INTRO 2022

INTRO 2022

9th Grade

25 Qs

quiz-placeholder

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INTRO 2022

INTRO 2022

Assessment

Quiz

Business

9th Grade

Hard

Created by

Kyle Byrnes

FREE Resource

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What are Factors of Production?

lack of resources

only the natural resources used for products

economic resources needed to produce a society's goods & services

only the labor it takes to produce goods

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What type of economy is the most common?

market segmentation

mixed economy

command economy

market economy or free enterprise

3.

MULTIPLE SELECT QUESTION

30 sec • 5 pts

Businesses provide goods, jobs, and services to others.

TRUE

FALSE

4.

MULTIPLE SELECT QUESTION

30 sec • 5 pts

Businesses seek to earn a profit by providing goods and services to others.

TRUE

FALSE

5.

MULTIPLE SELECT QUESTION

30 sec • 5 pts

Revenue is the amount a business earns above and beyond what it spends for expenses and costs

TRUE

FALSE

6.

MULTIPLE SELECT QUESTION

30 sec • 5 pts

Profit is the amount of money a business earns above and beyond what it spends for salaries and other expenses

TRUE

FALSE

7.

MULTIPLE SELECT QUESTION

30 sec • 5 pts

Since all businesses make a profit, starting a business is not risky.

TRUE

FALSE

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