Business Principles Quiz 2

Business Principles Quiz 2

9th - 12th Grade

10 Qs

quiz-placeholder

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Business Principles Quiz 2

Business Principles Quiz 2

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Luiz Bravim

Used 89+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

In economics, people are said to have unlimited

Needs
Wants
Capital
Influence

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Not having enough resources to satisfy every need is

cutback
scarcity
choice
competitive advantage

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

First step in the decision making process

Define the problem
Choose best alternative
Identify the choices
Evaluate Advantages

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of economic system is which government decides what to produce

Market-based
Traditional
Mixed
Command

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In this economy, consumers make decisions based on self-interest

Command
Market
Mixed
Traditional

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Eminent domain happens when government

seizes private property
bargains with labor
Supreme Court rules
reappropriates public land for private use

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This country has a mixed economy

North Korea
South Korea
Sweden
Hong Kong

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