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Economics & Business

Social Studies, Business

6th - 8th Grade

Used 8+ times

Economics & Business
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something you must have; a requirement:

a need

a want

a pony

a wish

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something that you desire:

a want

a need

an umbrella

a scarcity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is INCORRECT?

Supply and demand = The amount we can produce and the amount people want.

The CEO is the highest ranked person in the workplace and is responsible for the business.

Scarcity = The state of being scarce or in short supply

Debt = the money the bank owes you

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Premises are:

a house or building, together with its land and outbuildings, occupied by a business.

a vehicle which you drive

a surface you travel over

a broccoli

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Profit =

The money you make from something; a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

The money you pay for something; a financial loss, especially the sum of the amount earned and the amount spent in buying, operating, or producing something.

The environmental benefit you make from something; an ecological gain, especially the difference between the amount of trees planted and the amount chopped down.

the most important thing

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