POBF Unit 5

POBF Unit 5

9th - 12th Grade

•

55 Qs

quiz-placeholder

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POBF Unit 5

POBF Unit 5

Assessment

Quiz

•

Business

•

9th - 12th Grade

•

Medium

Created by

Mr. Jenkins

Used 74+ times

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55 questions

Show all answers

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:

loss.
capital.
profit.
debt.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In business terms, what is profit?

a risky venture
a good investment
a holiday bonus
a monetary reward

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?

$368,730
$232,420
$471,350
$523,820

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a private enterprise economic system, the interaction of supply anddemand primarily determines:

government regulation.
economic choices.
the extent of pollution.
product prices.

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?

There is no competition.
There are high taxes.
Supply and demand control what will be produced.
Individuals run the risk of losing their businesses.

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