
Business Quiz
Authored by Shaufa Rasheed
Business
7th Grade
Used 2+ times

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16 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
______________ is the study of resources, its utilization and how decisions are made by individuals and organisations in an effort to satisfy unlimited wants with limited resources.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity means
wants are limited
needs are unlimited and wants are limited
needs are limited and wants are unlimited
needs are infinite
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Food , shelter and clothing are examples of _________
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
_________ are desires that can be satisfied by consuming or using a good or service.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Example of a want is
water
air
shelter
Car
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Minerals is an example of a
human resource
natural resource
manufactured resource
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
________________ are used as raw materials for the production of goods and services.
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