S3 Understanding Business
Quiz
•
Business
•
3rd Grade
•
Medium
Pamela McGinty
Used 10+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do businesses exist ?
To provide a good or service to customers/ make a profit
To fulfil customer’s needs and wants
To develop an idea/fill ina gap in the market
All of the previous answers
2.
OPEN ENDED QUESTION
2 mins • 1 pt
What is the difference between a need and a want ?
Evaluate responses using AI:
OFF
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods are the products we can see and touch. True or False?
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are durable goods ?
Goods that can be used more than once
Goods thats cannot be used more than once
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following are examples of non-durable goods?
Bread
Car
Coffee
Mobile phone
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are the Factors of Production?
Land
Labour
Buildings
Enterprise
Land
Labour
Capital
Enterprise
Land
Wages
Capital
Enterprise
7.
OPEN ENDED QUESTION
2 mins • 1 pt
Describe the role of an entrepreneur
Evaluate responses using AI:
OFF
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