1.01, 1.02, 1.03, 1.04

MILLIONAIRE SCOREBOARD $100 $200 $300 $500 $1,000 $2,000 $4,000 $8,000 $16,000 $32,000 $64,000 $125,000 $250,000 $500,000 $1 MILLION Click the $ for questions

Entrepreneurial resources are BEST described as:  A: An initiative to combine natural, human and capital resources to produce goods or services A:  B: People who contribute physical and mental energy to the production process B:  C: Raw materials from the earth, water or air used to produce goods C:  D: Tools, equipment and buildings used to produce goods and services D: $100 Question Click on the letter of the correct answer 1.01

INCORRECT! TRY AGAIN!

SCORE $100 Click on the money bag to return to the scoreboard Correct!

Human resources are BEST described as:  A: An initiative to combine natural, human and capital resources to produce goods and services A:  B: People who contribute physical and mental energy to the production process B:  C: Raw materials from the earth, water or air used to produce goods C:  D: Tools, equipment and buildings used to produce goods and services D: $200 Question Click on the letter of the correct answer

INCORRECT! TRY AGAIN!

SCORE $200 Click on the money bag to return to the scoreboard Correct!

An economic system in which the government owns major industries but allows private ownership of other business is called:  A: Capitalism A:  B: Communism B:  C: Socialism C:  D: Traditionalism D: $300 Question Click on the letter of the correct answer

INCORRECT! TRY AGAIN!

SCORE $300 Click on the money bag to return to the scoreboard Correct!

People who contribute physical and mental energy to the production process are called:  A: Capital resources A:  B: Entrepreneurial resources B:  C: Natural resources C:  D: Human resources D: $1,000 Question Click on the letter of the correct answer

INCORRECT! TRY AGAIN!

SCORE $500 Click on the money bag to return to the scoreboard Correct!

$1000 Question  A: Capital A:  B: Entrepreneurial B:  C: Human C:  D: Natural D: $1,000 Question Click on the letter of the correct answer The initiative to combine natural, human and capital resources to produce goods or services is an example of what kind of resources?

INCORRECT! TRY AGAIN!

SCORE $1,000 Click on the money bag to return to the scoreboard Correct!

$2000 Question  A: Traditionalism:  B: Capitalism B: C:C: Communism  D: Socialism D: $2,000 Question Click on the letter of the correct answer An economy in which people do things the way they have always been done is called:

INCORRECT! TRY AGAIN!

SCORE $2,000 Click on the money bag to return to the scoreboard Correct!

$4000 Question  A: Intermediate A:  B: Short- term B:  C: Long-term C:  D: Lifetime D: $4,000 Question Click on the letter of the correct answer Susan set a goal to make 95 on her accounting exam. What kind of goal is this?

INCORRECT! TRY AGAIN!

SCORE $4,000 Click on the money bag to return to the scoreboard Correct!

$8000 Question  A: Values A:  B: Goals B:  C: Decisions C: D:D: Resources $8,000 Question Click on the letter of the correct answer Desirable beliefs and principles are called:

INCORRECT! TRY AGAIN!

SCORE $8,000 Click on the money bag to return to the scoreboard Correct!

$16000 Question  A: Citizen A:  B: Seller B:  C: Consumer C:  D: Worker D: $16,000 Question Click on the letter of the correct answer A person who purchases and uses goods and services is called:

INCORRECT! TRY AGAIN!

SCORE $16,000 Click on the money bag to return to the scoreboard Correct!

$32000 Question  A: Inflation A:  B: Opportunity cost B: C:C: Productivity  D: Standard of living D: $32,000 Question Click on the letter of the correct answer A measure of how well people in a country live is called:

INCORRECT! TRY AGAIN!

SCORE $32,000 Click on the money bag to return to the scoreboard Correct!

$64000 Question  A: Citizen A:  B: Professor B:  C: Seller C:  D: Worker D: $64,000 Question Click on the letter of the correct answer In a free enterprise system, voting is a responsibility of an individual’s role as a:

INCORRECT! TRY AGAIN!

SCORE $64,000 Click on the money bag to return to the scoreboard Correct!

 A: Clothing A:  B: Food B: C:C: Shelter D:D: Entertainment $125,000 Question Click on the letter of the correct answer The greatest proportion of consumer income is spent on: $ Question

INCORRECT! TRY AGAIN!

SCORE $125,000 Click on the money bag to return to the scoreboard Correct!

$ Question  A: Increase sales (exposure) A:  B: Increase price B:  C: Decrease cost C:  D: Decrease price D: $250,000 Question Click on the letter of the correct answer What would NOT help a company increase profits?

INCORRECT! TRY AGAIN!

SCORE $250,000 Click on the money bag to return to the scoreboard Correct!

$ Question  A: Plus expenses A:  B: Minus expenses B:  C: Minus taxes paid C:  D: Plus taxes paid D: $500,000 Question Click on the letter of the correct answer A company’s profit is determined by sales:

INCORRECT! TRY AGAIN!

SCORE $500,000 Click on the money bag to return to the scoreboard Correct!

$1 Million Question  A: Distributors A:  B: Manufacturers B:  C: Processors C:  D: Retailers D: $500,000 Question Click on the letter of the correct answer Businesses that change natural materials (raw goods) into a more finished form for manufacturers to process further are called:

INCORRECT! TRY AGAIN!

SCORE $1 MILION Correct!