Business Fundamentals CPAS Review 2

Business Fundamentals CPAS Review 2

9th - 12th Grade

27 Qs

quiz-placeholder

Similar activities

1.4 Types of Businesses (AS/IG)

1.4 Types of Businesses (AS/IG)

10th Grade

24 Qs

Bookkeeping and Introduction to Accounting

Bookkeeping and Introduction to Accounting

10th Grade

25 Qs

IMMOBILIZZAZIONI

IMMOBILIZZAZIONI

2nd - 12th Grade

25 Qs

PTS GANJIL EKONOMI X FASE E 2024

PTS GANJIL EKONOMI X FASE E 2024

10th Grade

25 Qs

RAMEDIAL XII.6

RAMEDIAL XII.6

12th Grade

25 Qs

Persediaan Menjadi Usahawan -siri 1

Persediaan Menjadi Usahawan -siri 1

12th Grade

25 Qs

Mar 2025 ETT Exam Revision Unit 1

Mar 2025 ETT Exam Revision Unit 1

12th Grade

25 Qs

ASESMENT PROSES BISNIS MPLB DI DUNIA KERJA

ASESMENT PROSES BISNIS MPLB DI DUNIA KERJA

10th Grade

25 Qs

Business Fundamentals CPAS Review 2

Business Fundamentals CPAS Review 2

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Sarah Hosey

Used 7+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the characteristics of a traditional economic system?

Relies on government

Driven by consumers

built upon traditions, customs, and beliefs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Tariff?

A tax on imported and exported goods

A price marked on goods

Profit made from manufactured goods

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

For the law of demand, as price rises, what happens to quantity demanded?

it goes up
it goes down
it stays the same
it is not effected

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

For the law of supply, as price rises, what happens to quantity supplied?

it goes up
it goes down
it stays the same
it is not effected

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a company has more supply than demand this is known as a _______________. 

Equilibrium 
Shortage
Surplus 

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The desire to own something and the ability to afford it

supply

demand

deficit

surplus

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This occurs when you feel like you have LESS money when the price of a good RISES

Substitution Effect

Income Effect

Demand Effect

Inflation Effect

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?