The Nature of Business

The Nature of Business

12th Grade

24 Qs

quiz-placeholder

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The Nature of Business

The Nature of Business

Assessment

Quiz

Business

12th Grade

Medium

Created by

Amanda Taylor

Used 73+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an organization that strives for a profit by providing goods and services desired by its customers.

Supply

Services

Business

Goods

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

tangible items manufactured by businesses, such as laptops

Services

Goods

Supply

Demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

intangible offerings of businesses that can't be held, touched, or stored

Goods

Supply

Demand

Services

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

measured by the output of goods and services people can buy with the money they have

Business

Standard of Living

Quality of Living

Risk

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

general level of human happiness based on such things as life expectancy, educational standards, health, sanitation, and leisure time

Quality of Life

Risk

Standard of Living

Cost

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

potential to lose time and money or otherwise not be able to accomplish an organization's goals

Business

Profit

Risk

Cost

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

money a company receives by providing services or selling goods to customers

Cost

Risk

Revenue

Profit

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