Intro to Bus-Goods and Services
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Kevin Hoover
Used 35+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consumer goods and services
Products produced for personal consumption
Physical objects that are useful, scarce, and transferable and which satisfy economic wants
Tangible objects that can be manufactured or produced for resale
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consumers
The people who make or provide goods and services
Physical objects that are useful, scarce, and transferable and which satisfy economic wants
People who use goods and services to satisfy their wants
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Convenience products
Products produced for personal consumption
Consumer goods and services purchased quickly and without much thought or effort
Tangible objects that can be manufactured or produced for resale
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic goods
A desire for something that can only be obtained by spending money
Productive acts that are useful, scarce, and transferable and which satisfy economic wants
Physical objects that are useful, scarce, and transferable and which satisfy economic wants
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic services
Products purchased by producers for resale, to make other goods and services, and/or to use in business operations
Industrial goods that become part of the finished product after they have been processed
Productive acts that are useful, scarce, and transferable and which satisfy economic wants
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic want
Physical objects that are useful, scarce, and transferable and which satisfy economic wants
Items in their natural state or condition
A desire for something that can only be obtained by spending money
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Equipment
Consumer goods and services purchased quickly and without much thought or effort
Any item purchased as a result of an on‑the‑spot decision to buy
Industrial goods used in the operation of a business but not used in the actual production of a good or service
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