INTRO TO BUSINESS - CHAPTER 1

Front

Which of the following is correct? A need is necessary for survival, Examples of capital resources are water, iron, air, or gold, Human resources are also called people, Services are things you can buy, like ice cream or textbooks

Back

A need is necessary for survival

Front

Which is an example of a service? Options: Smart Board, Hair stylist, Piece of paper, Homeless man

Back

Hair stylist

Front

Things that you can see and touch are

Back

Goods

Front

How many steps are in the economic decision making process?

Back

6

Front

When you go to a movie, make a deposit at the bank, get a haircut, take a swimming lesson, use your telephone, or ride a bus, you are using services.

Back

True

Front

Wants are limited: True or False?

Back

False

Front

The first step in the economic decision-making process is to evaluate the advantages and disadvantages of each choice.

Back

False

Front

Things that add comfort and pleasure to your life.

Back

Wants

Front

Do all businesses manufacture products?

Back

No, not all businesses manufacture products.

Front

The money left over after a business has paid all the costs of operating the business is

Back

profit