CDA 2 - Entrepreneurship And The Economy Review Question Preview (ID: 22506)


Entrepreneurship CDA 2. TEACHERS: click here for quick copy question ID numbers.

Who decides how products are produced in a market economy?
a) businesses
b) consumers
c) government
d) labor

Who do retailers sell directly to?
a) wholesalers
b) retailers
c) consumers
d) industries

What is the organized way a nation provides for the needs and wants of the people?
a) capital
b) resources
c) pure command
d) economy

Which type of corporation is most common and expensive to set up?
a) nonprofit corporation
b) limited partnership
c) C-corporation
d) S-corporation

Partnerships must have at least one what?
a) general partner
b) limited partner
c) limited liability status
d) nonprofit status

What is one disadvantage of a sole proprietorship?
a) financial
b) creativity
c) cost of forming
d) loss of freedom

What helps an entrepreneur determine if a new business has potential?
a) capitalism
b) feasibility analysis
c) business plan
d) marketing plan

A key element in a market economy between similar businesses
a) Competition
b) Service
c) Low prices
d) Exporting

A new business is likely to succeed if...
a) The entrepreneur plans and manages properly
b) There a tax breaks
c) The entrepreneur has enough money to invest
d) The entrepreneur tries hard enough

What is demand?
a) Goods or services that producers are willing to provide
b) When resources are limited in supply
c) Goods/services that consumers are willing and able to buy
d) A basic requirement for survival

Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 22506 in the upper right hand corner or click here.

TEACHERS / EDUCATORS
Log In | Sign Up / Register

Help / Support / FAQ




Gaming Links