Intro to Business Ch 2

Intro to Business Ch 2

10th - 12th Grade

15 Qs

quiz-placeholder

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Intro to Business Ch 2

Intro to Business Ch 2

Assessment

Quiz

Other

10th - 12th Grade

Medium

Created by

Natalee Hayes

Used 9+ times

FREE Resource

15 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

45 sec • 5 pts

The definition of ________ is a shortage of resources.

2.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Which is NOT a factor of production?

Labor

Marketplace

Natural Resources

Capital

3.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Which statement about natural resources is true?

Agriculture products are renewable because new crops can be grown each season

Coal is renewable because there is so much of it still in the ground

Lumber is not renewable because it takes a long time to grow new trees

Water is renewable because it can be produced

4.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Which statement about natural resources is NOT true?

Natural resources can be processed to make goods

The amount of natural resources available to a society has little affect on the economy

Synthetic materials such as nylon can be made from natural resources

Countries that have scare natural resources must get them from somewhere else

5.

FILL IN THE BLANK QUESTION

1 min • 5 pts

Which factor of production means the same as human resources?

6.

FILL IN THE BLANK QUESTION

1 min • 5 pts

A machine used to make molded plastic toys is an example of what factor of production?

7.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Which is most likely to profit from society's changing wants and needs?

A business with substantial labor resources

An entrepreneur

A producer of goods

A business with existing capital resources

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