Question 1 jessica is a violinist who believes she can extend her method of learning music to early childhood education. she opens a preschool in her hometown, using her expertise to form an arts-based program. what factor of production is this?
capital
entrepreneurship
labor
land
question 2 joseph unahue made his fortune in
men's professional attire
digital technology
food distribution
stock options
question 3 a university has just hired additional faculty and staff. who of the following is most likely to earn the highest pay?
chemistry professor with a doctoral degree
economics graduate student teaching assistant
education lecturer with a master's degree
classics department office manager with a bachelor's degree
question 4 your friend lacks the financial capital to start a business. you offer to him and he accepts. you and your friend create a
sole proprietorship
conglomerate
corporation
partnership
question 5 which of the following is the least profitable investment for a game shop earning $2 profit from every game sold?
vehicle with $120 daily operating cost, delivering 80 games per day
inventory software with $10 daily operating cost, saving 30 games per day from theft
game cleaning system with $5 daily operating cost, increasing sales by 15 games per day
electronic billboard with $20 daily operating cost, increasing sales by 20 games per day