
Introduction to Business- Chpt 1
Authored by Patricia Gilkes
Business
10th - 11th Grade
Used 3+ times

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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An action or task that is performed, usually for a fee
a service
a good
a business
a favor
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The price of a product is determined by the law of _________
supply and demand
wins and losses
ethics
business and trade
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) _______ is something a person must have to survive
Need
Want
Spouse
Education
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An individual or group that buys a product is called a
Loser
Customer
Buyer
Seller
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the basic economic problem?
unlimited wants cannot be filled with limited resources
Rich people vs poor people
Donald Trump
Limited wants can be filled with unlimited resources
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People who start businesses are.......
Crazy
Bosses
CEO's
Entrepreneurs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not one of the four factors of production?
Land
Labor
Capital
Entrepreneurship
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