GSCE CAMBRIDGE BUSINESS C1

GSCE CAMBRIDGE BUSINESS C1

9th - 11th Grade

15 Qs

quiz-placeholder

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GSCE CAMBRIDGE BUSINESS C1

GSCE CAMBRIDGE BUSINESS C1

Assessment

Quiz

Business

9th - 11th Grade

Practice Problem

Hard

Created by

Laila Halalo

Used 42+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factor of goods?

Can physically touch

Intangible

Cannot physically touch

services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factors of services?

products

Can physically touch

Intangible

food

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What are needs?

Things we want

Things we cannot live without

Things we can live without

Not necessary

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What are wants?

food

Things we cannot live without

needs

Things we can live without

5.

MULTIPLE CHOICE QUESTION

45 sec • 3 pts

What are the factors of production?

-Land

-Labour

-Capital

-Scarcity

-Land

-Capital

-Labour

-Enterprise

-Capital

-Enterprise

-Labour

-Intensive therapy

-Investment

-Enterprise

-Land

-Capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is an entrepreneur

Someone who takes the risk to make a profit

Someone who takes the risk for charity

Someone who doesn't take the risk to make a profit

Someone who takes the risk to break-even

7.

MULTIPLE SELECT QUESTION

45 sec • 3 pts

What is scarcity

When there are not enough goods to meet the wants and needs of consumers

When demand is less than supply

When demand is greater than supply

When there are more then enough goods to meet the needs and wants of consumers

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