Intro to Business Final Review

Intro to Business Final Review

9th - 12th Grade

25 Qs

quiz-placeholder

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Intro to Business Final Review

Intro to Business Final Review

Assessment

Quiz

9th - 12th Grade

Medium

Created by

Lori Rice

Used 43+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The value of the next best option that was not selected:

Opportunity Cost

Trade Off

Need

Want

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A customer of a service business is a:

Customer

Consumer

Client

Creditor

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of utility is being utilized when a customer reads the nutrition facts on the side of a candy bar?

Form

Time

Information

Possession

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type economy is in place when the Government makes all the decisions?

Market

Command

Mixed

Traditional

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens in an economy when the nation can't produce enough goods for the overall demand of the nation?

Scarcity

Productivity

Marketability

Resource Management

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are all the activities involved in buying and selling goods on a large scale?

e-commerce

monetary policy

money supply

commerce

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total market value of all final products produced in a country during a specific time period?

Product Value

Annual Sales

Gross Domestic Product

Standard of Living

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