Evolution of Business by Fariha Fahim

Evolution of Business by Fariha Fahim

9th - 11th Grade

11 Qs

quiz-placeholder

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Evolution of Business by Fariha Fahim

Evolution of Business by Fariha Fahim

Assessment

Quiz

Other

9th - 11th Grade

Practice Problem

Medium

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Producing goods for ones own usage is known as,

Barter system

Self sufficiency

Trade

Business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Exchanging good for another good between two people is,

Barter system

Self sufficiency

Use of money

E- Commerce

3.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

.............................. acts as a medium of Exchange

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is wrong about the drawbacks (weaknesses) of the barter system?

Two parties agree to buy and sell each others commodities

No common unit to measure the value of the good

Difficult to store for future exchange purposes

Metals were used as medium of exchange

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Examples for plastic money,

Coins

Debit card

Bitcoin

Credit card

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Satish has a mobile phone and wants to exchange it for a laptop.

Gajan has a laptop and wants to exchange it for a tablet.

What problem are they facing?

Lack of double coincidence of wants.

Lack of a common measure of value.

Indivisibility of certain goods.

Difficulty in storing value.

7.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

Mass production resulted by the ......................................

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Google

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Microsoft

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