3rd Grade Business Vocabulary

3rd Grade Business Vocabulary

2nd - 4th Grade

11 Qs

quiz-placeholder

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3rd Grade Business Vocabulary

3rd Grade Business Vocabulary

Assessment

Quiz

Social Studies

2nd - 4th Grade

Hard

Created by

Aeron Sandefer

Used 3+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Free Economic Enterprise System

economic system where people have freedom as consumers and producers

money a person gets from working or selling goods and service

money a person gets from working or selling goods and service

the costs a person has for goods and services they buy

a shortage of a resource

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Budget

economic system where people have freedom as consumers and producers

money a person gets from working or selling goods and service

a plan for managing a person's income and expenses

the costs a person has for goods and services they buy

a shortage of a resource

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Income

economic system where people have freedom as consumers and producers

money a person gets from working or selling goods and service

a plan for managing a person's income and expenses

the costs a person has for goods and services they buy

a shortage of a resource

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Scarcity

economic system where people have freedom as consumers and producers

money a person gets from working or selling goods and service

a plan for managing a person's income and expenses

the costs a person has for goods and services they buy

a shortage of a resource

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Profits

economic system where people have freedom as consumers and producers

money a person gets from working or selling goods and service

a plan for managing a person's income and expenses

the costs a person has for goods and services they buy

the money made by a business after paying all expenses

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Expense

economic system where people have freedom as consumers and producers

money a person gets from working or selling goods and service

a plan for managing a person's income and expenses

the costs a person has for goods and services they buy

the money made by a business after paying all expenses

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Entrepreneur

economic system where people have freedom as consumers and producers

a person who starts a business

a plan for managing a person's income and expenses

the costs a person has for goods and services they buy

the money made by a business after paying all expenses

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