Business Essentials Vocab Practice (2.02)

Quiz
•
Business
•
9th - 12th Grade
•
Medium
Nina Southern
Used 4+ times
FREE Resource
61 questions
Show all answers
1.
REORDER QUESTION
1 min • 1 pt
Reorder the following by defining consumer.
goods
uses
services
and
anyone who
2.
REORDER QUESTION
1 min • 1 pt
Reorder the following by defining economic activities.
and distribution
production,
exchange,
consumption,
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Capital Goods are _____________ or constructed items that are used to produce goods and services.
4.
MATCH QUESTION
1 min • 1 pt
Desires for items that can only be obtained by spending money
Noneconomic Wants
The study of how to meet unlimited, competing wants with limited resources
Economics
A desire for something that may or may not be required
Economic Wants
Manufactured or constructed items that are used to produce goods and services
Capital Goods
A desire for something that can be satisfied without spending money
Want
5.
REORDER QUESTION
1 min • 1 pt
Reorder the following by defining decision-making.
alternatives
choosing
among
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Consumption is the process or activity of using goods and ___________.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
____________ the process or activity by which income is divided among resource owners and producers.
Economizing
Distribution
Scarcity
Services
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