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WorksheetsAmerican Free Enterprise Pre-Test
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
In the United States, you may_______________.
a)
start your own business to meet a need
b)
decide what fees to charge for a service or product
c)
own and run any business as long as the laws are obeyed
d)
all of the answers are correct
2.
A business firm must constantly try to provide the________services and create the best products at the________possible prices.
a)
least - lowest
b)
best- highest
c)
best –lowest
d)
least - highest
3.
How consumers choose to spend their money causes business firms of all kinds to________
a)
have their goods made in foreign countries.
b)
produce only what the business wants to produce.
c)
produce certain goods and services and not others.
d)
produce as many kinds of goods and services as possible.
4.
In the American Free Enterprise System, you have the right to buy or sell private property.
a)
True
b)
I do not believe that people should own property, or have the right to buy or sell it.
c)
False
5.
In the American Free Enterprise System, a business should keep ______down to increase income.
a)
innovation
b)
sales
c)
costs
d)
production
6.
Advances in technology are generated by_______________.
a)
major corporations
b)
people's needs
c)
corporate advertising
d)
other countries
7.
Any form of wealth such as cash, stock, buildings, machinery, and land are all forms of capital.
a)
False
b)
True
8.
Time is an increasingly important___________.
a)
resource
b)
development
c)
medical development
d)
part of the industrial complex
9.
Everyone in today's technological world uses____________
a)
telecommuting
b)
cell phones
c)
financial resources
d)
information
10.
Data processing is the act of turning data into useful_________
a)
information
b)
parts
c)
game strategy
d)
political views
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