Economics

Economics

Assessment

Flashcard

8th Grade

Hard

Created by

Wayground Content

FREE Resource

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26 questions

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1.

FLASHCARD QUESTION

Front

An entrepreneur must do all of these EXCEPT.... create a business plan, establish protocols that will generate a profit, Get permission from the Federal Bureau of Investigation

Back

Get permission from the Federal Bureau of Investigation

2.

FLASHCARD QUESTION

Front

For an entrepreneur to avoid making a loss they must innovate in all of the following ways EXCEPT....
reducing the cost of providing goods and services,
attempt to improve product quality and service,
attempting to place their family in positions of power

Back

attempting to place their family in positions of power

3.

FLASHCARD QUESTION

Front

Raw Materials are considered factors of production.

Back

True

4.

FLASHCARD QUESTION

Front

This GA entrepreneur owns the Home Depot, Falcons, and Atlanta United.

Back

Arthur Blank

5.

FLASHCARD QUESTION

Front

Match this definition to the term: the amount of money an entrepreneur or business earns after paying their expenses.

Back

Profit

6.

FLASHCARD QUESTION

Front

Match this definition to the term: a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so

Back

entrepreneur

7.

FLASHCARD QUESTION

Front

How does Georgia's business infrastructure help Agriculture be a leading industry?

Back

by helping provide the means to get agriculture goods to market faster

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