Year 8 Economics and Business Vocabulary
Quiz
•
Social Studies
•
8th Grade
•
Medium
Erica Sherlock
Used 74+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The activity of making money by producing or buying and selling products...
Economics
Business
Market
Profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Wage is...
A person who owns shares (part of or a portion) in a company.
A sum of money given by a government or other organization for a particular purpose.
The amount of money that a person is paid in exchange for the work that they do.
The group of people who are employed.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Someone who takes on the risk of starting their own business after seeing an opportunity or having an idea for a new business is...
a shareholder
an entrepreneur
a sole trader
an economist
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A project undertaken that is important or difficult, and requires a bold approach is known as...
a grant
a franchise
a partnership
an enterprise
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A social enterprise is...
a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates.
a sum of money given by a government or other organization for a particular purpose.
a business that trades to intentionally tackle a social issue.
a system where parties offer their goods and services in exchange for money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The duty to conduct business in a manner that benefits people, the community or the environment is known as...
social responsibility
strategy
an entrepreneur
economics
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following businesses is NOT a social enterprise?
TOMS
Thank you Water
IKEA
St Kilda Mums
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