Quiz 1

head teacher 1 5 out of 5 points Entrepreneurs are commonly characterized asAnswer Selected Answer bump takers and decision makers. reconcile Answer risk takers and decision makers. * Question 2 5 out of 5 points The hard sell or aggressive perspective designed to separate consumers from their cash emerged during the _____Answer Selected Answer production era reclaim Answer production era * Question 3 5 out of 5 points To be successful entrepreneurs must be comfortable risking their money and _____ to start and manage a business. Answer Selected Answer sequence fix Answer time * Question 4 5 out of 5 points In 1995, a renegotiation of the General Agreement on Tariffs and Trade (GATT) took bold steps to lower tariffs and to drop trade restrictions. A tariff is aAnswer Selected Answer tax on imports. Correct Answer tax on imports. *Question 5 5 out of 5 points The four major categories of factors of production areAnsw er Selected Answer natural resources, capital, human resources, and entrepreneurship. Correct Answer natural resources, capital, human resources, and entrepreneurship. * Question 6 5 out of 5 points In the relationship era, firms began to recognize that cultivating current customers is more profitable than constantly _____Answer Selected Answer seeking new customers. Correct Answer seeking new customers. * Question 7 5 out of 5 points During the marketing era consumers foundAnswer Selected Answer more choices for goods and services. Correct Answer more choices for goods and services. *Question 8 5 out of 5 points As a factor of production, capital would includeAnswer Selected Answer machines, tools, buildings, and technology. Correct Answer machines, tools, buildings, and technology. * Question 9 5 out of 5 points Human resources include theAnswer Selected Answer physical, intellectual, and fictive contributions of individuals working within an economy. Correct Answer physical, intellectual, and creative contributions of individuals working within an economy. * Question 10 5 out of 5 points _____ refers to the quality and quantity of products and goods available to a population at a given over time. Answer Selected Answer Standard of living Correct Answer Standard of living quiz 1