What industry to migrant workers play an important role in?
What is the farming industry?
100
Computers have greatly affected jobs in Michigan. What are three ways they've affected jobs?
What is made some jobs unnecessary, created new jobs and require workers to have more education?
100
What is the goal of competition in business?
What is to win more customers?
100
What did we chose to do for a classroom business?
What is to sell cupcakes and doughnuts?
200
What three things are needed to start a business?
What is capital resources, money from investors, and a product or service to sell?
200
What is an example of a service industry?
What is tourism?
200
Who is our biggest trading partner?
What is Canada?
200
What is a corporation?
What is a business that belongs to many people?
200
What was the purpose of us starting our classroom business?
What is to earn enough money so that we could go on a third grade field trip?
300
What is another name for a business owner?
What is an entrepreneur?
300
What is an import?
What is things that are brought into this country?
300
What do biotechnology companies use living things to make?
What is new medicines?
300
Why is Michigan's economy called a free enterprise economy?
What is so people are free to start their own business?
300
What did we have to do to figure out how much money we needed to make?
What is made up a financial plan to figure out how much our trip would cost?
400
What is an example of a capital resource?
What is machines to make a product?
400
What is Michigan's biggest export?
What is cars and trucks?
400
What caused Michigan's auto industry to close many plants in the 1970s?
What is Competition from foreign companies?
400
Summarize the risks an entrepreneur faces?
What is consumers might not buy their product or service, their costs might be higher then the money they get from sales, and competition can hurt them?
400
What did we have to do to inform everyone about the product we were selling?
What is create advertisements on the announcements and signs in the school?
500
Why do entrepreneurs need human capital?
What is to work in their companies?
500
What high technology industry is one of Michigan's top exports?
What is computers and electronics?
500
What is an export?
What is items that are sold to other countries?
500
Compare the roles of the entrepreneur and the consumer.
What is the entrepreneur starts a business to offer or product or service to the public and the consumer buys the product or service?
500
What was the goal we had to reach for our class to participate in the fieldtrip?
What is raise $150.00 for admission and ask the parent group for transportation costs?