Enterprise

Enterprise

10th - 12th Grade

20 Qs

quiz-placeholder

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Enterprise

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Assessment

Quiz

Business

10th - 12th Grade

Practice Problem

Medium

Created by

Sherriann Cosgrove

Used 127+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are consumer services?

The non tangible products sold to the general public.

The tangible products sold to the general public.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do businesses need to produce goods and services?

Land, labor and capital.

Land, labor and enterprise.

Capital, land and enterprise.

Land, labor, Capital and enterprise.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which answer best fits the example of a consumer good?

Hotel Accommodation

Food and Drinks

Train Journeys

Insurance Services

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Added value is the difference between the cost of purchasing raw materials and the....

...cost of machinery used to aid in production

...cost of employing workers used to maneuver the materials

...price the finished goods are sold for

...cost of the land used to hold those raw materials

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a government chooses to build a fighter plane instead of a hospital, the hospital becomes a?

Opportunity cost

Social Enterprise

Entrepreneur

Consumer service

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An entrepreneur is someone who takes the financial risk of starting and managing a new venture

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which answer is NOT a reason why new businesses fail?

Lack of record keeping

Family issues within the business

Lack of cash and working capital

Poor management skills

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