Business Studies Week 1

Business Studies Week 1

6th - 10th Grade

13 Qs

quiz-placeholder

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Business Studies Week 1

Business Studies Week 1

Assessment

Quiz

Fun, Business

6th - 10th Grade

Practice Problem

Medium

Created by

Michelle R

Used 17+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the exchange of goods and services for other goods and services without the use of money?

Double coincidence of wants

Barter

Surplus

Money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What occurs when two people each want what the other has to offer?

Money

Surplus

Barter

Double coincidence of wants

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an excess output on what a producer requires for his or her own use?

Deferred payments

Medium of exchange

Surplus production

Barter

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is anything that can serve as a generally acceptable means of exchange?

Credit

Deferred payments

Money

Barter

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4 functions of money are:

store of value

medium of exchange

unit of account

deferred payment

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A subsistence economy is one in which the people are able to provide for their own wants and needs through farming and fishing.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a transaction register?

A place to register banking mistakes

A place to register your debit card

A place to record withdrawals and deposits

None of the above

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