Chapter 1: Business & Economic Basics
Authored by Melissa Harms
Business
8th - 12th Grade
Used 38+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Refers to the aspects of making, selling, and providing goods and services in exchange for money.
Business
Business Activity
Economics
Markets
Economic Activity
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Anything a business does to generate profit
Profit
Economic Activity
Markets
Business Activity
Customers
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Products created by businesses that you can physically touch and see.
Wages
Goods
Profit
Economic Resources
Services
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Work that businesses preform for consumers
Product
Want
Services
Goods
Need
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An individual who buys goods and services from businesses.
Wages
Markets
Profit
Consumer
Business Activity
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The money businesses get to keep after paying off expenses.
Profit
Wages
Wants
Consumer
Economic Activity
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The study of how individuals, businesses, and governments make decisions about satisfying unlimited wants with limited resources.
Business
Business Activity
Economics
Economic Activity
Markets
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