Business Studies Chapter 1-3

Business Studies Chapter 1-3

9th - 10th Grade

11 Qs

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Business Studies Chapter 1-3

Business Studies Chapter 1-3

Assessment

Quiz

Business

9th - 10th Grade

Practice Problem

Medium

Created by

Lilliannn L

Used 27+ times

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11 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are potential factors of production used to produce a textbook? (Check all that apply)

forests

writers

editors (to proof-read)

students

printing machines

2.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

The basic economic problem is a result of _______: there exist unlimited wants but limited resources to produce goods and services to satisfy those wants.

3.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

Due to the problem of scarcity, we have to make choices. Due to choices, there is an ________ involved when making decisions.

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

 

Netflix belongs to which sector of the economy?

Primary sector

Secondary sector

Tertiary sector

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Oil refining belongs to which sector of the economy?

Primary sector

Secondary sector

Tertiary sector

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which one is not a way to measure business size?

number of employees

number of entrepreneurs

market share

value of output

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Facebook bought Instagram for $1 billion in 2012. This is an example of...

horizontal integration

backward vertical integration

forward vertical integration

conglomerate integration

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