Understanding Business Basics Flashcard

Understanding Business Basics Flashcard

Assessment

Flashcard

Business

8th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

What is the definition of a business?

Back

An organization that provides goods or services to satisfy needs and wants

2.

FLASHCARD QUESTION

Front

Which of the following is an example of a good? Haircut, Car, Teaching, Banking

Back

Car

3.

FLASHCARD QUESTION

Front

Who is an entrepreneur?

Back

Someone who starts and runs a business

4.

FLASHCARD QUESTION

Front

Which term refers to activities that satisfy people's needs and wants without producing physical objects?

Back

Services

5.

FLASHCARD QUESTION

Front

What is the economy?

Back

The system of how money, goods, and services are produced and used in a country

6.

FLASHCARD QUESTION

Front

Which of the following is NOT a type of business? Manufacturing, Service, Retail, Biology

Back

Biology

7.

FLASHCARD QUESTION

Front

Which word best describes a person who creates a new product and starts a company to sell it?

Back

Entrepreneur

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Microsoft

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Apple

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Others

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