Entrepreneurship Chapter 2

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Block

• 1st Block
• 3rd Block

The psychologist who developed a theory on the hierarchy of needs?

• Abraham Maslow
• Karl Jung
• Sigmund Freud
• Terrence McKenna

Things that you think you must have in order to feel satisfied are called?

• needs
• preferences
• goals
• wants

According to the theory of the hierarchy of needs,

• everyone's needs will eventually be satisfied.
• everyone has the same needs.
• people must satisfy lower-level needs before focusing on higher-level needs.
• people should focus on self actualization prior to any other wants.

An example of a noneconomic want is?

• clothing
• housing
• friendship
• cars

The three types of economic resources an entrepreneur may use are called?

• supply curves
• factors of production
• production hierarchies
• factors of consumption

Raw materials supplied by the environment are called?

• human resources
• capital resources
• natural resources
• monetary resources

Capital resources include buildings and equipment?

• True
• False