Question 2Tips2 ptsWhich of the following is the best example of a service?Group of answer choicesthe pleasure you derive from seeing a good playthe license tags you purchased for your carthe hamburger you bought for lunchthe gallon of milk you purchased at the convenience storethe grill on which you cook steak Flag question: Question 3Question 3Tips2 ptsWhich of the following is the best example of a good?Group of answer choicesthe physical examination you received from your doctorthe birthday candles you purchased to go on your sister's birthday cakethe airplane flight you took to attend a funeralthe driving lessons you tookthe life guarding class you took last summer Flag question: Question 4Question 4Tips2 ptsWhich of the following businesses provides its customers with a service?Group of answer choicesa pecan growera wheat farmera mattress manufacturera used book storea law office Flag question: Question 5Question 5Tips2 ptsWhich of the following businesses provides its customers with a good?Group of answer choiceshotelhair salonaccounting firmmovie theaterbicycle manufacturer Flag question: Question 6Question 6Tips2 ptsIris Souza started the summer with $30. She took $10 and made signs for her dog walking service. She posted the signs all over her neighborhood. She used the other $20 to buy a stout leash and a pooper-scooper. At the end of the summer, after buying herself a new pair of shoes for $50 (she had worn her other shoes out walking dogs), she had $125 left. What was Souza's profit for her summer job?Group of answer choices$30$80$125$175$205 Flag question: Question 7Question 7Tips2 ptsIris Souza started the summer with $30. She took $10 and made signs for her dog walking service. She posted the signs all over her neighborhood. She used the other $20 to buy a stout leash and a pooper-scooper. At the end of the summer, after buying herself a new pair of shoes for $50 (she had worn her other shoes out walking dogs), she had $125 left. Calculate Souza's costs for her summer job?Group of answer choices$30$50$80$125$175 Flag question: Question 8Question 8Tips1 ptsRudy and Ritchie Ling ran a camp this summer for children in their neighborhood. Rudy spent $135 on supplies and earned $250 before expenses. Ritchie spent $140 on supplies and made $210 before expenses. What is the combined revenue for the two brothers?Group of answer choices$75$170$290$415$460 Flag question: Question 9Question 9Tips1 ptsCurtiss Anaya is planning to sell kites on the beach this summer to pay for next year's school expenses. _____ refers to the potential that Curtiss will lose money and waste his time and end up at the end of the summer with not enough money to cover his expenses.Group of answer choicesProfitRiskRevenueOpportunityCost Flag question: Question 10Question 10Tips1 pts_____ is the money a company earns from providing services or selling goods to customers.Group of answer choicesProfitOpportunityGross marginRevenueAmortization Flag question: Question 11Question 11Tips1 ptsAs one of the factors of production, natural resources includes all of the following EXCEPT:Group of answer choicesfarmlandcoalwateroil depositsmachinery Flag question: Question 12Question 12Tips1 ptsAs one of the factors of production, capital includes all of the following EXCEPT:Group of answer choicestoolsmachineryequipmentmoneydelivery trucks Flag question: Question 13Question 13Tips1 ptsLabor, as a factor of production, refers to:Group of answer choicesall workers in businessrent and wagesfull employmenttools and wagesonly hourly wage earners Flag question: Question 14Question 14Tips1 ptsWhich of the following is NOT an example of a factor of production?Group of answer choicesentrepreneurshipcapitalcompetitionnatural resourceslabor

Question 2Tips2 ptsWhich of the following is the best example of a service?Group of answer choicesthe pleasure you derive from seeing a good playthe license tags you purchased for your carthe hamburger you bought for lunchthe gallon of milk you purchased at the convenience storethe grill on which you cook steak Flag question: Question 3Question 3Tips2 ptsWhich of the following is the best example of a good?Group of answer choicesthe physical examination you received from your doctorthe birthday candles you purchased to go on your sister's birthday cakethe airplane flight you took to attend a funeralthe driving lessons you tookthe life guarding class you took last summer Flag question: Question 4Question 4Tips2 ptsWhich of the following businesses provides its customers with a service?Group of answer choicesa pecan growera wheat farmera mattress manufacturera used book storea law office Flag question: Question 5Question 5Tips2 ptsWhich of the following businesses provides its customers with a good?Group of answer choiceshotelhair salonaccounting firmmovie theaterbicycle manufacturer Flag question: Question 6Question 6Tips2 ptsIris Souza started the summer with $30. She took$10 and made signs for her dog walking service. She posted the signs all over her neighborhood. She used the other $20 to buy a stout leash and a pooper-scooper. At the end of the summer, after buying herself a new pair of shoes for$50 (she had worn her other shoes out walking dogs), she had $125 left. What was Souza's profit for her summer job?Group of answer choices$30$80$125$175$205 Flag question: Question 7Question 7Tips2 ptsIris Souza started the summer with $30. She took$10 and made signs for her dog walking service. She posted the signs all over her neighborhood. She used the other $20 to buy a stout leash and a pooper-scooper. At the end of the summer, after buying herself a new pair of shoes for$50 (she had worn her other shoes out walking dogs), she had $125 left. Calculate Souza's costs for her summer job?Group of answer choices$30$50$80$125$175 Flag question: Question 8Question 8Tips1 ptsRudy and Ritchie Ling ran a camp this summer for children in their neighborhood. Rudy spent $135 on supplies and earned$250 before expenses. Ritchie spent $140 on supplies and made$210 before expenses. What is the combined revenue for the two brothers?Group of answer choices$75$170$290$415$460 Flag question: Question 9Question 9Tips1 ptsCurtiss Anaya is planning to sell kites on the beach this summer to pay for next year's school expenses. _____ refers to the potential that Curtiss will lose money and waste his time and end up at the end of the summer with not enough money to cover his expenses.Group of answer choicesProfitRiskRevenueOpportunityCost Flag question: Question 10Question 10Tips1 pts_____ is the money a company earns from providing services or selling goods to customers.Group of answer choicesProfitOpportunityGross marginRevenueAmortization Flag question: Question 11Question 11Tips1 ptsAs one of the factors of production, natural resources includes all of the following EXCEPT:Group of answer choicesfarmlandcoalwateroil depositsmachinery Flag question: Question 12Question 12Tips1 ptsAs one of the factors of production, capital includes all of the following EXCEPT:Group of answer choicestoolsmachineryequipmentmoneydelivery trucks Flag question: Question 13Question 13Tips1 ptsLabor, as a factor of production, refers to:Group of answer choicesall workers in businessrent and wagesfull employmenttools and wagesonly hourly wage earners Flag question: Question 14Question 14Tips1 ptsWhich of the following is NOT an example of a factor of production?Group of answer choicesentrepreneurshipcapitalcompetitionnatural resourceslabor