EBM S1 Review Question Preview (ID: 33878)


Strand 1 Review.

The concept that no one can can everything they want. Individuals and societies have to balance wants and needs with limited resources.
a) Scarcity
b) Demand
c) Supply
d) Opportunity Cost

Question ID#: 625967 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Tangible Products - something you can touch that can be exchanged for money
a) Services
b) Goods
c) Wants
d) Needs

Question ID#: 625968 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Intangible Products - things performed for you in exchange for money
a) Goods
b) Wants
c) Services
d) Demand

Question ID#: 625969 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Things used to make goods and/or services
a) Demand
b) Services
c) Goods
d) Resources

Question ID#: 625970 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Everything contained on (or in) the earth
a) Natural Resources
b) Human Resources
c) Capital Resources
d) Business Resources

Question ID#: 625971 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

People who work/labor at a business
a) Natural Resources
b) Human Resources
c) Capital Resources
d) Business Resources

Question ID#: 625972 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Assets used to make goods and services
a) Human Resources
b) Capital Resources
c) Natural Resources
d) Business Resources

Question ID#: 625973 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Tools, Money, Cars, Computers are examples of...
a) Business Resouces
b) Natural Resources
c) Human Resources
d) Capital Resources

Question ID#: 625974 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Owned by many stockholders, pays taxes on profits, has limited liability
a) Sole Proprietorship
b) Franchise
c) Corporation
d) Non-Profit

Question ID#: 625975 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Owned by two or more people. Relatively easy to start. Partners share the liabilities and the profits.
a) Sole Proprietorship
b) Partnership
c) Corporation
d) Franchise

Question ID#: 625976 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

The cost of an alternative that must be forgone (given up) in order to pursue a certain action.
a) Wants
b) Opportunity cost
c) Scarcity
d) Demand

Question ID#: 625977 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

The amount of goods or services a business is will to make or offer at specific prices.
a) Opportunity Cost
b) Law of Demand
c) Law of Supply
d) Capital Resources

Question ID#: 625978 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

The amount of good or services that customers are willing to buy at various prices
a) Law of Demand
b) Law of Supply
c) Equilibrium
d) Resources

Question ID#: 625979 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

The point where the demand line and the supply line meet.
a) Demand
b) Equilibrium
c) Supply
d) Balance

Question ID#: 625980 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Moral principles that govern a person's or a group's behavior
a) Ethics
b) Laws
c) Wants
d) Needs

Question ID#: 625981 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

If something is permitted by law it is.....
a) Moral
b) Ethical
c) Legal
d) Illegal

Question ID#: 625982 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

The exclusive legal right, given to an originator or an assignee to print, publish, perform, film, or record literary, artistic, or musical material, and to authorize others to do the same.
a) Copyright
b) Patent
c) Trademark
d) Logo

Question ID#: 625983 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

A symbol, word, or words legally registered or established by use as representing a company or product.
a) Patent
b) Trademark
c) Copyright
d) Jingle

Question ID#: 625984 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

A license conferring a right or title for a set period to make, use, or sell an invention.
a) Copyright
b) Trademark
c) Patent
d) Slogan

Question ID#: 625985 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Owned by one person. Owner must pay for everything needed for the business. Owner has unlimited liability.
a) Sole Proprietorship
b) Partnership
c) Corporation
d) Franchise

Question ID#: 625986 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

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