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Economic Resources Flashcards | StudBud
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Economic Resources
Economic Resources
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StudBud Administration
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4 Resources 3 types of Business Ownerships
Flashcards
20 cards
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Questions
20
Answers
1
Anything that is not man-made that you use to start or have a business.
Natural Resources
Capital
Entrepreneurship
Human Resources
2
What type of resource is this?
Entrepreneurship
Capital
Human
Natural
3
What type of resource is this?
Natural
Entrepreneurship
Human
Capital
4
What type of resource is this?
Capital
Human
Entrepreneurship
Natural
5
A person who takes a risk to produce goods and services in order to make a profit.
Human Resources
Natural Resources
Entrepreneurship
Capital
6
You and the people that start or work for your business.
Entrepreneurship
Natural Resources
Human Resources
Capital
7
What type of resource is this?
Human
Natural
Capital
Entrepreneurship
8
The factors that are used in the production of goods and services.
Competition
Resources
Corporation
Entrepreneur
9
What type of resource is this?
Entrepreneurship
Capital
Natural
Human
10
What type of business?
Corporation
Partnership
Proprietorship
11
What type of resource is this?
Entrepreneurship
Capital
Human
Natural
12
What type of business?
Proprietorship
Corporation
Partnership
13
One owner who takes all the risks and all of the profits.
Proprietorship
Partnership
Corporation
14
Two or more owners who share the risks and the profits.
Corporation
Partnership
Proprietorship
15
What type of business?
Partnership
Proprietorship
Corporation
16
Authorized by law to act as a legal person. Many owners who share the profits.
Proprietorship
Partnership
Corporation
17
One person who is the owner, takes all the risks, runs the business the way he wants to.
Entrepreneur
Factory Worker
Human Resource
Governor
18
What type of resource is this?
Human
Entrepreneurship
Capital
Natural
19
Anything that is used to run your business. (Money, Tools, Inventory)
Entrepreneurship
Human Resources
Capital
Natural Resources
20
What type of resource is this?
Natural
Entrepreneurship
Human
Capital
