3.2&3 Profit, Loss and Ethics in Free Enterprise Notes
Presentation
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Social Studies
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12th Grade
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Practice Problem
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Hard
TIMOTHY BALASA
FREE Resource
5 Slides • 5 Questions
1
2
Multiple Choice
Why is it important for businesses to understand the difference between profit and loss?
To avoid paying taxes
To make better financial decisions
To increase the number of employees
To reduce product quality
3
4
Open Ended
How do profits and losses act as signals in a free enterprise economy?
5
6
Multiple Select
Which of the following are characteristics that a free enterprise system requires to be ethical?
Individuals can choose their occupations
Goods and services are only for the majority
Rewards depend on performance
There are numerous freedoms
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8
Fill in the Blanks
The Bill of Rights guarantees the right to private
Type answer...
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10
Open Ended
Do you have any questions or would you like to know more about economic rights and responsibilities in a free enterprise economy?
Show answer
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