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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28 Video Interactions
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00:02:45
Is a car a good or service?
- service
- good
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00:02:54
Is a car wash a good or a service?
- A good
- A service
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00:03:07
Is a new basketball a good or a service?
- A service
- A good
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00:03:09
Is a doctor's appointment a good or a service?
- A good
- A service
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00:03:11
Is a ride to the bus stop a good or a service?
- A good
- A service
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00:03:14
Is a pair of shoes a good or a service?
- A service
- A good
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00:03:15
Is a book a good or a service?
- A service
- A good
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00:03:17
Is someone doing your taxes for you a good or a service?
- A good
- A service
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00:04:46
Make sure you write all those down in your notes!
____________________________
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00:04:57
What type of resource is gold?
- natural
- human
- capital
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00:05:11
What type of resource would these machines at the factory be?
- natural
- capital
- human
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00:05:25
What type of resource would the engineers be?
- natural
- human
- capital
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00:05:36
What type of resources would computers be?
- natural
- capital
- human
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00:05:55
What capital resources go into making a chair?
- the wood
- the tools and machines to cut the wood
- the carpenter
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00:05:58
What human resources go into making a chair?
- the wood
- the carpenter
- the tools and machines to cut the wood
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00:06:02
What capital resources go into making spaghetti?
- The chef
- The stove, pots, and pans
- The wheat, meat, tomatoes, and water
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00:06:04
What natural resource goes into making spaghetti?
- The chef
- The wheat, meat, tomatoes, and water
- The stove, pots, and pans
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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
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00:07:34
How many people own a company in a sole proprietorship?
- 2
- 1
- 3
- Many
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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
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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
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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
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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
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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
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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
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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
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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
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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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