Entrepreneurs

Who starts a business?

• inventor

• congressman

• president

• entrepreneur

What is left after the business pays for everything it uses to provide goods and services.

• cash

• capital

• profit

• resource

Who are the people who buy a good or service?

• manager

• employee

• consumer

• entrepreneur

The factor of production "land" is something that comes from nature - a natural resource. Which of the following is not an example of "land"?

• trees

• water

• soil

• money

If you are an entrepreneur, you will

• take a risk

• spend all of your savings

• borrow from investors

• alll of the above

Who lends money in order to earn money?

• entrepreneurs

• investors

• employees

• consumers

A good is something a person can buy. Which is not an example of a good?

• cell phone

• car

• shoes

• teacher

A service is something someone provides. Which is not an example of a service job?

• mail man

• teacher

• factory worker

• beatician

What is the amount of a product offered for sale?

• demand

• good

• service

• supply

What is the need for a product or service that people are willing to pay for?

• good

• supply

• demand

• specialty