preview

English 11 Paper

Satisfactory Essays

Question 1 .1 out of 1 points When a firm's expenses are greater than its sales revenue, the firm has a
Answer
Selected Answer: a. loss. . Question 2 .1 out of 1 points Examples of command economies include
Answer
Selected Answer: e. socialism and communism. . Question 3 .1 out of 1 points According to economists, natural resources, labor, capital, and entrepreneurship are called
Answer
Selected Answer: c. factors of production. . Question 4 .1 out of 1 points As Rachel Smith and her friends prepare to graduate from college, they are faced with numerous job offers with starting salaries better than they could have imagined when they began college four years ago. Based on this information, which …show more content…

After a lot of consideration, Jonathan decided to open his own business called Universal Communications and hire employees that reflected a more diverse customer base. He was happy to have this opportunity because it was a dream that he had always had. He had always wanted to make his own decisions about what his company would produce and how. The only aspect of the business he was unsure of was pricing, yet he knew this would be important for his ultimate success.

Refer to Satellite Communications. Jonathan is operating in a ____ because he has the opportunity to decide what and how to do things.
Answer
Selected Answer: d. free-enterprise system . Question 16 .1 out of 1 points Mondell Weller decides to start a residential landscaping business. How would this business most likely be classified?
Answer
Selected Answer: e. Service business . Question 17 .1 out of 1 points A natural resource, as recognized by economists, would include which of the following?
Answer
Selected Answer: e. Crude oil . Question 18 .1 out of 1 points The organized effort of individuals to produce and sell, for a profit, the products and services that satisfy society's needs through the Internet is known as
Answer
Selected Answer: e. e-business. . Question 19 .1 out of 1 points The United States, whose economy exhibits elements of both capitalism and socialism, has what is known as a ____

Get Access