Principles Chapter 1
Business
9th - 12th Grade
35 Questions
Used 12+ times
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anywhere a business exchange takes place
Economics
Market
Product
Factors of production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that a business has left over after all the expenses and costs of running a business are paid
Profit
Service
Business
Capitalism
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic systems where the economic resources are privately owned by individuals rather than the government
Customer
Capitalism
Service
Business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that can be bought and sold
Market
Service
Product
Profit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When demand is higher than the available resources
Economics
Customer
Capitalism
Scarcity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An individual or group who buys products
Business
Customer
Service
Market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An action or task that is performed, usually for a fee
Product
Business
Service
Market
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