B#17 Entrepreneurship

Benchmark 4-B:

analyze and evaluate how economic systems impact the way individuals, households, businesses, governments and societies make decisions about resources and the production and distribution of goods and services:

#17 Standards with Test Item Specifications:

Analyze the economic ramifications of entrepreneurship

Sample Question:

Which provides the greatest incentive for entrepreneurs to take risks?

A. the ability to control prices

B. the ability to make profits*

C. the ability to defer paying progressive taxes

D. the ability to consider production possibilities