

FBLA Intro to Business Concepts
Flashcard
•
Business
•
7th - 12th Grade
•
Practice Problem
•
Easy
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95 questions
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1.
FLASHCARD QUESTION
Front
Which of the following is correct? A need is necessary for survival, Examples of capital resources are water, iron, air, or gold, Human resources are also called people, Services are things you can buy, like ice cream or textbooks
Back
A need is necessary for survival
2.
FLASHCARD QUESTION
Front
The conflict between unlimited wants and limited resources is called:
Back
Scarcity
3.
FLASHCARD QUESTION
Front
A cell phone is a need for most people in 2015
Back
True
4.
FLASHCARD QUESTION
Front
Which is an example of a service? Smart Board, Hair stylist, Piece of paper, Homeless man
Back
Hair stylist
5.
FLASHCARD QUESTION
Front
Do businesses and governments deal with scarcity?
Back
False
6.
FLASHCARD QUESTION
Front
Which are types of economic resource? (Options: Wants & Needs, Goods & Services, Scarcity & Surplus, Land, Labor, & Capital)
Back
Land, Labor, & Capital
7.
FLASHCARD QUESTION
Front
What is another name for human resources?
Back
Labor
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