What's a business transaction?

a financial event that causes a change

So, what's the most common way to fund a business?

borrowing money from family and friends, using your own savings

A not-for-profit business....

Matches its expenses with its revenue

What is an entrepreneur?

someone who starts their own business

When you're an Entrepreneur, you can-

Contribute to the local economy.

A merchandising business.....

Buys products and resells them for a profit

How might an entrepreneur demonstrate initiative?

Take action before anyone else does to make the most of an opportunity.

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Questions 21

Answers

1
what are the basic things studied in economics
none of the above
land,minerals,water
labor,employers
land,labor,capital
2
What's a business transaction?
a financial event that causes a change
a financial event that causes a error
a financial event that causes a decrease
a financial event that causes a increase
3
Which type of business ownership has one owner?
Partnership
Corporation
LLC
Sole Proprietorship
4
So, what's the most common way to fund a business?
borrowing money from family and friends
a bank loan
using your own savings
a business angel
5
What should you do at the very end of an interview?
Hand them your resume
Thank them for the opportunity
Talk about your skills
Give them a hug
6
Who is this Entrepreneur?
Walt Disney
Richard Branson
Elon Musk
Jayzee
7
A share of ownership
Charter
Stock
Inflation
Interest
8
A not-for-profit business....
Matches its expenses with its revenue
Makes money for its owners
Makes money for its stockholders
9
What is an entrepreneur?
someone who sells computers
someone who starts their own business
someone who invents their own product
a type of doctor
10
To have to profit or loss at the end of a business activity is to...
lease
survive
fail
break even
11
When you're an Entrepreneur, you can-
Give your employees a hard time.
Since you're the boss, you don't have to contribute to the company.
Contribute to the local economy.
Commit war crimes.
12
A person that starts his or her own business
advisor
entrepreneur
borrow
cash-flow
13
Which type of business ownership has "double taxation?"
nonprofit corporation
C corporation
Sole proprietorship
limited liability corporation
14
Which are the most common form of business ownership in the US?
Non-Profit corporation
Sole proprietorship
Corporation
Partnership
15
A merchandising business.....
Takes raw materials and turns them into a finished product
Provides a service for a fee
Buys products and resells them for a profit
doesn't do much
16
A business that purchases and resells goods.
Wholesale Merchandising Business
Merchandising Business
Retail Merchandising Business
Business
17
How might an entrepreneur demonstrate initiative?
Be clear and easy to understand
Make Friends
Take action before anyone else does to make the most of an opportunity.
Forget things
18
The basics of managing money is knowing your
Wants
Needs
Magical Abilities
Greatest Passion in Life
19
Economics is the __?__
way people make a living
way governments help control production and consumption
way countries decide how to produce and distribute goods
All of the above
20
Economics is the study of...
how people make decisions
trade
opportunity cost
money
21
Name The Entrepreneur
BILL GATES
GRIZZ MAURIZZ
ELLEN ANDY
TONY BOLT

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