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Principles of Business

Principles of Business

Assessment

Flashcard

Other

7th - 8th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

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25 questions

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1.

FLASHCARD QUESTION

Front

What is profit?

Back

the difference between sells/epenses

2.

FLASHCARD QUESTION

Front

What is profit motive?

Back

incentive to make money

3.

FLASHCARD QUESTION

Front

Who is competition good for? Options: business owner, bank president, consumer, lawyers

Back

consumer

4.

FLASHCARD QUESTION

Front

Why is competition good? Options: keeps prices down, keeps quality of product good, keeps creative products coming to market, all of the above

Back

all of the above

5.

FLASHCARD QUESTION

Front

Which of the following is a need? Air Jordans, designer jeans, food, new car

Back

food

6.

FLASHCARD QUESTION

Front

Which of the following is a want? Options: tennis shoes, winter coat, UGG boots, home

Back

UGG boots

7.

FLASHCARD QUESTION

Front

Who would be considered a consumer? Options: a person who makes a product, a person who advertises a product, a person who sells a product, a person who buys a product

Back

a person who buys a product

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