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Chapter 1 Intro business

Authored by Kelly Olson

Business

9th - 12th Grade

Used 22+ times

Chapter 1 Intro business
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28 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Refers to the aspects of making, selling, and providing products in exchange for money

Product

Business

Service

Economic system

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

an organized way in which a state or nation distributes its resources and provides goods and services.

Business

Product

Economic System

Natural Resource

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

is the science of how individuals, businesses, and governments make decisions about satisfying unlimited wants with lited resources.

Business

Product

Natural Resouce

Economic

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

An object that can be bought and sold.

Business

Product

Service

Economic

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The title of the person that decides the company's vision balances economic resources, make ethical decisions and create a positive work environment.

Manager

Employee

CEO Chief Executive Officer

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

is the financial gain calculated by the difference between the amount earned and the amount spent by a business

Liabilities

Assets

Net Worth

Profit

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

refers to the total value of a business determined by assets minus liabilities

Liabilities

Assets

Net Worth

Profit

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