Intro to Business Ch 1

Intro to Business Ch 1

9th - 12th Grade

15 Qs

quiz-placeholder

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Intro to Business Ch 1

Intro to Business Ch 1

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Natalee Hayes

Used 8+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What drives the economy?

Resources

Consumers

Wants and Needs

Goods and Services

2.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Which question is NOT true of public wants?|

They are often considered private

They are widely shared by many

Examples include highways and parks

Government satisfies public wants

3.

FILL IN THE BLANK QUESTION

1 min • 5 pts

What is a name for items people can use to make or obtain what they need or want?

4.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Which is true of resources?

Resources are unlimited

Businesses and government lack resources

Insurance and tourism are examples of resources

Resources are limited

5.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What is step 3 of the decision making process

Evaluate your decision

Determine the pros and cons

Make a decision

Identify the situation

6.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Once you have made a decision, what would be the best question to help you evaluate your decision?

What is the problem and what are my options?

What are my needs and wants?

What resources are available to me?

Would I make the same choice again?

7.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

When making a business decision, which one is true?

They should be consistent with their goals

They should consume the most resources available

They should be made without regard for consequences

They should be made independently

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