Home Library Explore SAT

Home Library Explore SAT

Business Basics Flashcards | StudBud

Explore/Business Basics

Which is NOT a factor of production?

During what era did the US experience mass production as factories replaced skilled artisans?

Business Basics

10 terms·StudBud Administration·119 plays

#business #basics #marketing #factorsofproduction

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
During what era did the US experience mass production as factories replaced skilled artisans?
Industrial Era
Entrepreneurship Era
Marketing Era
Production Era
2
Which is NOT a factor of production?
natural resources
capital
kinetic energy
human resources
3
Henry Ford changed the production process by introducing the assembly line during which era?
Relationship Era
Production Era
Entrepreneurship Era
Industrial Era
4
What are the 2 NOTS in regards to the factors of production?
they are NOT useful or natural
they are NOT free or created equal
they are NOT fun or interesting
they are NOT expensive or important
5
Knowledge is what?
a waste of time
POWER
unimportant
boring
6
What are human resources?
inputs that offer value in their natural state
the people who take the risk of launching their own business
the people that get paid to work for a business
the stuff businesses use to produce goods or services
7
People who start their own business are called what?
entrepreneurs
Risk-takers
profit margins
business men and women
8
Which is an organization that provides goods or services in an effort to make a profit?
profit
capital
business
entrepreneur
9
The 4 basic resources businesses need to reach their goals are called what?
the factors of production
the production era
business basics
the 4 food groups
10
What is profit?
extra money you get to keep
an organization that provides goods or services
the old, bald guy from Shark Tank
a person who risks their own money to start a business