Question types

Start with

Question limit

of 32 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. substitutes
  2. elastic
  3. Milton Hershey
  4. demand
  5. work ethic
  1. a Describes demand that is very sensitive to a change in price
  2. b the desire to own something and the ability to pay for it.
  3. c goods used in place of one another
  4. d an American manufacturer and philanthropist who founded one of the world's largest confectionery companies, the Hershey Chocolate Company
  5. e a commitment to the value of work and purposeful activity

5 Multiple choice questions

  1. the process used to produce a good or service
  2. the force that encourages people and organizations to improve their material well-being
  3. an economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume
  4. dropped out of school, went back, met Colonel Sander, turned down ownership of KFC, opened 1st Wendy's in 1969, billionaire by age 30
  5. An income level below that which is needed to support families or households

5 True/False questions

  1. Howard ShultsStarbucks expander


  2. supply curvea graphic representation of a demand schedule


  3. fixed costfixed costs plus variable costs


  4. operating costfixed costs plus variable costs


  5. inelasticdescribes demand that is not very sensitive to a change in price