NEW
Font size
S
M
L
XL
WorksheetsConsumer Rights
Total questions: 14
Worksheet time: 7mins
Name
Class
Date
1.
a person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business.
a)
Entrepreneur
b)
Manager
c)
Owner
d)
Boss
2.
a business that operates on the Internet. Many dot-com companies make shopping easier and more efficient for consumers.
a)
Internet
b)
Partnership
c)
Cooporation
3.
a corporation holds a firm's owners responsible for no more than the capital that they have invested in it.
a)
Limited liability
b)
Full liability
c)
Partial liability
4.
Small Business Administration
a)
SBA
b)
SMA
c)
FBA
5.
Consumers should be protected against goods that are hazardous to health or life.
a)
Right to Safety
b)
Right to Consumer Education
c)
Right to Justice
6.
John F. Kennedy
Richard M. Nixon
Gerald R. Ford
Richard M. Nixon
Gerald R. Ford
a)
3 Presidents
b)
3 Presidents who updated the consumer Bill of Rights
c)
3 Presidents who are not longer alive.
7.
the amount of goods and services consumers are will to purchase.
a)
Demand
b)
Supply
c)
Cost
8.
amount of goods and services available for purchase.
a)
Demand
b)
Supply
c)
Quantity
9.
Any place where buyers and sellers meet to exchange goods and services.
a)
Trade
b)
Market
c)
Economy
10.
1. Supply can decrease.
2. Supply can increase.
3. Demand can decrease.
4. Demand can increase.
2. Supply can increase.
3. Demand can decrease.
4. Demand can increase.
a)
Four Seasons
b)
Four Rules of Economy
c)
Four Market Behaviors
11.
Tax on the value of goods and services purchased & is the leading source of revenue for many state governments.
a)
Sales Tax
b)
State Tax
c)
Income Tax
12.
Things that you must have in order to survive.
a)
Want
b)
Need
c)
Inspiration
d)
Goals
13.
Any place where a country utilizes the production, distribution and consumption of goods & services.
a)
Economic System
b)
Market System
c)
Market Place
14.
What economic system do most world economies fall into?
a)
Mixed
b)
Market
c)
Command
Reset
