Economics
Everyone has unlimited wants
What is Insatiability?
True or false. The sole proprietorship is a buisness that is owned and managed by multiple people.
False
The founder of Microsoft
Bill gates
Someone who takes the initiative to start and operate a buisness
What is an entrepreneur?
This dog’s name sounds like a sneeze
Shih tzu
Value of a good or service
What is economic value?
The person who has sole ownership of a small buisness.
The proprietor
The founder of facebook
Mark Zuckerberg
This is a process that requires hard work, perseverance, and the willingness to assume some degree of risk.
What is entrepreneurship?
How many species of dogs are there?
In between the 300 and 340 range
This man wrote the book about the principles of Economics?
Who is Carl Menger?
True or false. The proprietor does not receive all profits from the operation of the buisness.
False
This man purchased the McDonald’s franchise in 1954
Ray Kroc
Entrepreneurs do not receive regular paychecks. This means that entrepreneurs have.....
Uncertain income
What breed of dog is Air Bud?
Golden retriever
Large-scale economic choices and issues
What is macroeconomics?
Two disadvantages in a propriertorship.
New buisness require a lot of money to start / the proprietor may not have all the skills needed to run the buisness / higher risk of failure
The founder of ford
Henry Ford
The ability to use imaginative skills to find unique ways to solve problems.
What is creativity?
The most famous police dog breed.
German Shepard
What is Economics?
What is the legal age to start a buisness
None
The founder of OWN television
Oprah Winfrey
Name two characteristics of an entrepreneur
Creative, goal oriented, inquisitive, persistent, hard working, and responsible.
How long do dogs sleep a day?
16 hours