
Intro to Business: Unit 1
Authored by Tyler Kraus
Business
1st - 12th Grade
Used 2+ times

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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
No business can produce goods or services without
marketing research
resources
values and goals
advertising
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Opportunity costs
must be associated with a monetary value
should not be considered when making decisions
will never be associated with monetary value
do not need to be associated with a monetary value
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Inflation makes it easier to
keep money in a savings account for retirement expenses
create a monopoly
plan for the future and make decisions
all the above are correct
none of these are correct
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A monopoly may be allowed to exist
without question in any situation
only if all other business in the same industry approve it
only if they agree to pay a portion of their profits to government officials
if it benefits instead of hurts customers
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The principle that producers will generally supply more of an item at a higher price refers to
law of shortage
equilibrium price
market
law of supply
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A surplus may occur
after a sudden unexpected decrease in demand
when a product grows in popularity
when there is a price decrease but no other changes
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
One example of an intermediary is
medical personnel
a clothing wholesaler
an automobile assembly line worker
an apple orchard
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