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Entrepreneurship Chapter 2.1 Flashcards | StudBud
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Entrepreneurship Chapter 2.1
Entrepreneurship Chapter 2.1
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StudBud Administration
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#entrepreneurship #chapter 2
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Select 1 of the types of economic resources entrepreneurs may use A.K.A. Factors of Production
Economic Resources
Human Resources
Capital Resources
Natural Resources
2
Your needs are...
things that you think you must have in order to be satisfied
things that you must have in order to survive.
things you think you must have in order to start a business.
3
Economic resources are the means through which goods and services are produced.
False
True
4
Resources that are in very high demand or that have a limited supply will command high prices.
True
False
5
Some economies have the resources necessary to satisfy all of the wants of all people.
True
False
6
Noneconomic wants
sunshine, fresh air, exercise
Clothing, housing and cars.
7
Economic wants
sunshine, fresh air, exercise
Clothing, housing and cars.
8
Your wants are...
things that you think you must have in order to be satisfied
things that you must have in order to survive.
things you think you must have in order to start a business.
9
There are 3 types economical of wants
True
False
10
Who developed the hierarchy of needs?
Abraham Maslow
Timothy Nelson
Michael Jackson
Abraham Madison
