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Intro to Business _ Test Prep

Authored by Riss Robinson

Business

8th - 12th Grade

Used 2+ times

Intro to Business _ Test Prep
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51 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between a good and a service is _________.

A good is an action that can be performed where a service is a physical item that can be touched.

A good is a physical item that can be touched where a service is an action that is performed.

There is no difference between the two.

A good is something bought often where a service is rarely purchased.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ___________ is an individual or group who buys products.

customer

consumer

business

product

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Customers who purchase goods and services for their own use are known as _____________.

customers

consumers

products

businesses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which factor of production does this picture represent?

Land

Labor

Capital

Entrepreneurship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which factor of production does this picture represent?

Land

Labor

Capital

Entrepreneurship

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which factor of production does this picture represent?

Land

Labor

Capital

Entrepreneurship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which factor of production does this picture represent?

Land

Labor

Capital

Entrepreneurship

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