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Ch. 1 Review
Quiz
•
Business
•
8th Grade
•
Medium
Madison Moore
Used 20+ times
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34 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Products are commonly known as _____.
needs and wants
goods and services
factors of production
functions of business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something that a person desires, but can live without
product
good
want
need
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An action or task that is performed, usually for a fee
business
profit
capitalism
factors of production
service
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A physical item that can be touched is called:
good
service
market
need
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something that is needed to survive is called:
want
need
service
good
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that can be bought and sold
market
product
customer
scarcity
economics
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something that a person desires, but can live without
product
good
want
need
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