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WorksheetsUnit Two Quiz
Total questions: 20
Worksheet time: 10mins
What a company declares the first day they decide to sell stock
Initial Public Offering (IPO)
The Law of Scarcity
Needs vs. Wants
Opportunity Cost
What a company wants to raise when they issue an IPO?
Interest
Awareness
Appreciation
Capital
How many companies are in the Dow Jones Industrial Average?
30
400
500
5000
How many companies are in the S&P 500?
30
400
500
5000
Which company is most likely in the Dow Jones?
Chips
McDonalds
Scotty's Pizza
YMCA
Money, Time and Resources are considered this:
Services
Goods
Needs
Scarce
Schools, Police, Fire Department are considered these:
Services
Goods
Needs
Scarce
The benefit of one economic choice over another economic choice?
Opportunity Cost
Scarcity
Goods
Services
A person who turns a good idea into a business?
Entrepreneur
Producer
Consumer
Shareholder
The production, consumption and distribution of goods and services?
Scarcity
Opportunity Cost
Economics
Supply and Demand
When Supply is High and Demand is Low, what happens to Price naturally?
Goes Up
Goes Down
Stays the Same
When Demand is High and Supply is Low, what happens to Price naturally?
Goes Up
Goes Down
Stays the Same
What happens to Profits when Supply and Demand are Equal?
Nothing
Equilibrium (Profits)
Something Terrible
Bankruptcy
The most popular form of business in America? (Over 70% of businesses are this kind)
Corporation
Partnership
Sole Proprietorship
Non Profit
This type of business has an unlimited life:
Corporation
Partnership
Sole Proprietorship
Non Profit
This type of business shares their profits with all their owners:
Corporation
Partnership
Sole Proprietorship
Non Profit
This business is set up not to make money, they also don't pay property taxes either.
Corporation
Partnership
Sole Proprietorship
Non Profit
Less than 20% of all workers are Entrepreneurs, what percent of all the millionaires are Entrepreneurs?
20%
40%
50%
67%
What percent of all small businesses fail within the first 5 years?
10%
30%
50%
90%
The skills, education and work ethic within an individual?
Needs vs. Wants
Supply and Demand
Human Capital
Opportunity Cost
