Unit 1

Unit 1

11th Grade

21 Qs

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Unit 1

Unit 1

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Anang Setiawan

Used 1+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

the next best alternative forgone

Production possibility curve

Scarcity

opportunity cost

economic problem

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

natural resources

Labour

Enterprise

Land

capital

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

The first stage of production and includes extracting or growing resources.

Tertiary sector

Public sector

Secondary sector

Primary sector

4.

FILL IN THE BLANK QUESTION

1 min • 5 pts

occurs in a transformation process when outputs are produced that are worth more than the inputs brought in to provide them

5.

FILL IN THE BLANK QUESTION

1 min • 5 pts

is a name, design, logo, symbol or indeed anything that makes a product recognizable and distinguishes it from the competition in the eyes of the cusomer

6.

FILL IN THE BLANK QUESTION

1 min • 5 pts

are individuals who take the risk to create or start a new business or project.

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The reward for enterprise

rent

wage

profit

interest

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