Applied Economics Quiz

Applied Economics Quiz

12th Grade

20 Qs

quiz-placeholder

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Applied Economics Quiz

Applied Economics Quiz

Assessment

Quiz

Business, Social Studies

12th Grade

Medium

Created by

Ms. Garcia

Used 157+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process by which one or two or more persons engage in commercial activity for profit.

Business

Commerce

Trade

Partnership

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Persons or company who supplies goods and services.

Consumer

Creditors

Government

Suppliers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The capability of a system to expand its total output under an increased volume of work when resources are added.

Autonomy

Big Idea

Profitability

Scalability

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

. A business which has its own identity and is distinct from the owners is called ____.

Autonomy

Big Idea

Profitability

Scalability

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business with the main purpose of gaining profit is called ___________.

Autonomy

Big Idea

Profitability

Scalability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that creates its own plan to expand its economic growth.

Autonomy

Big Idea

Profitability

Scalability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which brand of drinks may be a very good substitute for Coca-Cola?

Mirinda

Pepsi

RC

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