2019 Business Principles Unit 1 Common Assessment Review B

2019 Business Principles Unit 1 Common Assessment Review B

10th - 12th Grade

20 Qs

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2019 Business Principles Unit 1 Common Assessment Review B

2019 Business Principles Unit 1 Common Assessment Review B

Assessment

Quiz

Business

10th - 12th Grade

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Created by

John Adams

Used 3+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A characteristic of human wants is that they are

limited.

unchanging.

unlimited.

consistent.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of an economic want:

Clothing

Fresh air

Understanding

Conversation

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An example of a noneconomic want would be the desire for

police protection.

a college education.

a friend.

concert tickets.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An economic good or service that is scarce is one that is

in limited supply.

not made in America.

readily available.

not test-marketed.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If a good or service is scarce, consumers will usually be

uninterested in owning it.

able to get as much of it as they want.

unwilling to buy it.

willing to pay money to get it.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a characteristic of economic services:

Useful

Tangible

Non-transferable

Freely available to everyone

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

“Economic votes” are cast by consumers each time they

make a purchase.

visit a business.

respond to a survey.

participate in market research.

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