UNDERSTANDING ECONOMIC SYSTEMS & BUSINESS

UNDERSTANDING ECONOMIC SYSTEMS & BUSINESS

9th - 12th Grade

30 Qs

quiz-placeholder

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UNDERSTANDING ECONOMIC SYSTEMS & BUSINESS

UNDERSTANDING ECONOMIC SYSTEMS & BUSINESS

Assessment

Quiz

Business

9th - 12th Grade

Easy

Created by

Mary Anne Prater

Used 6+ times

FREE Resource

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a business?

Jack & Jill, a specialty clothing store for young children

Wal-Mart

Lawson & Tyler Law Offices

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the best example of a service?

the pleasure you derive from seeing a good play

the license tags you purchased for your car

the hamburger you bought for lunch

the gallon of milk you purchasd at the convenience store

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the best example of a good?

the physical examination you received from your doctor

the birthday candles you purchased to go on your sister's birthday cake

the airplane flight you took to attend a funeral

the driving lessons you took.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following businesses provides its customers with a service

a pecan grower

a wheat farmer

a mattress manufacturer

a law office

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary difference between a good and a service

A good costs more to produce that a service.

A service is tangible and a good is intangible.

A good is tangible and a service is intangible.

A good costs more to market than a service.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The _____________ of any country is measured by the output of goods and services people can buy with the money the have.

standard of living

consumer productivity

input per person

quality of life

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following countries has a high standard of living?

Malaysia

the United States

Gautemala

Nigeria

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