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1st Sem Exam Rvw (10 Questions ea from Chapters 1-10)

Authored by Kate Dastous

Business

8th - 12th Grade

100 Questions

Used 16+ times

1st Sem Exam Rvw (10 Questions ea from Chapters 1-10)
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is the term for all activities involved in developing and exchanging products.

Business

Entrepreneurship

Economics

Corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The customer of a service business is often called a _____.

Customer

Consumer

Client

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything that is bought or sold is called a(n)_____.

Item

Service

Business

Product

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Customers who purchase goods and services for their own use are called _____Groups

Individuals

Consumer

Purchasers

Groups

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ utility is added when a business changes the form of a good or service to make it more useful.

Possession

Time

Form

Place

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A _____ is anywhere buyers and sellers meet to buy and sell goods and services.

Store

Workplace

Restaurant

Market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between the income earned and the expenses incurred by a business during a specific period of time is called _____.

Sales

Profit

Expenses

Costs

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Microsoft

Microsoft

Apple

Apple

Others

Others

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