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BIZPOL500REVIEW

Authored by William Busshart

Business

9th Grade - University

BIZPOL500REVIEW
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33 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The usefulness of a product to consumers is referred to as product:

Utility

Consumption

Liability

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which change provides the most time utility for a consumer?

shopping for a product in the morning

shopping during your lunch break

staying open for business on the weekend

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Equilibrium price of a good is achieved when the amount supplied is _________________the amount demanded.

less than

greater than

equal to

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an external factor that affects market price?

consumer buying power

location of items in store

larger sales tags

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The business that begins selling Christmas decorations in late autumn is creating the utility of

function

form

time

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A local dry cleaner that also launders and presses shirts is selling:

industrial supplies

consumer services

lottery tickets

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________ are a natural resource that can be renewed through people's efforts.

Trees

Mineral deposits

Cars

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