
Intro to Bus. Unit 1 Test
Authored by Amanda Taylor
Business
12th Grade
Used 2+ times

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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business is an organization that strives for a profit by providing goods and services desired by its customers.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The major difference between a good and a service is how the producer uses the factors of production to create each.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Not-for-profit organizations have the same goals as for-profit organizations.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business owners and managers have a great deal of control over the internal environment of business, which covers the day-to-day business decisions.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It takes four consecutive quarters of decline in the GDP for economists to consider the economy to be in a recession.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Federal Reserve System can print money and raise taxes.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a business?
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