Business Management- Chapter 8 Test
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Wayground Content
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34 questions
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1.
FLASHCARD QUESTION
Front
Form utility usually applies only to services and not goods. True or False?
Back
False
2.
FLASHCARD QUESTION
Front
Economic utility is one of the four types of utility that satisfy wants.
Back
False
3.
FLASHCARD QUESTION
Front
Selling snow tires to a customer during the first snowstorm of the season is an example of providing time utility.
Back
True
4.
FLASHCARD QUESTION
Front
Entrepreneurship is a factor of production.
Back
True
5.
FLASHCARD QUESTION
Front
If a country did not produce any capital goods, it could not produce many consumer goods.
Back
True
6.
FLASHCARD QUESTION
Front
Capital goods directly satisfy human wants.
Back
False
7.
FLASHCARD QUESTION
Front
The United States has adequate resources to satisfy all the wants of all its people.
Back
False
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