
POBF Unit 5
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Mr. Jenkins
Used 74+ times
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55 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A major characteristic of a market economy is which type of ownership of property?
monopolistic
limited
government
private
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For a business, income remaining after payment of expenses is:
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In business terms, what is profit?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a business's net profit if it has $762,750 in income, $291,400 inoperating expenses, and $238,930 in cost of goods?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a private enterprise economic system, the interaction of supply anddemand primarily determines:
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Countries whose governments provide citizens with free medical care,education, and other benefits often are referred to as which type of state?
military
capitalist
consumer
welfare
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is a problem associated with communist command economies?
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