Entrepreneurship and Georgia's Economy Quiz 50 bc

What is an entrepreneur?

• A person who works for a company

• A person who starts a business and takes risks to develop new goods and services

• A person who only buys products

• A person who only invests in stocks

Which of the following is an example of a primary source an entrepreneur might use?

• A textbook summary

• An interview with a successful business owner

• A movie about business

• A fictional story

Which industry in Georgia is known for producing crops like peanuts and peaches?

• Technology

• Entertainment

• Agricultural

• Manufacturing

What is a secondary source that could help evaluate the economic impact of an industry?

• A personal diary from a farmer

• A government report with statistics

• A live interview with a CEO

• A sample product from a factory

Why do entrepreneurs take risks when starting a business?

• To avoid making money

• To develop new goods and services that might succeed in the market

• To follow the same path as everyone else

• To guarantee success without effort

If you were given a graph showing the number of jobs in Georgia's technology industry over the past 10 years, what could you determine from it?

• The taste of Georgia's peaches

• The trend in technology industry employment

• The names of all technology companies

• The weather in Georgia

How might a service industry impact Georgia’s economy differently than the manufacturing industry?

• By producing more physical goods

• By providing intangible services like healthcare or tourism

• By growing crops

• By mining minerals

Which of the following best describes how to use a diagram to evaluate the economic impact of Georgia’s entertainment industry?

• By reading a fictional story about Georgia

• By analyzing the diagram to see how much revenue the industry generates compared to others

• By guessing the impact without looking at data

• By ignoring the diagram

Suppose you are given graphs showing the economic contributions of agricultural, entertainment, manufacturing, service, and technology industries in Georgia. How would you determine which industry has the greatest impact?

• By choosing your favorite industry

• By comparing the data in the graphs to see which industry contributes the most to the economy

• By ignoring the graphs

• By asking a friend

Imagine you are an entrepreneur in Georgia deciding which industry to start a business in. Using primary and secondary sources, how would you evaluate the risks and potential economic impact of your choice?

• By only guessing which industry is best

• By researching data, interviewing experts, and analyzing industry trends to make an informed decision

• By picking randomly

• By ignoring all available information