Chpt. 1 - Intro to Business

Chpt. 1 - Intro to Business

9th - 10th Grade

20 Qs

quiz-placeholder

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Chpt. 1 - Intro to Business

Chpt. 1 - Intro to Business

Assessment

Quiz

Business

9th - 10th Grade

Medium

Created by

Mr. BOLSTON

Used 116+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system where the economic resources are privately owned by individuals rather than government 

communism 
fiscal policy 
capitalism 
monetary policy 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A term for all the activities involved in developing and exchanging products

economics
commerce
business
market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Products are commonly known as

needs and wants

goods and services

factors and production

functions of business

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Utility describes the characteristics of a product that satisfy

scarcity

needs and wants

opportunity cost

supply and demand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a function of a business?

capitalism

marketing

finance

production

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurs take risks to start and run.....

economic resources

the state of Texas

the country

businesses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a __________ economy, individuals are free to make their own economic decisions.

market

command

open

traditional

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