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EOPA ENTREPRENEURSHI P
STUDY SET QUESTIONS &
ANSWERS, 100% ACCURA TE.
Question : Employees
CORRECT ANSWER: People who work for someone
else
Question : self-assessment
CORRECT ANSWER: an evaluation of your strengths
and weaknesses
Question : brainstorming
CORRECT ANSWER: a creative problem-solving
technique that involves generating a large number of fresh ideas
Question : Entrepreneurs
CORRECT ANSWER: People who own, operate, and
task the risk of a business venture
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Question : trade shows
CORRECT ANSWER: special meetings at which
companies of the same or related industry display their products
Question : ideas
CORRECT ANSWER: thoughts or concepts that come
from creative thinking
Question : aptitude
CORRECT ANSWER: the ability to learn a particular
kind of job
Question : entrepreneurship
CORRECT ANSWER: the process of running a
business of one's own
Question : capitalism
CORRECT ANSWER: private ownership of resources
by individuals
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Question : economic resources
CORRECT ANSWER: the means through which goods
and services are produced
Question : wants
CORRECT ANSWER: those things that you think you
must have in order to be satisfied
Question : scarcity
CORRECT ANSWER: occurs when people's needs and
wants are unlimited and resources are limited
Question : economic decision making
CORRECT ANSWER: the process of choosing which
wants you will satisfy using the resources you have
Question : opportunity cost
CORRECT ANSWER: the value of the next-best
alternative- the one you must pass up
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Question : equilibrium price and quantity
CORRECT ANSWER: point at which supply and
demand meet
Question : marginal benefit
CORRECT ANSWER: measures the advantage of
producing one additional unit of a good or service
Question : capitalism
CORRECT ANSWER: private ownership of resources
by individual
Question : needs
CORRECT ANSWER: an individual's need or desire for
a product or service at a given price