Foundations of Business Chapters 1-4

Water, air, and minerals are examples of

• consumer resources
• natural resources
• human resources
• capital resources

What is economy?

• A way of managing resources in a country

• A large amount of money needed to start a business

• An emergency situation

• The quantity of something that people are willing to buy

What is an entrepreneur?

• A manager

• A person who sets up businesses

• A founder of companys

• An assistant

Trademark is...?

• a symbol of company

• a financial gain

• a budget

• a crisis

How do we call customers and an area where something is sold?

• A capital

• A market

• A firm

• A measure

What does a stakeholder do?

• Cooks

• Examines accounts

• Makes bags

• Grows flowers

What is supply?

• A financial plan

• The quantity of something that people are willing to sell

• Increase in prices

A ______________ is anything that can be bought or sold

An organized way in which a state or nation distributes its resources is

• A tax

• An economic system

• Business ethics

True or False

Assets are what a business owes; Liabilities are what a business owns

• True

• False