Goods and Services, Types of Resources, Types of Companies

Goods and Services, Types of Resources, Types of Companies 

ID goods and servies, types of resources, and types of companies 

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  1. 00:02:45 

    Is a car a good or service?

     

    • service 
    • good 

  2. 00:02:54 

    Is a car wash a good or a service?

     

    • A good 
    • A service 

  3. 00:03:07 

    Is a new basketball a good or a service?

     

    • A service 
    • A good 

  4. 00:03:09 

    Is a doctor's appointment a good or a service?

     

    • A good 
    • A service 

  5. 00:03:11 

    Is a ride to the bus stop a good or a service?

     

    • A good 
    • A service 

  6. 00:03:14 

    Is a pair of shoes a good or a service?

     

    • A service 
    • A good 

  7. 00:03:15 

    Is a book a good or a service?

     

    • A service 
    • A good 

  8. 00:03:17 

    Is someone doing your taxes for you a good or a service?

     

    • A good 
    • A service 

  9. 00:04:46 

    Make sure you write all those down in your notes!

     

     ____________________________ 


  10. 00:04:57 

    What type of resource is gold?

     

    • natural 
    • human 
    • capital 

  11. 00:05:11 

    What type of resource would these machines at the factory be?

     

    • natural 
    • capital 
    • human 

  12. 00:05:25 

    What type of resource would the engineers be?

     

    • natural 
    • human 
    • capital 

  13. 00:05:36 

    What type of resources would computers be?

     

    • natural 
    • capital 
    • human 

  14. 00:05:55 

    What capital resources go into making a chair?

     

    • the wood 
    • the tools and machines to cut the wood 
    • the carpenter 

  15. 00:05:58 

    What human resources go into making a chair?

     

    • the wood 
    • the carpenter 
    • the tools and machines to cut the wood 

  16. 00:06:02 

    What capital resources go into making spaghetti?

     

    • The chef 
    • The stove, pots, and pans 
    • The wheat, meat, tomatoes, and water 

  17. 00:06:04 

    What natural resource goes into making spaghetti?

     

    • The chef 
    • The wheat, meat, tomatoes, and water 
    • The stove, pots, and pans 

  18. 00:06:42 

    What is the capital resource that Shell Oil uses?

     

    • the oil that they extract 
    • the offices and oil platforms 
    • the engineers with 4-year degrees 
    • the Gulf of Mexico 

  19. 00:07:34 

    How many people own a company in a sole proprietorship?

     

    • 2 
    • 1 
    • 3 
    • Many 

  20. 00:07:40 

    What would be an advantage of having a sole proprietorship?

     

    • You don't lose all of the money 
    • You get to keep all of the money you make 
    • You have to pay all of your own employees 
    • You have to make sure that your whole business is following the law 

  21. 00:07:43 

    What would be another advantage of a sole proprietorship?

     

    • Sole proprietorships are always bigger companies 
    • You have complete control over your company so you get to make all the decisions 
    • You get to divide losses with your partners 

  22. 00:08:15 

    What advantage does a partnership have over a sole proprietorship?

     

    • You have more individual control over your company 
    • If your company loses money, you divide the losses between you and your partners. 
    • You make more money 

  23. 00:08:50 

    What is an advantage of a corporation?

     

    • You have more control over your company 
    • You are financially disconnected from the company, so you don't lose money 
    • You have more stockholders, which means more money for you in your pocket 
    • You have the opportunity to change the laws about your company 

  24. 00:08:51 

    What is a disadvantage of both a corporation and a partnership compared to a sole proprietorship?

     

    • You make more money 
    • You would have less control over your company 
    • You lose more money 
    • You get to make more laws about your company 

  25. 00:08:57 

    Which of the following could ALL be classified as services?

     

    • a haircut, a chair, and a car 
    • a haircut, a doctor's appointment, and a car wash 
    • a chair, a phone, and a stapler 
    • a haircut, a dentist appointment, and a stapler 

  26. 00:08:59 

    If a company wanted to invest its money in buying more capital resources, what would it do?

     

    • hire better qualified workers 
    • buy more computers for its offices 
    • buy the rights to larger plots of land in the country 
    • sell the trucks that it owns and start using railways 

  27. 00:09:00 

    What is the biggest advantage of a operating a sole proprietorship over a partnership and corporation?

     

    • other people would help you make decisions 
    • you would get to keep all of the profits 
    • you control how you interact with the law 
    • your company would have more available cash for investment 

  28. 00:09:17 

    Which of the following is correct?

     

    • Harvard's Social Studies benchmark is on Friday, Yale's is on Thursday 
    • Yale's Social Studies benchmark is on Friday, Harvard's is on Thursday 
    • Both Harvard and Yale have their benchmark on Thursday 
    • Both Harvard and Yale have their benchmark on Friday 

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