of which factor of production?

• Natural Resources
• Capital Resources
• Entrepreneurship 
• Labor Resources 

Waiters, police, nurses, office workers, and truck drivers are all examples of what type of industry?

• Manufacturing 
• Service
• Agriculture 
• Mining

What is an example of a Natural Resource?

• Paper
• GMO Food
• Vegetation

Things available to be used to produce goods and services

• goods

• market price

• demand

• economic resources