8DAT - T3 Bus_Eco - Wk4 Review
Authored by Aaron Reid
Professional Development
8th Grade
Used 12+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ruby makes cucpcakes at home and sells them on facebook marketplace to customers. What type of busienss does she have?
Sole Trader
Franchise
Public Company
None of the above
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Tick all the advantages a sole trader cupcake business might have.
Flexible working hours
Only recieves half of the profits
Flexible, Ruby can make all decision
Easy and cheap to start
Can sell shares of the company on the sharemarket.
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What are the two main sectors in the circular flow of income?
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is the businesses role in the circular flow of income? Tick all that apply
Selling goods and services
Buying Factors of production
Selling their labour
Buying goods and services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Whats the definition of a good?
Jobs that you pay someone to do for you
Clothes and books
Things that people make or grow or to sell
Anything you can buy with money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Whats the definition of a service?
Anything you can buy with money
Things that people do for you
Stuff you buy
Jobs that you pay someone else to do for you
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
