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INTO TO BUSINESS CH 1 & 2 REVIEW

Authored by Chelsey Gilmore

Business

9th - 12th Grade

50 Questions

CCSS covered

Used 3+ times

INTO TO BUSINESS CH 1 & 2 REVIEW
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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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Which of the following is correct?

A need is necessary for survival
Examples of capital resources are water, iron, air, or gold
Human resources are also called people
Services are things you can buy, like ice cream or textbooks

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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The conflict between unlimited wants and limited resources is called:

Basic economic scarcity
Wants
Scarcity
Factors of Production

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Which is an example of a service?

Smart Board
Hair stylist
Piece of paper
Homeless man

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Businesses and governments don't deal with scarcity

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Which is are types of economic resource?

Wants & Needs
Goods & Services
Scarcity & Surplus
Land, Labor, & Capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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What is another name for human resources?

Labor
People
Homies
Workers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Things that you can see and touch are

Wants
Services
Goods
Needs

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