Which of the following is a natural resource?

Out of the four factors of production, an employee of a business such as a cashier or bank teller, is part of ____.

Rob needs money, equipment and a building to begin his business. These items are best referred to as ____.

When you must choose between two alternatives such as buying a new video game or going to see a movie with friends, you are making ____.

Food, clothing, and water are examples of ____.

Not having enough resources to satisfy every need or want is called

When your business earns more money from sales than it has expenses, you will earn

In branding, the “friendly” color, as used in the logo for Nickelodeon, is

Which of the following is not considered one of the three economic roles individuals participate in?

When demand is high, like Tickle Me Elmo was in the 1990s, prices tend to be _____

Factors of production are also called

The economy of the USA is called

When compared to the past, today's small-business owners are more likely to be ____.

All businesses start with a(n)

A reason for becoming an entrepreneur is ____.

Which of the following would be a negative aspect of owning your own small business?

Which of the following is not a characteristic of a successful entrepreneur?

Which of the following is one of the top reasons for small business failure?

A design unique to a company; eg. Nike’s Swoosh

A name, symbol, word or design that identifies a product,service or company

In designing a logo, the color purple (as in Yahoo! and Barbie) signifies

In what level of brand recognition are consumers unable to identify the brand

In what level of brand recognition do consumers refuse to buy a product because of its brand?

In what level of brand recognition do we value a brand to the extent that we reject all others; eg. you are loyal to and only buy Apple products

An individual’s right to own, use and get rid of his/her possessions is the right of

Which of the following entrepreneurs was told (s)he lacked creativity?

Which of the following entrepreneurs was fired from his/her own company?

A business owned by one person

A business owned by 2 or more people

A business owned by stockholders

A chain store; eg. McDonalds, Subway, etc.

Money paid to the landlord for the use of their property

A person who owns a property and chooses to allow others to live there for rent

Money paid to the landlord for the use of their property

A person who rents property from an owner is called

A payment to the bank to pay off the loan used to purchase housing

Any place where buyers and sellers exchange goods, services and some form of money is called a

The ability to develop new ideas is called

An invention or creation that is brand new is called

An economic role; someone who votes and pays taxes

Things that add comfort and pleasure, but are not needed for survival are considered

A brand new car will keep you happy for a while. Eventually, you will trade it in for another brand new car. This is an example of how our wants are ____________________.

_____is the process of starting, organizing, and managing a business.

The portion of people in the labor force who are not working are considered

An economic system in which the government controls all resources; eg. North Korea

The rivalry among businesses to sell their goods and services, like Wendy’s and McDonalds or Apple and Microsoft, is called

The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future, can happen using

When a corporation earns profits they can either use the profits to expand their business or split the profits between all shareholders which are also called

In branding, the "peaceful" color, as in John Deere and Starbucks, is

An economic system that combines parts of capitalism and parts of communism, as in Canada, is called

An economic system in which each new generation retains the economic position of its parents and grandparents and change happens slowly is called

Stockholders share ____ with the other owners of the corporation

The stock exchange where all transactions take place electronically

The stock exchange located in New York where transactions take place in person

A market in which share prices are rising, encouraging buying.

A market in which prices are falling, encouraging selling.

A company owned by a person, family, or small group of investors that does not sell stock to the public.

A company owned by investors who buy shares of stock usually through a stock exchange.

A collection of investments owned by one individual or organization.

The first issue of stock for public trading made by a company

Some resources, such as clean air, oil and water, are limited.

Freedom of choice is one of the important rights of capitalism.

In a system of capitalism, individuals have no choices as the government makes all the decisions.

Success in your role as a worker will affect your standard of living.

Competition is bad for consumers.

When you pay your taxes, you are performing your citizen role.

The profit motive (being able to make as much money as you are able to) provides incentive for business owners to work hard.

Where others see problems, entrepreneurs recognize opportunities