Business Quiz

What is a free enterprise system?

• A business that gives away free items

• A system where people donate items

• A place to save money

• A system that allows people to make choices in their business and how it operates

HEB gives back to their community by....

• Doing nothing

• Providing disaster relief

• ignoring education

• not including everyone

What is an entrepreneur?

• A person that gives speeches all day

• A person that creates a business and takes risk of opening a new business

• A person that teaches at a school

• A person that works on book reports

What does it mean to donate?

• to put money into your bank account

• to give your time or money to different causes

• to spend money at H-E-B

• To keep everything put away for later

Which is an example of a good?

(There can be more than one correct answer)

• A person walking a dog for money

• Toothpaste

• Vegetables and Fruit

• A waiter at a McDonald's serving you food

Scarcity is.....

• when a community does not have enough resources to meet the demand of consumers

• when we have too much of an item

• everyone is able to buy everything they want

Consumers and businesses make choices about how they....

(Hint: there are two correct answer choices)

• Spend

• Talk

• Save

• Wake up

Which is an example of SCARCITY?

• Toilet paper running out during the COVID pandemic

• Too many blueberries at HEB

• Too many bananas at

  Wal-Mart

The amount of money a business makes after all production costs are paid is called.......

• demand

• scarcity

• donating

• profit

Many people are buying Nutella at HEB, so HEB decides to change the price from $3.58 to a higher price of $4.38. What is the relationship between demand and price?

• When demand decreases, price increases

• When demand increases, price decreases

• When demand increases, price increases

• When demand decreases, price decreases