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BF10 2.03-2.05 Study

Authored by Ashley Faulkner

Business

9th Grade

Used 25+ times

BF10 2.03-2.05 Study
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economic system that adopts the fewest new ideas or improvements is:

communist

market

socialist

traditional

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a socialist economy, what determines how basic economic questions are answered?

government

products

resources

retailers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economy is based on public or governmental ownership of the production and distribution of goods?

capitalist

mixed

socialist

traditional

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under which type of economy does the government own the basic means of production, but with some private ownership of businesses?

command

communism

entrepreneurship

socialism

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the economic basis for the private enterprise economic system?

competition

the marketplace

the motive of profit

manufacturer supply chain

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor is a barrier to small-business and entrepreneurial success?

poor management

no vision for expansion

having a clear strategic vision

having a surplus of employees

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A small business is defined as a business employing fewer than how many people?

500

750

1,000

1,500

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