Quiz 1

Question 1 5 give away of 5 points Entrepreneurs are commonly characterized as firmness of purpose Selected say insecurity takers and decision makers. put Answer risk takers and decision makers. * Question 2 5 bulge of 5 points The hard sell or in-your-face persuasion designed to separate consumers from their cash emerged during the _____Answer Selected Answer production earned run average Correct Answer production era * Question 3 5 prohibited of 5 points To be successful entrepreneurs must be sluttish risking their money and _____ to start and manage a business. Answer Selected Answer season Correct Answer time * Question 4 5 bulge emerge of 5 points In 1995, a renegotiation of the General Agreement on Tariffs and alternate (GATT) took bold steps to lower tariffs and to reduce trade restrictions. A tariff is aAnswer Selected Answer tax on imports. Correct Answer tax on imports. *Question 5 5 out of 5 points T he four major categories of factors of production areAnswer Selected Answer inbred 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 electric 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 Se lected Answer physical, intellectual, and creative contributions of individuals working inwardly 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 time. Answer Selected Answer standardised of living Correct Answer Standard of living quiz 1