Intro to Business - Chapter 2

Intro to Business - Chapter 2

9th - 12th Grade

41 Qs

quiz-placeholder

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Intro to Business - Chapter 2

Intro to Business - Chapter 2

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Teri Miles

Used 128+ times

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41 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In business terms, what is a profit?

a risky venture

a holiday bonus

a monetary reward

a smart investment

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A local dry cleaner that also launders and presses shirts is selling

industrial supplies

tangible items

consumer services

specialty services

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

For a business, positive income remaining after payment of expenses is

loss.

nothing.

profit.

debt.

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is a natural resource that can be renewed through people's efforts

water

trees

mineral deposits

crude oil

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In a private enterprise economic system, the interaction of supply and demand primarily determines

confusion.

the price of the products being sold.

the extent of pollution.

government regulation.

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

2. Scarcity deals with issues concerning the everyday consumer and national issues. 

True
False

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

3. Scarcity does NOT deal with decisions about resources. 

True
False

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